Stepn is a move-to-earn project built on Social-Fi and Game-Fi elements. It is powered by the Solana blockchain. Players can earn GMT by walking, running or jogging outdoors. The main reason for STEPN is to inspire users to adopt a healthy lifestyle and also to help users earn money by adopting a healthy lifestyle.
GMT Performance
- 1 month: -25.0%
- 3 months: -50.8%
- 12 months: +46.7%
Table of Contents:
Is GMT Coin a good investment?
Green Metaverse Token or GMT is the governance token of STEPN. It is a “move-to-earn” application token for health and fitness. GMT allows its users to vote for projects and also to purchase merchandise from the STEPN app.
How to earn GMT?
GMT Earning is similar to Bitcoin Mining
- Level 30 Sneaker gains GMT
- Halving GMT emissions 2 years after the start of GMT gain.
- Similar to hash rates on Bitcoin, GMT gain changes based on the number of users
- Variety of GMT gain pools depending on sneaker type and comfort levels
What is the GMT token for?
- GMT is a governance token of STEPN that is usually used to distribute game profits among users.
- GMT is earned by participating in activities on the STPEN platform.
- Unlike GST which is used for sneaker repair work on STEPN, GMT is used to go to a higher level on the STEPN platform.
- GMT comes into play when a user wants to change the name of the sneakers they own.
- GMT is also used to mint new sneakers and also update sneakers on STEPN.
- With GMT users can access more in-app features on STEPN.
In the long run, GMT Coin is a good investment.
The GMT use cases are clear, but the barrier to adoption could be high due to existing competitors in the sneaker space. Second, community accumulation has been quite low. For example, Luna Classic which has one of the most aggressive communities has mentioned LUNC 45k times in the last 24 hours, the equivalent number of GMT is 3.5k.
STEPN Price Prediction: How High Can GMT Coin Go?
Since its launch, GMT has had a higher ROI than most larger cryptocurrencies. GMT’s all-time high was above $4, so this indicates that GMT has the potential to go higher.
However, how high the GMT can go will completely depend on improving market conditions and, above all, increasing the user base of STEPN, a play-to-earn app. The utility of GMT and other tokens of STEPN, GST. The usefulness of both tokens is directly related to the user base of the STEPN app. If the number of STEPN users increases, the use of GMT will also increase, and in turn, the price of STEPN will increase.
Taking a conservative call and using some calculations, here’s how high GMT could go in the future:
If GMT earns 50% annually, by the end of 2030, the GMT price will be around $15.
If GMT gains 10% annually, by the end of 2030 GMT will be valued at less than $1.5.
GMT Price Prediction 2023, 2025 and 2030
STEPN GMT Price 2023 prediction is $0.632
STEPN GMT Price 2025 prediction is $1,082
STEPN GMT Price Prediction 2030 is $4,426
Will GMT reach $1?
To reach $1, GMT needs to grow 3.33 times, considering its current market price of $0.30.
GMT reached its all-time high of $4 in April 2022, where it grew 4-fold in a single month (from a lower value of $1 in March 2022). Thus, GMT can reach a price level of $1 in less than a month.
However, it will definitely need more time to reach $1 due to unfavorable macroeconomic conditions and liquidity factors. According to the data, liquidity conditions are still not suitable for the growth of the cryptocurrency market, and inflation is also expected to remain warm.
However, considering past GMT movements, reaching $1 is the easy goal for STEPN, once market conditions ease.
Will the GMT reach $10?
GMT is currently priced at $0.3; Therefore, it must grow 33.3 times to reach a price level of $10.
As we discussed, GMT took a month to grow 4 times, therefore, it can reach $10 in less than 9 months.
Again, due to unfavorable market conditions of inflation and liquidity, GMT can certainly not achieve that target in the next 9-10 months. Instead, it would need much more time. However, reaching $10 is certainly feasible for GMT once market conditions turn out to be in its favor.
GMT Coin Price Prediction: How to Buy STEPN (GMT)?
Buying STEPN like any other cryptocurrency requires similar steps to follow. The only difference will be exchanges where STEPN is listed for trade.
Here are the steps to buy STEPN:
- Select the exchange or broker that provides Shiba Inu coin for trade
- Create your account with Exchange.
- Once you’ve created your account, verify your account using any of your ID cards.
- Link the account that will be used to fund the wallet.
- Once the account is linked, fund the wallet
- Buy STEPN coin using the added funds.
