GSUSD Holds Steady Amidst High Trading Volume
Genesis Shards USD (GSUSD) is holding its ground at $0.00979397, all while experiencing an impressive trading volume of 57,484, far surpassing its daily average of 1,195. This static price movement amidst heightened trading activity has captured the attention of traders and market observers alike.
Current Market Activity
As of today, GSUSD remains unchanged at $0.00979397, noting a 0.0% change. This price stability comes with a market capitalization of $117,831, reflecting a calculated balance amid the substantial trading volume observed today. Despite no movement in price, the volume indicator shows a relative volume increase of 48.10 times the average, signaling significant trading interest.
Yearly Performance Overview
Despite current stability, GSUSD has demonstrated a promising 30.97% increase year-to-date and a 17.98% gain over the past year. However, it’s essential to note a long-term decline of 99.44% over five years. This rollercoaster performance illustrates the volatility inherent in the cryptocurrency market. Keep in mind, forecasts can shift dramatically due to macroeconomic shifts, regulations, or unexpected events affecting the crypto market.
Technical Analysis Insights
Technical indicators present an intriguing perspective. The Relative Strength Index (RSI) stands at 0.00, indicating no oversold or overbought conditions, while the Moving Average Convergence Divergence (MACD) sits equally at zero, showing no imminent bullish or bearish momentum. The Keltner Channels suggest the price is in a stable state with upper, middle, and lower boundaries all at $0.01. Meyka AI, known for its robust market analyses, offers additional insights on GSUSD’s potential direction, but the technicals imply a wait-and-see approach is prudent.
Price Forecasts and Expectations
Looking ahead, forecasts predict GSUSD could reach $0.0174 in a year, $0.0232 in three years, and potentially rise to $0.0352 over seven years. These projections, however, come with the usual caution: forecasts can change due to macroeconomic shifts, regulations, or unexpected events affecting the crypto market.
Final Thoughts
While GSUSD’s current price remains static, the significant trading volume highlights a keen interest among traders. Although technical indicators show neutrality, the long-term forecasts suggest potential growth. Investors should stay alert as market conditions evolve.
FAQs
The current price of GSUSD is $0.00979397, with no change reported today. You can find more details on the GSUSD page.
The trading volume of 57,484, compared to an average of 1,195, suggests heightened activity and interest in GSUSD despite price stability today. It indicates a potential shift in market sentiment.
GSUSD is forecasted to reach $0.0174 in a year, $0.0232 in three years, and $0.0352 over seven years. Forecasts can change due to macroeconomic shifts, regulations, or unexpected events.
Year-to-date, GSUSD has increased by 30.97%, marking a solid yearly performance despite past volatility and long-term declines over five years. The long-term decline highlights the crypto market’s inherent volatility.
Technical indicators like RSI at 0.00 and MACD at 0.00 suggest a neutral position with no clear bullish or bearish momentum currently discernible for GSUSD.
Disclaimer:
Cryptocurrency markets are highly volatile. This content is for informational purposes only. The Forecast Prediction Model is provided for informational purposes only and should not be considered financial advice. Meyka AI PTY LTD provides market data and sentiment analysis, not financial advice. Always do your own research and consider consulting a licensed financial advisor before making investment decisions.
