Monday, December 5, 2022
 

STEPN (GMT) Price Prediction: Will GMT Price Hit $1 in 2022?

  • Bullish STEPN (GMT) price prediction ranges from $0.7 to $1.2.
  • Analysis suggests that the GMT price might reach above $1.5 soon.
  • The GMT bearish market price prediction for 2022 is $0.4631.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies, STEPN (GMT) is one of them.

STEPN is a health and fitness application that allows you to earn money by moving. Users can earn cryptocurrency tokens by walking, jogging, or running with NFT sneakers; essentially virtual sneakers govern how long you can train and how much you can earn. STEPN wants to get people moving worldwide by paying them with crypto tokens.

If you are interested in the future of GMT and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is STEPN?

STEPN is a Web3 lifestyle software that includes Game-Fi and Social-Fi features. STEPN is based on moving around, and users are outfitted with NFTs in the form of Sneakers. Users earn game currency by walking, jogging, or running outside. STEPN’s Game-Fi initiative intends to nudge millions toward a better lifestyle, tackle climate change, and link the public to Web 3.0.

STEPN encourages users to adopt a better lifestyle through a simple token incentive structure. Users can begin earning money in the game’s Solo Mode after installing the app and creating a wallet, and they can earn Green Satoshi Tokens by running or walking around (GST). Different types of sneakers refund GST at varying rates – the better the efficiency attribute of a sneaker, the more GST per minute the user might receive.

The second aspect of STEPN is fitness gamification. STEPN gamifies activity and encourages users to live a better lifestyle through in-app prizes, daily energy allocations, and customizable footwear. The software intends to introduce a Marathon Mode, with weekly and monthly races ranging from 2.5km to 15km. Participants can earn and compare their accomplishments on a leaderboard, with additional awards for the top-ranking racers.

STEPN enables users to signal in two ways: by adopting a healthy lifestyle and receiving tokens for doing so and by positively contributing to carbon neutrality. The former rewards users emotionally and monetarily, and STEPN contributes to purchasing Carbon Removal Credits on Solana to address climate change.

STEPN is built on Solana, a layer-one blockchain that combines proof-of-history and proof-of-stake consensus mechanisms with partial Byzantine fault tolerance. It has 200 nodes functioning worldwide that can process up to 50,000 transactions per second at its peak. Solana achieves such outstanding performance through a series of coordinated optimizations and processes transactions in a multi-threaded fashion, distinguishing it from slower blockchains.

STEPN (GMT) Current Market Status

According to CoinMarketCap, STEPN (GMT) is hovering at $0.6946 at the time of writing, with a total of 600,000,000 GMT in circulation. GMT has a 24-hour trading volume of $79,123,063.74, with a 16.48% decrease. And during the past 24 hours, the price of GMT increased by 0.32%. 

The most popular exchanges to trade STEPN (GMT) are Binance, BTCEX, OKX, DeepCoin, and  Bybit. Let’s continue with our GMT price research for 2022.

STEPN (GMT) Price Analysis 2022

GMT ranks 86th on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will GMT’s most recent improvements, additions, and modifications help its price rise? First, let’s focus on the charts in this article’s GMT price forecast.

STEPN (GMT) Price Analysis – Keltner Channel

GMT/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)
GMT/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of STEPN (GMT) can be predicted using the Keltner Channel indications for GMT/USDT. The price is in the second half of the channel, meaning that people are selling GMT rather than buying. But lately, there are a few green candles representing that the price is now establishing a new trend. Even after that, we should wait for a downturn or a better entry point to improve the reward-to-risk ratio.

STEPN (GMT) Price Analysis – Relative Strength Index

GMT/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
GMT/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

During uptrends, the RSI tends to remain more stable than during downtrends. This makes sense, considering that the RSI tracks gains and losses. During an uptrend, there are more significant gains, maintaining a higher RSI. In contrast, the RSI tends to linger at lower levels. The value of the 1-Day chart is 33.71. The RSI tends to remain above 30 and should frequently reach 70 during an uptrend. 

