Coin News

Newly Launched StepN (GMT) Token Ranges Nearly 50,000% Since Inception, Will the Price Hit $10 This Month?

19 Apr, 20222 min readOther
Newly Launched StepN (GMT) Token Ranges Nearly 50,000% Since Inception, Will the Price Hit $10 This Month?

The StepN token, popularly known as the GMT token which launched in the first few days of March is now one of the best-performing assets in the crypto space. With a huge jump of 42,000% since its inception, the asset now seems to head towards a larger target at the earliest. And now with such a jump, the asset stands very close to entering the top 50 surpassing the popular tokens like Zilliqa, Chiliz, and Basic Attention Token(BAT).

StepN is a fast-growing blockchain project developed on the Solana blockchain. The price ignited its rally from just $0.01 and rose to as high as $3.45 in just a month. Moreover, the asset is displaying a huge possibility of undergoing another spike that may initially uplift the price above $5 quickly.

The GMT price spiked like a monster during the last few days of March and since the beginning of the current month. However, the asset after a brief consolidation again spiked high by nearly 50% and again began consolidating. Therefore, similar to the previous bullish flag breakout, the price is expected to surge by another 50% to hit $5 at the earliest.

The short term chart is pretty much bullish and moreover the technicals also pointing towards a significant uptrend. The RSI after a brief consolidation has made a ‘v-shape’ recovery, while the MACD displays a mounted buying pressure. Therefore, nullifying minor pullbacks, the StepN (GMT) token could continue discovering new highs in the upcoming days.

Source

Subscribe to get our top stories

Coin News
App StoreApp Store