Trade Recommendation : Buy GVT(Genesis Vision)

Genesis Vision is the platform for the private trust management market, built on blockchain technology and smart contracts. We unite exchanges, brokers, traders, and investors into a decentralized, open and fair network, making the financial market even more global. This will allow successful traders to rapidly scale their trading strategies by attracting investments from around

Genesis Vision is the platform for the private trust management market, built on blockchain technology and smart contracts. We unite exchanges, brokers, traders, and investors into a decentralized, open and fair network, making the financial market even more global. This will allow successful traders to rapidly scale their trading strategies by attracting investments from around the world. The smart contract technology that underlies the platform will provide an automated and absolutely transparent system for investment and profit distribution. The Genesis Vision platform is the solution for the most crucial industry problems, such as limitedness due to the lack of information, lack of transparency and, consequently, lack of trust. Fundraising and the use of GVT (Genesis Vision Token) will help to finance product development, marketing and advertising for the development of the platform. GVT is an internal currency of Genesis Vision platform and will be used for all investment operations and profit distributions.

 

Coin Information

 

Market Cap: 47.08 M$

Token type: Utility

Usage of token: The Genesis Vision Token (GVT) is the main GAS used within the Genesis Vision platform. Investors will be using GVT when investing in a certain manager (when buying the manager coins within the platform exchange) and the manager profits will also be distributed in GVT.

Markets: Binance, HotBit, Kucoin

All Time Low in 2018: 0.00061 BTC

All Time High in 2018: 0.0042 BTC

All Time High:0.0042 BTC

7 Days Trading Range: 0.00167BTC – 0.00193 BTC

30 Days Trading Range: 0.0012BTC – 0.0023 BTC

Accumulation Range and period: 0.0012BTC – 0.0015 BTC (24 Sep – 5 Oct)

 

Catalyst for growth

Genesis Vision Trading platform will go live by end of the month. According to the recent announcement – “Genesis Vision managers will be able to carry out their trading on the OKEx exchange, that is overabundant in available digital assets, with their number being close to around 500.

Genesis Vision will also integrate with DEX like IDEX and Forkdelta by end of the month. They are also planning to roll out their long-awaited marketing campaign to generate demand for the platform.  All this catalyst looks solid for GVT Token growth which will work as a utility token for the Genesis vision platform. Considering the limited circulating supply of tokens, If Genesis vision gets successful to build large audience base, we could see GVT Token price reaching new HIGH Again. Overall, GVT is a fundamentally solid mid-term cryptocurrency to hold.

 

Technical Analysis

On the daily chart, We can see a number of bullish signs. Sell volume seems to be tapering off. Price and RSI seem to be bullishly diverging. Stoch RSI seems to have bottomed out, Candlestick chart could be forming a bull pennant .

Chart #1

Chart #2

Chart #3

 

Social Media Sentiments

 

 

 

 

Trade Signal

GVT/BTC

Exchange: Binance

Entry: 0.00165 BTC – 0.0018 BTC

Exit: 0.0023 – 0.0025 – 0.0028 BTC

Stop: 0.0015 BTC

 

 

 

Hayden P.

A blockchain and cryptocurrency enthusiast

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