Cryptocurrency pyramid token STEPN is predicted to fall next week

Experts warn STEPN users about the risk of a drop in the STEPN price next week. This is due to the regulatory policy of the Chinese authorities — the day of closing accounts of mainland Chinese users is approaching.

Due to the position of the Chinese government, STEPN announced in May this year that it would stop providing services to Chinese users. on May 26, the price of the GST token reacted to this news by falling — it plummeted from $ 1.20 to $ 0.80.

The deadline for STEPN’s management to delete all accounts in China is next week, July 15. In its statement, the team said that it has not conducted any activities in mainland China since its founding.

Experts will be closely monitoring the market on July 15. For example, trader Ahmad Manasrach expects STEPN’s price to fall to the $ 0.70 range.

Since the May announcement, STEPN’s market capitalization has dropped from $ 825 million to $ 613 million. Since then, the STEPN ecosystem has not recovered.