GMT Price Analysis July 2022

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GMT is a token of the platform Stepn. Its current price is around $1.00 by the time of writing, with a low of $0.1003, and has a market cap of 600 million dollars.

What is StepN?

STEPN is a move-to-earn app running on the Solana blockchain. Users earn points for every mile they run that is tracked through their GPS. These points can be converted into a cryptocurrency reward and credited to the user’s wallet. Rewards are based on the number of miles one has run. StepN is a web3 app that rewards its users for taking sorts of daily steps. They can earn tokens for walking, jogging, and running outdoors.

What is GMT?

GMT is the token of the StepN platform, which is around $1.00 by the time of writing, with a low of $0.1003. It reached a high of $4.11, and its current ranking is #69 according to CoinMarketCap, with a market cap of 600 million dollars. GMT is the native currency for STEPN, which is based on Solana. It is earned through leveling up a sneaker set, participating in exclusive events, and accessing premium game content. 

GMT Coin Market Analysis 

GMT has a total supply of 6,000,000,000 coins worth around $1.00 with a market volume of 344 million dollars, whereas the market capitalization is 600 million dollars at writing. The GMT price is currently trading at 75% below its all-time high. However, it has recovered to a bit above $0.55 over the last month, after hitting a low of $0.53 on June 13th. It doesn’t seem like STEPN is going anywhere clear anytime soon, though, and it may continue to show stagnant trends until better news comes around.

GMT Price Prediction

GMT is one of the best crypto assets to invest in. It is set to break its all-time high this year when it reaches about $3.11. In the 2H timeframe, the price action of $GMT/USDT breaks the major resistance zone. If it breaks successfully, then it can go upwards.

For any time, on-demand analysis on $GMT or any other coin can join our Telegram channel.

Gmt Price Chart July 2022
GMT Price Chart July 2022

Closing Thoughts

Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

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