STEPN (GMT) Price Prediction 2023 — Will GMT Hit $2.5 Soon?

STEPN (GMT) Price Prediction 2022 - Will GMT Hit $6 Soon?
  • Bullish GMT price prediction is $0.3230 to $0.6658.
  • STEPN (GMT) price might also reach $2.5 soon.
  • Bearish GMT price prediction for 2023 is $0.6658.

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 $0.307337
24 – Hour Trading Volume $181,545,621
24 – Hour Price Change 1.9% down
Circulating Supply 600,000,000
All – Time High $4.11 (on Apr 28, 2022)  
GMT Current Market Status (Source: CoinGecko)

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) holds the 154th position on CoinGecko right now. GMT price prediction 2023 is explained below with a daily time frame.

GMT/USDT Ascending Channel Pattern (Source: Tradingview)

Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form within longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.

Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts

Currently, STEPN (GMT) is in the range of $0.312899. If the pattern continues, the price of GMT  might reach the resistance levels of  $02840,and $0.3124. If the trend reverses, then the price of GMT may fall to $0.2442, & $0.2209.

STEPN (GMT) Support and Resistance Levels

The chart below shows the support and resistance levels of STEPN (GMT).

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

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of STEPN (GMT).

Resistance Level 1$0.3230
Resistance Level 2$0.4691
Resistance Level 3$0.6658
Support Level  $0.2235
GMT Resistance & Support Level

The charts show that STEPN (GMT) has performed a bullish trend over the past month. If this trend continues, GMT might run along with the bulls overtaking its resistance level at $0.6658.

Accordingly, if the investors turn against crypto, the price of STEPN (GMT) might plummet to almost $0.2235, a bearish signal.

STEPN (GMT) Price Prediction 2023 — RVOL, MA, and RSI

The Relative Volume (RVOL) of STEPN (GMT) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of GMT lies below the cutoff line, indicating weak participants in the current trend.

GMT/USDT RVOL, MA, RSI (Source: Tradingview)

Also, the Moving Average (MA) of STEPN (GMT) is shown in the chart above. Notably, STEPN (GMT) price lies below 50 MA (short-term), so it is in a downtrend. Currently, GMT has entered a bearish state. Therefore, there is a possibility of a reversal trend of GMT at any time.

Meanwhile, the relative strength index (RSI) of the GMT is 46.63. This means that STEPN (GMT) is in a neither oversold nor overbought state. However, this means a major price reversal of GMT may occur in the upcoming days. So, traders need to trade carefully.

STEPN (GMT) Price Prediction 2023 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of STEPN (GMT). It helps to measure the overall strength of the trend. This indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

GMT/USDT ADX, RVI (Source:  Tradingview)

The above chart represents the ADX of STEPN (GMT). Currently, the ADX of GMT lies in the range of 52.7919 and thus, it indicates a strong trend. 

The above chart also represents the Relative Volatility Index (RVI) of STEPN (GMT). RVI measures the constant deviation of price changes over a period of time. The RVI of GMT lies above 50, indicating high volatility. In fact, the RSI of STEPN (GMT) is at 46.63 thus confirming a potential buy signal.

Comparison of GMT with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  STEPN (GMT).

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. This indicates that when the price of BTC increases or decreases, the price of GMT also increases or decreases respectively. 

STEPN (GMT) Price Prediction 2024-2030

Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of STEPN (GMT)between 2024 and 2030.

STEPN (GMT) Price Prediction 2024

If the declining price action completely slows down in momentum and the trend reverses,  STEPN (GMT) might probably attain $4 by 2024.

STEPN (GMT) Price Prediction 2025

With several upgrades in the network, STEPN (GMT) might enter a bullish trajectory. If the coin grabs the attention of major investors, GMT might rally to hit $6 by 2025. 

STEPN (GMT) Price Prediction 2026

If STEPN (GMT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, GMT would rally to hit $8.

STEPN (GMT) Price Prediction 2027

If STEPN (GMT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, GMT would rally to hit $10.

STEPN (GMT) Price Prediction 2028

If STEPN (GMT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, GMT would rally to hit $12. 

STEPN (GMT) Price Prediction 2029

STEPN (GMT) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, GMT would hit $14 in 2029.

STEPN (GMT) Price Prediction 2030

If investors flock in and continue to place their bets on STEPN (GMT), it would witness major spikes. GMT might hit $16 by 2030.

Conclusion

With continuous improvements in the STEPN network, we can say that 2023 is a good year for GMT. For this reason, the bullish price prediction of STEPN (GMT) in 2023 is $0.6658. On the other hand, the bearish price prediction of STEPN (GMT) price prediction for 2023 is $0.2235.

Furthermore, with the advancements and upgrades to the STEPN ecosystem, the performance of GMT would help to reach above its current all-time high (ATH) of $4.11 very soon. But, it might also reach $2.5 if the investors believe that GMT is a good investment in 2023.

FAQ

1. What is STEPN (GMT)?

STEPN (GMT) is the governance token of the web3 lifestyle app, STEPN. STEPN is a move-to-earn (M2E) NFT Game that was launched in August 2021.

2. Where can you purchase STEPN (GMT)?

STEPN (GMT) has been listed on many crypto exchanges which include  Binance, OKX, WhiteBIT, Upbit, Gate.io and KuCoin. 

3. Will STEPN (GMT) reach 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)?

On April 28, 2022, STEPN (GMT) reached its new all-time high (ATH) of $4.11.

5. Is STEPN (GMT) a good investment in 2023?

STEPN (GMT) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of STEPN in the past few months, GMT is considered a good investment in 2023.

6. Can STEPN (GMT) reach $2.5?

STEPN (GMT) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then STEPN (GMT) will hit $2.5 soon.

7. What will be STEPN (GMT) price by 2024?

STEPN (GMT) price is expected to reach $4 by 2024.

8. What will be STEPN (GMT) price by 2025?

STEPN (GMT) price is expected to reach $6 by 2025.

9. What will be STEPN (GMT) price by 2026?

STEPN (GMT) price is expected to reach $8 by 2026.

10. What will be STEPN (GMT) price by 2027?

STEPN (GMT) price is expected to reach $10 by 2027.

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.