STEPN Price Prediction: Is Move-to-Earn GMT Dead?

STEPN Price Prediction: Is Move-to-Earn GMT Dead?
August 12th, STEPN Price Prediction: GMT Price Prediction for the next 24 hours is Bearish.

GMT Price Prediction 2022 is $1.3

The latest STEPN (GMT) USD Price is:

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STEPN Gives You Opportunity to Earn Without Investment

As we know, STEPN is a move-to-earn project but as of now the owner of the shoes could earn GST only if the owner moves around but now STEPN has introduced a rental service which will become live in September.

With this feature, the owner of the Sneaker can rent the shoes and in return, the owner will be able to earn GST when the one who rented the sneaker moves.

GMT Price Prediction: What is Green Metaverse Token or GMT?

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.

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Some Facts about Green Metaverse Token

  • Green Metaverse Token or GMT is the main token behind the Stepn project.
  • There is a limited supply of GMT token that is there is only 6 Billion GMT tokens in circulation.
  • 16.30% of the total token supply is for Private sale.
  • 7.00% of the total token supply is for Binance Launchpad Sale.
  • 14.20% of the total token supply is allocated to the team of STEPN.
  • 2.50% of the total token supply is allocated to the advisors.
  • 30.00% of the total token supply is for the Ecosystem/ Treasury.
  • 30.00% of the total token supply is used as move-to-earn tokens.
  • With GMT tokens, the users get to participate in governance to increase their voting power.

GMT Price Prediction, Will STEPN rise or fall in the next 24 hours?

  1. In the last 24 hours, there has been a surge in the price of GMT but the trading Volume has collapsed. This has become one of the important factors that are keeping the price of GMT below $1.
  2. The social media sentiment for GMT remains negative with the buzz lower.
  3. The Google search volume for GMT is high.
  4. The technical recommendation is BUY.
  5. The overall market cap is up.

Overall, the momentum is Bullish.

GMT Price Prediction: Performance Chart

Last 5 DayYTD
GMT+4.36%+632%
BTC+3.61%-49.1%
ETH+11.4%-49.5%
Gala+3.49%-86.3%

GMT Price Prediction: How GMT Earning Might Work?

#STEPN: Originally tweeted by Col Jung (@col_jung) on August 8, 2022.

  • 1/ Inspired by bitcoin, $GMT’s release will follow a (daily) exponential decay pattern. Total supply cap: 6 billion GMT. 2.5% is scheduled to be released for earnings by Jan 2023 (Litepaper). That’s 150 million GMT tokens for players.
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  • 2/ Key point: LV30 GMT-earning players will compete for a limited pool of $GMT each day. The pool gets smaller daily (supply decreasing) and More “LV30 players” will join in daily (demand increasing).
  • 3/ This means *drumroll*: Players with $GMT-ready shoes on Day 1 will have a substantial advantage. Bigger loot, less looters. GMT earnings could be released in Q3, Q4 or 2023. Whenever. Pending market conditions & GMT burning status.
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GMT Price Prediction: Volume and Market Cap

DateVolumeMarket Cap
August 12th$293M$580M
August 1st$228M$572M
July 1st$333M$486M
June 1st$852M$611M
May 1st$1.35B$2.07B

STEPN Price Prediction 2022

Max Prediction
Average STEPN Price Prediction 2022$1.3

GMT Coin Price Prediction: Technicals

STEPN Google Search Volume

Search Volume on Google for STEPN is Lower compared to yesterday.

GMT Coin Price Prediction: Latest Tweets

Tweet Not available for the Day

GMT Coin Price Prediction: Latest Video

Video Older than 24 Hours

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GMT Price Prediction: Market Cap and Trading Volume

ValueTrend
Market Cap Rank#79Lower
Overall Market Cap$582 MLower
Trading Volume$ 222 MLower

STEPN Price Prediction: What is Stepn?

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.

Here are some facts about STPEN:

  • STEPN has been developed by Find Satoshi Lab, an Australian fintech firm.
  • Jerry Huang and Yawn Rong are the co-founders of STEPN (GMT). 
  • Leading investors in the STEPN project include Solana Capital, DeFi Alliance, MorningStar Ventures, Sequoia Capital, etc.
  • Stepn is in fact a fitness app similar to other activity-tracking apps.
  • Stepn can also be considered as the combination of augmented reality (AR) game and play-to-earn gaming.
  • The rewards come in Stepn’s native cryptocurrency, the Green Satoshi Token or GST or Green Metaverse Token (GMT).
  •  Alchemy Pay a crypto-fiat payments developer and ASICS the major sports brand is working together with STEPN.

GMT Price Prediction: What is Green Metaverse Token or GMT?

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.

