Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: trendcoin on April 20, 2022, 02:14:23 AM
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What's pumping GMT?
One major cue behind the GMT's price rally comes from STEPN's recent earnings report. Notably, the project made a profit of over $26.81 million from "royalty fees" and the sale of its "NFT Sneakers" in the first quarter of 2022, official data shows.
In detail, buying NFT Sneakers enables users to play STEPN, which, in turn, allows them to earn its in-game token, called the Green Satoshi Token (GST). Later, traders can exchange their GST rewards for SOL or USD Coin (USDC).
https://cointelegraph.com/news/solana-s-stepn-hits-record-high-as-gmt-price-skyrockets-34-000-in-over-a-month
There really is some madness going on. Jobs that have no reality and no ecosystem reach crazy values.