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This Solana-Based Altcoin Is One To Watch This Month, Says Top Crypto Analyst Heres Why

July 19, 2022
in Altcoin
Reading Time: 3 mins read

Closely followed crypto analyst Justin Bennett is aiming for one move-earning altcoin for a potential recovery to the rise.

Bennett To tell 102,000 Twitter followers of the blockchain-based fitness and lifestyle app STEPN (GMT) may see a big breakout from the formation of symmetrical triangles.

“GMT is noteworthy this month.

This refers to 40% movement when it breaks.

What do you think … bullish or bearish? “

image
sauce: Justin Bennett / Twitter

Cryptographic analyst follow up Emphasize the recent patterns of STEPN, post higher lows,

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“How about now?”

image
sauce: Justin Bennett / Twitter

As of this writing, STEPN has skyrocketed by nearly 21% in the last 24 hours and is trading at $ 1.11. Looking at Bennett’s chart, his goals when GMT occurs are $ 1.28 and $ 1.65.

In a recent announcement, STEPN Said From April to June, it will generate more than $ 120 million in profits through platform fees, 5% of which will be allocated to redeem and burn tokens.

The remaining capital will be used to enhance security, hire new team members, produce branded products, and more.

Economist Alex Kruger too Weighed At STEPN, he told 140,600 Twitter followers that he was surprised at the strength of the token, despite the negative trends within the two key data points.

“STEPN Rewards Tokens have lost 99%, but new users are heading towards zero.

It’s amazing how GMT is holding up. “

image
sauce: Alex Kruger / Twitter

STEPN, which went on sale in early March, has grown significantly since the end of May until it stopped momentum.

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors need to do due diligence before making risky investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfer and transaction is your own responsibility and any loss you may incur is your responsibility. Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets. Also, Daily Hodl is not an investment adviser. Please note that TheDailyHodl participates in affiliate marketing.

Featured Image: Shutterstock / BNP Design Studio

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