Is STEPN (GMT) crypto buzzing due to its latest announcement? Find out

July 16, 2022 12:23 AM AEST | By Raza Naqvi

Is STEPN (GMT) crypto buzzing due to its latest announcement? Find out — Image source: © 777ers | Megapixl.com

Why is STEPN (GMT) crypto rising?

The STEPN (GMT) crypto could be rising due to the announcement of DEX DOOAR. The Web3 lifestyle application said its most recent effort to develop additional revenue sources is DOOAR.

The protocol said DOOAR is its Decentralized Exchange (DEX), and it is passionate about it because it looks for ways to use the resources at its disposal to benefit the people in the community.

The lifestyle application revealed that it was aware since the app's creation that it would be producing an enormous volume of trading. Hence, the protocol created DOOAR so that users can constantly swap to and from its native tokens to either pay out or reinvest into the game.

STEPN claimed that since DOOAR's introduction a month ago, the usage volume and statistics have been astounding. However, that does not mean that investors don't research before investing.

Using your research methodology and understanding the risks before investing in any digital currency is important.

Bottom line

The total and maximum supply of the STEPN (GMT) crypto is six billion, and its circulating supply is 600 million, according to CoinMarketCap. Meanwhile, the cryptocurrency trades of crypto exchanges like MEXC, BingX, Binance, and Bybit.

As the digital currency market continues to record major price fluctuations, investors must evaluate their risk-taking capacity before putting their money in the market.

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