GMT’s price surged on its daily chart as altcoins experienced significant gains while Bitcoin remained stable above $96k. BTC saw a 2% increase, while the altcoin GMT jumped nearly 10% from $0.1977 to $0.2172. The momentum for GMT increased as the Web3 app STEPN broke two Guinness World Records, making it the titleholder for most users to complete a remote one-mile distance in 24 hours. The community of STEPN achieved this milestone, showcasing the project’s commitment to promoting healthy lifestyles through a move-to-earn model.
STEPN is a Social-Fi and Game-Fi project that incentivizes users to engage in outdoor activities like walking, jogging, or running to earn rewards such as mystery boxes and tokens. GMT is the governance token of Find Satoshi Lab (FSL), a web3 development studio that focuses on building products that align with people’s lifestyles. FSL’s products include STEPN, Gas Hero, DOOAR, and MOOAR. STEPN GO, the successor to STEPN, leverages blockchain technology to reward users with NFTs and in-game tokens for their physical activities, further reinforcing GMT’s bullish trend.
GMT’s price currently sits at $0.2172 after a nearly 10% increase from its opening price of $0.1977. The altcoin has demonstrated significant bullishness and shows potential for further uptrends. The daily trading volume for GMT has surged by 25%, surpassing $50 million, indicating strong trader optimism in the market. Additionally, the metaverse sector has experienced a resurgence, with tokens like SAND and MANA posting impressive price actions. This revival suggests a potential comeback for the metaverse cryptocurrency sector.
Decentraland recently announced Decentraland 2.0, expanding its platform beyond web browsers to include a desktop application compatible with MacOS and Windows. This update allows for easier access to the virtual world and was showcased during a music event featuring artists like Whipped Cream. Decentraland’s native token, MANA, hit six-month highs after rallying nearly 100% in the past 30 days. Similarly, Sandbox’s Alpha Season 4 contributed to the bullish performance of its token, SAND, which surged over 140% in November. The platform unveiled its largest reward pool of $2.5 million in SAND, available for participants to earn by completing challenges within the metaverse space.
Overall, GMT’s price rally, coupled with the success of STEPN GO in breaking two Guinness World Records, highlights the strong momentum in the altcoin market and the potential resurgence of the metaverse sector. As projects like Decentraland and Sandbox continue to innovate and engage users, the future looks bright for cryptocurrencies tied to virtual worlds. With increased trader optimism and exciting developments in the space, GMT and other altcoins are poised for further growth and adoption.
