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CGPT is an innovative project that has made significant strides in crypto. It has garnered substantial attention and shown immense potential, especially with recent developments and product launches. In this article, we will explore why CGPT is gaining traction, its recent advancements, and why it might be an excellent opportunity for investors at its current price levels.
CGPT is approaching 1 million followers on X, with the current count around 940,000 followers. This significant following includes some of the most influential names in the crypto world. Over the past year, particularly in the last few months, CGPT's Launchpad has successfully launched dozens of projects, many of which have performed exceptionally well.
Currently, CGPT is trading at around 22 cents per token. Despite being up 700% from its launch price, it is down approximately 50% from its market highs when Bitcoin peaked at around $74,000. This price decline, however, does not reflect the project's fundamentals, which remain strong. In fact, CGPT has been continuously developing new products, gaining more users, and increasing the number of token holders and successful project launches. These developments make the current price level an attractive entry point for investors.
One of the significant developments for CGPT is the impressive on-chain and off-chain statistics. Recently, the number of CGPT holders surpassed 55,000, with over 55,373 holders. The website has seen over 3 million visits, and the total value locked (TVL) in staking has exceeded $44 million. Additionally, more than 2 million CGPT tokens have been burnt, and their follower count on X is nearing the 1 million mark. These statistics are bullish indicators, especially considering that nearly 50% of the total market cap is staked, a positive sign for the token's stability and investor confidence.
One of the standout products launched by CGPT is the Crypto Guard. This AI-powered browser extension tool enhances web3 security by scanning transactions, blocking phishing sites, and providing various other security features. With over 10,000 users and a 5-star rating from 360 reviews, Crypto Guard has proven to be a valuable tool for users interacting with web3. It offers intelligent contract defense, risk scoring, phishing protection, and web3 antivirus features. Crypto Guard can significantly enhance security for anyone actively engaged in crypto transactions.
Another exciting development from CGPT is the AI NFT Generator. This tool has seen several updates, including new chain integrations, crypto payment options, and marketplace enhancements. The AI NFT Generator now supports BSC and ETH transactions with popular tokens like USDT, USDC, BTCE, ETH, and BNB. Users can mint and sell NFTs directly from the generator, making creating and monetizing NFTs easier. This tool's continuous improvements and the addition of new features demonstrate CGPT's commitment to innovation and user experience.
CGPT has also launched a $1 million grant program to support emerging AI and web3 projects. Recently, seven startups were selected to receive $25,000 each. These projects include Omnia Protocol, a leading RPC provider; Crypton, which is developing a web3 MMORPG; GT Protocol, which integrates AI to enhance user interactions in web3; Galaxy AI, Te IIO, Cookie 3, and Octavia Token. This grant program highlights CGPT's dedication to fostering innovation and supporting the growth of the AI and web3 ecosystem.
CGPT's community engagement and strategic partnerships further enhance its bullish outlook. Recently, CGPT sponsored a Polygon Guild event, providing an excellent opportunity to connect with developers on the Polygon network. Such initiatives demonstrate CGPT's commitment to building a robust ecosystem through collaboration and networking.
Despite the recent price decline, CGPT's fundamentals remain strong. The project has been making significant strides, as evidenced by the numerous developments and product launches. The high staking percentage, continuous innovation, and strategic partnerships make CGPT a compelling investment opportunity.
In conclusion, CGPT is a project with a solid foundation and a bright future. With a rapidly growing community, innovative products, and strategic partnerships, CGPT is well-positioned to capitalize on the expanding crypto market. The recent price decline presents an attractive entry point for investors looking to capitalize on CGPT's long-term potential. As the project continues to develop and gain traction, CGPT will likely see substantial growth, making it a worthwhile consideration for any crypto portfolio.