Green Metaverse Token (GMT): Overview and Latest Updates
What is GMT?
GMT is the native cryptocurrency of the STEPN project, a blockchain-based decentralized application promoting physical activity through the concept of "Move-to-Earn." Users can earn crypto by walking, jogging, or running outdoors, encouraging a healthier lifestyle.
Latest Updates
Recent Price Surge:
GMT has experienced a price increase, currently trading at $0.15847 with a 24-hour change of +0.17%. The intraday high and low are $0.1629 and $0.1298, respectively.
Trading Volume and Market Cap:
The 24-hour trading volume for GMT is approximately $120.82 million, with a market capitalization of $416.83 million.
Future Developments:
STEPN plans to introduce a new feature allowing users to mint "virtual fitness tokens" in exchange for GMT. This could potentially double user engagement in the coming months.
Historical Performance
All-Time High: GMT reached its peak price of $4.11 on April 28, 2022.
All-Time Low: It recorded its lowest value of $0.08527 on August 5, 2024.
Past Milestones:
In early 2023, rumors suggested that GMT was partnering with Nike to create blockchain-powered fitness sneakers. While later proven false, this news caused a temporary surge in its price by over 50%.
Additional Information
Circulating Supply: Approximately 2.62 billion GMT tokens are in circulation.
Exchanges: GMT is actively traded on major platforms like Binance, DigiFinex, and Ourbit, mainly against USDT.
In July 2024, a misleading report claimed that STEPN was developing a partnership with Tesla to integrate GMT into electric vehicles. While this news generated significant buzz and a temporary spike in GMT's trading volume, it was debunked by both companies.
Investment Outlook
The cryptocurrency market remains volatile, and while GMT has shown resilience, its future depends on STEPN's ecosystem expansion and broader market trends. Always conduct thorough research before investing.
