GT (GateToken) decreased by 2.54% in the last 24 hours

Gate News Bot message, November 12th, according to CoinMarketCap data, as of press time, GT (GateToken) is priced at $11.77, down 2.54% in the past 24 hours, with a high of $12.47 and a low of $11.26. The 24-hour trading volume reached $3.77 million. The current market capitalization is approximately $945 million, a decrease of $24.61 million from yesterday.

Recent important news about GT:

1️⃣ Capybobo Global Launch Drives Short-term GT Rally On November 10th, Gate announced the global launch of Capybobo (PYBOBO) spot trading, along with the kickoff of the 317th HODLer Airdrop event. The event will airdrop 20 million PYBOBO tokens to GT holders, with at least 1 GT required to participate. This positive news triggered a noticeable short-term increase in GT price, with multiple breakthroughs above $12 USDT between November 10th and 11th, and a 24-hour increase of up to 8%.

2️⃣ Gate Launches “Wild Wednesday” Promotion to Boost Trading From November 5th to 9th, Gate held the 11th “Wild Wednesday” event, where users completing designated tasks could win prizes including XL1 and AirPods Pro. The promotion also introduced a 3-day USDT fixed-term investment product, along with a bonus pool of 5,000 GT, with annualized yields reaching up to 16%. These promotional activities aim to stimulate trading volume and user engagement, providing some support for GT’s price.

3️⃣ GT Price Volatility Intensifies, Showing High-level Pullback Recently, GT has experienced significant fluctuations. Between November 10th and 11th, GT repeatedly broke above $12 USDT, with a maximum 24-hour increase of 10.11%. However, the latest data shows a pullback, with a 2.54% decline in the past 24 hours. This high-level oscillation reflects market uncertainty about GT’s short-term prospects, with investor sentiment becoming more cautious.

From a technical perspective, GT has repeatedly tested the $12 USDT resistance level but failed to break through effectively, indicating strong resistance at this price point. In the short term, GT may continue to fluctuate within the $11-$12 USDT range, and investors should closely monitor whether it can break above the resistance.

This message is not investment advice; market volatility risks should be noted.