During a downtrend, the RSI rarely exceeds 70 and regularly reaches 30 or falls below this barrier. These rules can help determine the strength of a trend and identify possible trend reversals.

STEPN (GMT) Price Analysis – Moving Average

GMT/USDT 4-Hour Chart Showing 200-MA and 50-MA (Source: TradingView)
GMT/USDT 4-Hour Chart Showing 200-MA and 50-MA (Source: TradingView)

Above is a 4-hour STEPN (GMT) 200-day and 50-day Moving Averages (MAs) chart. Looking at the chart above, GMT is now running sideways for a long. The GMT 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bearish.

However, the distance between the two moving averages is wide. But the candlesticks are slowly moving above the 50-day MA, meaning that the price is heading for a reversal, but we need to consider that it’s still under 200-day MA. For an excellent risk-to-reward ratio, it is better to wait for a few reversal patterns for crypto investors. 

STEPN (GMT) Price Prediction 2022

GMT/USDT 1-Day Chart  (Source: TradingView)
GMT/USDT 1-Day Chart  (Source: TradingView)

Looking at the daily chart of GMT/USDT, the GMT price was swinging from $0.6350 to $0.7138 after going to its lowest of the month at $0.6331. Bouncing back from the support level, GMT is now going sideways, and we can expect the market to break out from the sideway soon.

Meanwhile, our long-term GMT price prediction for 2022 is bullish if it cannot break the support level. We can expect GMT to reach $1.2 this year. 

STEPN (GMT) Price – Resistance and Support Levels

GMT/USDT 1-Day Chart (Source: TradingView)
GMT/USDT 1-Day Chart (Source: TradingView)

The chart above shows that the price of GMT has decreased in the past few months. Moreover, GMT has been up by 0.8% in the past 24 hours. Suppose this price decrease is a retrace during the bull run. It might be breaking its $1.0567 resistance 1 level and increasing to $1.4.

If GMT cannot break the $1.0567 resistance 1 level, the bears may seize control and dethrone GMT to a downtrend stance. In simple terms, the price of GMT might fall to almost $0.4631, indicating a negative signal from the previous support level.

STEPN (GMT) Price Prediction 2023

STEPN (GMT) could end the year 2022 with a relative strength index (RSI) value of more than 62. This shows that the trend is solid and bullish and will trade above $1.4 by 2022. Hence, we could expect the price of GMT to surge to at least $1.9442 by the end of 2023 since more merchants could integrate GMT Pay into their payment systems.

STEPN (GMT) Price Prediction 2024

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect GMT to trade at a price not below $2.3730 by the end of 2014.

STEPN (GMT) Price Prediction 2025

We should expect the price of GMT to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving over the previous year. Hence, GMT could end 2025 by trading at around $2.8018.

STEPN (GMT) Price Prediction 2026

Since the maximum supply of GMT is approached by 2026, the bearish market that follows a solid bullish run impacts its previous price due to the entrance of more institutional investors to its platform. With this, the cost of GMT could break the usual trend and trade at $3.4123 by the end of 2026.

STEPN (GMT) Price Prediction 2027

Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of GMT could consolidate on the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Therefore, GMT could trade at $4.1822 by the end of 2027. Also, GMT is likely to break its ATH value.

STEPN (GMT) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. STEPN (GMT)could hit $6.4356 by the end of 2028. Also, GMT is likely to break its ATH value.

STEPN (GMT) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing some lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of GMT to $10.0693 by the end of 2029.

STEPN (GMT) Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of STEPN (GMT)to trade at around $13.7031 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

Conclusion

As said above, GMT might reach $1.5 in 2022 and $13.7 by 2030 if investors decide that GMT is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is STEPN?

STEPN is a Web3 lifestyle software that includes Game-Fi and Social-Fi features. STEPN is based on moving around, and users are outfitted with NFTs in the form of Sneakers. Users earn game currency by walking, jogging, or running outside. STEPN’s Game-Fi initiative intends to nudge millions toward a better lifestyle, tackle climate change, and link the public to Web 3.0.

