The post STEPN Price Prediction 2024, 2025, 2030: Will GMT Price Reach $0.50 This Year? appeared first on Coinpedia Fintech News
The crypto space has been cordial to budding projects in the industry. A number of which cater to diverse sectors of the business. One such project is STEPN, which has taken the business by storm, with its unique approach.
STEPN is a web3 foundation lifestyle application, which holds elements of SocialFi and GameFi. The project is home to its native token GMT, which had posed euphoric runs in the past.
The protocol has lured in several investors with its reward policies and industry-unique approach. Are you one of the many, who have been considering GMT for investments? Look no further, as this write-up will cover the feasible price predictions for 2024 and the years to come.
Cryptocurrency | GMT |
Token | GMT |
Price | $ 0.23056677 -4.54% |
Market cap | $ 443,468,503.0619 |
Circulating Supply | 1,923,384,269.4444 |
Trading Volume | $ 29,585,366.3845 |
All-time high | $4.11 on 28th April 2022 |
All-time low | $0.1003 on 11th March 2022 |
24 High | $ 0.2448 |
24 Low | $ 0.2280 |
*The statistics are from the time of publication.
The GMT price continues to hover close to its crucial support level of $0.2275, indicating a strong bearish influence for the altcoin in the cryptocurrency industry. Moreover, the EMA 50/200-day shows a Death Cross in the 1D time frame, suggesting a bearish outlook for the STEPN token in the coming time.
The technical indicator, MACD, displays a constant flatline, indicating weak buying and selling pressure for the altcoin in the market. Further, the averages show a neutral trend, suggesting uncertainty in future price action.
If the market holds the price above its crucial support level of $0.2275, the bulls will regain momentum and prepare to test its upper resistance level of $0.30 this month. However, bearish price action may pull the price toward its new lows.
On a positive note, the project might attract notable adoptions, collaborations, and big-money investments, wherefore, the price could rocket to $0.421.
Howbeit, a possible financial crisis or regulatory clampdowns might drop the price to $0.286. Constrained by the linear momentum, the average price might settle at $0.353.
Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
2024 | 0.286 | 0.353 | 0.421 |
2025 | 0.355 | 0.433 | 0.511 |
2026 | 0.427 | 0.538 | 0.650 |
2027 | 0.564 | 0.679 | 0.795 |
2028 | 0.681 | 0.801 | 0.921 |
2029 | 0.822 | 0.980 | 1.138 |
2030 | 1.00 | 1.25 | 1.50 |
By the end of 2025, the industry could thrive in the fields of Web 3.0 and NFTs. The results of this could reflect on STEPN, in such a case, the price might drive to its potential high of $0.511.
On the flip side, emerging rivals and ebbing stance might knock the price down to $0.355. Considering the bullish and bearish targets, the average price might be $0.433.
According to our analysts, GMT coin price prediction for the year 2026 could range between $0.427 to $0.650 and the average price of Stepn could be around $0.538.
According to our analysts, GMT crypto prediction for the year 2028 could range between $0.564 to $0.795 and the average Stepn coin price could be around $0.679.
According to our analysts, Stepn’s forecast for the year 2029 could range between $0.681 to $0.921 and the average GMT coin price could be around $0.801.
According to our analysts, GMT predictions for the year 2030 could range between $0.822 to $1.138 and the average Stepn price could be around $0.980.
According to our analysts, GMT predictions for the year 2030 could range between $1.00 to $1.50 and the average Stepn price could be around $1.25.
Firm Name | 2024 | 2025 | 2030 |
Wallet Investor | $0.127 | $0.137 | – |
priceprediction.net | $0.168 | $0.235 | $1.58 |
DigitalCoinPrice | $0.69 | $0.96 | $2.89 |
*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.
As per CoinPedia’s formulated price prediction of STEPN’s (GMT). Considering the vision of the project and the developments in the pipeline. The altcoin could trade as high as $0.421 by the end of 2024. On the downside, it could face south to $0.286.
STEPN was founded in August 2021, by Australian entrepreneurs Yawn Rong, and Jerry Huang. Mr. Yawn holds expertise in blockchain and had 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 an ambassador for Algorand.
On the other hand, co-founder Jerry is a game developer and founder of Falafel Games. The project has raised around $5 M in a seed round from venture capital firms such as Sequoia Capital, Folius Ventures, and Solana Capital, amongst others. STEPN employs the dual-token thesis, whilst GST is the utility token, GMT is the governance token.
The utility token boasts an unlimited supply and is rewarded to users for movement. It also has burn mechanisms to counter inflation. Conversely, GMT is rewarded after the users have leveled up their sneakers to level 30. There are a total of 6 billion GMT in supply, it is learned that GMT would be halved once in three years.
In an ocean of crypto assets, STEPN distinguishes itself as a Web 3.0 lifestyle application. Which holds elements of socialFi, and gameFi. The protocol is the first NFT project, which employs the “Move-to-earn” concept. STEPN enables users to buy NFT sneakers, through which, the users can earn currencies, whilst walking, jogging, or running.
The project focuses on revolutionizing the industry with its presence in fitness. While also helping users to monetize, whilst leading a healthy lifestyle. STEPN also counters problems like “Proof-of-Movement”. In March 2022, the project released its governance token GMT, which stands for “Greener Metaverse Token”.
The native token is on Solana and allows holders to propose and vote on developments and the distribution of treasury.
CoinPedia has dedicated a team of expert analysts to cover the possible crypto price prediction and sum it all up in one place, just for you!
STEPN is built on the Solana blockchain.
The price of GMT could soar as high as $0.421 by the end of 2024.
GMT stands for “Greener Metaverse Token”.
The altcoin could claim its potential high of $0.511 by the end of 2025. With a potential surge, the price may go as high as $1.50 by the end of 2030.
STEPN is available for trade across Binance, OKX, Bybit, FTX, and Bitget.
At the time of publishing, the price of 1 STEPN coin was $0.2301.
The post STEPN Price Prediction 2024, 2025, 2030: Will GMT Price Reach $0.50 This Year? appeared first on Coinpedia.org.