- Bullish GMT price prediction for 2023 is $0.2957 to $0.4022.
- STEPN (GMT) price might reach $0.4 soon.
- Bearish GMT price prediction for 2023 is $0.1739
In STEPN (GMT) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about GMT to analyze the future movement of the cryptocurrency.
STEPN (GMT) Current Market Status
| Current Price | $0.2419 |
| 24 – Hour Trading Volume | $302,872,082 |
| 24 – Hour Price Change | 6.66% down |
| Circulating Supply | 1,104,192,453 GMT |
| All – Time High | $4.11 (on Apr 28, 2022) |
What is STEPN (GMT)?
STEPN (GMT) is the governance token of STEPN. STEPN is a move-to-earn (M2E) NFT game built on top of the Solana blockchain. This web3 lifestyle app was created by the Australian firm, FindSatoshiLabs and launched in late 2021.
STEPN uses a dual token model: Green Metaverse Token (GMT) and Green Satoshi Token (GST). GMT serves as the governance token whereas GST is used for purchasing the in-game elements such as STEPN’s famous NFT Sneakers. Notably, STEPN enables users to earn cryptos for running, walking, or jogging.
STEPN (GMT) Price Prediction 2023
STEPN (GMT) ranks 115th on CoinMarketCap in terms of its market capitalization. The overview of the STEPN price prediction for 2023 is explained below with a daily time frame.
also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is characteristic of a bearish market.
At the time of analysis, the price of the STEPN (GMT) was recorded at $0.2419. If the pattern trend continues, the price of GMT might reach the resistance levels of $0.2905, $0.5091, and $0.6562. If the trend reverses, then the price of GMT may fall to the support of $0.1834.
STEPN (GMT) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of STEPN (GMT) in 2023.
From the above chart, we can analyze and identify the following as the resistance and support levels of STEPN (GMT) for 2023.
| Resistance Level 1 | $0.2957 |
| Resistance Level 2 | $0.4022 |
| Support Level 1 | $0.2246 |
| Support Level 2 | $0.1739 |
As per the above analysis, if STEPN’s (GMT) bulls take the lead, it might hit and break through its resistance level of $0.4022.
Conversely, if STEPN’s (GMT) bears dominate the trend, the price of GMT might plunge to $0.1739.
STEPN (GMT) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of STEPN (GMT) are shown in the chart below.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days |
50 MA = $0.2260 Price = $0.2819 (50MA > Price) |
Bullish (Uptrend) |
| Relative Strength Index (RSI) | Magnitude of price change; Analyzing oversold & overbought conditions |
68.21 <30 = Oversold 50-70 = Neutral >70 = Overbought |
Neutral |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
STEPN (GMT) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of STEPN (GMT) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 24.2665 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 73.94 <50 = Low >50 = High |
High Volatility |
Comparison of GMT with BTC, ETH
Let us now compare the price movements of STEPN (GMT) with that of Bitcoin (BTC), and Ethereum (ETH).
From the above chart, we can interpret that the price action of GMT is similar to BTC and ETH but with a greater upside momentum. That is, when the price of BTC and ETH increases or decreases, the price of GMT also increases or decreases respectively.
STEPN (GMT) Price Prediction 2024,2025-2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of STEPN (GMT) between 2024, 2025, 2026, 2027, 2028, 2029, and 2030.
| Year | Bullish Price |
| STEPN (GMT) Price Prediction 2024 | $1 |
| STEPN (GMT) Price Prediction 2025 | $1.5 |
| STEPN (GMT) Price Prediction 2026 | $2.2 |
| STEPN (GMT) Price Prediction 2027 | $2.9 |
| STEPN (GMT) Price Prediction 2028 | $3.4 |
| STEPN (GMT) Price Prediction 2029 | $4.2 |
| STEPN (GMT) Price Prediction 2030 | $5.5 |
Conclusion
If STEPN (GMT) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish STEPN (GMT) price prediction for 2023 is $0.4022. Relatively, the bearish STEPN (GMT) price prediction for 2023 is $0.1739.
If there is a positive elevation in the market momentum and investors’ sentiment, STEPN (GMT) might hit $1. With future upgrades and advancements in the STEPN ecosystem, GMT might surpass its current all-time high (ATH) of $4.11 on November 21, 2021, and mark its new ATH.
FAQ
1. What is STEPN (GMT) ?
STEPN (GMT) is the governance token of STEPN. STEPN is a move-to-earn (M2E) NFT game built on top of the Solana blockchain.
2. Where can you buy a STEPN (GMT)?
Traders can trade STEPN (GMT) on the following cryptocurrency exchanges such as Binance, Deepcoin, CoinW, Bybit, and Bitrue.
3. Will STEPN (GMT) record a new ATH soon?
With the ongoing developments and upgrades within the STEPN platform, STEPN (GMT) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of STEPN (GMT)?
STEPN (GMT) hit its current all-time high (ATH) of $4.11 On April 28, 2022.
5. What is the lowest price of STEPN (GMT)?
According to CoinMarketCap, GMT hit its all-time low (ATL) of $0.1003 on March 11, 2022.
6. Will STEPN (GMT) hit $1?
If STEPN (GMT) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $1 soon.
7. What will be the STEPN (GMT) price by 2024?
STEPN (GMT) price might reach $1 by 2024.
8. What will be the STEPN (GMT) price by 2025?
STEPN (GMT) price might reach $1.5 by 2025.
9. What will be the STEPN (GMT) price by 2026?
STEPN (GMT) price might reach $2.2 by 2026.
10. What will be the STEPN (GMT) price by 2027?
STEPN (GMT) price might reach $2.9 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
