Gitcoin Price Prediction 2023, 2024, 2025-2030: A New Breakthrough?

August 18, 2023

Price Prediction

Sean Korbett

The crypto industry has come up with a number of projects for various use cases, including the IT industry. One of the most popular solutions is probably Gitcoin. Gitcoin is a platform where coders and developers can get paid to work on open-source software in a wide variety of programming languages. The Gitcoin platform allows users to post their own project ideas in order to crowdsource funds from generous benefactors and let programmers take benefit of Gitcoin grants. But how will the project excel in the future? Read more about Gitcoin price prediction in the new StealthEX article.

Gitcoin Overview: Empowering Digitally Native Communities

So, what is Gitcoin? Gitcoin is a blockchain-based platform for projects, independent builders, and funders to connect and work together on open-source software. Project managers can post bounties along with the specifics of the job. While software developers and graphic designers can select positions that fit their skill sets and receive payment in cryptocurrency. 

Gitcoin also helps sustain open source projects that offer meaningful values to the Web3 ecosystem through their quarterly grants which utilize Quadratic Funding, a democratic mechanism to fund public goods. Grants can be created by projects, and funders can provide funding for projects that they believe will benefit the Web3 ecosystem. Additionally, anyone can take part in hackathons sponsored by projects to win rewards and network with other participants.  Data and fundings are stored on the Ethereum blockchain, ensuring that Gitcoin is not in a position to monetize users’ data.

Gitcoin was founded by Kevin Owocki, Scott Moore, and Vivek Singh in November 2017 and joined Consensys as one of the portfolio projects. In April 2021, Gitcoin raised $11.3 million in an investment round led by Paradigm, which helped them spin out of Consensys and become more independent. Today, Gitcoin has managed to gather $28.0 million worth of funding towards open source software through its quarterly grants, bounties, hackathons, Kudos, and other products. 

Gitcoin Price History

As of June 1, 2022, GTC was changing hands at $3.03 with a market capitalisation of $43.08m. A high 24-hour trading volume of $55.28m was approximately 129% of market cap. GTC had a circulating volume of 14,198,201 out of a 100 million total supply.

On release, half of all the supply of GTC was directed to the Gitcoin DAO treasury to be governed through on-chain voting. A vesting period of two years was put in place. In addition, 15% of GTC was retroactively airdropped to existing Gitcoin users while the remaining 35% was distributed among team, investors, future employees and strategic partners of Gitcoin.

GTC is listed on Binance, Coinbase, KuCoin, Gate.io and a range of smaller centralized exchanges. The Uniswap decentralized exchange also hosts liquidity in the WETH/GTC trading pair.

Although the token has been on a downtrend since its all-time high of $29.03 on 27 November 2021 and subsequent intraday high of $15.95 in January 2022, it should be stressed that as a governance token, GTC’s primary function is not as a store of value. At the moment, its current price hovers around $1.

Gitcoin Price Chart

 GTC Price History. Source: CoinMarketCap, 18 August 2023

Gitcoin Price Prediction

GTC Crypto Price Prediction 2023

DigitalCoinPrice experts believe that Gitcoin might strengthen its position: they expect that the minimum price of Gitcoin coin might drop to $0.87 (-10%), while its maximum price, $2.13, will see the cryptocurrency rise in price by 119%.

WalletInvestor crypto experts think that Gitcoin will undoubtedly rise in price. According to their predictions, GTC coin can drop down to $3.941 (+306%) at its lowest point, which is still considerably high if compared to its current price levels. At its maximum, Gitcoin might reach $7.589 (+682%), which is a significant price increase.

PricePrediction crypto analysts don’t expect GTC price levels to change dramatically and according to their calculations, the expected maximum price of GTC will rise to $1.28 (+31%), and it may also drop to a minimum of $1.12 (+15%).

Gitcoin Price Prediction 2024

DigitalCoinPrice experts believe that in 2024, Gitcoin will continue rising in price, slowly but steadily. Based on the experts’ forecasts, Gitcoin crypto might go as high as $2.49 (+156%) per coin at its highest point. Its minimum price might go as low as $2.08 (+114%).

WalletInvestor experts believe that 2024 might bring more unexpected price leaps for GTC coin: it can reach a lowest price level of $4.958 (+411%). Its maximum price might rise significantly – $12.985 (+1,238%).

According to PricePrediction, GTC will gradually rise in price and that will definitely cost more than it does now. The website claims that the expected maximum price of Gitcoin coin at the end of 2025 will be $1.94 (+100%), and it may also drop to a minimum of $1.63 (+68%).

GTC Coin Price Prediction 2025

DigitalCoinPrice is optimistic about GTC crypto, and their analysts believe the cryptocurrency will rise in price even by very moderate predictions. Based on the experts’ forecasts, in 2025, Gitcoin might go as high as $3.54 (+264%) per coin at its highest point. Its minimum price might go as low as $2.86 (+194%).

WalletInvestor experts believe that in 2025, GTC coin will reach a price level of $3.918 (+228%). Its maximum price might be a bit higher – $21.363 (+2,102%).

