#GMT热度飙升
💥Unlocking voting drives up prices. I've been paying attention to the strength of this coin since the day before yesterday, and yesterday saw a huge volume stretch from the bottom. If the price keeps rising before the staking ends on January 20th, then the strategy may be to keep pushing up for over ten days, so that the selling price after unlocking the staking is higher. If calculated based on market cap and fully diluted value:
The fully diluted value is around $1.2 billion, with $600 million currently available. The market cap is indeed somewhat undervalued. Additionally, the total supply is 5.2 billion, with 2.6 billion already in circulation. This means half of the tokens have already been released. Aside from the holdings in the hands of large whales, the chips in the hands of the main players are indeed quite limited. If more than 20% is released, and the market liquidity share exceeds 70%, then the main players will completely lose their chips. In layman's terms, this rise is not driven by the main players; they have lost control. If there is another unlocking, it may trigger selling pressure and continue to dilute the price. The rest will be managed by the community.
In layman's terms: there will be a short-term rise, and it does not belong to the category of scam coins!
Secondly: it belongs to the NFT sector. Old coin friends know what NFTs represent, which is hundreds or thousands of times. If calculated based on DOGE as the leader, DOGE now has a market cap of 46.2 billion; if GMT rises 20 times, it may become the leader. This calculation also has a certain imaginative space.
From a technical perspective: need to pay attention to the support at 0.21, and the lifeline position at 0.17 cannot fall back. The volatility is very high, so contract involvement is not recommended.
Looking at the corresponding NFT sector, only ETHTA is following suit; the others are completely stagnant. Everyone can compare for themselves. Look at those suitable for participation; anyway, from a technical perspective, there has not been a very strong NFT sector effect.
