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 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.
<h2>Coin Information</h2>
<strong>Market Cap: </strong>47.08 M$
<strong>Token type:</strong> Utility
<strong>Usage of token: </strong>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.
<strong>Markets: </strong>Binance, HotBit, Kucoin
<strong>All Time Low in 2018: </strong>0.00061 BTC
<strong>All Time High in 2018: </strong>0.0042 BTC
<strong>All Time High:</strong>0.0042 BTC
<strong>7 Days Trading Range: </strong>0.00167BTC – 0.00193 BTC
<strong>30 Days Trading Range: </strong>0.0012BTC – 0.0023 BTC
<b>Accumulation Range and period: </b>0.0012BTC – 0.0015 BTC (24 Sep – 5 Oct)
<h2><strong>Catalyst for growth</strong></h2>
Genesis Vision Trading platform will go live by end of the month. According to the recent <a href=”https://blog.genesis.vision/genesis-vision-announces-its-partnership-with-okex-a37f9838b160?gi=2b11cbd51a71″ target=”_blank” rel=”noopener”>announcement</a> – “<strong class=”markup–strong markup–p-strong”>Genesis Vision managers will be able to carry out their trading on the OKEx exchange</strong>, 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.
<h2>Technical Analysis</h2>
On the <span class=”tv-chart-view__tag-page-link”>daily chart</span>, We can see a number of <span class=”tv-chart-view__tag-page-link”>bullish</span> signs. Sell <span class=”tv-chart-view__tag-page-link”>volume</span> seems to be tapering off. Price and <span class=”tv-chart-view__tag-page-link”>RSI</span> seem to be bullishly diverging. <a href=”https://www.tradingview.com/ideas/stochasticrsi/”><span class=”tv-chart-view__tag-page-link”>Stoch RSI</span></a> seems to have bottomed out, <a href=”https://www.tradingview.com/ideas/candlestick/”><span class=”tv-chart-view__tag-page-link”>Candlestick</span></a> chart could be forming a <a href=”https://www.tradingview.com/ideas/bullishpennant/”><span class=”tv-chart-view__tag-page-link”>bull pennant</span></a> .
<strong><a href=”https://www.tradingview.com/chart/GVTBTC/dHetsu9e-GVT-Mid-Term/” target=”_blank” rel=”noopener”>Chart #1</a></strong>
<strong><a href=”https://www.tradingview.com/chart/GVTBTC/EJlzktgM-GVT-short-term/” target=”_blank” rel=”noopener”>Chart #2</a></strong>
<strong><a href=”https://www.tradingview.com/chart/GVTBTC/ByFoYEkG-Genesis-Vision-GVT-Daily-Movement-Prediction-10-8-2018/” target=”_blank” rel=”noopener”>Chart #3</a></strong>
<h2><strong>Social Media Sentiments</strong></h2>
$GVT UPDATE: GAPS are starting to come down and get filled. I cannot wait to pick me up a large holding of the project. I see the potential that this coin has for some nice trades. pic.twitter.com/01x98zU07b
— Bleeding Crypto (@Bleeding_Crypto) October 11, 2018
Some of the cleanest, most organic PA & volume flow i have seen since capitulation. $GVT is truly painting yet another masterpiece here. Expanding, healthy retraces, systematic resistance destruction. What a champ. pic.twitter.com/PTyUs4RZHO
— exZi (@exZi_SA) October 8, 2018
You want some reasons why im bullish on $GVT ?
Here you go:#GenesisVision Q4 2018 to 2019 ?https://t.co/edoU9hLKBJ
— elCryptoNerd (@elCryptoNerd) October 8, 2018
<h2>Trade Signal</h2>
<strong>GVT/BTC</strong>
<strong>Exchange:</strong> <a href=”https://www.binance.com/en/trade/GVT_BTC” target=”_blank” rel=”noopener”>Binance</a>
<strong>Entry:</strong> 0.00165 BTC – 0.0018 BTC
<strong>Exit:</strong> 0.0023 – 0.0025 – 0.0028 BTC
<strong>Stop:</strong> 0.0015 BTC
<h4>Must Read <a href=”https://itsblockchain.com/trade-recommendation-buy-siacoin/” target=”_blank” rel=”noopener”>Trade Recommendation : Buy Siacoin</a></h4>
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Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
