Gnosis is a decentralized prediction platform utilizing GNO as one of its two tokens (the other being OWL). Gnosis was launched in 2017 and is based on Ethereum.
Gnosis utilizes a principle defined by prominent market theorists like Hayek. It states that markets are, above all, very effective tools for spreading information: they base their existence on encouraging participants to acquire information and share it with others by making market decisions. This leads to the continuous adjustment of market entities’ value, which allows the public to form opinions on who’s the best and most useful.
The Gnosis team’s opinion is that this principle could work well outside the “traditional” market areas. In particular, Gnosis’ focus is prediction markets, also known as information markets. Instead of buying a stake in, say, a company, a prediction market participant can buy “a stake” equal to the probability of a particular outcome of some event. The idea is that the same market forces described above will do their work, eventually letting the truest results rise to the top through the “wisdom of the crowd”. Gnosis provides the infrastructure for the developers to build dApps for various kinds of prediction markets.
GNO tokens were sold during Gnosis’ ICO and are used primarily for staking to earn the second type of token on the platform — OWL. GNO token supply decreases with time, increasing value.
GNO’s price almost reached $300 in the bull run of early 2021, peaking in early May. From mid-May until late August, GNO token price went through a slump, mostly trading in the $180–$200 range with occasional dips towards ~$135.
This changed at the end of August when the token was listed on Binance: GNO’s price has reached $422.95 on August 31. Since then, its price fell a bit, still hovering around the $300 mark. Those movements, in part, prompted good long-term Gnosis price predictions, many of which forecast significant growth in a few years’ time horizon.
Despite the fact that 100% accurate technical analysis for Gnosis cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated GNO buy-and-sell rating for selected timeframe. The summary for GNO/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Below we have collected the most reliable price projections for Gnosis (GNO) from popular forecast platforms.
According to WalletInvestor, Gnosis price will grow from $255.99 to $421.115 in one year. That makes GNO an awesome investment. The long-term earning potential is 64.50%. Predicted price for the end of 2026 is $1077.160.
Answering the question about if Gnosis is a good investment, TradingBeasts say a resounding no. In the 2021 perspective, this coin price is predicted to reach $222.295 with a growth to $245.849 by the end of 2022.
In DigitalCoin analysis, the price of Gnosis cryptocurrency will rise in the next 5 years starting from $261.604 as of today’s price to $924.7192423. It will go up to $442.4931701 by 2022 and continue its growth in 2023–2024. Based on this forecast, Gnosis is a profitable long-term investment.
As it can be clear from the analysis cited above, Gnosis (GNO) projections are rather contradictory. There is no universal consensus either about positive or negative future GNO price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Gnosis projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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