STEPN Hits One Year Milestone Despite GMT Price Crash
STEPN celebrates first anniversary despite still being the public Beta phase. The company has garnered 4.72 million users and launched the project on three blockchains.
![image Beincrypto](https://image.coinlive.com/24x24/cryptotwits-static/f69c925ca7abf69c404c210cc7a61dd1.png)
STEPN celebrates first anniversary despite still being the public Beta phase. The company has garnered 4.72 million users and launched the project on three blockchains.
Chainalysis said ETH's price could decouple from other cryptocurrencies after consolidation, as its staking returns could make it resemble bonds or commodities.
GMT's downside pressure remains as an analyst calls STEPN a "hype-driven speculative frenzy."
After the collapse of Terra caused many stablecoins to depeg from the U.S. dollar, NFT trading volumes fell sharply, and Bitcoin’s drop below $30,000 raised concerns about a long-term bear market.
Hopefully Ethereum becomes a system more like Bitcoin.
Hope Ethereum becomes a more Bitcoin-like system
GMT is thriving, but some warn that its 38,000% price increase since its inception may end up being a "total joke".
GMT is booming amid warnings that its 38,000% price rally since inception could end up being an “absolute joke.”
A few days of consolidation from BTC price could lead to a healthy bounce from LUNA, NEAR, VET and STEPN.