ZK identity project Holonym acquires Gitcoin Passport for $10M

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Feb 10 2025

GTC-3.03%

BTC-2.332%

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Holonym's Acquisition of Gitcoin Passport: Holonym Foundation has acquired Gitcoin Passport for $10 million to enhance its decentralized identity tools, rebranding it as Human Passport, which will integrate proof-of-humanity systems and ZK technology to improve user privacy and security.
Expansion and Competition in Digital Identity: The acquisition signifies increasing competition in the digital identity sector, with Holonym aiming to combine various verification methods and develop wallet solutions, positioning itself strongly against rivals like World and Humanity Protocol.

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Technical Analysis for GTC

Technical Sentiment Analysis for Gitcoin (GTC) As of , Gitcoin (GTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 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 stock.

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	0.0397	0.0598	0.0807	0.101	0.122	0.142	0.163
Fibonacci	0.0598	0.0755	0.0852	0.101	0.116	0.126	0.142

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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