$GMT is currently 15X away from its all-time high and is showing strong bullish momentum. Hereโs an in-depth look at both the technical and fundamental analysis, explaining why $GMT is seeing such a positive trend.
$GMT is priced at $0.1927, bouncing back from a key support level at $0.173 and approaching resistance at $0.2000.
Breakout Target: $0.2400
Support Zone: $0.1732
A breakout above $0.2000 would confirm continued bullish momentum.
๐๐๐ป๐ฑ๐ฎ๐บ๐ฒ๐ป๐๐ฎ๐น ๐๐ป๐ฎ๐น๐๐๐ถ๐:
The BURNGMT Initiative by @GMT DAO allows the community to vote on burning 600 million GMT tokens, worth $100 million, repurchased from advisor, team, and investor allocations. This bold action highlights the teamโs trust and dedication to decentralized governance, boosting the token's long-term potential.
$GMT fuels the FSL ecosystem, which includes well-known platforms such as STEPN, Gas Hero, and MOOAR, across Solana, BNB Chain, Ethereum, and Polygon. The initiative introduces a 60-day lock period where participants can vote, earn exclusive NFTs, and share in a 100 million GMT reward pool.
The plan to burn 600 million GMT tokens will reduce the total supply, create scarcity, and potentially increase the tokenโs value. To participate, holders can lock a minimum of 100 GMT on burngmt.com, supporting the DAOโs goal of encouraging sustainable growth and active community participation.
