Solana’s move-to-earn STEPN races to infinity and beyond after a spectacular pump of 34,000% in 41 days.
I get 50% of the rewards from the shoes meaning passively per day i can earn $250 from 20 people running and walking 5km!STEPN uses its profits to first buyback GMT, its governance token, from secondary markets and then burn them on-chain, effectively removing them from circulation out of the 600 million GMT in total.The latest bout of buying in the GMT market has made the token overbought, according to its four-hour relative strength index reading, which sits above 70 — a sell signal.
Technically, GMT/USD is now testing its previous record high of $3.14 as its interim support. A move below the level raises the pair's potential of running down towards its 50-day exponential moving average near $2.52, about 20% below April 19's price. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
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