The cryptosphere has been generous to sprouting projects in the industry. Many of which cater to diverse sectors of the industry. One such project is STEPN, which has devastated businesses with its unique approach. STEPN is a Web 3.0 lifestyle application, with elements of SocialFi and GameFi.
The protocol has attracted many investors with its reward policies. Steppen’s GMT has been one of a handful of tokens that have featured an upbeat price run, amid the trading turmoil. Are you one of those who are considering GMT for investment? Look no further, as this write-up will cover viable price forecasts for 2022 and the years to come.
Observation
cryptocurrency | step |
token | GMT |
USD value | $1.43 |
market cap | $858,011,920 |
circulating supply | $600,000,000 GMT |
trading volume | $1,021,045,532 |
all time high | $4.11 (April 28, 2022) |
All time low | $0.1003 (March 11, 2022) |
Stepan (GMT) Price Prediction for 2022
less likely | Average price | potential high |
$2.714 | $3.51 | $4.248 |
After the success of STEPN’s IDO in the month of March. Spotted trading at the price of its native token GMT $0.0193, on March 9. STEPN being a new project, welcomed many new investors. which surprisingly helped raise the price 49,512.19% To $3.1499 until 1 April. After that, the digital asset corrected itself to the surrounding level. $2.132 during the next week.
Subsequently, the digital token climbed $3.853 until 19 April. after a pullback to $3.12 until 21 April. GMT price rises to its ATH $4.11 on 28 April. The RSI broke well above the overbought areas and called for a dip. who paid the price $0.88, on 12 May. The crypto asset is currently sticking close to its support levels $1.427,
Q2. Price Prediction for Stepan (GMT)
Moving on to the quarter, if GMT price manages to form green candles. Further seeking incentives from buyers, the price may close the quarter at maximum $2.158, On the downside, continuation of bearish dominance could limit the price to the downside $1.154, That said, buying and selling pressure can land at the equilibrium price. $1.819,
Q3. GMT forecast for
Successful integration of upgrades from last quarter. In-app wallet upgrades, multi-chain wallet upgrades and multi-chain marketplace upgrades can yield positive results over time. In addition, third quarter ready developments such as achievement system, discovery system and rental system may be mandatory for STEPN.
Therefore, the GMT price could rise to its potential higher. $2.901, Conversely, failing to commit to your initiative, the price may drop. $2.38, Constrained by linear momentum, can settle on the mean value $2.067,
STEPN’s prediction for Q4
Fourth quarter optimism and positivity, complemented by community-building initiatives. e.g. online marathons, and community events can drive up the price $4.248, Conversely, failing to pick up steam, altcoins could fall $2.714, Taking into account the bullish and bearish targets, the average price may land at $3.51,
Price Forecast for 2023
If the creators of the protocol employ community driving initiatives and incentives. Price can get max $9.949 till 2023. However, the long dominance of the bears could push the price down. $3.87,
GMT price prediction for 2024
On a positive note, the project could attract notable adoption, collaboration and big money investment, therefore, the price could go up. $21.212, However, a potential financial crisis or regulatory clampdown could push the price down. $9.446,
2025. price trajectory for
By the end of 2025, the industry could flourish in the field of Web 3.0 and NFTs. The results of which may reflect on STEPN, in which case, the price may reach its potential high $44.376, On the other hand, emerging rivals and a weak trend may push the price down. $18.317,
Year | less likely | potential high |
2023 | $3.87 | $9.949 |
2024 | $9.446 | $21.212 |
2025 | $18.317 | $44.376 |
What does the market say?
Wallet Investor:
As predicted by Wallet Investor, the price may rise to $10.204 in GMT 2022. Whereas a reversal in the trend could bring the price down to at least $8.074. Buying and selling pressure can bring the equilibrium price to $9.123. The forecast has set a maximum closing target of $22.092 and $46.217 for 2023 and 2025, respectively.
Official Capital:
According to Government Capital, it may close its trade for GMT 2022, with a maximum price of $10.745. The firm’s analysts set minimum and average price targets for the year at $7.945 and $9.344. The forecast is expected to rise to $36.873 by the end of 2025 GMT.
digital coin value
Digital Coin Price predicts that the altcoin will reach its potential high of $1.97 by the end of 2022. The company also offers a host of predictions for the long term. The GMT price is expected to climb to $2.22 by the end of 2023 and $2.97 by the end of 2025.
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What is Steppen (GMT)?
In an ocean of crypto assets, STEPN differentiates itself as a Web 3.0 lifestyle application. Which has elements of socialfi and gamefi. The protocol is the first NFT project to employ the “move-to-earn” concept. Stepen enables users to buy NFT sneakers, through which, users can earn currencies while walking, jogging or running.
The project is focused on revolutionizing the industry with its presence in fitness. While helping users monetize while leading a healthy lifestyle. STEPN also tackles problems such as “movement of evidence”. In the month of March 2022, the project released its governance token GMT, which means “Greener Metaverse Token”.
The native token is on Solana and allows holders to propose and vote on the development and distribution of the treasury.
fundamental analysis
STEPN was founded in August 2021 by Australian entrepreneurs Yeon Rong and Jerry Huang. Mr. Yeon specializes in blockchain and previously founded Crypto SA. Which is a crypto fund and pro-regulation auditor. He has served as a representative of the South Australian Blockchain Association. And also as ambassador of Algorand.
On the other hand, co-founder Jerry is a game developer and founder of Falafel Games. The project has raised approximately $5 million in a seed round from venture capital firms such as Sequoia Capital, Folios Ventures and Solana Capital. STEPN employs the dual token thesis, while GST is utility token, GMT is governance token.
The utility token boasts of unlimited supply and users are rewarded for movement. It also has a burn mechanism to counter inflation. Conversely, GMT is rewarded after users level their sneakers to level 30. There are a total of 6 billion GMT in supply, it is learned that GMT will be halved once in three years.
our price prediction
According to Coinpedia’s STEPN (GMT) price forecast. Keeping in view the vision of the project and developments in the pipeline. altcoins can trade as high $4.2 by the end of 2022. On the downside, it can face south to $2.7,
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general question
A: STEPN is built on the Solana blockchain.
A: GMT stands for “Greener Metaverse Token”.
A: Stepan is available to trade on Binance, OKEx, Bybit, FTX and Bitgate.
A: The price may increase to $4.248 by the end of 2022 GMT.
A: The altcoin can claim its potential high of $44.376 by the end of 2025.