Deep Dive
1. Ecosystem Momentum (Bullish Impact)
Overview: Gravity’s team announced performance benchmarks for Gravity Reth, a fork of Ethereum’s Reth client achieving 41,000 TPS (Gravity). Coupled with Alpha Mainnet processing 500M+ transactions, this signals technical credibility.
What this means: High-throughput EVM execution layers attract developers building scalable dApps, which could increase G’s utility demand. The 16.89% volume spike to $4.15M aligns with this narrative.
What to look out for: Adoption metrics for Gravity Reth and new partnerships post-upgrade.
2. Social Reward Campaigns (Mixed Impact)
Overview: Galxe Starboard, a community engagement platform, pledged $100K in G tokens to top contributors (billionscyber), creating short-term speculative interest.
What this means: While rewards incentivize participation, G’s price remains 87.5% below its 2024 ATH. Concentrated holdings (top 5 wallets control 71.56% of supply) raise volatility risks if large holders sell into rallies.
Key threshold: Monitor whether the $0.0053778 Fibonacci 23.6% resistance holds.
3. Technical Rebound (Neutral/Bullish)
Overview: G reclaimed its 30-day SMA ($0.004589) and shows a bullish MACD crossover. The RSI at 51.4 suggests room for upside before overbought conditions.
What this means: Traders may interpret the break above $0.0048 as a momentum signal, though the 200-day SMA at $0.0089 remains distant resistance. The 24h rally coincided with a 36.95% surge in total crypto spot volume, indicating broader risk-on flows.
Conclusion
Gravity’s 24h gain reflects a blend of technical recovery, ecosystem progress, and reward-driven speculation. However, its -83% yearly performance and concentrated supply warrant caution.
Key watch: Can G sustain above $0.005 (61.8% Fibonacci level) if Bitcoin dominance holds at 58.6%?