Bittime - Analysis from InvestorsObserver puts GT Protocol (GTAI) in the low risk category. Their custom scoring system calculates how much money it would take to move the price in the last 24 hours, taking into account changes in volume and market capitalization.
The goal is to find out whether a cryptocurrency is potentially easily manipulated by limited trading activity.
A low score indicates high risk, while a high score indicates low risk, with a grading scale from 0 to 100.
GT Protocol Trading Analysis
The risk meter rating for GTAI indicates that this token is currently a low-risk investment. This rating is especially useful for traders who focus on risk assessment to avoid (or add to) risky investments.
GT Protocol price saw a 32.78% drop in the last 24 hours, bringing its current price to $5.24. This price movement coincided with trading volumes that were below average levels, while the token market capitalization actually increased.
The market capitalization for this token now stands at $40,547,705.96, while the value of token trades in the last 24 hours stands at $36,063,895.82.
Price movements relative to recent changes in volume and market capitalization earn GTAI a low risk assessment.
Check Today's Crypto Market:
General Factors Affecting GTAI Prices in 2024
Some general factors that can influence the price of crypto assets such as GTAI.
1. Adoption and Use
Increased adoption and use of GTAI in real applications or integration with other platforms may increase demand and, consequently, price.
2. Technological Innovation
The development of new features, technology updates, or more efficient and secure solutions can increase investor interest and the price of GTAI.
3. General Market Sentiment
Overall crypto market sentiment can influence the price of GTAI. Good or bad news about crypto in general, macroeconomic events, or regulatory issues can trigger price movements.
4. Increased Awareness and Education
Efforts to increase public awareness and education about GTAI and the benefits and potential of its technology may increase investor interest and, consequently, prices.
Also read: 8 Altcoins that can turn $1,000 into a millionaire, are they really as interesting as BTC?
5. Changes in Regulations
Changes in crypto regulations in various jurisdictions may affect the price of GTAI. Favorable or prohibitive regulations can have a significant impact.
6. Competition and Collaboration
The actions of GTAI's direct competitors, as well as possible collaborations with other projects, may influence the perception and price of GTAI.
7. Macroeconomic Market Performance
Macroeconomic factors such as inflation, interest rates, political instability and economic crises can affect the overall price of cryptos, including GTAI.
8. Blockchain Technology in General
Developments and innovations throughout the blockchain space may influence the price of GTAI. For example, the success or failure of other major protocols could impact the market's perception of blockchain technology as a whole.
9. Security and Vulnerabilities
The security of the GTAI platform or protocol may impact pricing if a security incident or significant vulnerability occurs.
Also read How to Buy Crypto:
Conclusion
GTAI price volatility over the last 24 hours results in low risk analysis. The combination of price volatility and changes in trading volume leads investors to believe that these tokens are potentially manipulated. Click Here: link to full report to get the complete report about GT Protocol (GTAI).
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER : This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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