September 17. Bitcoin's just barely above 20k. I keep buying it, but if you're not a bitcoin person and you spend a lot of time on crypto parts of the internet, you've probably noticed that people outside of the IBC are starting to notice the IBC. Don't sleep on Atom.
GKEY is sitting at 876 currently and continues to function more as Gelotto's farm/reward coin than a scarce tool for the Grand Prize event. Honestly, this is pretty reasonable behavior for traders. The Grand Prize event is still over a year away. I don't see any reason for this trend to stop unless the GKEY price falls low enough that people don't care to keep farming and selling it. I'm expecting a continued downtrend that becomes much steeper once GKEY airdrops are handed out this month, until the price hits a point where traders no longer think it's worth the risk of being exposed in Gelotto's liquidity pools. At that point we'll probably see a dip in the GLTO price about two weeks later after the traders unbond and cash out. Then, we'll know the bottom for GKEY.
GLTO continues to in the 0.0044 to 0.0049 price range, being pulled around mostly by the price of OSMO, and since IBC coins seem to be on the way up, this is also slowly increasing the USD price of GLTO. Eventually, the opposite of the GKEY situation above should happen here: The USD price of GLTO will reach a local top, either through buying or the rising OSMO price, where it's attractive to someone to sell, and the price goes back down to repeat the process until eventually, GLTO runs out of buyers and the price stays down, or GLTO runs out of eager sellers and the price goes higher to find the next attractive selling point.
Crypto prices aside, the Gelotto platform continues to run successful lottery games (that are still officially in a testing phase, though players are undeterred), with a slew of lottery updates to add flexibility to the games coming out soon, in preparation for the official platform launch later this month.
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