Gateway To Mark (GTM) is an Ethereum-based non-fungible token (NFT) project that has seemingly taken over the digital collectibles market by storm. The project is inspired by Space X founder Elon Musk’s vision and commitment to colonizing Mars.
At the time of writing, GTM tokens are trading at $0.00208 – down nearly 20% in the last 24 hours.
Crypto Community Hyping Mars-Inspired Meme Token GTM
However, the token’s price dip does not seem to have hindered the community’s excitement surrounding the astronaut-themed NFT collection.
GTM holders have come out on X in support of the project, claiming that they have made massive gains from it.
One user named Marco Brignole tweeted that GTM was moving faster than other meme coins this week. “Liquidity lock & unique NFT collection got my attention”, he wrote.
Other users lauded the project saying it is the “most promising” NFT available on the Ethereum network.
Earlier this week, Gateway to Mars announced a partnership with crypto e-commerce giant Crypto Cart (CCV2). This will allow users to shop for gift cards on Crypto Cart in the so-called Mars token. The integration will also enable shopping on Amazon, Asda, and Walmart, and booking on Airbnb, across 53 countries through the Crypto Cart platform using GTM.
An X user named Fariz Rahimov tweeted that he purchased GTM the previous day and it was already up 5%. Some stakeholders that were initially skeptical about the project and its developers have been convinced by its growth.
Others say that they made easy money on GTM and it was only getting started. “Cult-like community with great devs”, commented X user Marco Riemer.
Gateway To Mars offers users with several perks, such as locked liquidity, transparency on the blockchain, strong community, and great distribution. All these factors have presumably led to GTM holders betting big on the project.
Moreover, Elon Musk and Space X followers who are into crypto are highly likely to invest in the cryptocurrency because of its space theme.
Is GTM A Legitmate Crypto Token?
GTM was even listed on CoinGecko earlier last week. Despite the hype that seems to be pushing it upwards, one look at its statistics shows you that Gateway To Mars may be a smoke bomb.
According to data by CoinGecko, the GMT network only had a trading volume of $5,094 over the past day, which is a 27% decrease from the previous day and in reality, signals a fall in market activity.
Taking a closer look at the token’s performance shows that GMT’s price has declined by 15% in the last 7 days. The NFT token is underperforming compared to other similar tokens on the Ethereum network, which are up 12.7% at the same time.
However, the token is trading over 16% higher than its all-time low price of $0.001792 which was recorded just yesterday. GMT reached its all-time high of $0.004554 on February 19, but the meme token is currently trading over 54% lower than that price.
Does GTM Have A Future?
GMT is simply a meme token inspired by Elon Musk’s vision for humanity to colonize Mars and offers NFT collections paying homage to the billionaire’s space fantasies.
The token can surely rise in value if the crypto community takes it into their hands and the partnership with CryptoCart plays out as planned.
However, how these aspects will work out in the real world needs to be seen. Until then GMT will remain a speculative asset that cannot show much proof to prove its credibility to crypto asset investors
