Here are some analyses on the trend of GMT and predictions for investors:
1. Key information:
• Upcoming unlocking date: 94.09 million GMT tokens will be unlocked on 2025-01-06. This accounts for 0.02% of the circulating supply.
• Historical data:
• Date 2024-12-07: After unlocking, the price of GMT decreased -8.12% (from $0.24 to $0.22).
• Date 2024-11-06: After unlocking, the price of GMT increased +10.08% (from $0.13 to $0.14).
• Current price: $0.1603, down 6.58% for the day.
2. Trend analysis:
• Impact from the unlocking event: Based on history, the price of GMT may face selling pressure when a large number of tokens are unlocked.
• In the case of December 7, 2024, the price dropped significantly (-8.12%) due to selling pressure from investors holding unlocked tokens.
• However, on 2024-11-06, the price rose slightly after unlocking (+10.08%), indicating that other market factors also play an important role.
• Current price drops sharply: Recent price decline (6.58%) indicates a somewhat negative market sentiment, possibly related to the upcoming unlocking event.
3. Predictions and recommendations:
• Short-term scenario:
• The price of GMT may continue to decrease before or right after the unlocking date (2025-01-06) due to selling pressure.
• If the overall market is weak, the decline may be similar to the event on December 7, 2024 (-8.12%).
• Strategy for investors:
• Short-term: Be cautious before the unlocking event. If the price continues to drop significantly, consider buying after the selling pressure eases.
• Long-term: Consider the fundamental factors of the GMT project (development team, practical application, and market trends) to decide whether to hold.
Note: This is only an analysis based on historical data and does not guarantee the future. Investors should monitor the market and related news to make accurate decisions.