$GMT is 15X away from its all time high and also showing the bullish momentum. So here is the detailed technical and fundamental analysis and you can see that why itâs so much bullish.
$GMT is trading at $0.1927, rebounding from key support at $0.173 and testing resistance at $0.2000
Breakout Target: $0.2400 Support Zone: $0.1732
A breakout above $0.2000 signals bullish momentum.
The BURNGMT Initiative by @GMT DAO allows the community to vote on burning 600 million GMT tokens, worth $100 million, sourced from repurchased allocations for advisors, teams, and investors. This bold move showcases the teamâs confidence and commitment to decentralized governance, enhancing the tokenâs long-term value.
GMT powers the FSL ecosystem, including popular products like STEPN, Gas Hero, and MOOAR, across Solana, BNB Chain, Ethereum, and Polygon. The initiativeâs voting mechanism involves a 60-day lock period where participants can vote, receive unique NFTs, and share in a 100 million GMT reward pool.
Burning 600 million GMT will reduce supply, increase scarcity, and potentially boost value. To participate, holders can lock a minimum of 100 GMT on burngmt.com, aligning with the DAOâs mission of fostering sustainable growth and community engagement.