GNO Price Analysis August 2022
GNO is a token of platform Gnosis. Its current price is around $154.29 by the time of writing, with a low of $96.58, and its market cap is 397 million dollars.
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What is Gnosis?
Gnosis is a decentralized platform that helps you invest with other people and information to create, trade, & securely hold digital assets. This can happen with or without regulation on the Ethereum blockchain. In addition, the new protocol has a 0.1% fee for each trade divided between the solvers and GNO token holders. This means that GNO token holders will benefit from increased trading volume.
What is GNO?
GNO is the coin of the Gnosis platform, which is around $154.29 by the time of writing, with a low of $96.58. It reached a high of $1,088.87, and its current ranking is #97 according to CoinMarketCap, with a market cap of 397 million dollars. GNO is also known as Gnosis, an Ethereum-based token that can be staked to create OWL tokens. Stakers can earn rewards by locking GNO away for some time.
GNO Coin Market Analysis
GNO has a total supply of 3,000,000 coins worth around $154.29 with a market volume of 4 million dollars, whereas the market capitalization is 397 million dollars at writing.
GNO Price Prediction
Gnosis was an investment option that was profitable for Gnosis enthusiasts. However, the technical analysis of Gnosis charts shows a continuous uptrend in the Gnosis cryptocurrency with significant volatility in the token price. On the 4H timeframe, the price action of $GNO/USDT works inside the inverse cup and handle. Therefore, we must wait for a successful breakout or breakdown to confirm its next move.
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Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.
Disclaimer: Our analysis is for educational purposes.