GMT Price Up Another 8% to $0.471 Today as STEPN Bull Run Continues, But is Fight Out the Better Alternative?
STEPN's bull run continues as the price of GMT tokens has just gone up 8% to $0.471 in the last 24 hours. This marks another significant milestone for the digital currency, which has seen its value increase exponentially in recent months.
With increasing investor confidence and a growing user base, it looks like GMT is set to continue its upward trajectory and become a major player in the cryptocurrency market.
Most of the uptrend in GMT is driven by the optimization in the cryptocurrency market.
An attorney for FTX, the collapsed cryptocurrency exchange, has reported that they were able to identify more than $5 billion worth of assets. On Wednesday, the US bankruptcy court was informed that the exact amount of losses suffered by customers is still uncertain.
Sam Bankman-Fried, the former CEO of FTX, is facing accusations of masterminding a massive fraud, with potential losses for investors, customers, and creditors estimated to be in the billions. Mr. Bankman-Fried has declared his innocence concerning allegations that he deceived investors.
During a hearing in Delaware, attorney Andy Dietderich informed US Bankruptcy Judge John Dorsey that FTX had managed to locate an incredible amount of resources - 5 billion dollars in cash, liquid cryptocurrency, and liquid investment securities.
The cryptocurrency market is currently in a bullish sentiment, with prices of major digital currencies such as Bitcoin and Ethereum reaching monthly highs, gaining over 20% in seven days to trade near $20,500 and $1,500 respectively.
Likewise, the current STEPN market price is $0.510331, with a 24-hour trading volume of $745 million. In addition, the token has seen a 6% increase in the past 24 hours.
According to CoinMarketCap, the current
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