GT (GateToken) rose 6.03% in the last 24 hours.

Gate News Bot message, on August 14, according to CoinMarketCap data, as of the time of publication, GT (GateToken) is currently priced at $17.79, with a rise of 6.03% in the last 24 hours, peaking at $21.26 and dropping to a low of $16.33, with a 24-hour volume of $47.4 million. The current market capitalization is approximately $2.186 billion, an increase of $124 million compared to yesterday.

GateChain is an advanced blockchain network built for the future. It provides fast, secure, and reliable infrastructure that supports the smooth transfer of decentralized applications and digital assets. As an EVM-compatible Layer-1 blockchain, GateChain enables developers to quickly deploy and run applications at almost zero cost. The average transaction cost is below $0.002, and real-time block confirmations significantly enhance transaction efficiency, eliminate uncertainty, and prevent rollbacks. Its high scalability ensures stability during periods of high volume, supporting long-term growth and widespread adoption.

Important news about GT recently:

1️⃣ GT price breaks through strongly, with a 24-hour rise of over 30% The GT price has shown a strong pump momentum in the past 24 hours, breaking through multiple important price levels. Starting from 18 USDT, the GT price quickly broke through 19 USDT, 20 USDT, and once touched a high of 21.5 USDT. The highest rise in 24-hour volume reached 30.20%, demonstrating the market's strong bullish sentiment towards GT.

2️⃣ New projects launched on the Gate platform, enhancing the value of the GT ecosystem Gate announces the launch of two new projects: PublicAI (PUBLIC) and Overlay Protocol (OVL). As a platform token, GT holders will receive airdrop rewards for these new projects. The PUBLIC project plans to distribute 350,000 tokens, while the OVL project will distribute 95,239 tokens to eligible GT holders. These initiatives help enhance the ecological value and user stickiness of GT.

3️⃣ Gate Yubi Bao launches high-yield activity to stimulate GT demand Gate Yu Bi Bao launched the "Crazy Wednesday" fixed-term financial management activity, offering a 6% annualized return for USDT. During the event, users can also share an additional 1,000 GT rewards. This high-yield activity not only attracts users to participate in the platform's financial products but also indirectly stimulates the market demand for GT through the GT rewards.

From a technical perspective, the GT price has broken through several key resistance levels, showing strong pump momentum. There may be some pullback and consolidation in the short term, but the overall trend remains positive. On the fundamental side, the Gate platform continues to launch new projects and incentives, which is beneficial for the long-term value rise of GT.

This message is not to be considered as investment advice; investors should be aware of market volatility risks.