The Green Metaverse Token (GMT) is up by 9 per cent in the past 24 hours. The cryptocurrency is also up by 22 per cent in trading volume. Currently ranked as the 66th largest cryptocurrency by market capitalization, the platform has continued to grow despite recent turmoil in the cryptocurrency industry.
What is Green Metaverse Token
The move-to-earn platforms continue to impact the health and fitness industry. The platform allows users to earn money by walking or running. To award their customers, these platforms use their native tokens, which can be staked for rewards, used for governance and sometimes used as protocol revenue.
The Green Metaverse Token is one such native coin. It is the governance token of STEPN health and fitness application. The application allows its users to earn tokens, GMT and various NFT rewards. The platform also has built-in wallets, swap, NFT market place and one can tent unique systems to allow non-crypto users to utilize STEPN.
GMT Price Prediction
Today’s trading session has GMT prices up by 8 per cent. However, in the early hours of the trading session, the prices had managed to move up by 18 percent. This was followed by an 8.5 per cent price drop to the current prices. The last four days have also been aggressively bullish, which has seen the crypto move up by 30 per cent.
However, despite the last few days showing a strong, aggressive bullish move, the month of May has been hostile for GMT investors. The cryptocurrency has dropped by 67 per cent this month. Much of this drop happened after the Terra Luna and UST controversy that saw them drop by 99 per cent.
Using the chart below, my GMT price prediction expects the current bullish move to continue. However, there is a high likelihood that we will see prices hitting the $1.71 resistance level. My prediction is also based on recent historical price action that has seen prices trading within the support and resistance levels.
However, should the prices close below today’s opening price of $1.09, then my analysis will be invalidated. There will also be a likelihood of a bearish move.