Gnosis (GNO) is a decentralized prediction market founded in 2015 and based on the Ethereum platform. Third-party developers will be able to launch their own services as well.
Individuals will be able to construct prediction markets for events, allowing users to buy shares of projected occurrences, using user forecasts to aggregate information about future events.
Gnosis (GNO) and OWL are the two tokens used by the platform. GNO tokens are ERC-20 tokens that the team sold during its initial coin offering (ICO). Staking it earns you OWL tokens. The amount of OWL received is determined on the length of the lock period and the market’s total supply of OWL tokens.
Martin Köppelmann (CEO), Stefan George (CTO), and Dr. Friederike Ernst lead the team.
Price Movement Gnosis
According to coinmarketcap, the total supply of GNO is around 10M GNO and all of them around 1.86M of the coins are in circulation at the moment. It holds the 93rd rank according to market cap and has a market dominance of 0.05%.
At the time of writing, GNO is being traded at the price of $533.92 with an increase of almost 29% in the last 24 hours. The maximum and minimum today are $562.06 and $431.85 respectively. The daily trading volume has increased by almost 7456%. GNO had created its ATH in November 2021 and reached a price of almost $655. On the weekly time frame, we can see that overall the price of the coin is moving for higher highs. In November and December, we have seen a massive increase in the price of the coin as well as this week.
Price Prediction – GNOSIS (GNO)
It is a good investment and is going to provide good returns. Wallet investor considers GNO to be a really good investment as well. According to them, in a year the price is expected to reach a value of $787.640. This means that according to them, it is a good investment. Traders are also very bullish on the price and think that it wouldn’t be long before GNO moves up to create a new ATH.
