STEPN rallies by >200% in a week, thanks to its…

ambcrypto.com:

The top 100 alts have seen some high-flying coins and tokens in recent weeks. So naturally, an investor such as yourself might be wondering if it’s time to expand your portfolio. While scanning CoinMarketCap, you might have met STEPN [GMT], a BEP-20 token and the #79 biggest crypto by market cap.

At press time, GMT was trading at $2.27, after falling by 6.30% in the last 24 hours. However, it shot up by 111.44% in the last week. Looks like a step above your usual cryptos, but here’s what you need to know.

On 3 April, GMT saw a weekly rally of 224.30%. In fact, the token’s price went from around $0.1 in early March to $2.95 in early April, before corrections brought it down to its press time price.

But what’s gotten STEPN a lot of eyeballs is its announcement that it had broken through the $1 billion mark and was thus a unicorn. At press time, GMT’s market cap was $1,369,154,977.

— STEPN | Public Beta Phase III (@Stepnofficial) April 4, 2022

So what’s the deal with STEPN? According to its website, the self-described “move2earn NFT mobile app” aims to get users into fitness – and Web 3.0 – by making them run with an NFT sneaker, so they can earn GST [Green Satoshi Token] or GMT [Green Metaverse Token].

According to a Google document attached to the official project, STEPN’s creator is a fintech firm based in Australia called Find Satoshi Lab. However, one thing users should note about- GMT’s tokenomics is its unpredictability. The whitepaper explained,

“The system constantly adds