GateToken (GT), the native token of GateChain founded by Gate.io, has entered the top 100 cryptocurrencies with a market cap exceeding $1 billion. Currently trading at $11, GT has surged by 28.3% in the last 24 hours, reaching levels last seen in May 2021. The asset holds a market cap of $1.05 billion, making it the 96th largest cryptocurrency.

The daily trading volume of GateToken has also seen a significant increase, with a 180% rally to $50 million. Data from Santiment reveals that the number of unique GT holders has surpassed 3,000 addresses for the first time since November 2022, reaching 3,427 addresses.

On the flip side, GateToken’s Relative Strength Index (RSI) has climbed from 70 to 75 in the past 24 hours, indicating an overheated asset that could see profit-taking by large holders. To maintain its bullish momentum, GT’s RSI would need to cool down below 50.

CoinMarketCap data shows that Gate.io has experienced a slight uptick in daily trading volume, nearing $3 billion. The exchange’s total assets are valued at $5.27 billion, with GT holding a significant stake of around 20%, equivalent to $1.05 billion. Bitcoin (BTC) follows as the second-largest asset in Gate.io’s portfolio, valued at $1.04 billion.

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