STEPN GO's record-breaking feat sends GMT price soaring

GMT price rallies as STEPN GO breaks two Guinness World Records

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Written on Nov 29, 2024
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  • The altcoin climbed from $0.1977 to $0.2172 at press time.
  • The upside comes as STEPN GO breaks Guinness World Records.
  • Latest developments signal Metaverse resurgence.

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GMT recorded notable price gains on its daily chart as altcoins soared on Bitcoin’s stability above $96K.

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While BTC gained 2% over the past day, the altcoin jumped nearly 10% from $0.1977 to $0.2172 daily peak.

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GMT’s upside momentum strengthened as Web3 app STEPN broke two Guinness World Records.

Stepn’s community became the most users to finish a one-mile distance within an hour and a day.

The project has promised exclusive badges for individuals who completed their mile on 23 November.

Stepn is a move-to-earn project that combines Social-Fi and Game-Fi elements to encourage healthy lifestyles.

Users earn mystery boxes and tokens by walking, jogging, or running outdoors.

GMT is the governance token of the Find Satoshi Lab (FSL) platform.

FSL is a web3 development studio that builds web3 products that match people’s lifestyles.

FSL’s products include STEPN, Gas Hero, DOOAR, and MOOAR.

Meanwhile, FSL’s native coin displayed bullishness as STEPN GO joined the Guinness World Records.

Understanding STEPN GO

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STEPN GO is a move-to-earn application that builds on STEPN’s (its predecessor) success.

The app leverages blockchain to motivate users with NFTs and in-game tokens.

It tracks user activity using GPS, rewarding active users.

Individuals only need to equip their virtual sneakers, perform outdoor activities like walking, running, or jogging, and collect prizes.

GMT price outlook

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The altcoin trades at $0.2172 after a 9.86% uptick from the $0.1977 opening price.

GMT boasts significant bullishness and appears ready for more uptrends.

Source: Coinmarketcap

Its daily trading volume has increased by 25% to surpass $50 million.

That indicates impressive trader optimism behind GMT’s uptrends.

Meanwhile, the metaverse sector has seen revivals lately, testified by SAND and MANA price actions.

Metaverse resurgence

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The metaverse cryptocurrency sector has witnessed promising progress lately, suggesting a potential comeback.

Here are some notable developments.

Decentraland’s desktop app

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The metaverse platform announced Decentraland 2.0 in October, extending its accessibility beyond a web browser.

The desktop application – compatible with MacOS and Windows devices –  boasts accessibility into the virtual world.

Subsequently, the project hosted its yearly music event on the improved virtual space, with artists such as Whipped Cream performing.

Native token MANA reflected the bullish developments.

The altcoin hit six-month highs after soaring nearly 100% over the past 30 days.

Sandbox’s Alpha Season 4

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SAND has also made waves in the past few sessions.

The token gained more than 140% in November amid intensified metaverse activity.

Sandbox’s Alpha Season 4 likely contributed to the bullish performance.

The platform revealed its largest reward pool in October, with SAND worth $2.5M available for ecosystem participants.

Users can receive the rewards by completing various challenges and quests within the metaverse space.

Top brands, including Hellboy, Voice, Deep Sea, and Playboy, participated in creating the challenges.

Decentraland Stepn Altcoins Blockchain technology Crypto Crypto gaming Metaverse NFT

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