GMT is now 20 times since its launch, can I still buy it?
The answer is yes, you can buy it. But not now.
From Play to Earn to Move To Earn, BinanceLaunchpad has led the whole market trend, people are regretting their decision in Fomo, those who can't see the project, far beyond their own perception, but I think the success of each project is worthy of posterity, success is not an accident, it is a group of people who set a goal and work towards a It's a group of people setting a goal and working in one direction to do one thing. That's how we got to $AXS and $GMT today.
Without going into too much detail about STEPN, the most awe-inspiring thing about the product is the logic and optimisation that has made him a success, gyroscope + GPS.
Today we will only address whether it can be bought and sold, I will take AXS for a side-by-side comparison.
Listed platforms.
$AXS, $GMT also from Binance launchpad
Opening trend
Opened lower and higher, experienced 30% and 40% retracements respectively, continued upward
Market Cap.
$AXS $65, total 270m, 50% liquidity, market cap $6.5bn
GMT $2.15, total 6.0bn, 10% liquidity, market cap $1.3bn
Market Sentiment.
GMT has achieved the status of the original AXS word of mouth, you will hear from a friend who bought GMT and is making money from the run.
I think GMT will be the next AXS, the progenitor of Move To Earn. From the comparative data, GMT has moved out of the blockchain category and more traditional investors are looking at the crypto industry from this simple way of making money.
GMT prices will go through the following phases👇
It is currently in the closing stages of the first quarter and combining the charts of both, there is bound to be a 50%+ retracement adjustment for clearing out speculative users and in the medium term it will go through another consolidation to continue upwards.
On a market cap basis, a 50% retracement would be $650m, put at 10x, just about the same position as AXS.
Price: $2.15 - $1 - $5 - $3 - $10
10 is the peak price I've seen for GMT so far. With the market continuing to expand, a break above $10 is also highly likely. We'll see what happens.
This article does not constitute investment advice, DYOR
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