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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 Live 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 Technical Analysis
Gitcoin Price Prediction
#1. WalletInvestor GTC Price Prediction for 2021, 2023, 2025
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#3. DigitalCoin GTC Price Forecast for 2021, 2022, 2023, 2025
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