STEPN Green Metaverse Token soars more than 40% this week
The STEPN move-to-earn platform’s native cryptocurrency, Green Metaverse Token (GMT), has experienced a significant surge of over 40% this week, with a trading volume of more than $672 million within 24 hours. Data from CoinGecko confirms that GMT has gained substantial momentum by surpassing multiple resistance levels. The current trading price of GMT stands at approximately $0.43, with a 24-hour trading volume reaching $672,452,095.
The recent increase in GMT’s value can be attributed to the launch of the STEPN app, which encourages users to embrace an active lifestyle while earning cryptocurrency rewards. Through the app, users can purchase NFT sneakers and engage in activities such as jogging, walking, or running to accumulate in-game tokens, primarily GST and GMT. These tokens serve as governance tokens and provide users with additional earning potential. GMT can be utilized to rename sneakers or advance to higher levels, granting access to premium game content, high-level activities, and increased profits.
Additionally, Green Metaverse Token (GMT) is the native digital asset of STEPN, a blockchain-based fitness application. By integrating gaming and fitness elements, STEPN distinguishes itself within the competitive GameFi sector. Unlike other projects, STEPN introduces a unique “move-to-earn” category, allowing users to earn tokens by participating in fitness activities. As a Web3 lifestyle app, STEPN promotes a healthy lifestyle and aims to maximize user engagement while minimizing carbon emissions. The fusion of financial and social rewards makes STEPN a standout platform in the crypto space.
The supply of GMT tokens is limited to 6 billion, with a circulating supply currently at 1.4 billion tokens. With the recent surge in value, GMT has garnered attention, and plans for a Coinbase listing have further contributed to its growth.
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