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What is Gelato (GEL)?

Gelato basic info

Name:Gelato
Ticker:
Introduction:

What is ​​Gelato (GEL)?

Gelato is a decentralized backend for Web3 that offers a range of services for developers. With Gelato, developers can create smart contracts that are automated, gasless, and off-chain compatible with major EVM-compatible blockchains like Ethereum, Polygon, Fantom, Arbitrum, BNB Chain, Optimism, and more. Gelato's four main services include Web3 Functions, Automate, Relay, and Gasless Wallet. These services enable developers to connect their smart contracts to off-chain data and computation, execute transactions automatically, provide users with reliable and scalable gasless transactions, and deliver a world-class UX. Over 200+ Web3 projects have relied on Gelato for years to power millions of transactions across DeFi, NFT, and Gaming.

How does Gelato (GEL) Work?

Their aim is to provide developers with a range of modular Web3 devops services that enable them to build decentralized and resilient protocols. To achieve this goal, Gelato Network functions as a marketplace that connects two parties: developers who want to automate transactions and infrastructure operators who operate executor bots. These bots look for tasks to complete and receive a small fee in return.

Some of the key benefits of using Gelato Network include no need to host servers on a cloud provider, multiple fallbacks for RPC aggregation, a reliable transaction relay service that ensures fast transaction mining, automatic reorg detection, multi-chain support for popular EVM-compatible networks, no single point of failure, and a built-in consensus and coordination layer that prevents racing conditions.

In addition, Gelato Network offers flexible payment options, such as paying with a prepaid balance or having transactions pay themselves. It is also cost-effective, as it is cheaper than building, running, and maintaining custom servers. Furthermore, there are economies of scale, making it more cost-effective to use for dApps than running their own centralized keeper system.

The Gelato Network is a sustainable and revenue-generating protocol. It becomes more cost-effective the more transactions are automated via the infrastructure services of Executors, as they need to be paid less per transaction to cover their fixed infrastructure costs. Executors justify the costs of running their infrastructure by the increase in transaction quantity rather than the value captured by individual transactions. This makes Gelato more affordable for dApps than running their own centralized keeper system.

What is the GEL Token?

Since its inception, Gelato was intended to be a project driven by the community and open-source. The protocol is created to be owned by those who use it the most, with decisions being made collaboratively by all stakeholders in the network. This approach is designed to ensure that power is returned to the people.

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Current price:
All-time high:$4.25
All-time low:$0.1166

GEL supply and tokenomics

Circulating supply:235,786,140 GEL
Total supply:420,690,000 GEL
Max supply:0 GEL
Market cap:$46.59M
Fully diluted market cap:$83.13M

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What is the development prospect and future value of GEL?

The market value of GEL currently stands at $46.59M, and its market ranking is #661. The value of GEL is not widely recognized by the market. When the bull market comes, the market value of GEL may have great growth potential.

As a new type of currency with innovative technology and unique use cases, GEL has broad market potential and significant room for development. The distinctiveness and appeal of GEL may attract the interest of specific groups, thereby driving up its market value.

What will the price of GEL be in 2025?
Based on GEL's historical price performance prediction model, the price of GEL is projected to reach $0.3098 in 2025.
What will the price of GEL be in 2030?
In 2030, the GEL price is expected to change by 0.00%. By the end of 2030, the GEL price is projected to reach $0.5979, with a cumulative ROI of +176.64%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of GEL and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is GEL worth investing or holding? How to buy GEL from a crypto exchange?

If you want to buy GEL, the following information may be helpful for your investment decisions:
In the last 7 days, the price of GEL has fallen by -22.68%, leading to negative returns for most GEL investors. The market is currently pessimistic about the price trend of GEL.
It is important to note that the current price of GEL has retreated by -95.35% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether GEL is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in GEL or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of GEL, if you want to buy or sell GEL, you can consider Bitget for your trading needs. The best place to buy GEL is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Gelato has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Gelato. Here's a step-by-step guide on how to buy Gelato on Bitget.

How to get Gelato through other methods?

Using cash to buy Gelato is not the only way to obtain Gelato. If you have the time to spare, you can get Gelato for free.
Learn how to earn Gelato for free through the Learn2Earn promotion.
Earn free Gelato by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Gelato airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Gelato through Bitget Convert, Bitget Swap, or spot trading.

What is Gelato used for and how to use Gelato?

The use case of Gelato may expand as the crypto market and the project itself develop. Currently, you can use GEL to achieve the following goals:
Arbitrage by trading GEL: Since GEL is a frequently traded cryptocurrency, the price of GEL is always fluctuating. Earn more GEL by buying low and selling high on the exchange. Bitget spot market provides a variety of GEL trading pairs to fully meet your needs.
Earn by staking GEL: You can also generate income through financial management methods such as staking GEL or lending GEL. Bitget Earn offers a variety of financial products designed to help you earn more income from your GEL.
Send or pay GEL: If you want to give GEL to your friends, a charity, or a fundraiser, or you want to pay someone with GEL, you can quickly and easily send GEL to the recipient through their payment address.
You can also go to the official website of the Gelato project to learn more about the use cases of GEL. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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