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.
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Source: https://coinpedia.org/price-analysis/newly-launched-stepn-gmt-token-ranges-nearly-50000-since-inception-will-the-price-hit-10-this-month/