- Stepn (GMT) token has been rising steadily since the day of listing and registered a gain of 1864% from the all-time low.
- The GMT token saw a 266% increase in its trading volume in the past 24-hours.
- The bitcoin pair with the GMT token is trading at 0.00004261, a gain of 80%.
What is STEPN?
STEPN is a Web3 lifestyle app with a gamification layout and a fun social element. Users wearing NFT sneakers can walk, jog, or run outside to earn GST, which could be used to rank up and shape new sneakers.
The Player could choose to lease or sell his or her NFT sneakers on the In-App Marketplace; GST income is saved in an in-app wallet with a built-in swap feature.
The GMT asset is the governance token of STEPN, which has a fixed supply of $6 Billion tokens. However, the GMT token has been completely bullish since the listing day and reclaimed nearly 1864% from the lowest level ever.
At the time of writing, the GMT token is trading at $2.06, which is an 82% increase in one day. At the time, the GMT token is ranked #81 in the entire cryptocurrency industry, which is a good start for the asset. Furthermore, the bitcoin pair with the GMT token is trading at 0.00004261, a gain of 80%.
Volatility seems to be a gradual downward trend nowadays but is still present during the bullish momentum. Thus, the coin gained 266% trading volume last night and the volume to market capitalization ratio is 4.4, which suggests the highest liquidation ever.
What are your thoughts on the GMT token?
The hourly price chart of GMT is trading above the significant moving averages. Similarly, the RSI is well maintained above the halfway mark (50-point) of the indicator on the hourly price chart. Moreover, the ADX indicator is suggesting a strong directional momentum for STEPN.
Conclusion
The STEPN coin appears to be in a bullish zone as price action shows a higher higher formation. New investors can take this token as a new excellent ROI asset to look forward to.
Support level – $1.0 and $0.57
Resistance level – $3.0and $5.0
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.