How to buy GMT tokens?

GMT can be traded on many exchanges like other digital assets in the crypto world. Binance, BTCEX, OKX, DeepCoin, and Bybit are currently the most popular cryptocurrency exchanges for trading GMT. 

Will GMT surpass its current ATH?

Since GMT provides investors with several opportunities to profit from their crypto holdings, it seems to be a good investment in 2022. Notably, GMT has a high possibility of surpassing its current ATH in 2027.

Can GMT reach $5 soon?

GMT is one of the few active crypto assets that continue to rise in value. As long as this bullish trend continues, GMT might break through $3.4 and reach as high as $5. Of course, if the current market favouring crypto continues, it will likely happen.

Is GMT a good investment in 2022?

GMT is expected to continue its upward trend as one of the fastest-rising cryptocurrencies. We may also conclude that GMT is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.

What Is the lowest price of GMT?

The lowest GMT price is $0.1003, attained on March 11, 2022, according to CoinMarketCap.

Which year was GMT launched?

GMT was launched in August 2021.

Who are the co-founders of GMT?

GMT was co-founded by Australian blockchain entrepreneur Yawn Rong.

What is the maximum supply of GMT?

The maximum supply of GMT is 6,000,000,000 GMT.

How do I store GMT?

GMT can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the GMT price in 2023?

GMT price is expected to reach $1.9442 by 2023.

What will be the GMT price in 2024?

GMT price is expected to reach $2.3730 by 2024.

What will be the GMT price in 2025?

GMT price is expected to reach $2.8018 by 2025.

What will be the GMT price in 2026?

GMT price is expected to reach $3.4123 by 2026.

What will be the GMT price in 2027?

GMT price is expected to reach $4.1899 by 2027.

What will be the GMT price in 2028?

GMT price is expected to reach $6.4356 by 2028.

What will be the GMT price in 2029?

GMT price is expected to reach $10.0693 by 2029.

What will be the GMT price in 2030?

GMT price is expected to reach $13.7031 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

  • Bullish STEPN (GMT) price prediction ranges from $0.7 to $1.2.
  • Analysis suggests that the GMT price might reach above $1.5 soon.
  • The GMT bearish market price prediction for 2022 is $0.4631.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies, STEPN (GMT) is one of them.

STEPN is a health and fitness application that allows you to earn money by moving. Users can earn cryptocurrency tokens by walking, jogging, or running with NFT sneakers; essentially virtual sneakers govern how long you can train and how much you can earn. STEPN wants to get people moving worldwide by paying them with crypto tokens.

If you are interested in the future of GMT and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is STEPN?

STEPN is a Web3 lifestyle software that includes Game-Fi and Social-Fi features. STEPN is based on moving around, and users are outfitted with NFTs in the form of Sneakers. Users earn game currency by walking, jogging, or running outside. STEPN’s Game-Fi initiative intends to nudge millions toward a better lifestyle, tackle climate change, and link the public to Web 3.0.

STEPN encourages users to adopt a better lifestyle through a simple token incentive structure. Users can begin earning money in the game’s Solo Mode after installing the app and creating a wallet, and they can earn Green Satoshi Tokens by running or walking around (GST). Different types of sneakers refund GST at varying rates – the better the efficiency attribute of a sneaker, the more GST per minute the user might receive.

The second aspect of STEPN is fitness gamification. STEPN gamifies activity and encourages users to live a better lifestyle through in-app prizes, daily energy allocations, and customizable footwear. The software intends to introduce a Marathon Mode, with weekly and monthly races ranging from 2.5km to 15km. Participants can earn and compare their accomplishments on a leaderboard, with additional awards for the top-ranking racers.

STEPN enables users to signal in two ways: by adopting a healthy lifestyle and receiving tokens for doing so and by positively contributing to carbon neutrality. The former rewards users emotionally and monetarily, and STEPN contributes to purchasing Carbon Removal Credits on Solana to address climate change.

