The Solana-based STEPN (GMT) cryptocurrency has become the 45th in terms of total market capitalization, following the recent price hike.

Reasons for the rise and shine of the GMT digital currency:

The main reason for the GMT digital currency’s rise by 20% in the last 24 hours is due to the announcement of its addition to trading on the Coinbase platform.

According to Coinmarketcap data, the GMT digital currency, which is the governance token for the STEPN project, has risen nearly 20% in the past 24 hours to a record $4,1024.

Meaning that the price of the GMT digital currency has risen more than 3000% in the past three months, and the coin is currently among the best performing cryptocurrencies this year.

Its current market value is around $2.4 billion.

The coin's initial rally was triggered by speculation that it will partner with a major sports brand this year.

While STEPN has yet to make an announcement on the matter, the hype around this possibility has already stoked and positively affected the coin's price.

In a big push for adoption, Coinbase says it will now support the STEPN project's cryptocurrency

The world's largest NFT marketplace, OpenSea, has also published that it will now support STEPN's NFT sneaker business.

NFT sneakers give access to Move-to-earn features.