STEPN (GMT) Price Prediction for 2023 and 2024, $1 Expected
STEPN (GMT) Price Prediction for 2023 and 2024, $1 Expected
Presently, STEPN (GMT) Current Price $0.120590 (9.83 INR)
STEPN (GMT) Price Statistics
GMT price: $0.120590 (9.83 INR)
STEPN GMT Rank: 115
GMT Market Cap: $31,785,140 (2,591,936,723.13 INR)
GMT Volume: $1,367,446 (111,509,136.17 INR)
STEPN (GMT) Price Performance in Previous Months
- GMT Price Performance in the Previous 1 Month Was +100.8%
- GMT Price Performance in the Previous 6 Months Was +20.9%
- STEPN GMT Price Performance in the Previous 12 Months Was +8%
Does GMT Offer a Good Investment Opportunity?
Stepn is known as a move-to-earn platform created on Game-Fi and Social-Fi elements. Solana blockchain is the company that powers this project. Players are permitted to make profits in GMT by jogging, running, or walking outdoors. The chief purpose of the STEPN project is to persuade consumers to embrace a healthy lifestyle. It additionally aims to assist customers to make yields by embracing a healthy lifestyle.
GMT (or Green Metaverse Token) plays the role of a governance token of STEPN. It is considered to be a move-to-earn kind of fitness and health application token. The token permits the consumers to vote in favor of or against projects. They can additionally purchase merchandise-related products from the app of STEPN.
The Use Cases of STEPN (GMT)
GMT (the governance token of STEPN) is normally utilized to distribute the game profits between the consumers. The token is rewarded for taking part in activities provided on STEPN’s forum. Dissimilar to GST (the token which is utilized for the operations related to repairing sneakers on STEPN’s platform), GMT is utilized to move to a further level on STEPN.
GMT additionally plays a significant role when a consumer intends to alter the name of the sneakers which are owned by him. In addition to this, GMT is utilized to mint the latest sneakers as well as upgrade the level of the sneakers. The consumers, with the GMT token, can access several in-app facilities on STEPN. While looking at a long-term perspective, the GMT token provides a good investment opportunity.
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The use cases of the GMT token are strong however a great hindrance in the case of adoption could be posed because of the other competitors within the field of sneakers. In the second place, the community of the platform has been growing at a very low pace. For instance, Luna Classic, the project which possesses one of the top enthusiastic communities, referred to LUNC 15,000 times in the recent 24 hours. As opposed to this, GMT has been mentioned 6k times.
Can GMT Price Go Up?
Since the launch of GMT, the token had a bigger ROI in comparison with the rest of the crypto tokens. The all-time high of GMT was more than $4 thus signifies that the token has the likelihood of moving upward in terms of price. Nonetheless, the extent of the respective growth will be fully reliant on the advancement in the overall conditions of the market. This will also take into account the play-to-earn app STEPN’s user base. The GMT token as well as the rest of the STEPN-based tokens’ utility is straightly linked to the app’s user base.
If the STEPN consumers increase in number, the GMT token will additionally increase as a result. Subsequently, a rise will additionally be seen in STEPN’s price to a great extent. Taking into account diverse statistics, the token’s price will touch the $15 (1,226.10 INR) mark by 2030 if gains a 50% growth per year. In a less optimistic scenario, the GMT token will reach $1.5 (122.61 INR) by 2030 if it rises by 10%.
Can STEPN (GMT) Price Touch $1?
To touch the $1 spot, the GMT token requires growth of up to 3.33 times from its present price of $0.120590 (9.83 INR). $4 (326.88 INR) is the all-time high of GMT which it reached back in 2022’s April. At that time, it rose by nearly 4 times only in 1 month from $1 (81.74 INR) – its lower value witnessed in March. Hence, the GMT token has the potential to touch $1 only in 1 month.
Nonetheless, there will certainly be a requirement for more time in GMT’s case to reach the $1 value due to the non-supportive macroeconomic scenario along with liquidity problems. In line with the current data, the liquidity situation is not appropriate for the crypto market’s abrupt growth.
Can GMT Token Reach $10?
The current price of GMT is $0.120590 (9.83 INR). A 33.3-time growth is needed for the GMT token to reach $10. In this way, a 4-time rise in GMT’s price will take it to $10 in 9 months. Nevertheless, the market’s situation is not promising for the token’s growth at that level at present.
Can GMT Price Reach $100?
After rising by nearly 191 times GMT can touch the $100 mark. At that time, the token’s market cap would be almost $58B (4.73T INR). The token would touch the $100 spot in twenty-four years. This significantly depends on a huge improvement in GMT’s use cases as well as a 50% burn during some of the coming years.
GMT Price Prediction 2023-2030
STEPN GMT Price Prediction for 2023 Stands at $0.806 (65.81 INR)
GMT Price Prediction for 2025 Stands at $1.4 (114.31 INR)
GMT Price Prediction for 2030 Stands at $4.7 (383.75 INR)
FAQs
Should I Purchase GMT?
As STEPN is a play-to-earn app, the price of its token “GMT” will potentially elevate with the betterment of the general conditions across the crypto market. Hence, the token offers a fine investment. Those looking at long-term investment can consider buying GMT, in line with the use cases of the token.
Who Is the Developer of the GMT Token?
An Australia-based fintech studio named ‘Find Satoshi lab’ is credited for developing GMT. From the 11th of March onward, the GMT token rose to its heights. It moved up by 3500% in terms of price. As a result of this, the token turned into a top-performing crypto asset of 2022 in the Web3 world.
When Was STEPN Launched?
STEPN was introduced in 2021’s December. It was termed a move-to-earn app and remained effective in taking a lot of people to the blockchain-based play-to-earn space. As per Jerry Huang (the co-founder of STEPN), the app is being actively utilized by nearly two to three million consumers across the globe.
Can I Earn GMT in STEPN?
Formerly, consumers could just earn Green Satoshi Tokens (GST) on STEPN. Nevertheless, since 2022’s September, the clients are permitted to shift from “GST Earning Mode” to the latest “GMT Earning Mode” after upgrading their sneakers to the advanced level 30. After that, they can straightly earn the GMT token with the STEPN app.
