Holonym foundation Acquires Gitcoin Passport

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Feb 11 2025

Should l Buy GTC?

Holonym Foundation Acquires Gitcoin Passport: The Holonym Foundation has acquired Gitcoin Passport to enhance its Proof of Humanity solution, aiming to distribute 34.5 million zero-knowledge credentials to 2 million users and significantly increase identity proofs compared to Worldcoin.
Transition to Human Passport: Gitcoin Passport will be rebranded as Human Passport, focusing on privacy and data control for Web3 users, while integrating advanced identity verification technologies to promote digital rights and secure online interactions.

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Technical Analysis for GTC

Technical Sentiment Analysis for Gitcoin (GTC). As of , Gitcoin (GTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for GTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, GTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Gitcoin (GTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0666	0.0733	0.0796	0.0863	0.0926	0.0993	0.106
Fibonacci	0.0733	0.0783	0.0813	0.0863	0.0913	0.0943	0.0993

About GTC

Gitcoin creates technologies and opportunities that empower communities to fund, build, and protect what matters.Through the Gitcoin Grants Program, there has been over $54 million distributed to early-stage builders that champion public goods initiatives in decentralized finance (DeFi), climate, open sourcing, and beyond.Core products include Gitcoin Grants Stack, the end-to-end grants management solution, Allo Protocol, an open-source funding protocol, and Gitcoin Passport, an all-encompassing decentralized identity management tool.GTC is Gitcoin’s governance token, launched in late May 2021. The token is needed for the creation and funding of the DAO that will govern Gitcoin.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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