Beyond Celebrity Favor for Dogecoin (DOGE) and STEPN (GMT), an … CryptoDaily
Source link ]]>
Dogecoin – Gmt Coin Price Prediction-youtube how to invest in … Indie Shuffle Music News
Source link ]]>
GMT price has been in a steep sell-off in the past few weeks as concerns about the crypto industry and its utility remain. The Green Metaverse Token was trading at $0.40 on Thursday, which was lower than last month’s high of $0.6840.
StepN statistics are disappointing
Move-to-earn is a technology that became popular in 2022 as companies like StepN and Sweatcoin became popular. It has merit considering that billions of people now own smartphones. Also, the blockchain technology has become popular.
However, on-chain data shows that StepN is not doing well at all. Data compiled by Dune Analytics shows that the network had just 42,965 users in February, down from the previous month’s 46,632. Unfortunately, the figure has been in a strong downward trend after it peaked at 705k in May last year.
Other figures are also not pleasing. For example, the number of daily active users in StepN has been falling after it peaked at over 100k last year. Now, the number of DAU has plunged to less than 6,000. New daily users have crashed to less than 300.
It is not clear why this has happened. A likely reason is that the hype surrounding StepN has just faded away. Another reason is that users are not motivated to use the platform because of the performance of the Green Satoshi Token (GST), which has plunged by more than 98% from the highest level on record.
This is a problem that most Web3 networks that pay their users using crypto go through. For example, many users of Brave browser have seen their Basic Attention Token (BAT) dwindle with the token down sharply from its all-time high.
GMT price prediction
The daily chart shows that the GMT crypto price has been in a bearish trend in the past few days. Along the way, it has formed a descending channel shown in black. It has moved slightly below the 25-day and 50-day moving averages. The price is also slightly above the important support level at $0.4212, the highest point on December 7.
This descending channel seems like a falling wedge. Therefore, while its ecosystem has some major issues, we can’t rule out a situation where the coin makes a bullish breakout. If this happens, the next level to watch will be at $0.60.
How to buy StepN
KuCoin
Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies.
Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods.
Users can benefit from a beginner-friendly interface and relatively low fees.
Cryptocurrency prices and stocks started the week well as the US dollar index plunged. Bitcoin moved comfortably above $17,280 while Ethereum moved above $1,325. Cardano, Gala Token, Litecoin and Sandbox also rallied while the Dow Jones futures rose by 125 points. Here is the top crypto price prediction for Zilliqa, Cardano, and GMT.
Zilliqa price prediction
Zilliqa is a leading blockchain project that introduced the concept of sharding that has now been embraced by other projects like Ethereum and Polkadot. ZIL, its native token, made a strong rebound as investors waited for the upcoming upgrade that will introduce EVM compatibility.
By being EVM compatible, it means that developers will be able to build apps that are compatible with those built on Ethereum. The 4H chart shows that Zilliqa price soared above the important resistance point at $0.023, which was the highest point on December 5. It has soared above all moving averages while the Relative Strength Index (RSI) has moved to 92. This means that it is extremely overbought.
Therefore, I suspect that Zilliqa price will decline sharply in the coming days as it moves into a distribution phase. If this happens, the next key level to watch will be at $0.023.
Learn how to buy Zilliqa.
Cardano price prediction
In my recent Cardano price forecast, I said that the reward outweighs risks in 2023. While I have been short ADA for long, I believe that the coin could have a good year. Cardano has soared as investors bought the dip. The likely reason for the rally is that Charles Hoskinson is opening a hospital that will accept ADA. It is also rising because of the perception that it is undervalued.
Cardano has soared above all moving averages. It also moved above the resistance at $0.3296 briefly and then pulled back. Like Zilliqa, ADA has moved to the extreme overbought level. Therefore, a brief pullback to $0.28 is likely.
Learn more about how to buy Cardano.
GMT price prediction
GMT is the native token for the StepN ecosystem. For starters, StepN is a Solana-based platform in the move-to-earn industry. Users of the app first buy its NFT boots and then get rewarded when they exercise and move.
