With recent updates, upgrading & minting #STEPN virtual sneakers are now more troublesome because while you earn $GST for running, you need $GMT to do these.
So you'll typically want to convert some $GST into $GMT, but when's a good time?
Let's find out using @tradingview 👇🧵
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@tradingview has long been a staple tool for TradFi traders, but cryptocurrency support has vastly improved over the past few years and now most popular coins are supported.
Head over to tradingview.com/gopro/?share_your_love=kraussian and sign up for a free account, if don't have one.
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Now comes the fun part.
Click on "Chart" at the top to go to the charting screen. Then click on the ticker symbol at the top left to search.
Normally you would search for a particular symbol such as "SOLUSD".
Instead, type "BINANCE:GMTUSD/BITTREX:GSTUSD" and boom!
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So @tradingview allows you to enter a formula to chart a "composite quote" like this.
Now you can see how $GMT is faring against $GST, and decide whether it's the right time to exchange or if you'd want to hold off a bit.
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Looking at the current charts, GMT/GST is at its lowest point in a month so feels like a good time to exchange some.
Of course, you might argue GMT/GST shows a strong downtrend & may drop further.
But at least now you can make an informed decision!