The GMT Price has risen in the past few days, with investors excited at the recent Stepn ecosystem events. It’s trading at $1.07, a few points below its $1.1.8 highest and 14,588% above its lowest.
What is GMT, and why is it rising?
Stepn is a web 3.0 blockchain project between various huge multi-billion-dollar industries; fitness, gaming, and non-fungible token (NFT).
It enables money-making by doing exercises like running, jogging, and even casual walking. Users are required first to download the app, which enables GPS tracking.
The next part is to select a sneaker NFT based on what you want to achieve. There are four types of sneakers: walking, jogging, running, and trainer. They cost different amounts of GMT to buy. After this, walk or do any of these exercises, and you will be rewarded.
Next, one needs to choose an NFT based sneakers; walking, jogging, running, and training as per their goals. These have different prices, and after that, users need to do the exercises and earn.
The GMT Price has been rising with investors pondering upon the industries involved. Another impetus would be the developers suggesting significant news this week. As indicated below, the firm may reveal its NFT’S availability in the Binance ecosystem.
Moreover, developers reported a double mint promotion, meaning users minting sneakers NFTs in its ecosystem will have a double reward between March 29th and April 5th.
GMT price prediction
The two-hour chart shows that the GMT price has been in a strong bullish trend in the past few weeks as investors have embraced the token. It has managed to move above the important resistance level at $0.8920, which was the highest level on March 22nd this year. Its volume has also held steady recently while the price is between the middle and upper lines of the Bollinger Bands.
Therefore, there is a likelihood that the Stepn price will continue rising as bulls target the next key resistance level at $1.20.
