STEPN Price Prediction 2023-2030: Will GMT Price Hit $1 Soon?

• Bullish GMT price prediction ranges from $0.1750 to $0.80.
• Analysis suggests that the GMT price might reach above $0.6 soon.
• The GMT bearish market price prediction for 2023 is $0.1229.

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 2023, 2024, 2025, and 2030, keep reading!

STEPN (GMT) Market Overview

What Is STEPN (GMT)?

STEPN is a Web3 lifestyle software that includes Game-Fi and Social-Fi features. It combines aspects of a play-to-earn game with a fitness app to create a new category coined “move-to-earn.” Users buy NFT sneakers, which they can use to earn in-game currency while walking, running, or jogging. This project intends to tackle climate change and link the public to Web 3.0.

Built on Solana, a layer-one blockchain that combines proof-of-history and proof-of-stake consensus mechanisms with partial Byzantine fault tolerance, STEPN 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 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.

Analysts’ Views on STEPN (GMT)

GMT is becoming one of the top 5 gainers in the market lately according to CoinMarketCap, the above fact has been mentioned by one crypto analyst. 

According to another tweet by a crypto analyst, GMT had a few pumps worth of over 57 percent increase in their market. 

Also, a popular crypto analyst, The Wolf of All Streets, mentioned that the recent pump in the GMT market has hit his first take profit region, but he is hoping for GMT to pump more.

However, we can see that there are also shorters in the market like this crypto analyst, hoping GMT to dump back to $0.45 and $0.35 level.

STEPN (GMT) Current Market Status

STEPN has a circulating supply of 952,322,297 GMT coins, while its maximum supply is 6,000,000,000 GMT coins, according to CoinMarketCap. At the time of writing, GMT is trading at  $0.1952 representing 24 hours decrease of 1.52%. The trading volume of GMT in the past 24 hours is $13,139,643 which represents a 17.90% decrease.

Some top cryptocurrency exchanges for trading GMT are Binance, BTCEX, CoinW, OKX, and Deepcoin.

Now that you know GMT and its current market status, we shall discuss the price analysis of  GMT for 2023

STEPN (GMT) Price Analysis 2023

Currently, STEPN (GMT) ranks 129 on CoinMarketCap. Will GMT’s most recent improvements, additions, and modifications help its price go up? First, let’s focus on the charts in this article’s GMT price forecast.

STEPN (GMT) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average. When the bands widen, it shows there’s going to be more volatility and when they contract, there is less volatility. 

When Bollinger bands are used in a cryptocurrency chart, we could expect the price of the cryptocurrency to reside within the upper and lower bounds of the Bollinger bands 95% of the time. The above thesis is derived from an Empirical law. 

The sections highlighted by red rectangles in the chart above show how the bands expand and contract. When the bands widen, we could expect more volatility, and when the bands contract, it denotes less volatility. The green rectangles show how GMT retraced after touching the lower band (oversold).

Currently, after reaching its maximum expansion the Bollinger bands are moving downwards as shown in the chart above. Hence, we could expect the price of GMT to decrease further. Moreover, since the bands have reached their optimum expansions we could expect the bands to contract in the future.  

Since STEPN is close to the SMA, we could intuitively think that it may reach the upper band. However, the above notion could be negated by looking at the Bollinger bandwidth indicator which reads a value of 0.55 and is titled downwards. 

Taking the Bollinger bandwidth indicator reading and the behavior of the GMT into consideration, we can conclude that there will be resistance at the SMA for GMT. And there is also a possibility that GMT could be repelled off of the SMA and it could look for support on the lower Bollinger band.  

STEPN (GMT) Price Analysis – Relative Strength Index

The Relative Strength Index is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how the security is doing at present, relative to its previous price. 

Moreover, it has a signal line which is a Simple Moving Average (SMA) that acts as a yardstick or reference to the RSI line. Hence, whenever the RSI line is above the SMA, it is considered bullish; if it’s below the SMA, it is bearish. 

Currently, after recovering from the oversold region the RSI is placed at 31.42 and it is very close to the oversold region. Although the RSI was placed parallel to the horizontal axis, there could be seen a slight tilt towards the upward direction. As such, there could be some increment in GMT. 

As per the RSI Support and Resistance by the DGT indicator, GMT is in the crossover oversold region. It may cross the Bear Zone in dark red, however, if the RSI crashed below the signal line, then, it may find resistance at the Crossunder oversold region. Nonetheless, if the RSI stays above the signal then it could cross the bear zone and head towards the bull zone region. 

The above statement could be justified by GMT‘s behavior at the beginning of the year. Hence, if STEPN reciprocates this behavior, then the above could happen. Nonetheless, when comparing the StochRSI during the early days of 2023 just before the surge, with the present, it was oversold then but, it is overbought now. As such traders should deal with caution.   

STEPN (GMT) Price Analysis – Moving Average

The Exponential Moving averages are quite similar to the simple moving averages (SMA). However, the SMA equally distributes down all values whereas the Exponential Moving Average gives more weightage to the current prices. Since SMA undermines the weightage of the present price, the EMA is used in price movements. 

