StepanThe bull run continues as GMT Token price has gained 8% to $0.471 in the last 24 hours. This is another important milestone for the digital currency, which has seen its value rise rapidly in recent months.
With growing investor confidence and a growing user base, it looks like GMT is set to continue its upward trajectory and become a major player in the cryptocurrency market.
Much of the uptrend in GMT has been driven by a correction in the cryptocurrency market.
FTX: The Crypto Giant Recovers Over $5 Billion In Assets
a lawyer for ftx, the collapsed cryptocurrency exchange, has reported that they were able to identify assets worth more than $5 billion. On Wednesday, the US Bankruptcy Court was informed that the exact amount of damages to customers is still uncertain.
Sam Bankman-Fried, the former CEO of FTX, is facing allegations of a massive fraud with potential losses for investors, customers and creditors estimated to be in the billions. Mr Bankman-Fried has declared his innocence in relation to the allegations of defrauding investors.
during a Delaware HearingAttorney Andy Dietreich informed US Bankruptcy Judge John Dorsey that FTX managed to unearth an incredible amount of resources – $5 billion in cash, liquid cryptocurrencies and liquid investment securities.
Stepan Price; Bullish sentiment prevails in the crypto market
The cryptocurrency market is currently in a bullish mood, with the prices of major digital currencies such as bitcoin and ethereum reaching monthly highs, trading near $20,500 and $1,500, respectively, up more than 20% in seven days.
Similarly, the current STEPN market cap is $0.510331, with a 24-hour trading volume of $745 million. Furthermore, the coin has seen an increase of 6% in the last 24 hours.
According to Coinmarketcap, the coin is currently ranked 101 and has a live market cap of $306,198,603. GMT has a circulating supply of 600 million coins and a potential maximum supply of 6 billion coins.
On the technical front, GMT broke the downside trendline resistance at $0.4260 and a bullish engulfing candle closed above this level, indicating a possible continuation of the bullish trend.
On the upside, GMT’s immediate resistance remains at the $0.6000 level, a double top that acted as support in September and October 2022. If there is an increase in demand, there could be a break above the $0.6000 level, providing more room for buying. $0.7040.
Besides, the RSI and MACD indicators are in the buy zone, so we should look for buys above the $0.4250 level.
While GMT trading is one way to make profits, there is another option, the fight, which may be more profitable in the long run. In this section, we will look at whether FightOut is a better option than GMT trading.
Fightout (FGHT)
to fight The platform is poised to become the next big prize for those leading an active lifestyle. Unlike other crypto-projects, Fight Out aims to be an M2E platform with various benefits that will benefit investors as well as users.
With the FightOut (FGHT) platform, you get a personal trainer without leaving your home. All exercises are paid for in advance using FGHT tokens, and all activity is tracked and reflected in your Metaverse avatar. This helps you to improve your metrics and get better results!
The FGHT token pre-sale has been a great success, as over $2.90 million has already been raised. As the sale progresses, the token price of 60.06 FGHT for $1 (can be bought via ETH or USDT) is likely to increase further.
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