STEPN is built on Solana, a layer-one blockchain that combines proof-of-history and proof-of-stake consensus mechanisms with partial Byzantine fault tolerance. It has 200 nodes functioning worldwide that can process up to 50,000 transactions per second at its peak. Solana achieves such outstanding performance through a series of coordinated optimizations and processes transactions in a multi-threaded fashion, distinguishing it from slower blockchains.

STEPN (GMT) Current Market Status

According to CoinMarketCap, STEPN (GMT) is hovering at $0.6946 at the time of writing, with a total of 600,000,000 GMT in circulation. GMT has a 24-hour trading volume of $79,123,063.74, with a 16.48% decrease. And during the past 24 hours, the price of GMT increased by 0.32%. 

The most popular exchanges to trade STEPN (GMT) are Binance, BTCEX, OKX, DeepCoin, and  Bybit. Let’s continue with our GMT price research for 2022.

STEPN (GMT) Price Analysis 2022

GMT ranks 86th on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will GMT’s most recent improvements, additions, and modifications help its price rise? First, let’s focus on the charts in this article’s GMT price forecast.

STEPN (GMT) Price Analysis – Keltner Channel

GMT/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)
GMT/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of STEPN (GMT) can be predicted using the Keltner Channel indications for GMT/USDT. The price is in the second half of the channel, meaning that people are selling GMT rather than buying. But lately, there are a few green candles representing that the price is now establishing a new trend. Even after that, we should wait for a downturn or a better entry point to improve the reward-to-risk ratio.

STEPN (GMT) Price Analysis – Relative Strength Index

GMT/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
GMT/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

During uptrends, the RSI tends to remain more stable than during downtrends. This makes sense, considering that the RSI tracks gains and losses. During an uptrend, there are more significant gains, maintaining a higher RSI. In contrast, the RSI tends to linger at lower levels. The value of the 1-Day chart is 33.71. The RSI tends to remain above 30 and should frequently reach 70 during an uptrend. 

During a downtrend, the RSI rarely exceeds 70 and regularly reaches 30 or falls below this barrier. These rules can help determine the strength of a trend and identify possible trend reversals.

STEPN (GMT) Price Analysis – Moving Average

GMT/USDT 4-Hour Chart Showing 200-MA and 50-MA (Source: TradingView)
GMT/USDT 4-Hour Chart Showing 200-MA and 50-MA (Source: TradingView)

Above is a 4-hour STEPN (GMT) 200-day and 50-day Moving Averages (MAs) chart. Looking at the chart above, GMT is now running sideways for a long. The GMT 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bearish.

However, the distance between the two moving averages is wide. But the candlesticks are slowly moving above the 50-day MA, meaning that the price is heading for a reversal, but we need to consider that it’s still under 200-day MA. For an excellent risk-to-reward ratio, it is better to wait for a few reversal patterns for crypto investors. 

STEPN (GMT) Price Prediction 2022

GMT/USDT 1-Day Chart  (Source: TradingView)
GMT/USDT 1-Day Chart  (Source: TradingView)

Looking at the daily chart of GMT/USDT, the GMT price was swinging from $0.6350 to $0.7138 after going to its lowest of the month at $0.6331. Bouncing back from the support level, GMT is now going sideways, and we can expect the market to break out from the sideway soon.

Meanwhile, our long-term GMT price prediction for 2022 is bullish if it cannot break the support level. We can expect GMT to reach $1.2 this year. 

STEPN (GMT) Price – Resistance and Support Levels

GMT/USDT 1-Day Chart (Source: TradingView)
GMT/USDT 1-Day Chart (Source: TradingView)

The chart above shows that the price of GMT has decreased in the past few months. Moreover, GMT has been up by 0.8% in the past 24 hours. Suppose this price decrease is a retrace during the bull run. It might be breaking its $1.0567 resistance 1 level and increasing to $1.4.

If GMT cannot break the $1.0567 resistance 1 level, the bears may seize control and dethrone GMT to a downtrend stance. In simple terms, the price of GMT might fall to almost $0.4631, indicating a negative signal from the previous support level.

