Every business tries to offer as much as it can to its customers. The same is for every cryptocurrency. Although most are not businesses, different cryptocurrencies and tokens concentrate most of their energy on the community. Memecoins tend to do this the most since they are often built by the community.
The cryptocurrency market has always been critiqued by governments and corporations. However, though, the driving force behind this market is the communities that it built. These communities are responsible for this market becoming the fastest growing market in history.
The whole cryptocurrency community has begun creating its own slang. Words such as GM, WAGMI, and FOMO are all part of the crypto slang. Gm is short for greeting somebody good morning. Crypto enthusiasts use this to greet each other no matter the time because they claim that it will always be morning in Web 3.0. Then we have WAGMI which is short for “We All Gonna Make It.” Then we have more sophisticated terms such as FOMO which stands for “Fear Of Missing Out.”
The ever-growing usage of this slang has led to the creation of different tokens inspired by them. One such token is GM Wagmi.
GM Wagmi (GM) Fundamental Analysis
So, what is GM Wagmi? Well, GM Wagmi is a DeFi token that was built for its community. Moreover, this project operates on the Ethereum network. The community of this token claims that the creation of such a token was inspired by a tweet of the Co-Founder of Solana, Raj Gokal. In November 2021, Raj simply said “gm” with an emoji. This allegedly led to GM Wagmi joining the market.
gm 🤙
— Raj Gokal (@rajgokal) November 12, 2021
The “gm” greeting is being used more and more each day. Moreover, Wagmi is also getting recognition. Recently, even the hip-hop artist known as Future mentioned it in a tweet.
WAGMI pic.twitter.com/INvwUeMw9W
— FUTURE/FREEBANDZ (@1future) November 28, 2021
According to their website, “gm” stands for how we greet each other daily. This does not simply stand for “good morning” but rather something that is deeper. They consider “gm” to have initiated a global movement of being kind to one another no matter what gender or race we belong to. Until today, more than 14,000 people have bought $GM.
The team of GM Wagmi claims that this cryptocurrency project is community-driven. Through the GM Decentralized Autonomous Organization (DAO), its team wants to increase the level of influence that GM Wagmi’s community has over the project. This DAO aims to shift the power of governance from specific people to the community. $GM holders (HODLer) will be able to make proposals that can be voted by other $GM holders. This increases the level of decentralization which is considered a good thing in the crypto space.
GM Wagmi (GM) Tokenomics
GM Wagmi’s ticker is $GM. Because the project operates on the Ethereum network, this token is an ERC-20 token. The initial supply of $GM was 1 trillion, however, because of its burn mechanism, only around 469 billion $GM tokens are in circulation today. On each transaction, 1% of the $GM sent or received undergoes burning. Furthermore, 50% of the supply was burned at launch. The combination of these methods of burning is known for having a positive influence on market performance.
GM Wagmi (GM) Price Analysis
According to CoinMarketCap, GM Wagmi had a price of $0.00019 at the time of its launch. Immediately after its launch, the token entered an uptrend. On the 11th of November 2021, one GM was trading at a price of $0.00040. Moving on, the token spiked on the 12th of November 2021 when it set a new all-time high after reaching a trading value of $0.00094. On the same day, GM Wagmi fell as low as $0.00059. However, though, this token skyrocketed once again. Although it did not surpass its all-time high, GM managed to reach a price of $0.00083 on the 13th of November.
Only some days after it set its current all-time high, GM dipped. On the 16th of November, GM was trading at $0.00028. Just when people thought everything was done for, the token began yet another uptrend. By the 18th of November, GM had reached a trading value of $0.00071 once again. That was the highest it got though. By the end of November, this token hit a trading value of $0.00029.
Rank: 2498
In early December, GM Wagmi set a new all-time low after dipping to $0.00015. Its price has been recovering ever since. At the time of writing, GM Wagmi has a price of $0.00019 and a trading volume of $8.76 million.
GM Wagmi (GM) Market Price Prediction
Since GM Wagmi has not been around for a long time, only a few websites and Youtubers have come up with a price prediction for it.
Price Prediction
One of the youngest crypto price prediction websites is Price Prediction. This website continuously presents price predictions for new cryptocurrencies and tokens. When it comes to GM Wagmi, their price forecast is relatively bullish. According to their forecast, GM Wagmi could reach a trading value of $0.00037 by the end of 2022. In 2023, GM Wagmi is likely to surpass the price of $0.00054. When it comes to the long term, their prediction shows GM Wagmi with a possible price of $0.001 by 2025. Moreover, they claim that GM Wagmi could be trading at $0.008 by the end of 2030.
Hamzeh Alasfar
In one of his recent videos, Hamzeh Alasfar, a cryptocurrency Youtuber, covered GM Wagmi and even compared it to Shiba Inu. Throughout his video, he goes through all the achievements GM Wagmi made during its first week in the market. He especially emphasizes the fact that GM Wagmi achieved a market capitalization of more than $100 million, a listing in 3 centralized exchanges such as HotBit, and a listing on both CoinMarketCap and CoinGecko in only 36 hours. He believes that GM Wagmi is likely to get on the Top 100 cryptocurrencies list in no time. Additionally, he says that GM Wagmi could overtake the market capitalization of Shiba Inu during the upcoming years. This would leave $GM with a price of $0.027.
We at Crypto Academy also believe that the future is bright for GM Wagmi. After carefully researching the market around this cryptocurrency token, we came up with a price forecast.
GM Wagmi (GM) Price Prediction 2022
From the day when it launched, GM Wagmi has achieved a lot. This means that the year 2021 was positive for GM Wagmi. However, though, this does not mean that this is all this token has to offer. GM Wagmi is just getting started… literally. Since it has a low market capitalization, GM Wagmi still has a lot of room to grow. Our forecast shows GM Wagmi could potentially reach a yearly high of $0.0015 in early 2022. Yet, the token may lose some of its value during the 3rd and 4th quarters of 2022. This could result in the token ending the year with a trading value of $0.00093.
