STEPN’s bull run continues as the price of GMT tokens has just gone up 8% to $0.471 in the last 24 hours. This marks another significant milestone for the digital currency, which has seen its value increase exponentially in recent months.
With increasing investor confidence and a growing user base, it looks like GMT is set to continue its upward trajectory and become a major player in the cryptocurrency market.
Most of the uptrend in GMT is driven by the optimization in the cryptocurrency market.
FTX: Crypto Giant Recovers Over $5 Billion in Assets
An attorney for FTX, the collapsed cryptocurrency exchange, has reported that they were able to identify more than $5 billion worth of assets. On Wednesday, the US bankruptcy court was informed that the exact amount of losses suffered by customers is still uncertain.
Sam Bankman-Fried, the former CEO of FTX, is facing accusations of masterminding a massive fraud, with potential losses for investors, customers, and creditors estimated to be in the billions. Mr. Bankman-Fried has declared his innocence concerning allegations that he deceived investors.
During a hearing in Delaware, attorney Andy Dietderich informed US Bankruptcy Judge John Dorsey that FTX had managed to locate an incredible amount of resources – 5 billion dollars in cash, liquid cryptocurrency, and liquid investment securities.
STEPN Price; Bullish Sentiment Prevails in the Crypto Market
The cryptocurrency market is currently in a bullish sentiment, with prices of major digital currencies such as Bitcoin and Ethereum reaching monthly highs, gaining over 20% in seven days to trade near $20,500 and $1,500 respectively.
Likewise, the current STEPN market price is $0.510331, with a 24-hour trading volume of $745 million. In addition, the token has seen a 6% increase in the past 24 hours.
According to CoinMarketCap, the current ranking of the coin is 101 and its live market cap stands at $306,198,603. GMT has a circulating supply of 600 million coins and a potential maximum supply of 6 billion coins.
On the technical front, GMT has broken the downward trendline resistance at $0.4260 and the closing of a bullish engulfing candle above this level is signaling a potential continuation of the bullish trend.
On the upside, GMT’s immediate resistance stays at the $0.6000 level, a double top level that acted as a support in September and October 2022. If there is an increase in demand, it could break through the $0.6000 level and provide more room for buying until $0.7040.
Furthermore, the RSI and MACD indicators are in a buying zone, so we should look for buying positions above the $0.4250 level.
While trading GMT is one way to make profits, there is another option, fighting out, that could be more profitable in the long run. In this section, we will look at whether FightOut is a better alternative than trading GMT.
FightOut is poised to be the next big rewards platform for those leading an active lifestyle. Unlike other crypto-projects, Fight Out aims to be a M2E platform with various advantages which will benefit investors as well as users.
With the FightOut (FGHT) platform, you get a personal trainer without ever having to leave your house. All exercises are paid for beforehand using the FGHT token, and all activity is tracked and reflected in your metaverse avatar. This helps you improve your metrics and achieve better results!
The presale of FGHT tokens has been met with great success, as over $2.90 million has already been collected. As the sale goes on, the token value of 60.06 FGHT for $1 (purchasable via ETH or USDT) is likely to grow even further.
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