STEPN Price Prediction: Why GMT Coin Is Rising?

With the increasing growth and adoption of the NFT technology, the analysts believe that in the near future NFT will drive the development of crypto. Recently the governance token of a run-to-earn NFT mobile game STEPN spiked over 40%, while most of the market was struggling to break resistance. Read our STEPN coin price prediction to understand how the surge happened and for how long the asset will rise.

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STEPN Fundamental Analysis

Project name
STEPN
Stock Symbol
GMT
Current Price
1.581
Current Supply
5904226826.907529
Official Website

STEPN is a Web3 Lifestyle App with GameFi and Social-Fi elements, launched on Solana blockchain. It is a Move2Earn NFT game combined with the fitness app, where the players can get NFT sneakers and then earn tokens by walking, jogging, and running. STEPN aspires to revolutionize the market of fitness applications and motivate people to live a more healthy lifestyle.

Through the outside activities, the users get Green Satoshi Token (GST). Each pair of sneakers return GST at different rates depending on the efficiency attribute. The app plans to add a Marathon mode in the future with weekly and monthly races, so the users can earn and compare their achievements and win extra rewards for the top ranks.

The project was founded in August 2021 by Australian entrepreneur Yawn Rong and game developer Jerry Huang. STEPN raised $5 million in a seed round from big venture capital companies like Solana Capital, DeFi Alliance, Folius Ventures, etc.

The App was launched in December 2021 and started trending soon after, jumping from 1500 daily users in January to more than 100 000 in April. According to the STEPN blog post from April 1, the company earned almost $29 million from the sneaker NFTs.

The project follows a dual-token model, with GST utility asset and GMT as a governance token for the app. Users get the possibility to earn GMT after they update their sneakers to level 30. The total supply of GMT is 6 billion tokens. The halving of the total release is halved every three years.

STEPN Live Price Chart

From March 9, the price of the GMT token was rising monstrously starting from $0.01 and reaching the all-time high of $4.11 on April 24. It reached the first milestone of $0.4 in the first 5 days, went for a short and mild correction and continued to grow. On March 28 the GMT token was already traded for $0.78 but in the last days of the month skyrocketed to $2.1.

On April 1, the STEPN governance token reached $3.09, but couldn’t sustain the price and was rejected to a new support level of around $2.1. The token was steadily gaining the price for the next 2 weeks and then jumped to $3 again on April 19. The GMT value then was corrected and then surged again on April 27 going from $3.3 to $3.8 and then to the all-time high.

The price of the GMT coin gained around 45% of the price during the last week. Since the beginning of the month, the STEPN token price chart was strongly bullish and according to all the indicators, the bullish tendency for GMT will continue in the near future.

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STEPN Technical Analysis

Despite the fact that 100% accurate technical analysis for STEPN cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated GMT buy-and-sell rating for selected timeframe. The summary for GMT/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

STEPN Price Prediction

Below we have collected the most reliable price projections for STEPN (GMT) from popular forecast platforms.

STEPN Price Prediction for 2022

As of the end of 2022, STEPN price predictions remain predominantly positive, with some analytics promising the price at about $1.79658, while WalletInvestor even cites the possibility of the price reaching $9.228 by the end of the year.
Potential ROI: 173% Buy

STEPN Price Prediction for 2023

According to WalletInvestor, in 2023 STEPN investors should expect price growth to $21.235, which seems a good reason to consider STEPN as an investment option. PricePrediction.net, in turn, predicts the price increasing to $2.79, and TradingBeast agrees with a predicted growth to $3.27695.
Potential ROI: 476% Buy

STEPN Price Prediction for 2024

The experts are unanimous in their STEPN price forecasts for 2024 — everybody expects STEPN’s price to grow by the end of that year. TradingBeast predicts the price growth reaching $3.94387. According to WalletInvestor’s research, STEPN’s price can go up to $33.13. PricePrediction.net’s forecast is also positive: its analysts hold the view that by 2024 STEPN’s price will be about $4.21.
Potential ROI: 770% Buy

STEPN Price Prediction for 2025

Both TradingBeast and WalletInvestor predict the STEPN market to grow in 2025, resulting in $4.38237 and $45.026 by the end of the year respectively. Other STEPN price forecasts support the idea: PricePrediction.net forecasts STEPN to reach $6.24 by December 2025.
Potential ROI: 1073% Buy

STEPN Price Prediction for 2030

Most experts are expecting an encouraging future for STEPN: long-term STEPN price predictions promise significant growth by 2030. TradingBeast predicts the price to reach $4.820607, while PricePrediction.net goes for $38.86. WalletInvestor also puts big hopes on STEPN in the long term: its STEPN prediction for 2030 is $88.25096.
Potential ROI: 2682% Buy
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Summary

As it can be clear from the analysis cited above, STEPN (GMT) projections are rather contradictory. There is no universal consensus either about positive or negative future GMT price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the STEPN projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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