STEPN'S PRICE MAY FALL SOON
Experts warn STEPN users of the risk of a fall in the price of STEPN next week. It has to do with the Chinese regulator. The day of closing the accounts of users in mainland China is approaching. Due to the policy of the Chinese government, STEPN announced in May this year that it will stop providing services to Chinese users. On May 26, the price of the GST token reacted to this news by falling.
The deadline for STEPN management to delete all accounts in China is this week, July 15th. In a statement, the team said it has not had any activities in mainland China since its founding.
Meanwhile, the events of the next week may have a negative impact on the price of the cryptocurrency. For example, Huobi's recent exit from China has had a huge impact on its earnings. Huobi also faced harsh regulations and was forced to delete mainland user accounts.
Experts will closely monitor the market on July 15th. For example, trader Ahmad Manasrah expects GMT price to fall to the $0.70 range.
Following the May 26 announcement, the GMT price dropped sharply from $1.20 to $0.80. At the time of writing, the price of STEPN is trading at $1.01, up 0.13% over the past 24 hours, according to CoinMarketCap. GMT's market capitalization also dropped from $825 million to $613 million after the May announcement. During this time, the STEPN market never recovered.
#NFT
Experts warn STEPN users of the risk of a fall in the price of STEPN next week. It has to do with the Chinese regulator. The day of closing the accounts of users in mainland China is approaching. Due to the policy of the Chinese government, STEPN announced in May this year that it will stop providing services to Chinese users. On May 26, the price of the GST token reacted to this news by falling.
The deadline for STEPN management to delete all accounts in China is this week, July 15th. In a statement, the team said it has not had any activities in mainland China since its founding.
Meanwhile, the events of the next week may have a negative impact on the price of the cryptocurrency. For example, Huobi's recent exit from China has had a huge impact on its earnings. Huobi also faced harsh regulations and was forced to delete mainland user accounts.
Experts will closely monitor the market on July 15th. For example, trader Ahmad Manasrah expects GMT price to fall to the $0.70 range.
Following the May 26 announcement, the GMT price dropped sharply from $1.20 to $0.80. At the time of writing, the price of STEPN is trading at $1.01, up 0.13% over the past 24 hours, according to CoinMarketCap. GMT's market capitalization also dropped from $825 million to $613 million after the May announcement. During this time, the STEPN market never recovered.
#NFT
STEPN'S PRICE MAY FALL SOON
Experts warn STEPN users of the risk of a fall in the price of STEPN next week. It has to do with the Chinese regulator. The day of closing the accounts of users in mainland China is approaching. Due to the policy of the Chinese government, STEPN announced in May this year that it will stop providing services to Chinese users. On May 26, the price of the GST token reacted to this news by falling.
The deadline for STEPN management to delete all accounts in China is this week, July 15th. In a statement, the team said it has not had any activities in mainland China since its founding.
Meanwhile, the events of the next week may have a negative impact on the price of the cryptocurrency. For example, Huobi's recent exit from China has had a huge impact on its earnings. Huobi also faced harsh regulations and was forced to delete mainland user accounts.
Experts will closely monitor the market on July 15th. For example, trader Ahmad Manasrah expects GMT price to fall to the $0.70 range.
Following the May 26 announcement, the GMT price dropped sharply from $1.20 to $0.80. At the time of writing, the price of STEPN is trading at $1.01, up 0.13% over the past 24 hours, according to CoinMarketCap. GMT's market capitalization also dropped from $825 million to $613 million after the May announcement. During this time, the STEPN market never recovered.
#NFT
