Stepn (GMT), which took a period by storm and carried crypto investors for miles, came to mind again with its recent rise.
GMT, which shook the industry in May 2022, became active again. GMT, which reached an extraordinary volume and audience at the time of its launch, rose from $ 0.0012 to $ 4.1793, recording a total increase of 342,739 percent. However, the decline of BTC and the decrease in interest in the project over time put an end to this trend.
Following the lawsuits and investigations against Binance, a certain number of people turned to decentralized exchanges (DEXs) which was like a cure for GMT. GMT, one of the most unknown names of DEXs, has managed to get its name on the “Top Rising” list after a very long time, increasing by 8.78 percent in the last 24 hours.
It had destroyed the market!
After being listed on popular crypto exchanges, GMT rose from $ 0.0012 to $ 4.1793 in a very short time. With a total increase of nearly 350,000 percent, GMT captured a very large part of the market at that time. Investors who saw the increase in the token took to the streets after downloading the STEPN application and purchasing various shoes. However, the fact that the madness was at such a peak brought about a possible collapse. GMT, which fell 97 percent from the ATH price, became a hot topic again with its weak rise.
It increased by 50 percent in four days: Can it return to its old days?
GMT, which took a shot at $0.24777 a few days ago, came directly to $0.375. GMT, which experienced a total increase of 50.39 percent, could not hold on to that price and relaxed to the $ 0.344 band. Currently pricing below a critical resistance, once GMT breaks through $0.3662, it can target $0.41134 – 0.4480 – $0.4754 respectively. However, in order for a trend to start again, investors must have the same enthusiasm as before. This situation seems very difficult for GMT at the moment.
Factors such as the decrease in interest and interest in DEXs or the relaxation of BTC to $ 35,000 will naturally pull GMT down. In such a scenario, declines to $0.325 – 0.306 – 0.283 – 0.247 and $0.205 are likely, respectively. Any period below $0.205 could push the parity to a new collapse.
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