GMT price soared in sync with other cryptocurrencies. As it rose, it moved above all moving averages and the important resistance level at $0.2700. It has risen above all moving averages and also gotten extremely overbought. Therefore, I also suspect that GMT crypto price will retreat and retest the support at $0.2700.
STEPN (GMT) and Shiba Inu (SHIB) have historically been popular coins in the crypto communities. However, investors are developing interest in new projects, especially projects with huge real-world utility, including Orbeon Protocol (ORBN), which – in phase two of its presale – analysts expect to rise from $0.004 to $0.24.
Orbeon Protocol (ORBN)
Orbeon Protocol is unique because it creates a reliable connection between promising startups and small investors. It aims to solve the problem associated with accessible and reliable investments in crypto networks.
This project features NFTs-as-a-Service for businesses and mints fractional NFTs representing equity for startups seeking to raise capital on the platform, allowing people to invest in startups for as low as $1. With this low entry level, everyday people can now invest in promising startups through Orbeon Protocol, which makes it a disruptor in the venture capital industry.
Orbeon Protocol’s team also built its smart contract in favor of its investors. Safety features like a “fill or kill” mechanism ensure investor refunds if a project they back fails to meet its funding goals. In addition, the liquidity pool has been locked for ten years to avoid rug pulls. Finally, Solid Proof audited and approved Orbeon Protocol’s smart contract, assuring it protects investors.
ORBN tokens are the native currency that power the Orbeon ecosystem. Holders have various benefits, including access to an exclusive investor group, The Winner’s Circle, cashback rewards and discounts on trading fees, governance to vote on key issues and upcoming projects, and even the opportunity to meet face-to-face with project founders, among other perks.
>>BUY ORBEON TOKENS HERE<<
STEPN (GMT)
The STEPN coin operates on a move-to-earn mechanism, rewarding users for every minute they exercise. Users earn GMT tokens for running, walking, and jogging.
Even though STEPN seemed to be an innovation in lifestyle technology, users migrated to non-blockchain technologies with similar goals. Despite a novel idea and execution, STEPN simply has too many competitors to be successful, and as a result the value of STEPN has suffered in recent months.
According to CoinMarketCap, STEPN was down 4.63% at the time of writing. This decrease in value is a loss to investors who own the STEPN asset. It is high time investors considered a more profitable investment than the STEPN currency.
Shiba Inu (SHIB)
Even though meme coins seem to trend in the crypto market, they all have different fates, including the similar Shiba Inu and Dogecoin. Moreover, crypto experts do not consider Shiba Inu a wise long-term investment.
Because Shiba Inu (SHIB) is a speculative currency, investors might only want to use it in the short term. However, the Shiba Inu currency is also highly volatile, especially since its founder donated a large amount of Shiba Inu to charity. The currency has been highlighted as having the majority of its value decided based on community hype.
Research reveals that Shiba Inu experienced a sharp decrease of 87% in October 2021 due to the token’s donation. Time will show if SHIB can recover from the loss of value.
Conclusion
Orbeon Protocol is not hype-driven, but a project expected to provide investors with a significant profit scale. The ability to breach the gap between startups and investors gives this project potential. Experts predict the value of ORBN will surge by over 6000% as presale concludes, with the price rising from $0.004 to $0.24.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
STEPN (GMT) has struggled to show its move in recent months after ranking as the top gainer for several weeks against tether (USDT). The price of STEPN has struggled to rally to $1 despite the market seeing relief bounces across the market, with many altcoins producing double-digit gains, with the price of STEPN (GMT) showing little or no steam left for a major rally. (Data from Binance)
STEPN (GMT) Token Price Analysis On The Weekly Chart
GMT saw a decline in its price from a region of $4 to around 0.63, with an over 70% drop from its all-time high despite having good fundamentals. The price of GMT bounced off after touching a weekly low of $0.63, and the price rallied to $0.95, showing some great strength, but the price was quickly rejected as this area acts as resistance to the price of GMT.
The price of GMT on the weekly chart formed a range between $0.6-$1 as the price continued with little volume, unable to break out of the range channel. For GMT to break out of this range channel, the price needs to be backed with good volume as the resistance at the $1 mark has proven hard for the price of GMT after several rejections at this zone.
