STEPN and step up
STEPN beta app is used for minting and burning GMT tokens it's driven utility use case which comes from players buying, renting NFT in form of sneaker pairs, which can be used be for jogging, walking, and running outdoor, players are issued GST tokens which have unlimited supply it can be use for leveling up and upgrading players ranking, as players gain traction by leveling up, they are been rewarded with GMT token which has a maximum supply of 6 billion available units token that can be swap, burn and exchange on other centralized exchanges.
price statistics
GMT has surged high making an all-time high of over $3 since its initial launchpad on binance, It is ranked #74 on coinmarketcap list with a 24hr trading volume of over $2 billion and a diluted market cap of over $14 billion, investors betting on the web3 token has shown a tremendous future use case for the metaverse in-built application, GMT has been listed on over 41 exchange with recognized exchanges like Binance, OKX, Kucoin and other DeFi exchange like pancakeswap for players to easily trade their earned GMT token.
The green metaverse token is the governing token of STEPN a web3 app that pays players for their outdoor activities every step count for rewarding players, the native token can be used for voting use for minting new sneakers which can be sold or rent out to other players.
When is a good buy zone for GMT?
Out of 6 billion units of GMT token, only 600 million units are in circulation with a trading volume of over $2 billion in the past 24hr if this trading volume sees an increase on daily basis there is a good chance of breaking more higher highs in price value since the market can sometimes become unpredictable with much hype around the project I guess this trading volume could decrease with time posing price decrease, as of the time of writing this post-GMT is trading at $2.10 with a decrease in trading volume it could pose another buying opportunity for traders, this isn't a financial advice I suggest before making any necessary move toward investing to do your research about the token.
There are also some socialized speculation about Nike partnering with the STEPN team which has attracted lots of investors as well to bet on GMT if this will become effective then buying and holding GMT could attract gains in the future.
What are your take on holding GMT token at a current market value above $2?