Key Takeaways
The GateChain blockchain’s Gate (GT) crypto hit an all-time high of $13.09 on May 12, 2021. Although it dropped after that, it outperformed the crypto market in 2022 before underperforming in 2023.
However, it had a strong 2024; on Dec. 4, 2024, it reached a new all-time high of $13.27.
Let’s examine our Gate price predictions, made on Dec. 4, 2024. We will also examine the Gate price history and discuss what Gate is and does.
Here are our Gate price predictions from Dec. 4, 2024. Although we take the utmost care with our price forecasts, price predictions, especially for something as potentially volatile as cryptocurrency, very often end up being wrong.
Minimum GT Price Prediction | Average GT Price Prediction | Maximum GT Price Prediction | |
---|---|---|---|
2025 | $10 | $16 | $25 |
2026 | $15 | $22 | $35 |
2030 | $25 | $40 | $70 |
In 2025, Gate (GT) is expected to experience steady growth as the crypto market recovers from previous cycles and more users adopt the Gate.io ecosystem. While macroeconomic factors and regulatory uncertainty may create temporary volatility, GT’s strong technical structure and utility could help maintain a minimum price of $10, with the potential to average $16 and reach as high as $25 in a bullish scenario.
By 2026, GT may benefit from further expanding Gate.io’s offerings and increasing global crypto adoption. With a broader user base and potential new features driving demand, the price is likely to hold above $15, with an average of $22 as market conditions stabilize and a max target of $35 if the bullish momentum continues.
By 2030, Gate could see exponential growth due to widespread crypto adoption and potential innovations within the Gate.io ecosystem, cementing its role as a major player in the market. This long-term growth could result in a minimum price of $25, an average of $40, and a maximum of $70 in the case of strong network development and favorable market conditions.
Gate (GT) has rallied strongly after breaking out of a descending triangle in December 2023. It completed a five-wave Elliott Wave structure and peaking at $13.63, surpassing its previous all-time high.
Despite entering overbought RSI levels, which hint at a potential short-term pullback, the bullish structure remains intact, with Fibonacci levels providing key zones for consolidation or retracement.
The hourly chart shows GT completing a wave five structure, slightly surpassing its $13 all-time high. RSI overextension and flat price action below $13 signal potential consolidation, but the broader trend remains bullish. A move above $13.63 confirms further upside, while support at $11.50 is crucial for preserving the uptrend.
The Gate price prediction for the next 24 hours depends on whether it can stay above $11.50.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Dec. 4, 2024, Gate’s ATR was 0.645, suggesting relatively high volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively.
Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Dec. 4, 2024, the Gate RSI was 80, suggesting that GT was overbought.
The CCN Strength Index combines an array of advanced market signals to measure the strength of individual cryptocurrencies over the last 30 days.
Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.
The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.
However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.
On Dec. 4, 2024, Gate scored 76.7 on the CCN Index, suggesting momentum strong enough for a trend shift.
Gate is, at its core, a centralized crypto exchange token, so let’s compare it with other similar cryptocurrencies.
We looked at the Gate price history and found the best times to buy GT.
Day of the Week | Friday |
Week | 8 |
Month | February |
Quarter | First |
Now, let’s examine some key dates in the Gate price history . While we should never take past performance as an indicator of future results, knowing what the coin has achieved can provide us with some very useful context if we want to make or interpret a Gate price prediction.
Time period | GT price |
---|---|
Last week (Nov. 27, 2024) | $11.40 |
Last month (Nov. 4, 2024) | $8.52 |
Three months ago (Sept. 4, 2024) | $7.43 |
Last year (Dec. 4, 2023) | $4.30 |
Five years ago (Dec. 4, 2019) | $0.395 |
Launch price (Aug. 27, 2019) | $0.9085 |
All-time high (Dec. 4, 2024) | $13.27 |
All-time low (March 13, 2020) | $0.2667 |
The market capitalization, or market cap, is the sum of the total number of BTC in circulation multiplied by its price.
On Dec. 4, 2024, Gate’s market cap was $1.16 billion, making it the 102nd-largest crypto by that metric.
Supply | Figures |
---|---|
Total supply | 300,000,000 |
Circulating supply (as of Dec. 4, 2024) | 88,775,481 |
In its technical documentation or whitepaper , GateChain, which hosts Gate, says it wants to solve all blockchain problems without compromising principles.
It says: “GateChain is a novel next-generation public blockchain, focused on on-chain asset safety and decentralized trading. With a uniquely designed Vault Account and its functions for handling abnormal transactions, GateChain presents a never-before-seen clearing mechanism, tackling the challenging problems of asset theft and private key loss. Decentralized trading and cross-chain transfers will also be supported alongside other core features.”
The GateChain blockchain is designed to provide users with security. The platform wants people to trade and hold crypto without worrying about fraud or losing their asset keys.
Crypto entrepreneur and tech expert Han Lin founded GateChain in 2017 to host his Gate.io crypto exchange, which was founded in 2013. Its native coin, Gate, came onto the market in 2019. Gate is also known by its ticker handle, GT.
In addition to its security-based blockchain and crypto exchange, GateChain also hosts people’s wallets.
GateChain uses a Proof-of-Stake (PoS) consensus mechanism. This means that people are chosen to verify transactions and add blocks to the blockchain based on how much GT they hold.
GT is also used to make payments on the system. Gate also pays people who run the computers, or nodes, that help the blockchain operate. People can also buy, sell, and trade GT on exchanges.
A certain number of GT coins are destroyed or burned regularly to keep the price of Gate up.
Gate is a little different because it is not just based on GateChain. It also operates on the Ethereum (ETH) and Solana (SOL) blockchains. However, since it is GateChain’s native token, it is fair to refer to it as a coin, even if the term Gate coin seems unwieldy.
It is difficult to tell. Although GT is at all-time high, technical indicators, suggest that a reversal may well be on the way.
As always with crypto, you should do your own research before deciding whether or not to invest in GT.
No one can really tell right now. While the Gate crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Before you decide whether or not to invest in Gate, you will have to do your own research, not only on GT, but other related coins and tokens such as Binance (BNB) or Huobi (HT). Either way, you must also ensure you never invest more money than you can afford to lose.
Technical analysis by Nikola Lazic.
If it does, it won’t be until at least the 2030s.
Remember that Gate last traded at more than $10 in May 2021.
Gate is used to reward people who verify transactions on the GateChain blockchain. It also pays people who operate computers, or nodes, on the network. GT pays GateChain transaction fees. People can also buy, sell, and trade Gate on exchanges.