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Gitcoin Price Prediction

Gitcoin Price Prediction

Gitcoin Fundamental Analysis

Gitcoin Fundamental Analysis

Gitcoin (GTC) is an Ethereum-based governance token on the Gitcoin network, which is a project with the purpose to unite people who are interested in the future of the open web and want to participate in its development. Gitcoin is focused primarily on community building and sharing the opportunities within this community. It does that by providing a platform to connect “builders” (developers, designers, etc) with:

  • each other, so they can develop their ideas and collaborate on interesting open-source projects
  • backers in search of new exciting investments to get funding for their projects.

There are many ways to make money as a developer on this platform like participating in hackathons, competing for grants, or earning bounties. However, simple relationship building or helping each other learn is also encouraged. Gitcoin is recognized and endorsed by such people as Vitalik Buterin, which is high praise in the crypto space.

Considering Gitcoin’s ideology and mission, it shouldn’t come as a surprise that the project’s governance is community-based. Gitcoin (GTC) is the token used in this process. It was introduced in May 2021, when it became available to be claimed by the “builders” and financing providers. Those tokens aren’t used as transaction fees or any other payments in the network, their utility is solely in their voting power.

Gitcoin Price Chart

Gitcoin (GTC) is not a means of payment, but only a way to govern the network — or so it’s been claimed by the Gitcoin team, but its price has been susceptible to volatility like any other asset. Gitcoin started trading in late May 2021 and its price went on from ~$3 to clear the $9 mark almost right away. It dropped to the more modest ~$4.5-$5 for about a week, but after that, it rallied and reached $18.05 on June 11, possibly due to the commotion caused by some (failed) Sybil attacks and a subsequent community effort to build a defense against them. Later Gitcoin’s price climbed down again, but — surprisingly in this market — since late June it’s been trending up or at least sideways, which by early July meant mostly hovering above $7.

Gitcoin Price Chart

Gitcoin Technical Analysis

Despite the fact that 100% accurate technical analysis for Gitcoin cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated GTC buy-and-sell rating for selected timeframe. The summary for GTC/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Gitcoin Technical Analysis

Gitcoin Price Prediction

Below we have collected the most reliable price projections for Gitcoin (GTC) from popular forecast platforms.

#1. WalletInvestor GTC Price Prediction for 2021, 2023, 2025

According to WalletInvestor, Gitcoin price will drop from $5.726 to $0.953 in one year. That makes GTC an bad investment. The long-term earning potential is -83.36%.

#2. TradingBeasts GTC Price Prediction for 2022

Answering the question about if Gitcoin is a good investment, TradingBeasts say a resounding yes. In the 2021 perspective, this coin price is predicted to reach $6.16716 with a reduction to $11.36600 by the end of 2022.

#3. DigitalCoin GTC Price Forecast for 2021, 2022, 2023, 2025

In DigitalCoin analysis, the price of Gitcoin cryptocurrency will rise in the next 5 years starting from $0 as of today’s price to $0. It will go up to $0 by 2022 and starts its reduction in 2023–2024. Based on this forecast, Gitcoin is a profitable long-term investment.

Summary

As it can be clear from the analysis cited above, Gitcoin (GTC) projections are rather contradictory. There is no universal consensus either about positive or negative future GTC price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Gitcoin projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).

Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

About SwapSpace

SwapSpace is a cryptocurrency exchange aggregator that allows to swap over 450 cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.

Passionate about crypto and want to get more news and price predictions daily? Join SwapSpace’s blog!

Latest articles:
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Originally published at https://swapspace.co.

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SwapSpace

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SwapSpace is a cryptocurrency exchange aggregator that allows you to swap over 700 cryptocurrencies instantly with no limits, no extra fees and without sign-ups

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