STEPN Price Prediction: Why GMT/USDT Could Surge Above $3.28?
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- STEPN price is $3.52 USD, with a 24-hour trading volume of $4,020,864,360 USD
- One of the primary drivers of the GMT’s price increase was STEPN’s recent earnings.
- GMT/USDT can exhibit upward trades above $3.23 to $3.85.
STEPN (GMT), a so-called “move-to-earn” token based on the Solana (SOL) blockchain, has skyrocketed in value since its launch in March. GMT’s price increased 34,000% in 41 days, from $0.01 on March 9 to $3.45 on April 19. This week, the Stepn price prediction remains bullish as it’s gaining support at the 38.2% Fib level. The excitement surrounding decentralized finance (DeFi) applications that reward users with tokens for remaining active fueled its meteoric rise.
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STEPN Price Update
The current STEPN price is $3.52 USD, with a 24-hour trading volume of $4,020,864,360 USD. Due to an increase in trading volume and market cap, STEPN gained 7.61 percent in the previous 24 hours. The current market ranking is #54 with a live market cap of $2,112,527,816 USD. With a maximum supply of 6,000,000,000 GMT coins, there are 600,000,000 GMT coins in circulation. The GMT has been rising for the past seven days, increasing by 59.58 percent.
Great Upside Momentum in STEPN
STEPN Fundamentals Outlook
One of the primary drivers of the GMT’s price increase was STEPN’s recent earnings announcement. The project earned $26.81 million in the first quarter of 2022 from “royalty fees”. That’s from the sale of its “NFT Sneakers.”
The release of the STEPN x ASICS sneaker NFTs appears to be the catalyst for the GMT token’s current strong surge. GMT has increased by another 26% in the last 24 hours, bringing its market capitalization to nearly $2 billion. Those who signed up for the STEPN x ASICS NFT sneaker sale on the Binance NFT marketplace will be chosen to purchase the first STEPN sneakers for use in the game’s BNB Chain version. The mystery shoeboxes will contain ASICS-style common and uncommon walkers, joggers, runners, and trainer sneakers for use in-game. 2010 shoeboxes are currently on sale for 0.5 BNB (approximately $208 USD). On the secondary market, the cheapest ASICS shoes now sell for at least $1,889 USD.
Aside from that, the coin’s trading volume and market cap growth could be another reason for its price increase. Furthermore, one of the key factors that kept the cryptocurrency price higher was the crypto market’s risk-on sentiment. This occurred after bitcoin’s price rose above $40,000. BTC launched a strong comeback wave, breaking through the $41,000 barrier zone. The price of Bitcoin remained positive, rising above $41,400 for the second day in a row. It even broke through the $41,500 resistance level and closed above the 100 hourly simple moving average. As a result, the upward trend in the world’s largest crypto coin tends to benefit other coins, including Stepn.
GMT Android and iOS Accessibility
Stepn is a blockchain-based lifestyle platform that encourages people to get out and walk, run, and participate in other activities. It’s a Web 3.0 innovation that includes gaming, NFTs, and earning potential. Stepn has implemented a move to earn system, and more projects will be added in the future.
With over 300,000 users joining the social media platform, Stepn has reached a new milestone. Stepn is a mobile app that is accessible on Android and iOS devices, with over 100,000 downloads.
The team is working hard to meet the roadmap milestones, and more detailed features will be added in the future to attract more fitness enthusiasts. Furthermore, the GMT ecosystem’s future will be based on projects such as additional exchange listings and planned partnerships with major sports organizations.
Stepn Price Prediction: Can GMT/USD GO After $4?
The GMT/USDT is trading with a slightly bearish bias at the $3.39 level. It fell from the $3.80 mark on the back of a bearish correction. As we can see, the GMT/USDT has already completed a 23.6% Fibonacci retracement at the $3.23 level. Now it’s heading lower towards the 38.2% Fib level of $3.04.
In the 4-hour timeframe, the GMT/USDT is likely to gain immediate support at $3.2. It’s being extended by a series of EMA lines. However, the closing of candles above these EMA lines suggests an uptrend in GMT. The RSI and MACD are also in favor of an uptrend. Therefore, we should look for buy trades.
On the lower side, a breakout of the $3.23 level can trigger a sell trade until the $2.85 level. Alternatively, buying trades can be seen from $3.23 to $3.85. Good luck!