PricePrediction believes that GTC will gradually rise in price and that it will definitely cost more than it does now. According to their website, the expected maximum price of Gitcoin coin at the end of 2025 will be $2.89 (+197%), and it may also drop to a minimum of $2.39 (+146%), which is undeniably higher than its current price level.

Gitcoin Price Prediction 2030

According to DigitalCoinPrice forecasts, Gitcoin crypto will be making significant progress: in 2030, the highest price GTC coin may reach is $7.25 (+647%) per coin. It can also insignificantly drop in price to a minimum of $6.54 (+574%) per coin.

PricePrediction analysts are a lot more positive about GTC crypto and believe it will reach a higher price level. According to their website, the expected maximum price of Gitcoin coin at the end of 2030 will be $18,52 (+1,809%), and it may also drop to a minimum of $15.21 (+1,468%).

TechNewsLeader analysts believe that by 2030, Gitcoin will reach its all-time high levels. According to their estimations, Gitcoin coin’s minimum price can go as low as $16.64 (+1,615%) per coin, while at its highest point it may reach $19.58 (+1,918%).

GTC USDT Price Technical Analysis   

Source: Tradingview, Data was taken on August 18

Now that we’ve seen what the future can bring for GTC crypto, let’s find out a bit more about its features.

What Is GTC Crypto?

GTC is a governance token that may be used to support public goods and developer talent in a neutral manner, as well as to gradually decentralize the Gitcoin platform via the GitcoinDAO. The project supports all ERC20 tokens in an effort to promote Ethereum as a whole.

Gitcoin’s DAO will first manage a community treasury of GTC tokens and provide a governance framework for representatives (referred to as Gitcoin Stewards) to take part in important ecosystem decisions including fund distribution, matching pools, and grant collusion.

The retroactive claim process of GTC, a fork of the COMP/UNI governance systems, includes a delegation prompt. A user can delegate their voting right to a Gitcoin steward, empowering them with them. The developers hope this flow will establish the project’s DAO ecosystem with higher voter turnout than any blockchain-based governance system in the past.

GTC Distribution. Source: Boardroom.io

Gitcoin Roadmap: More to Come

So far, Gitcoin has not only constructed its own platform, but also launched a Gitcoin iOS application. In July 2023, the platform introduced a new Layer-2 OP Chain.

Another important feature for the ecosystem that developers are working on is Gitcoin Passport. Gitcoin Passport is an identity verification application. Now people can grow personal ledgers of verifiable credentials about themselves and organizations to assess their identities to coordinate rights and responsibilities. Users collect ‘stamps’ from different authenticators around Web2 and Web3, such as Bright ID, Proof of Humanity, Twitter, and Google. Gitcoin Passport acts as an aggregator of decentralized society credentials, proving your trustworthiness without needing to collect personally identifiable information. This process transmits more Sybil resistance out to the entire ecosystem.

According to Gitcoin developers, success for this Passport is defined by a few keys areas today: 

• A Plurality of scoring mechanisms solving 80% of the use cases we encounter. 
• The size and quality of the dataset is growing (and 100% of the dataset is decentralized).
• The number of passport holders increases while the average number of stamps also increases.

In 2023, developers expert Passport’s key metrics to really start to shift towards attestations and reputation in addition to the already defined identity-focused metrics, which will take several months to complete.

Bitcoin Milestones. Source: gov.gitcoin.io

Is GTC Crypto a Good Investment?

According to most sources, Gitcoin can be a profitable investment.

What Is the Gitcoin (GTC) Price Today?

Gitcoin (GTC) price today is $0.87. Please keep in mind that all cryptocurrencies are highly volatile and their price constantly changes.

How High Can Gitcoin Go?

Gitcoin has demonstrated exponential growth and it also has a solid foundation, so $40 can be an easy target for the project to reach until 2030, while later on its price can also exceed $100 and even more.

Will Gitcoin Reach $5?

GTC has the potential to reach $5 within the next few years, depending on the market. GTC could profit from the upward trend until 2025 if it reaches $5.12.

Will GTC Crypto Reach $10?

According to most predictions, it will.

Will GTC Coin Reach $100?

It’s difficult to provide accurate cryptocurrency forecasts, however, GTC coin can go as high as $100 by 2030.

Will Gitcoin Reach $1,000?

Gitcoin may be able to reach $1,000, however, the adoption must be huge, and the cryptocurrency should be in high demand.

What Affects the Price of Gitcoin?

The cost may increase due to scarcity. The GTC exchange rate might fluctuate together with or in reaction to shifts in the overall economy. For instance, despite the COVID-19 pandemic hurting economies all across the world, numerous cryptocurrencies achieved tremendous increases in 2020.

How to Buy GTC Coin?

StealthEX is here to help you buy Gitcoin if you’re looking for a way to invest in this cryptocurrency. You can swap GTC privately and without the need to sign up for the service. Our crypto collection has more than 1,300 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

Just go to StealthEX, choose the amount and cryptocurrencies you want to swap, click Start Exchange, and get GTC coin to your wallet! Here is a quick guide on how to buy GTC effortlessly.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.