GMT price needs to break and close above $1 with good volume for a possible rally to $1.5, where the price would face resistance. A break a close for GMT price above $1 would signal a good relief bounce.
If the price of GMT fails to hold its support at $0.63, seen as a demand zone, we could see the price going lower.
Weekly resistance for the price of GMT – $1-$1.5.
Weekly support for the price of GMT – $0.63.
Price Analysis Of GMT On The Daily (1D) Chart
The daily timeframe for GMT prices continues to weaken as prices continue to respect the downtrend trendline inside an asymmetric wedge. If the price of GMT continues with this structure, we could see the price retesting the support zone at $0.6.
GMT price needs to break out of the downtrend for the price to have an opportunity to trend higher; a breakout from this downtrend structure to the upside would be a first relief sign for bulls.
On the daily timeframe, the price of GMT is currently trading at $0.66, as the price of GMT on the daily chart closed below the 50 Exponential Moving Average (EMA), acting as resistance for GMT price. The price of $0.8 corresponds to the resistance at 50 EMA for the price of GMT. The price of GMT needs to reclaim 50 EMA for a chance to trend to $1; if the price fails to be reclaimed by the price, we could see the price retesting the support at $0.6 or lower.
The Relative Strength Index (RSI) for GMT is above 50 on the daily chart, indicating low buy order volume.
Daily resistance for the GMT price – $0.8-$1.
Daily support for the GMT price – $0.6.
Featured Image From Freepik, Charts From Tradingview
© Reuters. Uniglo (GLO) Potential Excites Dogecoin (DOGE) And Stepn (GMT) Holders. Read Why.Investors who have remained in the crypto space throughout this bear market have toughened up and acclimatised to market volatility. But the most recent shock has seen many investors wanting to diversify their investments.
Uniglo (GLO), a new Ethereum-based currency, is attracting both investors from (DOGE) and Stepn (GMT). They want to bolster their portfolio and make it more secure in the current turbulent conditions.
Uniglo (GLO)
Uniglo developers have created a new currency that holds value and grows with time. They have successfully designed a bear-proof token by employing scarcity principles and value-backing. The tokenomics include buy and sell taxes; a portion of each transaction is automatically burnt, making GLO a hyper-deflationary token with a constantly reducing supply; and a portion is used to fund purchases of various assets. The assets stored in the Uniglo Vault include digital, physical, and NFTs.
By reintroducing value-backing, the team has given GLO an intrinsic floor price and created an asset that mixes growth speculation with wealth preservation. Owning assets is the best way to store wealth in the modern era, where inflation has destroyed the purchasing power of fiat. Asset ownership represents investors’ only hope to keep their wealth and increase it.
Dogecoin (DOGE)
Dogecoin is a token many investors like to hate, but what can not be criticised is its track record of price appreciation and its endurance. Initially launched in 2013, Dogecoin has a longer history than the majority of digital assets and became famous after a parabolic rally throughout the first half of 2021.
The recent actions of Billy Markus, Dogecoin’s co-founder, have rallied investors behind the project and massively increased investor sentiment. He declined an offer worth millions of dollars to promote Dogechain, a layer two scaling solution unrelated to Dogecoin but piggybacking on its success. This display of integrity further proves to investors he wants a flourishing community and has long-term faith in the project.
Stepn (GMT)
Stepn is a look into the future of Web3 integration with the physical world. This play-to-earn game based on the blockchain financially encourages users to stay fit, allowing them to earn by running. Players purchase an NFT pair of sneakers, then whenever they run, earn GMT.
Recently Stepn confirmed a collaboration with Asics, and the pair launched a limited edition NFT sneaker collection drawing huge media attention and new investors to the project.
Closing Thoughts
The bear market is creating more mature investors focused on long-term growth. The digital asset space has changed massively since the last bear market, and now investors have more options than ever to navigate it. Gone are the days when investors simply swapped altcoins into and waited for the worst to be over. Investors can now actively fight against the bear market. Uniglo’s scarcity and value backing make it a highly attractive opportunity for investors who want to diversify and protect their wealth throughout these unstable times.