The 200-day MA is considered to be the long-term moving average while the 50-day MA is considered the short-term moving average in trading. Based on how these two lines behave, the strength of the cryptocurrency or the trend can be determined on average.

In particular, when the short-term moving average (50-day MA) approaches the long-term moving average (200-day MA) from below and crosses it, we call it a Golden Cross.

Contrastingly, when the short-term moving average crosses the long-term moving average from above then, a death cross occurs. 

Usually, when a Golden Cross occurs, the prices of the cryptocurrency will shoot up drastically, but when there’s a Death Cross, the prices will crash. 

Whenever the price of cryptocurrency is above the 50-day or 200-day MA, or above both we may say that the token is bullish. Contrastingly, if the token is below the 50-day or 200-day, or below both, then we could call it bearish ( triangle section).

Currently, we could see that GMT is once again approaching the 50-day EMA, after a period of frequently testing the 50-day EMA. Hence, GMT may once again test the 50-day MA and if the bulls are strong, GMT may break the 50-day EMA. 

In the event that GMT breaks the 50-day EMA, it may approach the 200-day MA which has been more or less placed parallelly above the 50-day EMA. However, if the bears come in and interfere with GMT when it tests the 50-day EMA then it may keep on losing value.        

STEPN (GMT) Price Analysis – Elder Force Index

Elder Force Index is an indicator that was invented by Alexander Elder, who was an entrepreneur. The indicator mainly uses two parameters to adjudicate the buying and selling force and thereby predicts the market trend. In particular, it relies on price change and volume. As such the strength of the buying force or selling force is dependent on either the price change or the volume. 

Whenever the EFI is greater than zero, or positive, we could say that the trend is bullish, as there is more buying pressure. However, when the EFI is in the negative zone, we could say that the cryptocurrency is in the negative zone and the selling pressure is more.

Currently, the EFI indicator is reading a value of -60 and the EFI line is heading towards the zero line. Hence, it may cross the line and move onto the positive region. However, the Bear Bull Power indicator has taken an about-turn after approaching the zero line. Currently, it reads a value of -0.0211 and it is heading in the negative direction. 

Moreover, the Elder Force could also be used to figure out trend reversals and breakouts. For instance when the EFI is making lower highs while the cryptocurrency is making higher highs, then we could say that this is a bearish divergence. However, in the event that the cryptocurrency is making lower lows while the EFI is making higher lows, then it is a bullish divergence represented in the chart. 

STEPN (GMT) Price Prediction 2023-2030 Overview

STEPN (GMT) Price Prediction 2023

When considering the GMT’s behavior, it could be noted that it has been fluctuating within a falling wedge since the beginning of 2023. The token has been making lower lows and lower highs since the beginning of this year. Moreover, since the trendlines are converging, we could expect GMT to break out from the wedge at any given time.   

If GMT breaks out of the wedge as shown in the chart, we may see reach just above Resistance 1 at around $0.45. Moreover, as per the best practice of trading the falling wedge, traders may want to have their entry-level close to the breakout point from the wedge. And, there take profit just above Resistance 1. Additionally, there may set their stop loss at the lower trend line. 

Another possibility of GMT is that it has the possibility of reaching Resistance 2 at $0.59. The preceding is based on the assumption that GMT follows its 2023 beginning spike. In the event that GMT breaks the Resistance 2 level, we may see it reach Resistance 3 at $0.78. Contrastingly, if GMT decreases further, then, it may seek to land on new support levels.  

STEPN (GMT) Price Prediction – Resistance and Support Levels 

When considering the above chart, it could be seen that GMT rose between the 1:2 and 1:4 Gann in early January 2023. However, come the latter days of January, the bulls could not hold on to the position, as such, GMT started to descend. 

It descended along the 1:1 Gann line and after April it gained some momentum. Thereafter, it  started increasing along the 3:1 Gann line. However, by mid-April, GMT started to descend again along the 2:1 Gann line, at times falling below and testing. If the bears have the stranglehold on GMT, we may see it fall along the 2:1 Gann line in the future. Contrastingly, if GMT rises it will start to rise along the 1:1 Gann line. 

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 $1.5018 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 $2.0488.

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 $2.6961 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 $3.3881 by the end of 2027. 

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 $4.2837 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 $5.2247 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 $6.4063 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

STEPN (GMT) Price Prediction 2040

According to our long-term STEPN price estimate, STEPN prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $15.37512 by 2040. If the market becomes bullish, the price of STEPN may increase beyond our 2040 forecast.

STEPN (GMT) Price Prediction 2050

According to our STEPN forecast, the average price of STEPN in 2050 might be above $33.825264. If more investors are drawn to STEPN between these years, the price of STEPN in 2050 could be far higher than our projection.

Conclusion

If investors continue showing their interest in GMT and add these tokens to their portfolio, it could continue to rise. GMT’s bullish price prediction shows that it could reach the $0.5960  level.

FAQ

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.

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