GMT ๐ถ๐ ๐๐จ๐๐๐๐ฆ๐: ๐ ๐ด๐ฒ๐บ ๐๐ต๐ฎ๐ ๐ถ๐ ๐ญ๐ฑ๐ซ ๐ฎ๐๐ฎ๐ ๐ณ๐ฟ๐ผ๐บ ๐ถ๐๐ ๐๐น๐น ๐ง๐ถ๐บ๐ฒ ๐๐ถ๐ด๐ต
$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 itโs 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.
๐๐ฒ๐ฟ๐ฒ ๐ถ๐ ๐๐ต๐ฒ ๐๐๐ป๐ฑ๐ฎ๐บ๐ฒ๐ป๐๐ฎ๐น ๐๐ป๐ฎ๐น๐๐๐ถ๐!
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 teamโs confidence and commitment to decentralized governance, enhancing the tokenโs 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 initiativeโs 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 DAOโs mission of fostering sustainable growth and community engagement.