GTC (Gitcoin) rose 9.21% in the last 24 hours.

Gate News Bot news, on August 21, according to CoinMarketCap, as of the time of this report, GTC (Gitcoin) is currently priced at 0.36 USD, with a rise of 9.21% in the last 24 hours, reaching a high of 0.54 USD and a low of 0.31 USD. The current market capitalization is approximately 34.9 million USD, an increase of 2.94 million USD compared to yesterday.

Gitcoin is a funding support platform for the Ethereum ecosystem. Since 2017, Gitcoin has empowered communities to build, fund, and protect what they care about through innovative funding tools and solutions. To date, Gitcoin has distributed over $67 million in funding, launched more than 270 rounds of fundraising, received 3.8 million donations, and provided funding support for over 5,000 projects. Gitcoin's mission is to empower communities to fund what they care about.

Important news about GTC recently:

1️⃣ Market sentiment warming drives GTC price rise Recently, the overall cryptocurrency market has shown a warming trend. GTC, as an important project in the Ethereum ecosystem, has benefited from the improvement in market sentiment, with a significant rise in price. In the past week, GTC experienced a single-day pump of over 30%, reflecting an increase in investor confidence in the Gitcoin project.

2️⃣ Gitcoin continues to promote community funding support The Gitcoin platform continues to play a key role in the Ethereum ecosystem, providing ongoing support for community projects through innovative funding tools and solutions. This long-term contribution and influence have become an important factor driving the rise of GTC prices.

3️⃣ Technical breakout drives increased buying pressure The GTC price recently broke through previous resistance levels, reaching a high of $0.54. This technical breakout has attracted more investor attention, leading to an increase in buying activity and further driving the price rise.

From a technical perspective, although GTC has broken through recent resistance levels, it is still necessary to pay attention to whether the resistance around $0.54 can be effectively surpassed. On the fundamental side, Gitcoin's ongoing contributions and influence within the Ethereum ecosystem provide solid support for GTC's long-term development.

This message is not intended as investment advice; investors should be aware of market volatility risks.