GMT price has risen by 35 per cent in today’s trading session, a continuation of a strong bullish trend that has continued since its launch on March 9, 2022, on the Binance Exchange.
What is GMT?
The metaverse world is becoming popular with each passing day. Companies such as Facebook and Roblox have also started investing heavily in the platform, indicating signs of the future. However, most of these platforms will need to run on the blockchain, which is the problem Green Metaverse token (GMT) is trying to solve.
GMT is the governance token of STEPN, a Web3 lifestyle app with fun social elements and gamification design. For example, users can buy NFT sneakers, which they can use to walk, jog or run in the metaverse created by STEPN. Users of the platform can also earn GST by doing these activities. These tokens are then used to mint new sneakers level up.
The platform was founded by Satoshi Lab, an Australian-based fintech studio. The team behind the project won the 2021 Solana Ignition hackathon Gaming Track. Satoshi Lab is also part of the Defi Alliance Gaming Cohort.
GMT Price Prediction
Since its launch this month, GMT’s price has seen a growth of over 40,000 per cent. Today, GMT is trading 35 percentage points above its opening price. The markets are also showing significant signs that the cryptocurrency is poised to continue with its current bullish move.
Since GMT is a new cryptocurrency that has only existed for less than a month, its price prediction will heavily rely on fundamental and price action than the usual technical analysis. The cryptocurrency has already entered the top 200 largest cryptocurrencies with a 125 rank. GMT also has a market capitalization of more than $600 million.
This is despite being on the market for less than a month. In the last 24 hours, its trading volume has also risen by over 250 per cent. Considering all these factors, my GMT price prediction shows the bullish move will continue, as indicated in the daily chart below.