GNO, Gnosis price prediction indicates that its short-term targets could be around $278 while its long-term targets are at $1088.
What is Gnosis (GNO)?
Gnosis (GNO) is a machine learning and AI marketplace that lets users trade AI models, algorithms, and other capabilities. It was started in 2021 and is one of the largest players among AI-based cryptocurrencies.
GNO could face a rivalry with TAO, which has also been a top performer.
Fundamental Analysis
As the AI-ML market grows, GNO could be a highly in-demand platform if it manages to keep up with the market well.
The project sits at a very sweet spot considering future growth as it is the intersection of two high-growth fields, i.e., crypto and AI.
As per expectations from different market research reports, the field is expected to witness a 42% growth rate. The network already has one of the largest validator counts after Ethereum.
Technical Analysis
After its rally to $441 earlier this year (Jan to March), GNO had consolidated for a while, and then since June, when the markets hit turbulence, its price has been in decline.
Lately, since the first week of August 2024, GNO has been again consolidating after the fall and has been stuck in the narrow price range of $161 to $181.
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Luckily, its chart patterns have shown that the crypto could initiate a rally once its price crosses $181. This scenario might soon turn into reality as GNO’s MACD is about to show a positive crossover after a short-timed negative crossover. Further, the RSI has also shown a bounce back from the level of 40, indicating a rally could be around the corner.
Also, as mentioned earlier, GNO needs to break out of the $181 range to start a rally. Until this mark is crossed, we might see sideways trading (price indecisiveness) in the cryptocurrency.
Gnosis Price Prediction
In the short term (2024-2025) GNO could manage to cross $250 to $270 levels based on the strength of the alt season and in the longer timeframe, it could manage to make a new ATH above $1088.
Gnosis Price Prediction 2024
If GNO manages to cross $181 by mid-October, we might see it rally towards $278. Further, if the alt season gets strong in the later part of this year, GNO could exceed beyond these levels.
Gnosis Price Prediction 2025
By the end of 2025, we expect a peak price of $278 during this bull rally. However, if the markets stay neutral the gains could be limited below $250.
Gnosis Price Prediction 2026
We expect a peak of $350 to $375 in 2026. By the end of the year, we might see GNO correct to $220 to $240 levels.
Gnosis Price Prediction 2027
The year 2027 might be bearish considering the 4-year crypto bull and bear cycle. We could see GNO correct to $290 if the corrections are mild or $250 if they are severe.
By the end of the year, GNO is also expected to rally as the pre-halving rally sets in crypto markets.
Gnosis Price Prediction 2028
We expect GNO to achieve a price of $500 to $600 based on the expectation of a strong marketwide rally before the Bitcoin halving event.
Another post-halving market rally and alt season could take it towards $750 to $800.
Understand why cryptocurrencies behave oddly during the Bitcoin Halving Events.
Gnosis Price Prediction 2029
A strong altcoin season could easily push GNO above $900 or close to $1000. In case of a weaker alt season, this target might fall to $900.
Gnosis Price Prediction 2030
The long-term price targets for GNO could be around $1088 levels. However, in case of strong fundamental growth (in network activity), we might see it heading towards $1250.
