Gate Token :
Gate token, gate was obviously an exchange, but they built their own chain.
The gate chain has started to grow well, trying to effectively do something quite similar to binance BNB, and I think there is potential, for it to work very well, in addition to the fact that they are building their own stuff, and their own chain.
We see that the exchange tokens are working very well, so we will look at what this can hit in the bll cycle before I jump into it.
So gate chain, is a public blockchain that facilitates asset transfers, and claims to be dedicated to asset security.
The gate token, it is mainly used to pay transaction fees, but users can also put it into play, to validate transactions and secure the network, in exchange for rewards.
Gate chain offers an on-chain wallet, so that users can manage their digital assets directly on the network itself, eliminating the need for a third-party wallet, it is also fully integrated with the ethereum virtual machine, which facilitates the deployment of Ethereum-based smart contracts on the platform.
The company is based in Zurich, and was founded by Thomas Koffler and someone else, and vilos I’m not too bad, so gate chain boasts a blocking time of 4 seconds, can reach up to 2,745 transactions per second, it’s absolutely great in terms of cost too, you’re talking about you know a hundredth of a cent, and again, developers can create and deploy whenever they want, it’s really simple.
The growth that they have had, has been damn good too, it is a proof of stake crypto, so we have a stake, the gate token become validators responsible for the security of the network, and are paid in the gate token.
Now, when you also check the gate chain, you can actually see that the ecosystem is starting to develop, so as you can see, challenge the wise triple fi emys swap DRX, and trust the wise fi nft, you have flat pyramid and VII, wise market infrastructure, decent amount multi chain obviously being a good mirror, metaverse metam wise and lass meta, which is a game to win a metaverse poker game.
And then some social fire stuff, which is starting to appear too so it’s really starting to grow well, you know they haven’t been up and running for so long.
They also have a hippo exchange, I think I mentioned the hipper exchange, so the hippers exchange as you can see the gateway to the world of defi, where you can exchange the farm, etc.
They also have their gate bridge, so it’s an easy way for people to link assets, through several different chains, they also have a subsidy system, which you would expect.
Because in fact, the Exchange is doing a crazy good volume, and one thing that’s going to happen is that people are going to be exposed to the door token, every time they use the door, the door exchange and the gate exchange kills it two billion dollars of volume a day 2 billion dollars of volume a day, that’s damn good.
I don’t know if gate to be fair offers derivatives, we’ll take a quick look, I imagine they do because everywhere knows well, and another point.
So basically, they’re doing $4 billion in volume a day, $4 billion in trading volume a day and that’s only going to increase over time, the fact is that when the bull cycle, when the bull cycles are at full flow, you know we’re seeing a lot of new people entering the market, they’re using centralized exchanges as one more first point of call.
The trading volume, skyrockets as things start to increase, you have day traders, who are trading in and out and the coin they are going to be most exposed to on gate.io , is going to be the gate token, and we are seeing a buy s and we will see a buy search for it, especially from new retail investors, they are getting 3.9 million weekly visits from it.
They have tons of markets, more than practically anyone else, I think it’s a really strong exchange, it’s used a lot by a lot of people, and they add that they add that the gate chain, has 100 to 100 thousand dollars in research and development funds, to support any creative idea that they like again, huge potential development, which is going to come from gate chain.
Remember a lot of transactions per second, and really very cheap, obviously working with a number of different polygon partners near algorand, and then they obviously have VCS who are involved in the future, looks pretty good for that and also don’t forget that when we look at C coins exchange tokens, Co coin token used to be C coins shares.
The first bll cycle, was up about 20 dollars, the second bll cycle was up 28 8 880, you see that these exchange tokens are reaching new heights, because they are only gaining new members as the crypto market grows as the adoption of crypto, increases as more and more investors arrive.
The exchange is going to get better and better, the exchange tokens or the tokens that are very familiar with the exchanges, are the ones that are going to hit as well, and gate right now is trading up to 730 million, but the actual exchange is making $4 billion a day.
The ecosystem like the money, which can be used for subsidies, only from gate’s trading fees are huge and this coin at the moment has no market capitalization, reflecting what it should be.
In fact, I think she should be able to reach about 4 billion market capitalization to do it, what does she have to get essentially about 40 dollars, because keep in mind that if she gets 4 billion market capitalization, she probably makes 10 billion, plus the trading volume per day is minimum so this for me.
This is the one that could easily reach around 40 dollars, because again, one thing that we always see is that the exchange tokens are doing well, especially at the end of the bullish cycle, as people are slowly starting to switch to the exchange tokens, from the coins they hold maybe the gains have disappeared.
Conclusion :
You see retail investors, who flock to the market and the first token they buy is the closest token they see the most, which is usually an exchange token yeah I think it’s going to pump, I think it’s going to do very well 40 dollars, seems a really very fair target which is literally, just the volume of trading it’s doing per day at the moment, the potential is huge, I don’t think it’s a place to sleep, I think they could do very very well as long as there is no hacking exploit.
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