Green Satoshi Token Price Prediction 2023: Will GST Rise Above $10?

Read about Green Satoshi Token Price Prediction 2023, 2025 and 2030.

Will GST rise above $ 10? Read on

---

Green Satoshi Token (GST) Price

Green Satoshi Token Price Prediction 2023: Is GST a Good Investment?

Green Satoshi Token or GST is one of the two cryptos from the house of STEPN, the other one being Green Metaverse Token or GMT.

What is STEPN?

STEPN is a Web3-based smartphone running application based on the Solana blockchain. The aim of STEPN is to help its user have a healthy way of life. The play-to-earn app, STEPN allows users to earn money by walking, jogging, or running. The reward from STEPN is in form of a Green Satoshi Token (GST) which is credited to a crypto wallet of the users.

What is Green Satoshi Token?

Green Satoshi Token is one of the tokens from the house of Stepn. The other token from STEPN ecosystem is Green Metaverse Token or GMT. Here are some facts about Green Satoshi Token:

• Green Satoshi Token (GST) is a Solana token that powers STEPN.
• The objective of introducing the move to earn tokens is to urge the population to lead a healthy way of life.
• STEPN has come up with two cryptos, GST and GMT and both cryptos have their own purpose. GST is used to mint the new NFT sneakers. GST can also be sold to gain profit. GMT on the other hand is used as a customization fee.
• There are limited Green Satoshi Tokens in the market. The total supply of GST is 339,975,417 while the current circulating supply of GST is 329,975,416 as per Coinmarketcap data.

What are the Green Satoshi Token Use Cases?

The use cases of Green Satoshi Token will depend upon the users of the STEPN app. GST is used to power the STEPN app. Here are the uses of Green Satoshi Token:

• Once a shoe is leased or rented from the STEPN app, users need to mint it. GST coin is used for minting the shoes.
• Any repair work for the sneakers is done by using GST on the STEPN app.
• Other uses of GST are: Leveling up Sneakers, Gems upgrade, Unlocking Socket, etc.

Read: Green Satoshi Token Price Prediction and Aave Price Prediction

How Does Green Satoshi Token Work?

Green Satoshi Token is used basically as a reward token on the STEPN app. To earn the rewards, a user needs to download the STEPN app and lease or rent the NFT sneakers from the STEPN app. Once you have leased the NFT sneakers, you can earn game currency by jogging, walking, or running outside, which can be cashed out for profit or utilized in-game. Green Satoshi Token is used for this purpose.

There are three STEPN Game Modes: 1. Solo Mode, 2. Marathon Mode, and 3. Background Mode.

A user can earn rewards in form of a Green Satoshi Token in any of the three modes. In solo mode, a user can earn tokens by moving. Users can also earn tokens by participating in marathons. However, to participate in marathons, the user needs to register for each race 24 hours before starting the event.

Background mode comes into play when the user owns or leases a sneaker. The mode gets activated even when the STEPN app is off. When the STEPN app is off, background mode pulls the step count from the mobile device’s health data. 

Who are the Competitors of Green Satoshi Token?

Move-to-earn platforms are gaining immense popularity as the development of Web3 technologies grows. Many move-to-earn platforms have been created with their own native tokens. Green Satoshi Token is facing immense competition in this segment. Some of the big competitors of GST are:

FITFI: FITFI is the native token of the STEP App which is based on the move-to-earn feature.

STEP: STEP is the native crypto of the move-to-earn app, STEP. It is an Ethereum-based app.

GENE: GENE Token is a governance and staking token that represents the value of the Genopets game. Genopets is the world’s first Free-to-Play, Move-to-Earn NFT game on Solana.

STEPN has a great structure to reward users. However, the core product proposition of STEPN itself is not encouraging to users and this has led to a 95% drop in active players over the last 7 months. The GST price rose above $7 on the back of a promise and Fed-inspired liquidity. The Liquidity is gone and STEPN has failed to build engagement and loyalty that go beyond rewards. Games cannot survive on the basis of just reward unless the payoff is very high (which is not the case of STEPN). Therefore, GST is not a great investment at the moment.

Will STEPN GST Recover?

• STEPN had 44892 Monthly active users in December 202 (GST Max Price = $0.026)
• STEPN had 705452 Monthly active users in May 2022 (GST Max Price = $6.531)

The significant drop in active players is due to the massive drop in price. In other words, player participation is dependent on the reward rather than on the value offered by the game (whether it is an invisible benefit or even entertainment). This being the case, GST recovery is fully dependent on improving the gaming proposition, unless that happens, there is no chance for recovery anytime soon.

Can GST Reach $1?

To reach $1, GST needs to grow by 41.66 times, considering its current market price of $0.024.

Furthermore, GST crypto reached its all-high price of $7.83 in April 2022, where it grew by 5.59 times in just 4 months (from the lowest value of $1.4 in December 20210. Thus, it grew by 1.4 times in one month.

Therefore, GST crypto needs at least 29 months (around 2.5 years) to reach a price level of $1. However, it might take more time depending upon the macro and micro economic factors during that time. 

Thus, reaching $1 is not impractical, but GST will take much time to reach that value.

Will GST Reach $10?

Considering GST’s current market price of $0.024, it will need to grow by 416.66 times to reach a price level of $10.

Also, as it has grown by 1.4 times in one month (as calculated earlier), GST will need a minimum of 297 months (more than 24 years) to reach $10.

But, as a crypto’s price is also dependent on the macro and microeconomic market conditions, including CPI Index, Inflation and liquidity, GST’s price might need more than the calculated time to reach $10.

Can GST Reach $100?

Considering that GST needs a lot time to reach $10, reaching $100 seems impractical. However, let us calculate the estimated time.

GST requires to grow by 4,166.6 times to reach $100, from its current market price of $0.024.

Also, it grew by 1.4 times in one month to reach its all-time high price. Thus, GST needs a minimum of 2,976 months (more than 248 years) to reach $100.

Therefore, waiting for 248 years for GST’s price to reach $100 is indeed impractical and hence, we cannot expect GST to reach $100.

GST Price Prediction 2023, 2025 and 2030 (Aggregated)

Green Satoshi Price Prediction Today

How to Buy Green Satoshi Token (GST)?

Buying GST like any other cryptos requires similar steps to be followed. The only difference will be the exchanges where GST is listed for trade.

Here are the steps to purchase GST:

1. Select the Exchange or the Broker Providing GST for Trade
2. Create Your Account with Exchange.
3. Once the Account is created, verify your account using any of your ID Card.
4. Link the Account that will be used to Fund the Wallet.
5. Once the Account is Linked, Fund the Wallet
6. Buy GST coin using the Funds Added.

Where to Buy GST?

Green Satoshi Token has been listed in multiple exchanges for trade. Here are a few exchanges to purchase GST: Huobi Global, Bybit, Raydium, MEXC, PancakeSwap (V2), Serum DEX, Orca, CoinEx, Hoo, AEX, DigiFinex, BingX, Jubi, and Hotbit.

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.