GMT
STEPN IS DEADWriting an idea specifically for our subscriber nightsubcom, who asked to do a breakdown of the GMT token and whether the token can make x20 in the next bullrun. Read this idea to the end and see the most promising coins for the next bullrun cycle.
20x for GMT is a price of $5.6 per token, let's put it this way, in theory it's certainly possible, in theory anything is possible in general, but in practice it's a hard target to achieve.
Reasons why GMT won't cost $5.6
Projects like STEPN - it is a ponzi pyramid, in the sense that the project has a limited period after the start, when the project brings maximum profit. Be in the information field, the most important for projects of this type.
STEPN is a user application that aims to activate users and wow effect. This has been the main catalyst for STEPN's success, but at this point, no wow effect STEPN as a product anymore.
STEPN allowed some users to make money, but it ruined even more users, for such ponzi projects the loss of users is death.
STEPN has a bad tokenomics model and over issuance, which creates hyper inflation for GMT.
The product creates no positive effect, all it does is monetize the walk. The very idea of monetizing such activity is nonsense, people should walk for their maximum personal efficiency, not to earn GMT tokens.
All the rhetoric around STEPN and GMT was built on a speculative basis, not real product value
For nightsubcom and other people who like this kind of projects we would advise to look for new projects on 2Earn model, they will give much more earning possibilities than STEPN forgotten by everyone. We've also collected a number of promising tokens on our sources that will help you make money on bullrun.
Thanks for reading! Write projects for analysis in comments, share this idea with your mates and hit the rocket button!
STEPN GMTUSDT $0.25 : Realistic ROi: 20xStepn, the running/activity social project's token, GMT was one of the best examples of what can happen to a coin when people are really into the technology and concept behind it. Take a look at it's historic price movements and it's clear that this was an in-demand coin that quickly rose to ~$4.00 after being listed.
Currently sitting at ~$0.245 makes this one of the best options to stock up on, since crypto has the habit of returning quickly to its previous all time high (ATH), which is where I'd strongly suggested you get rid of itas it's unlikely to break that level on the first try. If I'm not dead by then, I'll probably post another notification that nobody will read. No matter. They sure make my GF proud as a motherf#.
DM for short-term one-on-one trade guidance on exits for all these..
HODLing's for the birds..
GMT 100% ?Hello trades,
the market is preparing for a big move.
GMT is one of the alts that I think it will shine in this move again.
like another alts, it`s running in a symmetrical triangle, with a target around 100% and 122% from the current price.
For me as a trader, I calculate my stop-loss before the target.
SL : 1 day candle supported with volume under the triangle.
or
TWO 1D candle under the triangle.
I will keep you updated anyway.
Follow for more.
Hope you have a nice day.
Step'N Down with $GMTI have opened a short position on $GMT, this is a swing short positon. Much of GMT's tokens have been locked up, currently 83.79% of the token supply is locked and not in circulation. However, these tokens are subject to a linear unlock that began March 1st, 2023. The distribution is currently as follows:
My avg entry as of right now is $0.433. I am looking to slowly DCA into a short position on GMT to increase my position as the market gives opportunity.
UNLOCK DISTRIBUTION
3,387,097 GMTs
Private Sale 1,219,355 GMT/Day ($483,846)
Move and Earn 812,903 GMT/Day ($322,564)
Team 580,645 GMT/Day ($230,403)
Ecosystem/Treasury 580,645 GMT/Day ($230,403)
Advisors 193,548 GMT/Day ($76,801)
The private sale of GMT token was at $0.005 per token. I confirmed this with the Step'n team. That means investors who were in early in the project are currently up 7860%. My guesstimation is that they will begin to sell their tokens to capitalize on this incredible gain. This coupled with technical analysis and price action I think can set up a great short opportunity. Not to mention, each month the % unlocked increases dramatically. Over the next 7 years the tokens will continue to unlock≥
If GMT fails here at this breakout level of $0.4 I think we will accelerate back to $0.3. Failing this wedge to the downside as a fake breakout to the upside could play out.
GMT - Will The Bulls STEPN'' ? 👣Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
GMT is retesting a previous major high so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
GMT formed a trendline in red but it is not ready to go yet.
🏹 For the bulls to take over, we need a momentum candle close above the gray last swing high to buy.
Meanwhile, until the buy is activated, GMT can still trade lower or even break the blue zone.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich