STEPN (GMT) in recent months has been one of the favorite tokens in the Cryptocurrency market. At the time of writing, GMT has a return on investment of 32425% since its launch.

I<strong>n April, STEPN increased by over 30%. However, some of the reasons why GMT might surge to higher psychological resistances in the weeks ahead are:</strong>
<ul>
 	<li>A recent listing in top exchanges</li>
 	<li>Expected launch of its sneaker renting platform</li>
 	<li>Hype within the move to earn tokens</li>
 	<li>Addition of its sneaker NFT on OpenSea</li>
 	<li>Possible formation of double bottom</li>
 	<li>Partnerships with top brands</li>
</ul>
<h2><strong>A recent listing in top exchanges</strong></h2>
A few weeks ago, STEPN (GMT) was listed in Coinbase and Gemini. These two exchanges are among the biggest cryptocurrencies exchanges in the United States and the world. With the high volume of trades associated with them, more users of the exchanges can now trade on the token without any need to transfer their assets to other exchanges to purchase them. This has increased its adoption.
<h2><strong>Expected launch of its sneaker renting NFT</strong></h2>
The team associated with STEPN is very active in the development of means of increasing its use and adoption. One of such is the expected launch of its renting sneakers. This will allow investors to purchase more of the sneakers and rent it out to other users who cannot afford them. The earnings will be shared between the borrower and the lender. With this, there will be high demand for these sneakers which can as well be sold in the platform for GMT.
<h2><strong>Hype within the move to earn tokens</strong></h2>
Move to earn tokens has shown very high rewarding returns on investment. This strong positive sentiment has made Investors to acquire more of them with the belief that one of them might give big returns soon just as was observed in meme tokens in the past year.
<h2><strong>OpenSea listing of its sneaker NFT</strong></h2>
OpenSea is one of the nonfungible tokens markets that led to explosive returns in the industry. This addition of the Solana-based sneaker NFT will allow investors who might not be interested in fitness activities to purchase and hodl the tokens. This could lead to a very high demand for GMT as it gets added to different platforms.
<h2><strong>Possible formation of double bottom</strong></h2>
STEPN (GMT) has a possibility to decline to around $3.18 soon. This is due to the present consolidating market. However, if it attains this price, a double bottom would be formed. Since it is one of the most important trading patterns, investors should expect a possible surge in its price to about $3.50 soon.
<h2><strong>More partnership</strong></h2>
There is a high possibility that top sporting companies will partner with STEPN to advertise their sneakers. This is one of the factors that lead to the growth of Socios token (CHILIZ). This will expose other investors to the real-life use of GMT.

With the following reasons, we should expect a rise in the price of STEPN (GMT) in the coming weeks.

STEPN (GMT) Might Surge in Weeks Ahead

Chukwuemeka Raphael is an author and cryptocurrency news writer/analyst. As a Mathematics graduate and trained analyst, he combines his Math knowledge and strong reading culture in contributing content and analysis for the development of cryptocurrency and blockchain space.

STEPN (GMT) Might Surge in Weeks Ahead

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