Gemini Dollar (GUSD) Price Predictions: Gemini dollar’s Commendable Stability is Harmed by Inconsistent Market Capitalization
The Gemini dollar (GUSD) is created on the Ethereum Network. The creation of the coin has been done with the philosophy of ERC20 Standards which represents the ratio of 1:1 with holdings of traditional fiat USD held at State Street Bank and Trust Company. Gemini Trust Company LLC issues it. The Gemini Dollar contracts are audited by firms with specialization on information security research & development to maintain the creditworthiness of the coin.
- Gemini dollar (GUSD) is ranked at 87 in the global crypto market.
- The ROI of this currency stands at negative 2.59 %.
- A total of 53,731,249 GUSD coins are in circulation currently.
- The current market cap as on 27th April at 03:44 UTC stands at 53,827,564 USD.
- The value of each coin stands at 1 USD and 0.00019052 BTC.
- The 24 h volume at the same UTC is 20,839,974 USD.
The starting of the year 2019 was very positive for Gemini dollar (GUSD). It has managed pretty well its motive of maintaining the value of the coin at 1 USD. But there were some instances of lilt fall. However, the most inconsistent was the market cap. It was at the highest point towards the end of January. The market cap on 27th March was 62,398,942 USD. The current market cap has gone 13.73 % down in the last 30 days.
From the data mentioned above, it is clear that the value of each Gemini Dollar changes with the value of USD. From the beginning, the coin has been playing safe and stable. But there are few exceptions as well. For a brief time, the highest ever point of 1.12 USD was achieved on February 12. We predict the coin to move with this pace further in the short term. Long term may be bullish or neutral. By the end of 2019, the value should be there at 2 USD. By the end of 2020, the value each coin will be traded at a price 10 times more than the current value.
Based on Gemini review, we predict the value in the short term is not going to be affected, so investors should stay out of the coin for a short term period. The long term and medium-term outlook seem bullish and we advise the long term investors to hold their coins for a longer period. This may give those benefits up to 5 times the current value of their investment.