Overview of $GMT Performance
As of December 27, 2024, Green Metaverse Token (GMT), the governance token of the STEPN ecosystem, is trading at approximately $0.2031, reflecting a 0.53% increase from the previous day's close.
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Market Capitalization and Trading Volume
Market Capitalization: $353.48 million
24-Hour Trading Volume: $52.67 million
These metrics highlight GMT's liquidity and market position within the cryptocurrency landscape.
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Price Movements and Volatility
Over the last 24 hours, GMT's price has exhibited notable volatility, fluctuating between a low of $0.1333 and a high of $0.1410. Such price movements underscore the token's dynamic trading activity.
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Circulating Supply
The circulating supply of GMT is approximately 2.62 billion tokens, a key factor influencing its market capitalization and price stability.
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Historical Peak Performance
GMT achieved an all-time high of $4.114427, demonstrating its potential for significant price appreciation during favorable market conditions.
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About STEPN and the Role of GMT
Launched on the Solana blockchain in December 2021, STEPN is an innovative move-to-earn (M2E) Web3 application. It incentivizes users through rewards based on their physical activity, seamlessly integrating models such as:
Augmented Reality (AR)
Play-to-Earn (P2E) Gaming
GMT plays a pivotal role within the STEPN ecosystem, functioning as:
The governance token for voting on platform changes
A medium for in-app digital transactions
A tool for upgrades and user rewards
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Conclusion
GMT's recent price movements reflect the inherent volatility of the cryptocurrency market. Investors are advised to remain informed and exercise due diligence when engaging with digital assets, considering both their potential for growth and associated risks.
