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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
0.6231
Current Supply
5703353881.4133005
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 STEPN price predictions for the rest of 2022, there are divergent opinions. PricePrediction.net expects an upturn towards $0.928419, and WalletInvestor echoes with ~$1.065501 by the year’s end. Other experts, for example, from TradingBeast, are more pessimistic about STEPN’s future price, citing numbers downwards of $0 in December.
Potential ROI: 7% Buy

STEPN Price Prediction for 2023

In their STEPN price predictions for 2023, WalletInvestor’s forecasts the coin’s price to go above $0.760182 by December. Forecasting STEPN's future, PricePrediction.net expects further growth, too, saying the STEPN price will reach ~$0.903495 by that time. On the contrary, TradingBeast keeps predicting STEPN price decline, quoting prices around ~$0 in 2023.
Potential ROI: -11% Sell

STEPN Price Prediction for 2024

STEPN price predictions for 2024 are still predominantly negative, with some analysts promising prices in the $0–$0.392553 range (TradingBeast, WalletInvestor), while PricePrediction.net takes a different view and cites the possibility of the price reaching $1.034346 in December 2024.
Potential ROI: -24% Sell

STEPN Price Prediction for 2025

WalletInvestor has only optimism in store for the 2025 STEPN price prediction, valuing STEPN at $0.697872 by the end of 2025. PricePrediction.net agrees with a positive forecast and predicts, in turn, $0.990729 for the same period. On the other hand, TradingBeast’s team is more pessimistic — their STEPN price prediction for December of this year is just $0.
Potential ROI: -10% Sell

STEPN Price Prediction for 2030

Most experts are expecting a bleak future for STEPN: long-term STEPN price predictions promise significant decline by 2030. PricePrediction.net predicts the price to reach $0.567021, while WalletInvestor goes down for $0.305319. TradingBeast also puts not so big hopes on STEPN in the long term: its STEPN prediction for 2030 is $0.
Potential ROI: -53% Sell
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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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