A cryptocurrency sees a price increase despite reduced trading volume, driven by broader market trends. GoPlus reports strong revenue and API usage. Meanwhile, potential tax changes in the 'One Big Beautiful Bill' might drive gamblers toward blockchain-based prediction markets.
The cryptocurrency experienced a 4.5% increase, reaching $1.63, despite subdued trading activity. According to CoinDesk Research's technical analysis model, 24-hour trading volume decreased by 29% compared to its 30-day average. The model indicates that this price surge occurred without any clear fundamental drivers, suggesting that it's a reflection of broader cryptocurrency market dynamics rather than token-specific momentum.
The price action points toward consolidation, rather than a definitive directional movement, as per the model's assessment. Volume saw a peak at 5.7 million tokens, exceeding the 24-hour average of 2.83 million by 102%, coinciding with the token breaking through resistance at $1.59, as per the model's findings. The token established an ascending channel pattern before encountering resistance near $1.649 and ultimately settling at its current levels, the model further explained. The trading session range of $0.09 represents 5.6% of the overall price movement. The formation of an ascending channel indicates a pattern of higher lows. Parts of this article were created with the help of AI tools and reviewed by our editorial team to guarantee accuracy and compliance with our standards. For more details, refer to our guidelines.\Looking at the financial performance, GoPlus has amassed a total revenue of $4.7 million across its various product lines, up to October 2025. The GoPlus App stands out as the main revenue generator, contributing approximately $2.5 million, which accounts for around 53% of the total revenue. Following the app is the SafeToken Protocol, which generated $1.7 million in revenue. GoPlus Intelligence's Token Security API has averaged 717 million monthly calls this year to date in 2025, with a high of nearly 1 billion calls recorded in February 2025. Additionally, the system handled an average of 350 million blockchain-level requests monthly, including transaction simulations. The $GPS token, which was launched in January 2025, has registered a total spot volume of over $5 billion and derivatives volume of $10 billion throughout the course of 2025. The peak monthly spot volume was observed in March 2025, surpassing $1.1 billion. The same month also saw a peak in derivatives volume, reaching over $4 billion.\In related news, a potential tax alteration within Trump’s One Big Beautiful Bill could incentivize gamblers to turn to blockchain-based prediction markets to minimize their IRS liabilities, as stated by Coinbase. A tax regulation introduced in the 2026 version of the One Big Beautiful Bill Act will impose limitations on how gamblers can deduct losses against winnings. Coinbase suggests that prediction markets could offer a more advantageous tax treatment, due to their structure functioning as financial contracts, similar to derivatives. This regulatory shift may therefore drive interest and adoption of these types of platforms within the gambling sector. This is yet another area where blockchain technology is being explored to see if it can be more effective than older forms of legislation
Cryptocurrency Blockchain Prediction Markets Tax Goplus Trading Volume
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