Find Out More Here
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter (NYSE:): https://twitter.com/GloFoundation1
The price of STEPN (GMT) could be set for a major rally against Tether (USDT) after showing bullish signs.
Ethereum price saw a relief bounce from $1,600 to $1,800 ahead of merge sentiments leading to other altcoins like STEPN bouncing off from their weekly lows. (Data feeds from Binance)
Price Analysis Of GMT On The Weekly Chart
From the chart, the price of GMT saw a weekly low of around $0.58, which bounced from that range and rallied to $1.
The price has built more momentum as it faces resistance at $1.
If the price of GMT on the weekly chart continues with this bullish structure, it could quickly hit the $1.7 mark.
The volume shows decent buy bids, pushing the price of GMT higher.
Weekly resistance for the price of GMT – $1.
Weekly support for the price of GMT – $0.63.
Price Analysis Of GMT On The Daily (1D) Chart
The price of GMT found strong support at around $0.58, with what seems to be an area of interest on the daily chart.
GMT bounced from its support, forming a bullish trendline that acts as a support and has continued to maintain this structure.
At the point of writing, the price of GMT is at $1, trying to break above the 50 exponential moving averages (EMA), which corresponds to the resistance at $1.
If the GMT price fails to break the 50 EMA region, $0.84 would be a good support to hold sell-offs and a possible price bounce.
With more buy bids, we could see the price of GMT breaking out and retesting $1.7, which has been resistance on the weekly chart.
The RSI for GMT price on the daily chart is above 55, indicating healthy buy bids for GMT.
The volume for GMT looks good, indicating positive signs for prices to trend higher.
Daily (1D) resistance for GMT price – $1.
Daily (1D) support for GMT price – $0.84, $0.59.
Price Analysis Of GMT On The Four-Hourly (4H) Chart
The price of GMT has shown a bullish breakout from a symmetric triangle on the 4H chart, but the price was rejected.
GMT has struggled in this region, forming a range in a triangle with price rejecting from $1.1.
GMT price is $0.994, trading above the 50 & 200 EMA at $0.95 on the 4H chart. This price would act as a support area for GMT on the 4H chart.
Four Hourly (4H) resistance for GMT price – $1.
Four hourly (4h) support for GMT price – $0.92, $0.84.
A break below these support zones could send the price of GMT to a region of $0.80, acting as a good support area.
Featured Image From Coin24h, Charts From TradingView.com
Why Is Uniglo (GLO) Gaining so Much Attention and How Does It Compare to STEPN (GMT), Dogecoin (DOGE), and Tron (TRX)? Coinspeaker
Source link ]]>
The cryptocurrency market has been underperforming over the last 48 hours.
The cryptocurrency market has continued its poor performance this week. The total market cap is down by nearly 2% in the last 24 hours, with the major coins currently trading in the red zone. The total market cap currently stands at around $870 billion.
Bitcoin, the world’s leading cryptocurrency, continues to trade below the $20k mark after losing more than 2% of its value in the last 24 hours. Meanwhile, Ether has maintained its price above $1,000 despite losing 2% of its value today.
GMT, the native token of the STEPN walk-to-earn ecosystem, has lost more than 3% of its value in the last 24 hours. This latest development comes despite STEPN announcing two major updates in the last few hours.
On Tuesday, STEPN revealed that it generated $122.5 million in profits through its platform fees in the second quarter. As a result, STEPN will use 5% of the profits to initiate a Q2 GMT buyback and burn program.
STEPN also introduced a new feature called Health Points (HP) earlier today. The team added that the HP attribute would be displayed in the Sneaker’s background in the form of a capsule.
Key levels to watch
The GMT/USD 4-hour chart is bearish as STEPN has been underperforming over the last 24 hours.
The MACD line is below the neutral zone, indicating bearish momentum. The 14-day relative strength index of 37 shows that GMT could soon enter the oversold region if the bears remain in control.
At press time, GMT is trading at $0.83 per coin. GMT could slip below the $0.731 support level before the end of the day. In the event of an extended bearish performance, GMT could lose its second major support level at around $0.66.