114
Solana-based move-to-earn token STEPN (GMT) is now the 45th largest cryptocurrency by market value, following a recent price surge. The token’s latest rally is spurred by the addition of the project to several popular marketplaces.
GMT, the governance token of the project, rallied nearly 20% in the past 24 hours to a record high of $4.1024, data from Coinmarketcap showed. The token has rallied over 3000% in the past three months, and is among the best-performing cryptos this year. Its current market capital is about $2.4 billion.
The token’s initial rally was sparked by speculation that STEPN will partner with a major sports brand this year. While the STEPN is yet to make an announcement on the matter, hype around the possibility boosted its token.
STEPN now supported by Coinbase, OpenSea
In a big boost for adoption, world no.3 crypto exchange COINBASE said it will now support STEPN’s two tokens, GMT and GST. GST, which is the token through which STEPN users are given incentives, will be given an “experimental asset” label by Coinbase.
GST surged nearly 20% in 24 hours, and is trading around $6.
Trending Stories
India Will Have A Measured Approach to Crypto Regulations Says Finance Minister
Uncategorized
Dubai's Largest Real Estate Developer Damac Starts Accepting Payments in BTC and ETH
Uncategorized
Study Shows Trust In Cryptocurrencies On Rise Among Investors
Uncategorized
Cardano (ADA) Team Believes Its PoS Mechnism Is Most Promising; Here's Why
Uncategorized
Binance-Backed WOO Network Adds Support For Fiat Payments
UncategorizedOpenSea, the world’s largest NFT marketplace, said it will now support the trade of STEPN’s sneaker NFTs. The sneaker NFTs grant access to STEPN’s move-to-earn features. The NFTs are also among the first Solana-based tokens supported by OpenSea, which until recently supported only Ethereum-based NFTs
The Coinbase and OPENSEA integration follows earlier support by BINANCE for both GMT and STEPN’s sneaker NFTs.
Move-to-earn in vogue
STEPN’s growing popularity also appears to have spilled over to other tokens. Data from Coinmarketcap shows that move-to-earn tokens were the best performing category in the past 24 hours, up an average 11%.
Polygon-based move-to-earn token DEFIT rallied 44% overnight after it announced plans for a new mobile app and website. Augmented reality sports token Dotmoovs (MOOV) surged 22%, while the second-largest move-to-earn token, Genopets (GENE), added 2%.
Still, STEPN is by far the biggest move-to-earn token by market capitalization, at over $2 billion. By comparison, GENE’s total value is $49.9 million.
- Trending
- Price Analysis
- India Will Have A Measured Approach to Crypto Regulations Says Finance Minister
- Dubai’s Largest Real Estate Developer Damac Starts Accepting Payments in BTC and ETH
- Cardano (ADA) Team Believes Its PoS Mechnism Is Most Promising; Here’s Why
- Binance-Backed WOO Network Adds Support For Fiat Payments
- Here’s Why ApeCoin’s (APE) Price Could Easily Surpass $20
- ETH Whales Add $17 Mln Worth Of SAND Tokens; Here’s Why
- This Upcoming ETF Hedges Both Bitcoin And Gold Against Inflation
- Shiba Inu Regains Top Spot In Whales Holdings, Can Its Price Recover?
- Bitcoin’s (BTC) Latest Tumble Below $40k Was Triggered By This
- World’s Largest Digital Asset Manager Grayscale Prepares to Enter European Crypto Market
- AAVE Price Analysis: Double Bottom Pattern May Lead AAVE Price to $200
- NEAR Price Prediction: Post-Retest Fall May Tumble NEAR Price by 8%
- Avalanche Price Analysis: Rising Channel Fallout Teases 28% Fall in AVAX
- ApeCoin Price Prediction: APE Price Ready To Hit Fresh Highs; Time To Buy?
- COSMOS Price Prediction: ATOM Price Predicts 33% Gains Amid Oversold RSI
- Sandbox Price Analysis: Triangle Pattern Triggers 24% Fall in SAND Price
- Solana Price Prediction: Is Current Consolidation in SOL Price Suspects Buying?
- Terra Price Prediction: LUNA Price Sinks 8%; Time To Rebound?
- CAKE Price Analysis: Double Top Pattern Fallout Teases 18% Fall In CAKE
- Graph Price Prediction: Range Breakout Hints GRT Price to Grow 18%
- About author
- Disclaimer
