GMT Price Prediction 2023, 2025, and 2030: Can GMT reach $100?
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
GMT has been a major outperformer in the last 12 Months
Latest STEPN (GMT) USD Price
Performance of GMT
- 1 Month: +105.0%
- 3 Months: +19.2%
- 12 Months: +343.5%
Is GMT Coin a Good Investment?
Stepn is a move-to-earn project built on Social-Fi and Game-Fi elements. It is powered by the Solana blockchain. Players can earn GMT by walking, running, or jogging outdoors. The main motive of STEPN is to inspire users to adopt a healthy lifestyle and also to help users earn by adopting a healthy lifestyle.
Green Metaverse Token or GMT is the governance token of STEPN. It is a “move-to-earn” health and fitness application token. GMT allows its users to vote for projects and also buy merchandise from the STEPN app.
How to earn GMT?
GMT Earning is similar to Bitcoin Mining
- Level 30 Sneaker earns GMT
- Halving of GMT emissions 2 years from GMT earning commencement.
- Similar to hash rates on Bitcoin, the GMT earning changes on the basis of the number of users
- Variety of GMT Earning Pools depending on the Sneaker type and comfort levels
What is GMT Token Used For?
- GMT is a governance token of STEPN which is usually used for distributing the game profits among the users.
- GMT is earned by participation in the activities on the STPEN platform.
- Unlike GST which is used for repair works of sneakers on STEPN, GMT is used to go to a higher level on the STEPN platform.
- GMT comes into play when a user wants to change the name of the sneakers owned by it.
- GMT is also used to minting new sneakers and also upgrading the sneakers on STEPN.
- With GMT users can access multiple in-app features on STEPN.
In the long run, GMT Coin is a good investment.
GMT use cases are clear but the barrier to adoption could be high owing to existing competitors in the sneaker space. Secondly, the community build-up has been quite low. For example, Luna Classic which has one of the most aggressive communities mentioned LUNC 15k times in the last 24 hours, the equivalent number of GMT is 6k.
STEPN Price Prediction: How High Can GMT Coin Go?
Since its launch, GMT has had greater ROI than most of the bigger cryptocurrencies. GMT’s all-time high was over $4 therefore this indicates that GMT has the potential of going higher.
However, how high can GMT go will be completely dependent on the improvement of the market condition and most importantly the increase in the user base of STEPN, a play-to-earn app. The utility of GMT as well as other tokens of STEPN, GST. The utility of both tokens is directly related to the user base of the STEPN app. If the number of users of STEPN increases, the utilization of GMT will also increase and in turn, the price of STEPN will rise higher.
Taking a conservative call and using some calculations here is how high GMT could go in the future:
If GMT gains 50% annually then by 2030 end, the GMT price will be around $15.
If GMT gains 10% annually then by the end of 2030 GMT will be valued at less than $1.5.
Will GMT reach $1?
To reach $1, GMT needs to grow by 3.33 times, considering its current market price of $0.30. GMT reached its all-time high value of $4 in April 2022 where it grew by 4 times in just one month (from a lower value of $1 in March 2022). Thus, GMT can reach a price level of $1 in less than one month.
However, it will certainly need more time to reach $1 because of non-favorable macroeconomic conditions and liquidity factors. As per the data, liquidity conditions are still not apt for the growth of the crypto market, and inflation is expected to remain hot as well. Nonetheless, considering GMT’s past movements, reaching $1 is the easy target for STEPN, once the market conditions ease up.
Will GMT reach $10?
GMT is currently priced at $0.3; thus, it needs to grow by 33.3 times to reach a price level of $10. As we have discussed that it took GMT one month to grow by 4 times, hence, it can reach $10 in less than 9 months.
Again, due to unfavorable market conditions of inflation and liquidity, GMT cannot certainly reach that target in the next 9-10 months. Instead, it would need much more time. However, reaching $10 is certainly feasible for GMT once market conditions turn out to be in its favor.