GM Wagmi (GM) Price Prediction 2023
As for 2023, the beginning of this year could be really slow for GM Wagmi. During the 1st and 2nd quarters of 2023, this token could continue to lose value. By mid-2023, this token might be left with a trading value of $0.00081. Nevertheless, GM Wagmi is likely to use the third quarter of 2023 to recover and get back on its feet. If GM Wagmi successfully surpasses the price of $0.00095 during the 4th quarter of 2023, it could become bullish. This may lead to GM Wagmi setting a new all-time high and ending the year with a price of $0.0018.
GM Wagmi (GM) Price Prediction 2024
Unlike 2023, the year 2024 is likely to be way more bullish. This is mainly because the Bitcoin halving event is scheduled to happen in 2024. This event happens every four years. The most interesting thing about this event is that it often initiates a bull market. Nevertheless, we suspect that the first half of 2024 could be bearish despite the event happening. As the end of 2024 approaches, the whole market might become extremely bullish. When it comes to GM Wagmi, this token could end the year with a price of $0.005.
GM Wagmi (GM) Price Prediction 2025
The bull run of 2024 could during 2025 as well. Just as for the whole cryptocurrency market, the year 2025 might be very fruitful. As cryptocurrencies and tokens are being massively adopted by individuals, corporations, and governments, more and more money is flowing into them. Since GM Wagmi aims to become a global movement, they could grow extremely until 2025. We believe that GM Wagmi is likely to set a new all-time high sometime during the end of 2025. Moreover, our forecast shows GM Wagmi ending the year with a trading value between $0.008-$0.01.
GM Wagmi (GM) Price Prediction 2026
Until 2026, we believe that the cryptocurrency market will achieve mass adoption. This would mean more money being poured into the market. Consequently, the more its market capitalization grows, the more money is needed to affect prices. This means that the volatility of this market could decrease as its value grows. Therefore, by the end of 2026, GM Wagmi could reach a trading value between $0.011-$0.013. Although this token has potential, it currently has no actual use cases. This limits its growth potential. So, when it comes to reaching $1, it isn’t impossible but rather highly unlikely.
How to Buy GM Wagmi (GM)?
Buying GM Wagmi is relatively easy. You can buy this token from both decentralized and centralized exchanges. However, we suggest you use a centralized exchange if you are not familiar with using decentralized exchanges.
Step 1: Create an Exchange Account
The first step towards purchasing GM Wagmi is creating an exchange account on an exchange that supports this token. We suggest you either use Gate.io or BitMart because of their confidence level and liquidity. For this example, we will be using BitMart. Creating an account on BitMart is simple since it does not require you to complete a Know-Your-Customer form. All you have to do is enter your name, set a password, provide your email or phone number, and you are ready to go.
Step 2: Fund Your Account
The second step is to fund your exchange account. Different cryptocurrency exchanges offer different payment methods, however, most of them support debit/credit cards, direct bank deposits, and Paypal. Similar to the first step, funding your BitMart account is easy. At the time of writing, you can fund your BitMart account using Paypal, Apple Pay, or Visa/Mastercard debit/credit card.
Step 3: Buy GM
Now that you have funded your account, you are all set to buy GM. To do so, you must go to “Markets” and find a market pair that includes GM. We suggest you use the GM/USDT market pair. After you find this market pair, simply enter the amount of GM you can afford to purchase and click on “Buy GM”.
FAQ
Is GM Wagmi (GM) a good investment?
Yes. Unlike many tokens such as GM Wagmi, this token has a bright future. Although it is not certain what will happen to it, this token has all it needs to reach the top. Moreover, this token is being built on a community that already exists. This decreases the chances of it failing miserably and increases the chances of it being successful.
Will GM Wagmi (GM) reach $1 cent?
Probably. GM Wagmi is still a low-cap token and has a lot of room to grow before it reaches its true potential. Moreover, this token has all the elements to attract influencers such as Elon Musk that like to engage with the crypto community. After considering all the important factors, we believe that GM Wagmi could reach $1 cent by 2025-2026. Whether it will reach $1 is uncertain, however.
Where to buy GM Wagmi (GM)?
There are several exchanges that support GM Wagmi. At the time of writing, you can purchase GM Wagmi from Gate.io, Uniswap, Bybit, OKEx, LBank, MEXC, XT.COM, BKEX, BitMart, Bibox, Hoo, Hotbit, Bitget, 0x Protocol, BigONE, ZT Exchange, Bitrue. If the team behind the token shows that they are dedicated to the project, GM could have a chance of getting the attention of Binance and Coinbase.
Also Read:
Cryptocurrency and Metaverse – What is the Connection Between Cryptocurrencies and Metaverse?
Elon Musk – The Business Tycoon and His Relationship with Crypto
Sandbox Price Prediction 2022 and Beyond – Will SAND Reach $100?
Takeaways
- Cryptocurrency enthusiasts have come up with crypto slang. Words like GM and WAGMI are part of this slang.
- GM simply stands for Good Morning while WAGMI stands for “We All Going to Make It”
- GM Wagmi is a token that is inspired by crypto slang.
- This cryptocurrency token came into existence after some tweets by influential people saying “gm”.
- This token has a max supply of 1 trillion, however, only 469 billion are in circulation since the rest has been burned.
- Until 2026, GM Wagmi could surpass the $0.01 milestone and reach a trading value of $0.013.
- All in all, investing in GM Wagmi could result in huge profits sometime in the future.