I invested a small amount in GMT coin today. It's up 182% this morning. The crypto, which was opened on Binance at $ 0.01, is currently at $ 0.23. Is there a future for this crypto or is it just a crypto?
Wonderful performance within 2 weeks of GMT, more than 70X above its launching price. I think soon it will go above $1 as technical charts are suggesting. and more. My only concern is to maintain its price $1 with its huge supply of 6 Billion whereas circulating supply is only 600 Million. The challenge for the team is to build its strong use it to keep its current bullish momentum in tact.
Ah so the increase was accumulated in 2 weeks? Now that is clear because I thought the coin gain was done in a day as on what op described. I almost didn't believe it but I see that the coin was born in binance exchange, that can also be the reason why it increase so much because there are lots of speculators waiting for a new coin to get released on this platform.
For the coin to maintain 1 dollar or not, should not be your problem anymore if your not investing on it but if you are investing on this coin, you better sell early if you have a doubts that the gains will not continue. That's good that op invested small amounts and he didn't got carried away seeing those massive gains.