GMT Soars as Crypto Market Rally Cools: Will it Reach $0.73 High?

• 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