GT (GateToken) rose 6.42% in 24 hours.

Gate News Bot news, August 21, according to CoinMarketCap data, as of the time of this report, GT (GateToken) is currently priced at $17.84, with a rise of 6.42% in the last 24 hours, reaching a high of $18.39 and dropping to a low of $16.78. The 24-hour volume has reached $11.7 million. The current market capitalization is approximately $2.192 billion, an increase of $132 million compared to yesterday.

GateChain is an advanced blockchain network built for the future. It provides fast, secure, and reliable infrastructure to support the smooth transfer of decentralized applications and digital assets. GateChain is an EVM-compatible Layer-1 blockchain that allows developers to quickly deploy and run applications at zero cost. Existing EVM applications can easily migrate to GateChain, benefiting from improved performance and reduced costs. The average transaction cost is less than $0.002, and GateChain lowers the entry threshold for users, promoting widespread adoption of blockchain.

Important news about GT recently:

1️⃣ GT price continues to rise, breaking through multiple key price levels The GT price has shown a continuous pump in the past few days, breaking through several key levels including 17.0 USDT, 17.5 USDT, and 18.0 USDT. The 24-hour rise once reached 5.48%, peaking at 18.39 USD, demonstrating strong upward momentum and market confidence.

2️⃣ Gate launches a new Launchpool project to enhance GT usability Gate will launch the 299th Launchpool project on August 20, 2025, with the main token being Rekt (REKTCOIN). Users can participate in mining by staking BTC, GT, or REKTCOIN to share a total airdrop reward of 577,777,777,778 REKTCOIN. This activity not only enhances the utility of GT but may also stimulate an increase in demand for GT in the short term.

3️⃣ VIP users enjoy additional staking benefits, enhancing user stickiness In the new phase of the Launchpool project, VIP 5 and above users can enjoy a maximum 500% staking limit bonus. This special offer helps to enhance the participation and loyalty of high-level users, indirectly supporting the stability and rise of the GT price.

From a technical perspective, GT has continuously broken through multiple resistance levels, showing strong short-term performance. However, caution is needed for potential pullbacks. On the fundamental side, the Gate platform continues to launch new projects and user incentive measures, providing strong support for the long-term value of GT.

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