The game continues for STEPN, as the GMT token works in tandem with the other cryptocurrencies that have been amplified to support the bull market. STEPN has made upgrades to its network over the last few weeks in an effort to rekindle gamers’ interest. The token appears to be making great progress.
Health Points have been added to the move-to earn game. These points will set a life span for STEPN shoes. The STEPNrun Contest, which will run from July 25 through August 8, is also being planned. It is intended to spread the word about STEPN via social media. This contest can be run both on Instagram and Twitter.
GMT Token Price Warms Up At $1.01
The GMT token’s price currently stands at $1.01, and it is expected to rise in the coming days. It appears that STEPN has just begun to warm up with the most recent updates.
GMT tokens were supported at $0.92 when the contest began. In the following days, you’ve seen that GMT prices have risen by as much as 4%.
Trading volume has also increased during the same time as the GMT price increase. GMT’s trading volume has spiked by over 25% or at 492.16 million as of this writing. Only a matter of days was required for the token’s popularity to begin to grow. 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%. As seen over the last few days, its social volume has also fallen by 67%. When compared to other cryptocurrency, the token’s volatility is moderate or average.
STEPN currently ranks in the top 43% for volatility.
STEPN’s GMT price is geared for an uptrend. STEPN has a support level at $0.935037596620583 and resistance at $1.03. This allows it to move in a bullish direction before selling pressures get in its way.
Source: TradingView.com| Source: TradingView.com
Featured image taken from Atomic Wallet. Chart from TradingView.com