In the wake of its ICO in early March, Stepn’s Green Metaverse Token (GMT) appreciated steadily, punctuated by three major spikes in April. What can the resilient performance of this new coin tell us about the prospects of other cryptocurrencies looking to launch in the near future?
GMT is the governance token in Stepn’s metaverse and completes his move to earn Green Satoshi Token (GST). Its value has been supported by a shift by some consumers who have chosen to move away from gambling to win and towards the emerging travel-to-win model, which rewards physical activity. While GST’s downside risk is mitigated by its steadily growing user base, GMT has benefited from the intrinsic appeal of the model’s connection to the real world. Stepn sells NFT shoes that users can wear, repair, and resell, and uses the proceeds to control the availability of GMT tokens.
The Mushe Token (XMU) is a decentralized governance/reward token currently built on the Ethereum blockchain that is designed to bridge the crypto and fiat-based financial services domains. It plans to migrate to the open networks of Stellar and Solana in the near future, where it will join a rapidly growing ecosystem of financial institutions, fintech companies and financial service providers.
An April 27 announcement that GMT will soon be listed on Coinbase sent the token’s price up more than 20%. This spike triggered a small selloff, during which a bullish flag formed, which was confirmed the next day. A similar bull flag, this one with a target of around $5.00, formed on the 28th and continued through the 29th. Overall, GMT price rose over 30 % over the week, continuing a trend that has rewarded GMT owners since its ICO.
Over the same period, Mushe also experienced good growth. XMU tokens, which when it opened its pre-sale debuted at $0.005, are now selling at $0.01952 per token, an astonishing increase of over 290% over the past two weeks. The excitement and interest generated by the project makes it a go-to token for many crypto early birds who like to get into the “ground floor” of projects.
While GMT’s performance is driven by good timing. It owes its long-term prospects to a stable ecosystem and a value proposition rooted in real-life investors. It looks like an even more intriguing token whose pre-sale performance suggests that great things lie ahead in these crucial respects.
The XMU presale launched in mid-April has nearly quadrupled in value, and with more than three weeks remaining in Stage 1 of the presale, many are hoping the token can exceed Stepn’s expectations.
Like GMT, XMU’s spring success is mainly due to its position between the online world and the real world. Unlike play-to-move tokens, the appeal of XMU lies in its ability to facilitate a massive pre-existing sector. The global financial services market is worth over $22 trillion, and XMU is uniquely positioned to bring traditional financial services into the crypto sphere.
The first stage of the XMU presale ends on May 24and and is limited to 50% of all presale tokens minted. An additional 35% will be available from May 25and to June 26andand the remaining 15% of the XMU presale will be available within nine days of its official release on July 4and start.
Learn more about Mushe (XMU)
Official site: https://www.mushe.world/
Pre-sale registration: https://portal.mushe.world/sign-up