Can GMT reach $10?
Can GMT reach $100? The probability is currently moderate unless use cases improve and 50% of the tokens are burnt. Here is our analysis of GMT Price Prediction 2023, 2025 and 2030
Latest STEPN (GMT) USD Price
Performance of GMT
- Last 1 Month: -3.2%
- Last 12 Months: -76.1%
- Since Launch (2022): -0.4%
Exchange Dominance – Upbit: 18.9%, [No Risk]
What is STEPN GMT?
STEPN is a move-to-earn project on the Solana blockchain, that motivates users towards a healthy lifestyle while earning GMT (Green Metaverse Token) through physical activities like walking, running, or jogging. GMT, the governance token of STEPN, facilitates user participation in project voting and purchasing merchandise within the STEPN app. Earning GMT is likened to Bitcoin mining where the accumulation rate, akin to Bitcoin’s hash rate, varies with user numbers. Users can earn GMT through activities, with different earning pools available based on the type and comfort level of the sneakers used in the app. GMT also experiences a “halving” event every two years, similar to Bitcoin’s halving, reducing the rate at which new tokens are generated.
GMT’s utility extends to various in-app features such as leveling up, changing sneaker names, minting new sneakers, and upgrading existing ones. The long-term value of GMT is tied to STEPN’s user base growth and market conditions. It is currently trending lower and quite gloomy.
Can GMT reach $1?
In order for GMT to reach $1, it would need to increase by a factor of 6.3. At $1, GMT’s Market Cap will be $1.1 Billion. If GMT were to grow at a rate of 25% each year, it would take about 8 years to reach $1. Let us evaluate this data
- Quality of Investment- Good
- Growth required to reach $1- Feasible
- Market Cap at $1- Feasible
- Time required to reach $1 if GMT were to rise at 25% per annum- Feasible
Considering the criteria Quality of Investment, growth required, and time required, GMT has very good chances of reaching $1.
Can GMT reach $10?
In order for GMT to reach $10, it would need to increase by a factor of 62. At $10, GMT’s Market Cap will be $11 Billion. If GMT were to grow at a rate of 25% each year, it would take about 18 years to reach $10. Let us evaluate this data
- Quality of Investment- Good
- Growth required to reach $10- Feasible
- Market Cap at $10- Partially Feasible
- Time required to reach $10 if GMT were to rise at 25% per annum- Partially Feasible
Considering the criteria Quality of Investment, growth required, and time required, GMT has moderate chances of reaching $10.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.