Move-to-Earn Token GMT Surges 12.28% in Bull Market
• The Move-to-Earn token, GMT, has surged by 12.28% in the last 24 hours amid a strong crypto market bull run.
• STEPN is a Web3 lifestyle app with GameFi components on the Solana blockchain encouraging millions of users to lead healthier lifestyles.
• GMT has broken its resistance from the recent slump and technical analysis shows that it is on a slightly bullish run.
Move-to-Earn Token GMT Surges Amid Bull Market
The digital asset of STEPN, GMT, has seen an increase in price in the last 24 hours as the entire crypto market continues to rally. After breaking through its resistance from its recent slump, will this digital asset continue its upward surge to hit new price levels?
What is STEPN?
STEPN is a self-described „Web3 lifestyle app“ with GameFi components on the Solana blockchain which seeks to transform fitness applications by encouraging millions of users to lead healthier lifestyles. Movement is essential for most individuals and STEPN’s move-to-earn project fuses elements of play-to-earn games and fitness software. Users can earn game currency by jogging, running or walking outside which can be used inside games or cashed out. Aside from providing monetary rewards, STEPN plans to include social rewards features and contribute to carbon neutrality initiatives as well.
GMT Price Recovers and Breaks Resistance
The overall cryptocurrency market continues to show positive results as investors remain confident in their coins‘ performances. The crypto market is up 8.27% today with major coins leading the way with impressive results. Additionally, GMT has also recovered from its previous slump and now trades at $0.48 – indicating an uptrend of 12.28% in the past 24 hours – outperforming even the overall market trend! Technical analysis shows that this digital asset is currently on a slightly bullish run; trading above its 50 hour SMA indicator at $0.46 while long term MA indicators remain far away from current prices – such as 200 day MA standing at $084). GMT has broken through the $038 Fibonacci retracement level and could potentially cross over other indicators if it sustains its rally further; therefore investors should keep an eye out for how it performs next! Furthermore MACD values are also pointing towards potential opportunities for buyers!
Given all these developments taking place with regard to this digital asset, there may be some investment opportunity present here despite current prices being lower than they were previously due to slumps happening in prior weeks – especially when taking into account how it outperformed even today’s market average! Therefore investors should carefully consider whether entering into positions right now could give them returns over time or not before doing so!
In conclusion although there may still be some risk associated with investing into any kind of cryptocurrency right now due to volatility present across markets given current economic conditions; we believe that looking into details such as those discussed above could help guide one’s decision making process before committing capital towards any coin investments!