An EVM blockchain operated by the GnosisDAO, the Gnosis chain. Fast transaction speeds and low transaction costs are both features of the Gnosis chain, which uses the xDAI stablecoin for transaction and gas fees. The GnosisDAO develops decentralized infrastructure for the Ethereum ecosystem as a whole as well as for the Gnosis chain.
History
As a unit of ConsenSys, an Ethereum venture production studio, Gnosis was established in 2015. It became an independent business in April 2017 and is now located in Gibraltar with a workforce of more than 60 people throughout the world, including a development hub in Berlin. The company’s focus is on developing decentralized infrastructure for the Ethereum ecosystem via experimentation.
When Gnosis originally started, it concentrated on creating prediction markets to provide everyone access to reliable information. However, the business had to create the required infrastructure in order to support this platform.
By using the products it develops, Gnosis, a DAO, publicly directs choices regarding the growth, support, and governance of its ecosystem. Gnosis Safe (multisig and programmable account), Cow Protocol (formerly CowSwap and Gnosis Protocol), Conditional Tokens (prediction markets), Gnosis Auction, and Zodiac (standard and tools for composable DAOs) are some of the technologies the company has incubated.
Price
Today’s Gnosis price is $ 117.94, with a $3.47 million 24-hour trading volume, a $ 305.42 million market cap, and a market domination of 0.02%. In the last day, the price of GNO rose by 1.71%.
The all-time high price for Gnosis was set on November 8, 2021, when it traded at $644.58, while the all-time low price for Gnosis was obtained on March 13, 2020, when it traded at $7.22. Since its ATH, the price dropped to $ 77.08 (cycle low). Since the last cycle low, the highest GNO price was $ 137.73 (cycle high).
Highlights
- above the 200-day simple moving average trading
- 30 days ago, there were 16 green days, or 53%.
- Binance trading
- 0.39% annually is the inflation rate.
Analysis
Gnosis now has a supply in circulation of 2,589,588 with a market value of $305,945,460.
The cost of Gnosis has gone up by 1.22% in the last 24 hours. Over the past week, Gnosis has risen steadily, gaining 4.18%. Investors in Gnosis are thrilled with this growth and their return on investment this week.
GNO’s price climbed by 9.19% during the past 30 days, adding $9.98 to its prior price of $108.59 and raising the market capitalization to $305,945,460. If you’re considering purchasing Gnosis right now, you should hold off until the next down market. Gnosis’s cost has decreased by 2.41% during the past three months, removing $2.93.
Daily Chart
Average Movement
- The 50 day moving average is now sloping down and below the current Gnosis price, which might work as a support the next time it interacts with it. Gnosis is currently trending negative on the 1 day time frame.
- The 200-day moving average for Gnosis has been rising upward since 6/17/2023, indicating a strong trend.
- In the event that price interacts with the 200 daily moving average again, it may be utilized as a support to maintain the trend as it is now below the price.
RSI
- The RSI is currently in the neutral 30-70 range, indicating a neutral trend in the price and the ability of the price to maintain the RSI in that position for some time.
- No bullish or bearish divergence has shown during the previous 14 candles, thus there is no indication that the price will soon reverse from its present levels.
Weekly Chart
Average Movement
- With the 50 day moving average now sloping down and below the current Gnosis price, which might serve as a support the following time it interacts with it, Gnosis is currently trending negative on a weekly time frame.
Index of Relative Strength
- The RSI is currently in the neutral 30-70 range, indicating a neutral trend in the price and the ability of the price to maintain the RSI in that position for some time.
MACD
- There is neither a bullish divergence nor a bearish one on the histogram side. There is no indication for the histogram if there is no divergence of the bearish or bullish signals.
Prediction
Our most recent price forecast for Gnosis indicates that it will cost $ 111.97 by July 22, 2023, a decrease of -3.96%. Our technical indicators indicate that the current mood is Neutral, and the Fear & Greed Index is now at 54 (Neutral). In the previous 30 days, Gnosis saw 2.93% price volatility and 16/30 (53%) green days. Our Gnosis prediction indicates that this is a favorable moment to purchase Gnosis.
Price forecast for gnosis in 2025
The range of the Gnosis price forecast for 2025 is now between $ 170.52 and $ 519.87. If GNO achieves the higher price objective, Gnosis might see a gain of 341.06% by 2025 in comparison to the current price.
