Fri, November 22

STEPN (GMT) Price Prediction 2023 — Will GMT Hit $1 Soon?

STEPN (GMT) Price Prediction 2023, 2024, 2025-2030 Crypto Price Prediction
  • 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)  
GMT Current Market Status (Source: CoinMarketCap)

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.

GMT/USDT Descending Channel Pattern (Source: TradingView)

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.

GMT/USDT Resistance and Support Levels (Source: TradingView)

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
GMT Resistance & Support Level

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.

GMT/USDT RVOL, MA, RSI (Source: TradingView)
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).

GMT/USDT ADX, RVI (Source: TradingView)
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).

BTC Vs ETH Vs GMT Price Comparison (Source: TradingView)

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.

A perpetual learner who loves writing. Passionate about investing her time and zeal to explore the crypto world. Curiosity and creativity are her superpowers.