STEPN (GMT) Price Prediction 2023

STEPN (GMT) could end the year 2022 with a relative strength index (RSI) value of more than 62. This shows that the trend is solid and bullish and will trade above $1.4 by 2022. Hence, we could expect the price of GMT to surge to at least $1.9442 by the end of 2023 since more merchants could integrate GMT Pay into their payment systems.

STEPN (GMT) Price Prediction 2024

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect GMT to trade at a price not below $2.3730 by the end of 2014.

STEPN (GMT) Price Prediction 2025

We should expect the price of GMT to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving over the previous year. Hence, GMT could end 2025 by trading at around $2.8018.

STEPN (GMT) Price Prediction 2026

Since the maximum supply of GMT is approached by 2026, the bearish market that follows a solid bullish run impacts its previous price due to the entrance of more institutional investors to its platform. With this, the cost of GMT could break the usual trend and trade at $3.4123 by the end of 2026.

STEPN (GMT) Price Prediction 2027

Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of GMT could consolidate on the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Therefore, GMT could trade at $4.1822 by the end of 2027. Also, GMT is likely to break its ATH value.

STEPN (GMT) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. STEPN (GMT)could hit $6.4356 by the end of 2028. Also, GMT is likely to break its ATH value.

STEPN (GMT) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing some lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of GMT to $10.0693 by the end of 2029.

STEPN (GMT) Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of STEPN (GMT)to trade at around $13.7031 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

Conclusion

As said above, GMT might reach $1.5 in 2022 and $13.7 by 2030 if investors decide that GMT is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is STEPN?

STEPN is a Web3 lifestyle software that includes Game-Fi and Social-Fi features. STEPN is based on moving around, and users are outfitted with NFTs in the form of Sneakers. Users earn game currency by walking, jogging, or running outside. STEPN’s Game-Fi initiative intends to nudge millions toward a better lifestyle, tackle climate change, and link the public to Web 3.0.

How to buy GMT tokens?

GMT can be traded on many exchanges like other digital assets in the crypto world. Binance, BTCEX, OKX, DeepCoin, and Bybit are currently the most popular cryptocurrency exchanges for trading GMT. 

Will GMT surpass its current ATH?

Since GMT provides investors with several opportunities to profit from their crypto holdings, it seems to be a good investment in 2022. Notably, GMT has a high possibility of surpassing its current ATH in 2027.

Can GMT reach $5 soon?

GMT is one of the few active crypto assets that continue to rise in value. As long as this bullish trend continues, GMT might break through $3.4 and reach as high as $5. Of course, if the current market favouring crypto continues, it will likely happen.

Is GMT a good investment in 2022?

GMT is expected to continue its upward trend as one of the fastest-rising cryptocurrencies. We may also conclude that GMT is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.

What Is the lowest price of GMT?

The lowest GMT price is $0.1003, attained on March 11, 2022, according to CoinMarketCap.

Which year was GMT launched?

GMT was launched in August 2021.

Who are the co-founders of GMT?

GMT was co-founded by Australian blockchain entrepreneur Yawn Rong.

What is the maximum supply of GMT?

The maximum supply of GMT is 6,000,000,000 GMT.

How do I store GMT?

GMT can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the GMT price in 2023?

GMT price is expected to reach $1.9442 by 2023.

What will be the GMT price in 2024?

GMT price is expected to reach $2.3730 by 2024.

What will be the GMT price in 2025?

GMT price is expected to reach $2.8018 by 2025.

What will be the GMT price in 2026?

GMT price is expected to reach $3.4123 by 2026.

What will be the GMT price in 2027?

GMT price is expected to reach $4.1899 by 2027.

What will be the GMT price in 2028?

GMT price is expected to reach $6.4356 by 2028.

What will be the GMT price in 2029?

GMT price is expected to reach $10.0693 by 2029.

What will be the GMT price in 2030?

GMT price is expected to reach $13.7031 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

 

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