GT (GateToken) fell 1.63% in 24 hours.

Gate News Bot news, on October 11, according to CoinMarketCap data, as of the time of writing, GT (GateToken) is currently priced at $15.97, a fall of 1.63% in the last 24 hours, with a high of $17.31 and a low of $13.58. The current market capitalization is approximately $1.315 billion, a decrease of $21.85 million compared to yesterday.

GateChain is an advanced blockchain network built for the future. It provides a fast, secure, and reliable infrastructure that supports the seamless transfer of decentralized applications and digital assets. As an EVM-compatible Layer-1 blockchain, GateChain enables developers to deploy and run applications quickly at zero cost. The average transaction cost is less than $0.002, significantly lowering the entry barrier for users and promoting widespread adoption of blockchain. GateChain's real-time block confirmation significantly improves transaction efficiency, eliminating uncertainty and rollbacks. Its high scalability ensures stability during periods of high transaction volume, supporting long-term growth and mass adoption.

GT recent important news:

1️⃣ GT price fluctuates frequently, breaking through multiple price levels in the short term The GT price has repeatedly broken through the key levels of 15.0 USDT and 15.5 USDT in the short term, reaching a high of 17.5 USDT. This frequent price breakthrough indicates strong market interest and active trading for GT. Within 24 hours, the GT price has experienced significant fluctuations, reaching a high of 17.31 USDT and a low of 13.58 USDT, reflecting the instability of market sentiment.

2️⃣ Gate Fun launches themed token event to stimulate GT trading demand Gate Fun held a Formula Racing themed token creation and trading event from October 4 to 11. The event established two independent leaderboards: one for trading volume and one for the number of traders, with each leaderboard having a prize pool of 200 GT. Additionally, the first creator of a themed token to complete liquidity migration can receive a reward of 100 GT. Such activities help to enhance the usage and liquidity of GT, potentially increasing the demand for GT.

3️⃣ Gate Alpha launches new token to promote GT ecosystem development Gate Alpha launched the Chinese meme "Gate" token trading event on October 10 at 20:30 (UTC+8). Users who complete a cumulative purchase of 20 USDT or more of the "Gate" token can share airdrop rewards worth 2000 USD in GT. This innovative activity not only attracts user participation but also promotes the application of GT in the Gate ecosystem, benefiting the long-term value growth of GT.

From a technical perspective, the GT price oscillates within the range of 15-17.5 USDT, showing a certain level of resistance to fall. However, the recent downtrend also indicates that there is still some selling pressure in the market. On the fundamental side, the Gate platform continues to launch new activities and list new tokens, which helps to maintain the ecological vitality and user participation of GT.

This message is not an investment advice, and investors should pay attention to market volatility risks.