The post Stepn Price Prediction 2023, 2024, 2025: Will GMT Price Reach $0.25 This Year? appeared first on Coinpedia Fintech News

The crypto space has been cordial to budding projects in the industry. A number of which cater to diverse sectors of the business. One such project is STEPN, which has taken the business by storm, with its unique approach.

STEPN is a web3 foundation lifestyle application, which holds elements of SocialFi and GameFi. The project is home to its native token GMT, which had posed euphoric runs in the past.

The protocol has lured in a number of investors with its reward policies and industry-unique approach. Are you one of the many, who have been considering GMT for investments? Look no further, as this write-up will cover the feasible price predictions for 2023 and the years to come. 

Overview

*The statistics are from the time of publication.

STEPN Price Prediction October 2023

The month of October has been hard for STEPN investors as the market has experienced massive price volatility during this time. The price had experienced a plunge in its value recently. Further, the coin can be seen trading in a consolidated range between $0.1400 and $0.1474.

GMT is presently trading in a descending pattern, indicating a weak buying and selling power for the coin.

The MACD displays a red histogram, indicating the price to trade under a bearish influence. Further, the chart shows a constant red bars, suggesting a uncertainty in the upcoming price action for the coin.

If the bulls manage to gain power and cross the resistance level of $0.1440, then a bullish moment will be initiated. Further, if the price mange to hold itself at that level, then the bulls will prepare to test the upper resistance level of $0.1474 by the end of the month.

On the flip side, if the bears gain power over the bulls and the price experiences a fall in its value, then the bears will prepare itself to test the support level of $0.1400 this week. Further, if the price continues to fall then the market will prepare itself to test the crucial support level of $0.1349 this month.

GMT Price Prediction 2023

The coin has been constantly trading in a descending channel indicating a bearish trend for the crypto. Since the surge in January the coin has wiped out all its gains from the year and has further lost 20% in its value.

The bulls are constantly failing to gain momentum resulting in the price to plunge to new lows. The price is currently trading in a consolidated range near $0.1450, indicating a possibility of a massive price action in the coming days.

The MACD has been displaying constant flatline since August, indicating a weak buying and selling power and a uncertainty in the future price action for the coin.

If the protocol makers employ community-driving initiatives, are supplemented by community-building initiatives, and incentives. Such as online marathons, and community events (IRL Events) could boost the price to $0.216 by the end of 2023.

However, failing to pick up steam, and the prolonged dominance of bears could plummet the price to $0.096. That said, an equilibrium in buying and selling pressures could settle the price at $0.156.

STEPN Price Prediction 2023 – 2030

GMT Price Prediction 2024

On a positive note, the project might attract notable adoptions, collaborations, and big money investments, wherefore, the price could rocket to $0.345.

Howbeit, a possible financial crisis or regulatory clampdowns might drop the price to $0.175. Constrained by the linear momentum, the average price might settle at $0.260.

Stepn Price Prediction 2025

By the end of 2025, the industry could thrive in the fields of Web 3.0 and NFTs. The results of this could reflect on STEPN, in such a case, the price might drive to its potential high of $0.421.

On the flip side, emerging rivals and ebbing stance might knock the price down to $0.286. Considering the bullish and bearish targets, the average price might be $0.353.

Stepn Price Prediction 2026

According to our analysts, GMT coin price prediction for the year 2026 could range between $0.355 to $0.511 and the average price of Stepn could be around $0.433.

Stepn Price Prediction 2027

According to our analysts, Stepn price for the year 2027 could range between $0.427 to $0.650 and the average price of GMT could be around $0.538.

Stepn Price Prediction 2028

According to our analysts, GMT crypto prediction for the year 2028 could range between $0.564 to $0.795 and the average Stepn coin price could be around $0.679.

Stepn Price Prediction 2029

According to our analysts, Stepn’s forecast for the year 2029 could range between $0.681 to $0.921 and the average GMT coin price could be around $0.801.

Stepn Price Prediction 2030

According to our analysts, GMT predictions for the year 2030 could range between $0.822 to $1.138 and the average Stepn price could be around $0.980.

Market Analysis

*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.

CoinPedia’s GMT Price Prediction

As per CoinPedia’s formulated price prediction of STEPN’s (GMT). Considering the vision of the project and the developments in the pipeline. The altcoin could trade as high as $0.216 by the end of 2023. On the downside, it could face south to $0.096. 

Fundamental Analysis

STEPN was founded in the month of August 2021, by Australian entrepreneurs Yawn Rong, and Jerry Huang. Mr. Yawn holds expertise in blockchain and had previously founded Crypto SA. Which is a crypto fund and pro-regulation auditor. He has served as a representative of the South Australian Blockchain Association. And also as an ambassador for Algorand.

On the other hand, co-founder Jerry is a game developer and founder of Falafel Games. The project has raised around $5 M in a seed round from venture capital firms such as Sequoia Capital, Folius Ventures, and Solana Capital, amongst others. STEPN employs the dual-token thesis, whilst GST is the utility token, GMT is the governance token.

The utility token boasts an unlimited supply and is rewarded to users for movement. It also has burn mechanisms to counter inflation. Conversely, GMT is rewarded after the users have leveled up their sneakers to level 30. There are a total of 6 billion GMT in supply, it is learned that GMT would be halved once in three years.

What Is STEPN (GMT)?

In an ocean of crypto assets, STEPN distinguishes itself as a Web 3.0 lifestyle application. Which holds elements of socialFi, and gameFi. The protocol is the first NFT project, which employs the “Move-to-earn” concept. STEPN enables users to buy NFT sneakers, through which, the users can earn currencies, whilst walking, jogging, or running.

The project focuses on revolutionizing the industry with its presence in fitness. While also helping users to monetize, whilst leading a healthy lifestyle. STEPN also counters problems like “Proof-of-Movement”. In the month of March 2022, the project had released its governance token GMT, which stands for “Greener Metaverse Token”. 

The native token is on Solana and allows holders to propose and vote on developments and the distribution of treasury.

CoinPedia has dedicated a team of expert analysts to cover the possible crypto price prediction and sum it all up in one place, just for you!

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