The cryptocurrency market is governed by its own laws, and we will briefly explain how this may be reflected in practice on the current and future price of the GEC token.
The cyclicality of the market
Market cyclicality refers to the tendency of regular increases and decreases in asset prices in the cryptocurrency market. Market cycles generally consist of three phases: growth, decline and stagnation.
For Bitcoin, the market cycle usually lasts 4 years. In the growth phase, Bitcoin prices increase, peaking at the end of the phase. Then there is a fall in prices, which can last about a year. The decline is followed by a phase of stagnation in which prices remain relatively stable. At the end of the stagnation phase, another growth phase occurs.
Similar to Bitcoin, altcoins (including GEC) are also subject to market cycles; however, these cycles tend to be shorter depending on the particular cryptocurrency. In general, altcoins tend to move in correlation with the Bitcoin price. However, their market cycles can be more intense and volatile.
Competition
There are many different cryptocurrencies and tokens on the market. The GEC token has unique features that make it stand out. The GEC token solves specific problems and meets the needs of users. The Geco.one project also has a solid technological foundation and an experienced team, bringing trust and credibility to the GEC token.
When we compare the Geco.one project and the GEC token to others created simultaneously, most of them no longer exist, and the creators abandoned their token. Unlike most cryptocurrency projects, the GEC token maintains a stable price position, and the team behind the GEC token makes constant efforts to popularise it, as exemplified by the recent competition conducted with the LATOKEN exchange and AIRDROP for new users of this exchange.
The market was also not helped by the recent events related to the LUNA project and the FTX exchange, where the total losses of users exceeded USD 50 BILLION. The market has yet to recover from these turbulences so far. However, increasing and strengthening the Bitcoin price gives hope that this situation will change soon.
Prospects
As a team, the prospects for the GEC token are promising. Looking at the growth potential of the cryptocurrency market capitalisation in the coming months and years, we expect the value of the GEC token to increase slowly. We are working on the development of the project and the Geco.one platform attracts more and more users, which should lead to increased demand for the GEC token over time.
Development plan
Our development plan has many interesting ideas to benefit our users, particularly GEC token holders. We intend to introduce new features and services that will increase the value of this cryptocurrency. We will also continue our work on expanding the ecosystem around the GEC token, which will contribute to increasing its usability.
GEC token
- Utility in the exchange system — GEC Utility token is used to reduce payments for transactions on the Geco.one exchange by purchasing a monthly Subscription. The subscription also allows access to additional services related to the exchange, such as STAKING.
- Limited supply and cyclical burning of the GEC token will lead to a systematic increase in its value, as demand for it will exceed supply.
The last burns of the GEC token took place on April 12, 2023, and 7,000,000 GEC were burned, 4.21% of the entire token pool
In total, 14,085,788 GEC have already been burned, 8.25% of the total GEC tokens.
Repeated regularly every three months, this action is one of the fundamental processes that will increase the GEC price over time.
The development strategy we are working on
Thanks to the experience gained over the years from the cryptocurrency market, we know that we must be ready with an advertising campaign promoting the cryptocurrency derivatives exchange — Geco.one and the GEC token for the period of the altcoin boom. We have a budget prepared for this, and we hope to reach as many recipients as possible at the right moment, which is crucial for the project.
What can you do?
Your help in promoting the token is very important. Each sharing of our posts on Twitter increases its reach, giving a greater chance of popularisation, so we will be very grateful for every like and sharing of our posts.
Thank you for your commitment and trust in our project. We hope the above arguments have convinced you to leave our token in your wallet for as long as possible.
