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ThecoinrepublicCryptocurrencySTEPN Price Analysis: with the 2900% ROI,...
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STEPN Price Analysis: with the 2900% ROI, why does the GMT token go like lightning?

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  • The Stepn Token has been continuing moving higher since the day of listing with the 2900% ROI so far.
  • The GMT token saw a rise in its trading volume of 75% over the last night.
  • The Stepn token belonging to the bitcoin pair is trading at 0.00006237 Saroshi, up 22.6%

STEPN(GMT):

Stepn (GMT) allows users to wear NFT sneakers that generate cryptocurrency when they walk, jog, or run. Earned cryptocurrency may be used to enhance your shoes or create new ones. Users may also borrow sneakers from the other users if they don’t own a pair.

This is the first project to successfully implement the Move-to-Earn principle. STEPN’s concept is to leverage web3 technology to bring millions of people to a healthy lifestyle.

Chart analysis of GMT:

Steppen Token has been growing steadily since the day it was listed with 29000% Return on Investment (ROI) till date. However, last week, the coin showed a sideways phase but this week turned out to be excellent for holders. As of now, the GMT token is trading at $2.82 with an increase of 14.6% as per CMC data. Similarly, the Steppen token belonging to the bitcoin pair is trading up 22.6% at 0.00006237 Saroshi.

The GMT token saw a bullish spike in the trading volume of 75% last night and the open positions of buyers and sellers are higher than the $5.6 billion. Moreover, the volume to market capitalization ratio is 3.25 as of now. 

GMT currently trades above its significant moving average on an hourly basis. A similar trend is evident in the RSI indicator, which has been maintained above the 50-point mark of its indicator on the hourly chart. A strong directional momentum is also indicated by the ADX indicator for STEPN.

ALSO READ – Gumi Cryptos Reveals $110 Million Fund

Conclusion 

STEPN token has been on a bullish trend since its listing day, evidenced by its price action during the hourly price chart, reflecting the formation of higher highs.  The token can be taken as a great ROI asset for new investors to look forward to.

Support level – $1.0 and $0.57

Resistance level – $3.0and $5.0

Disclaimer 

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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