STEPN Kickstarts Gamers’ Interest As GMT Capitalizes On Bullish Retracement

And the game is on for STEPN as the GMT token plays in sync with other cryptocurrencies amplified for the bull run.  In the past couple of weeks, STEPN has been making upgrades on its network to rekindle the waning interest of gamers. And the token seems to be making a lot of progress.

The move-to-earn game has recently rolled out Health Points that set a certain life cycle for STEPN sneakers. They also were brewing an exciting STEPNrun Contest that is scheduled to kick off from July 25 to August 8 which is meant to get the word out about STEPN on social media. The contest is designed to run on both Instagram and Twitter.

GMT Token Price Warms Up At $1.01

The GMT token price is currently at $1.01 and is forecasted to take off in the past couple of days. It looks like STEPN is just warming up at this point with its recent updates.

When the contest was launched, GMT tokens gained support and advanced to $0.92. The GMT price has since then remarkably increased by 4% as seen in the past few days.

Alongside the GMT price growth, trading volume also surged for the same period. GMT’s trading volume has spiked by over 25% or at 492.16 million as of this writing. It only took a couple of days for the token to gain some traction. Additionally, GMT’s total token’s market cap has also jumped to $606.36 million from $553.76 million.

With the prices still showing an upward trend overnight, CoinMarketCap showed a 4.12% spike in STEPN’s GMT price in the last 24 hours.

STEPN’s GMT Token Set To Go Bullish In Coming Days

Meanwhile, STEPN’s GMT token seems to be hovering towards the overbought domain as seen on the 4-hour chat with the Money Flow Index or MFI at 74.02. Moreover, the token’s RSI was also spotted at 59.63.

On the other hand, GMT’s social dominance has lagged behind by 23%. Its social volume also declined by 67% as seen in the past couple of days. The token is seen to be moderately volatile or on the average when pitted against other cryptocurrencies.

With that being said, STEPN is currently in the top 43% of cryptocurrencies in terms of volatility.

STEPN’s GMT price is geared for an uptrend. With resistance at $1.03 and support found at $0.935037596620583, this sets up STEPN to go for a bullish movement before it faces hurdles from selling pressures.

Crypto total market cap at $1.06 trillion on the daily chart | Source: TradingView.com
Featured image from Atomic Wallet, chart from TradingView.com

Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here

Related Posts
How Omicron Is Rattling the Return to the Workplace thumbnail

How Omicron Is Rattling the Return to the Workplace

As the Covid-19 pandemic nears its two-year anniversary, it's distressingly clear that businesses need to prepare for ongoing surges and new variants. Earlier this week, the U.S. reported a record number of daily Covid-19 cases, with more than one million new infections, according to data compiled by Johns Hopkins University. While that one-day record may reflect the lack of tracking during the holidays,…
Read More
Terex Announces Investment in Viatec to Accelerate Electrification of Utilities Fleets thumbnail

Terex Announces Investment in Viatec to Accelerate Electrification of Utilities Fleets

NORWALK, Conn., Feb. 1, 2022 /PRNewswire/ -- Terex (NYSE: TEX) today announced its Series B investment in Viatec, Inc., a South Carolina-based manufacturer of plug-and-play electronic power take-off ("PTO") systems that support electrification of utility fleets.  Terex is the lead investor in the Series B investment round along with other participants including Duke Energy. In conjunction with this…
Read More
Yuga Labs Hit With Gas Fee Backlash…Again thumbnail

Yuga Labs Hit With Gas Fee Backlash…Again

By Mark Hunter2 weeks agoMon Feb 12 2024 09:24:23 Reading Time: 2 minutes Yuga Labs faced criticism last week for high NFT minting fees in its Otherside metaverse Users were disappointed to find that their ‘free’ gift came with a huge minting fee The issue pertains to the Otherside still relying on Ethereum’s mainnet Yuga
Read More
Wall Street, 'in good mood' for the new drug against COVID thumbnail

Wall Street, 'in good mood' for the new drug against COVID

Los índices bursátiles estadounidenses finalizaron la sesión al alza, luego de haber cerrado el mes de septiembre con un balance negativo, animados por la noticia de un nuevo fármaco para combatir la pandemia de COVID-19.Las operaciones del Promedio Industrial Dow Jones subieron 1.43 por ciento, a los 34 mil 326 puntos; S&P 500 avanzó 1.08…
Read More
Локдаунът има нулев ефект върху броя на смъртните COVID случаи thumbnail

Локдаунът има нулев ефект върху броя на смъртните COVID случаи

Според изследователи от американския университет "Джонс Хопкинс" ограниченията, наложени през пролетта на 2020 г. заради коронавируса, са имали слабо забележимо въздействие върху смъртността в САЩ и Европа, но са довели до сериозни икономически и социални щети.  Икономистите, които са направили метаанализа, изчисляват, че драконовските ограничения, включително заповедите за оставане у дома, задължителните маски и социалното…
Read More
Index Of News
Consider making some contribution to keep us going. We are donation based team who works to bring the best content to the readers. Every donation matters.
Donate Now

Subscription Form

Liking our Index Of News so far? Would you like to subscribe to receive news updates daily?

Total
0
Share