In a surprising twist, GateToken (GT) is defying the cryptocurrency market’s recent slump. While major players like Bitcoin and Ethereum are suffering losses, GT has hit a new all-time high of over $17. This rise coincides with a broader rally in exchange-pegged tokens, with Bitget Token (BGB) also posting impressive gains.
GT has seen notable growth throughout the year, with an increase of almost 200% since January. Its uptrend accelerated in November, recording a 110% increase in just two months. Yesterday’s 10 percent jump pushed the company past $17 for the first time and pushed its market cap to over $2 billion.
What drives the GT Rally?
Analysts attribute GT’s success to a combination of factors:
- Strategic steps:
Gate.io’s recent acquisition of Coin Master Co., Ltd., a Japanese crypto services provider, strengthens its presence in the Asian market. The,…
