GMT Soars as Crypto Market Rally Cools: Will it Reach $0.73 High?
admin 1. Februar 2023Allgemein Article• StepN’s GMT token is looking to break multi-month highs after a strong showing in recent weeks.
• Market adjustments and potential rejuvenation of the GameFi and NFT space could lead to further gains for GMT.
• Consumer Price Index (CPI) numbers reported earlier this month showed that inflation has dropped in the United States.
GMT Price Prediction
StepN’s GMT token is looking to break multi-month highs after a strong showing in recent weeks. The digital asset is trading close to its short-term moving average (MA) indicators, with the 10-day MA standing at $0.06006, and its price ahead of its long-term MA metrics, GM is still looking quite solid. A negative moving average convergence divergence (ACD) shows that GMT is giving off a buy signal, and the asset’s relative strength index (RSI) of 36.57 shows that it is not overbought yet.
Market Adjustments
Friday saw the crypto market experience a bit of a rally adjustment. After an impressive 24 hours in which major altcoins regained some of their milestone points, and the overall market capitalization surpassed $1.05 trillion, prices appear poised for another adjustment as the rally cooled into the early hours of the day. As expected, the price of StepN’s GMT token has followed this trend significantly – trading at $0.05947 – down by 7.85% in comparison to 24 hours before..
GameFi and NFT Spaces Poised for Recovery
StepN is a lifestyle and health management platform that incentivizes users to get more active; as users progress with their workouts they earn GMT as a reward. This surge in asset price appears poised by both improved market conditions and potential rejuvenation within GameFI and non-fungible token (NFT) spaces; investors have renewed faith that broader market rallies can spark recoveries within these sectors so are eager to back projects which offer impressive gains..
Inflation Rates Dropping
Consumer Price Index (CPI) numbers reported earlier this month showed that inflation has dropped in the United States – something which may be reflected within markets soon enough..
Conclusion
Overall, StepN’s GMT token appears set for further gains if gamefi/nft spaces continue their resurgence coupled with lower inflation rates across America – though much will depend upon how general markets adjust over coming weeks/months
You may also like
Archive
- September 2023
- August 2023
- Juli 2023
- Juni 2023
- Mai 2023
- April 2023
- März 2023
- Februar 2023
- Januar 2023
- Dezember 2021
- September 2021
- August 2021
- März 2021
- Januar 2021
- Dezember 2020
- November 2020
- Oktober 2020
- September 2020
- August 2020
- Juli 2020
- Juni 2020
- Mai 2020
- April 2020
- Februar 2020
- Juli 2019
- Januar 2019
- Dezember 2018
- November 2018
- Oktober 2018