Will GMT reach $100?
GMT will need to rise by 191 times to reach $100. This is not unheard of in Cryptocurrency investments. If GMT were to rise 191 times, or to a price of $100, the Market Cap of GMT would be $58 Billion which again is not unreasonable. If GMT were to grow at a conservative pace of 25% every year, GMT would reach $100 in 24 years, which appears to be a very long-term forecast and not so reliable.
- GMT has a moderate use case
- At $100, the growth expectations are not unreasonable
- At $58 Billion, the Market cap expectations are unreasonable
- At 24 years, the timeframe to reach $100 is impractical and unpredictable
Therefore, we believe the probability of GMT reaching $100 is moderate. The only way this increases in probability is a significant improvement in the use case and a 50% burn over the next few years.
GMT Price Prediction 2023, 2025 and 2030 (Aggregated)
- STEPN GMT Price Prediction 2023 is $0.829
- STEPN GMT Price Prediction 2025 is $1.4
- STEPN GMT Price Prediction 2030 is $4.7
STEPN Price Prediction Today
|Overall Outlook||Partially Positive|
|1. Market's Wisdom||Neutral|
|1a. Market Data||Partially Negative|
|1b. Technical Recommendation||Buy|
|2. Crowd's Wisdom||Partially Positive|
|2a. Social Media Buzz||Higher|
|2b. Social Media Sentiment||Neutral|
STEPN updates for 2023
- STEPN is working on rolling out its updated version in the coming months.
- STEPN will release Rainbow Sneakers by 2nd Feb 2023.
- It is exploring additional utilities for the gems about which the information will be released in the coming months.
- STEPN Marketplace is working on optimizing the platform in terms of interface, font, and ability to view sneaker prices without logging in.
- It will soon be partnered with Hype Saints NFT.
STEPN price updates: Does CPI Index affect STEPN’s price?
As we know that the CPI Index increased to 6.5% in December 2022. However, CPI Index has decreased compared to the previous months, meaning that people might start spending on speculative assets (including GMT) once again. Let’s analyze if this data has any effect on GMT’s price.
Stepn belongs to the category of P2E (essentially the gaming category). Hence, let us also analyze the price movements of the top-performing gaming cryptos i.e., Apecoin, Decentraland, and Sandbox.
- Apecoin’s market price has increased by 45.2% in the last month.
- Mana’s market price has increased by more than 118% in the last month.
- Sandbox’s market price has increased by 53.2% in the last month.
- Stepn (GMT)’s market price has increased by 63.3% in the last month.
As we can see that all the above-mentioned cryptocurrencies have improved drastically in the last month. Stepn has also performed better when compared to Apecoin and Sandbox, however, Mana’s performance is better as compared to that of Stepn.
GMT Price Prediction: FAQs
Is GMT a good coin to buy?
GMT has had a greater ROI than many of the cryptos since the time of its launch. As it is a play-to-earn app, its price can go up as the market conditions loosen. Therefore, GMT is a good coin to buy if you are considering it for the long term, keeping in view its use cases.
How much is GMT crypto worth?
As per the latest GMT price prediction, GMT’s price is expected to go as high as $15.7 by the end of 2030. Therefore, it is certainly worth more than it is priced as of now.
GMT Coin Price Prediction: How to Buy STEPN (GMT)?
Buying STEPN like any other cryptos requires similar steps to be followed. The only difference will be the exchanges where STEPN is listed for trade.
Here are the steps to purchase STEPN:
- Select the Exchange or the Broker Providing Shiba Inu coin for Trade
- Create Your Account with Exchange.
- Once the Account is created, verify your account using any of your ID Cards.
- Link the Account that will be used to Fund the Wallet.
- Once the Account is Linked, Fund the Wallet
- Buy STEPN coin using the Funds Added.
STEPN has been one of the best-performing cryptos this year. Here are the exchanges offering STEPN for trade:
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.