GateToken (GT), the native token of GateChain which was based by Gate.io, has reached the main 100 cryptos as its market cap surpassed the $1 billion mark.
GT is up by 28.3% up to now 24 hours and is buying and selling at $11 on the time of writing — a stage not seen since Might 2021. The asset’s market cap is at the moment sitting at $1.05 billion, making it the 96th-largest cryptocurrency.
![GateToken surges 28% reaching 16-month high - 1](https://crypto.news/app/uploads/2024/03/GateToken-GT-11.41.06-28-Mar-2024-1024x347.png)
Furthermore, the day by day buying and selling quantity of GateToken additionally recorded a 180% rally, reaching $50 million.
In keeping with information offered by Santiment, the whole quantity of GT holders has reached 3,427 distinctive addresses. Per the info supplier, it’s the primary time since November 2022 that the GT holders surpass that 3,000 pockets mark.
Then again, information from the market intelligence platform reveals that GateToken’s Relative Power Index (RSI) elevated from 70 to 75 over the previous 24 hours. This reveals that the asset is overheated and there’s a risk of huge whales taking revenue as a result of low variety of holders.
For GT to remain within the bullish zone, its RSI would want to chill down under the 50 mark.
In keeping with information from CoinMarketCap (CMC), Gate.io has witnessed a slight improve in its day by day buying and selling quantity, reaching nearly $3 billion.
Information reveals that Gate.io’s whole belongings are value $5.27 billion on the time of writing. Notably, GT has the key stake within the alternate’s asset, round 20% which is value $1.05 billion.
Bitcoin (BTC) is the second-largest asset in Gate.io’s portfolio, value $1.04 billion.