Some Facts about Green Metaverse Token

  • Green Metaverse Token or GMT is the main token behind the Stepn project.
  • There is a limited supply of GMT token that is there is only 6 Billion GMT tokens in circulation.
  • 16.30% of the total token supply is for Private sale.
  • 7.00% of the total token supply is for Binance Launchpad Sale.
  • 14.20% of the total token supply is allocated to the team of STEPN.
  • 2.50% of the total token supply is allocated to the advisors.
  • 30.00% of the total token supply is for the Ecosystem/ Treasury.
  • 30.00% of the total token supply is used as move-to-earn tokens.
  • With GMT tokens, the users get to participate in governance to increase their voting power.

GMT Coin Price Prediction: Performance in 2022

Green Metaverse Token remains to be one of the best performing cryptocurrencies in 2022 despite most of the cryptocurrencies trading lower. Green Metaverse Token was launched in the month of March 2022 and the price of GMT was around $0.15. However, there has been a massive surge in the price of GMT and despite losing a major portion from its all-time high of $4.11, GMT is still trading in the green on the YTD chart. Here is a detailed GMT price analysis in 2022:

March 2022: On March 9th Green Metaverse Token debuted with a base price of $0.1536 and the overall market cap of GMT was $81 M. Soon after its launch, the price of Green Metaverse Token started to surge and by the March 20th the price of GMT was over $0.70. The surge in the price of GMT continued and soon the price of GMT was over $1 and the market cap of GMT was over $683 M which was over $600 M more than the market cap value at its launch.

By the end of March 2022, GMT’s overall market cap was over $1 B. The price of GMT on the last day of March 2022 was at over $2.5.

April 2022: The surge in the price of Green Metaverse Token continued throughout the month of April 2022. April was the month when most of the cryptocurrency was trading lower but GMT price was surging. In the first week of April 2022, the price of GMT remained below $2.5. Even in the second week the price failed to breach $2.5. On April 17th, GMT breached $2.5 and on April 20th the price went over $3.5. The market cap of GMT then reached over $2 B. By the end of April 2022 GMT’s price touched $4 but quickly retreated to settle at over $3.5.

May 2022: May 2022 turned out to be one of the worst months for Green Metaverse Token. The decline in the price of GMT started in May 2022. By the end of the first week of May, the price of GMT was already below $3 and was trading at just over $2.5. By the end of the second week of May 2022, the GMT price was slightly over $1.5.

For the rest part of the month, the price of Green Metaverse Token remained over $1 but by the last days of May 2022, GMT’s price crashed below $1 and the overall market cap of GMT fell below $1 B. GMT ended May 2022 with a market cap of slightly over $700 M.

June 2022: GMT did not make any improvement in the month of June 2022. The price of GMT hovered between $1.10 and below $1. At one point the price went below $0.60. By the end of June 2022, GMT was trading marginally over $0.80 and the overall market cap of GMT was slightly over $500 M.

July 2022: In July the price of GMT has remained mostly below $1. Currently GMT price has been hovering between $0.95 and $1.05.

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:

  1. Select the Exchange or the Broker Providing Shiba Inu coin 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 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:

  1. Binance
  2. Gemini
  3. Coinbase
  4. KuCoin
  5. BitStamp

STEPN Price Prediction: Frequently Asked Questions

Will Stepn GMT go up?

For the price of any cryptocurrency to rise, the market condition needs to improve. The overall crypto market has been under deep strain in the last few months and there have been no signs of improvement. Looking at the current situation there is hardly any chance of the price of STEPN GMT to up. However, if the market condition improves there are chances for STEPN GMT price to rise again.

Is Stepn still a good investment?

It is hardly difficult to determine which investment is good currently. None of the cryptocurrencies are performing well and if the market condition is considered, then none of the cryptos will be a safe investment. Now the question arises, should you invest in STEPN? If you have patience and are ready to stick to the market despite some losses, then STEPN will be a good investment. However, if you are looking for a quick profit, then STEPN may not be a good investment at the current price.

How does STEPN GMT work?

Green Metaverse Token (GMT) is one of the two tokens from the house of STEPN. The other token is Green Satoshi Token. The supply of GMT is limited to 6 billion tokens. These Green Metaverse Tokens can be earned by users by either buying or selling the GMT coins or by leasing or renting 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. Once you start earning the GMT tokens you can swap it with USDC. However, in order to swap GMT coins with USDC one needs to reach level 30.

How does Stepn make money?

As we have mentioned, in order to earn GMT coins, a user needs to download the STEPN app and purchase NFT sneakers. The sneakers, which are non-fungible tokens (NFTs) and are tradable on secondary markets, already command high prices, ranging from $400 to $100,000. This helps STEPN make money.

Why do GMT tokens fall?

GMT is a governance token providing users with a unique way of making money. However, like all other cryptos GMT is also listed on the crypto exchanges where users buy and sell GMT tokens. As the market condition improves, the investors flock to purchase the GMT tokens and as the market condition deteriorates, there is a mass sell-off in order to minimize the loss by the investors. Therefore, the main reason for the fall in price is the market condition which has been below expectation since the start of 2022.

STEPN Price Prediction

Read: Jasmy Price Prediction

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.

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