Newly Launched StepN (GMT) Token Ranges Nearly 50,000% Since Inception, Will the Price Hit $10 This Month?

The post Newly Launched StepN (GMT) Token Ranges Nearly 50,000% Since Inception, Will the Price Hit $10 This Month? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The StepN token, popularly known as the GMT token which launched in the first few days of March is now one of the best-performing assets in the crypto space. With a huge jump of 42,000% since its inception, the asset now seems to head towards a larger target at the earliest. And now with such a jump, the asset stands very close to entering the top 50 surpassing the popular tokens like Zilliqa, Chiliz, and Basic Attention Token(BAT). 

StepN is a fast-growing blockchain project developed on the Solana blockchain. The price ignited its rally from just $0.01 and rose to as high as $3.45 in just a month. Moreover, the asset is displaying a huge possibility of undergoing another spike that may initially uplift the price above $5 quickly. 

The GMT price spiked like a monster during the last few days of March and since the beginning of the current month. However, the asset after a brief consolidation again spiked high by nearly 50% and again began consolidating. Therefore, similar to the previous bullish flag breakout, the price is expected to surge by another 50% to hit $5 at the earliest. 

The short term chart is pretty much bullish and moreover the technicals also pointing towards a significant uptrend. The RSI after a brief consolidation has made a ‘v-shape’ recovery, while the MACD displays a mounted buying pressure. Therefore, nullifying minor pullbacks, the StepN (GMT) token could continue discovering new highs in the upcoming days.