A prominent cryptocurrency analyst shared his views on a Solana-based Web3 coin. Accordingly, the altcoin has great earnings potential in the future. Here are the levels to follow…
This Web3 coin has huge earning potential
Justin Bennett, a very popular cryptocurrency analyst on Twitter, shared his favorite Web3 coin project. According to Bennett, this Solana-based altcoin project has the opportunity to make big profits. The analyst shared his views with his 102,000 Twitter followers and cited Blockchain-based fitness and life app STEPN. From the analyst’s point of view, STEPN is poised to rise and is poised for a big boom. The aforementioned rise will be caused by a pattern in the altcoin’s price chart. Accordingly, the symmetrical triangle pattern on the STEPN chart is on the verge of a breakout. The analyst predicts that with this breakout, the altcoin will start an upside rally.
In his post, the analyst states that STEPN (GMT) is the Web3 coin to watch this month. He also claims that a break in the price pattern he shared and seen above will blow the price up. A break in the symmetrical triangle pattern has the potential to cause the price to move 40%. After sharing all this, the famous cryptocurrency analyst Bennett asked investors a question. Bennett said, “What do you think… Rise or fall? said.
Where will STEPN (GMT) go?
Cryptocurrency analyst Justin Bennett made another post after asking his question. In his new post, he shared another chart of Web3 coin STEPN. The chart was revealing that GMT was consistently creating higher lows. Highlighting the STEPN model, the analyst asked his over 100,000 followers: “How now?” Below you can find the graph that shows the bottoms of STEPN. At the time of writing, the GMT coin has managed to gain 21% in the last 24 hours. However, the coin was currently changing hands at $1.13 per unit. Based on what the analyst shared, we see that a big explosion in price is expected. Accordingly, the levels that GMT will follow will be $ 1.28 and $ 1.65, respectively. As cryptokoin.com reported, this represents an increase of over 40% for Web3 coin.
There are various news behind the recent rise of STEPN. Recently, Web3 coin shared its revenues from its platform. Accordingly, the cryptocurrency earned over 120 million revenues between April and June 2022. All of this revenue came from transaction fees on the platform. According to STEPN’s announcement, 5% of the aforementioned $120 million will be spent on GMT combustion. The remaining 95% of the revenue will be used for various purposes such as security and recruitment of new staff. In addition, the project also plans to produce branded products with the funds it has. Economist Alex Kruger also gave weight to STEPN and shared a post to his 140,600 followers. Accordingly, there are negative trends in GMT’s two key data points. Among them is the decrease in new users. However, the strength of the token surprises the famous economist. Launched in March of 2022, STEPN has made great progress since then.
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