What is the price of GUN? How to trade GUN Token?

According to Gate.io market data, the current price of the GUN token is $0.0765, with a 24-hour decline of -28.06%. GUN currently has a circulating market value of $46 million, ranking 506th in the overall market. The current circulating supply of GUN is only about 6%, with a total market value of $770 million, ranking 3rd among all Gamefi projects.

GUNZ is a Layer 1 blockchain ecosystem developed by Gunzilla Games, focused on integrating AAA games with Web3 technology, allowing players to truly own game assets (NFTs). The ecosystem is based on the Avalanche subnet, characterized by efficiency and environmental friendliness, and supports two core games: “Off The Grid (OTG),” a cyberpunk-style battle royale game that combines PvP/PvE gameplay with NFT trading; and “Technocore,” a mobile drone combat game where players can earn NFTs in-game.

As the first AAA-level blockchain gaming platform, GUNZ adopts an innovative “Play-to-Own” model, allowing but not forcing the use of NFTs, ensuring players have the freedom of choice. At the same time, its Avalanche subnet technology significantly reduces energy consumption, being 99.9995% more energy-efficient than traditional PoW networks, achieving high efficiency and environmental protection. In addition, GUNZ provides an SDK that supports third-party developers in integrating blockchain features to build an open ecosystem. The platform is free to play, NFT trading is optional, and it is equipped with the GUNZ wallet to simplify user operations and enhance the player experience.

On the team side, Gunzilla Games was founded by Vlad Korolov (CEO) and Alexander Zoll (CSO), with core members coming from top game companies such as Ubisoft, EA, Blizzard, and THQ. Director of “District 9” Neill Blomkamp serves as Chief Creative Officer, while “Altered Carbon” author Richard K. Morgan is responsible for story design, and former CryEngine technical director Timur Davidenko leads the technical development.

GUNZ has raised more than $100 million in funding, including a $46 million seed round in 2022, with major investors including Republic Capital, Griffin Gaming Partners, Animoca Brands (developer of The Sandbox) and Avalanche (Ava Labs) Wait.

GUN Market Analysis

Current Market Overview

• Latest price: 0.07652 USDT
• 24h Highest Price: 0.11613 USDT
• 24-hour lowest price: 0.07093 USDT
• 24-hour price change: -28.06%
• 24-hour trading volume: 929,310,009 GUN
• 24-hour net outflow: -7,963,608 USDT

support and resistance levels

• Support level: 0.05638 USDT
• Resistance level: 0.09096 USDT

Technical Indicator Analysis

• Bearish signal: The RSI indicator shows overbought conditions, suggesting a bearish outlook in the short term.

Trading Strategy Recommendations

Strategy One: Short-term Bearish Strategy

• Direction: Bearish
• Entry Price: 0.0765 USDT (current price)
• Stop loss price: 0.0800 USDT (resistance level above the current price)
• Target Price: 0.0564 USDT (Support Level)
• Rationale: The current market is showing overbought signals and outflows are greater than inflows, indicating that the market sentiment is bearish. A pullback to support is likely in the short term.

Strategy 2: Rebound Trading Strategy

• Direction: Bullish
• Entry price: 0.0709 USDT (24-hour low price)
• Stop loss price: 0.0560 USDT (below support level)
• Target price: 0.0900 USDT (close to resistance level)
• Reason: If the price rebounds near the support level, it may attract buying interest, leading to a short-term rebound. This strategy is suitable for investors with a higher risk tolerance.

GUN Future Outlook

GUN, as the core token of the GUNZ ecosystem, occupies an important position in the GameFi sector due to its deep integration of AAA-level gaming and Web3 technology. Despite the current market volatility and a significant price correction in the short term, GUN’s fully diluted market cap still reaches 770 million USD, ranking 3rd among GameFi projects, demonstrating strong long-term potential.

With the official launch of blockbuster games, the GUNZ ecosystem is expected to attract more traditional gamers to enter the Web3 space and drive the growth of token demand. In addition, GUNZ provides SDKs to allow more developers to join its ecosystem and further expand application scenarios. As market sentiment picks up and the ecosystem improves, GUN prices are expected to recover, and long-term investors can pay attention to key support levels and ecological development dynamics to find the best layout opportunities.

Author: Icing, Gate.io researcher *This article only represents the author’s views and does not constitute any trading advice. Investment carries risks, and users should make cautious decisions. *This content is original and the copyright belongs to Gate.io. If you need to reprint it, please indicate the author and source, otherwise legal responsibility will be pursued.