This article was last updated on August 15, 2022
STEPN is a project that gained massive attention with its unique product description. The GTM cryptocurrency itself launched in March 2022. Since then, the project’s community has grown substantially. This led to the interest of the general public as well. More precisely, a lot of people are wondering about STEPN’s price predictions for the upcoming year, mainly because the project looks promising.
This is exactly what we will be focusing on in this article. However, we will also talk about STEPN in detail, how to buy STEPN, its history, etc.
Before we begin, we suggest checking out our article “Crypto For Beginners“, especially if you are new to the crypto space. In this article, we go through everything you need to know about the cryptocurrency world and how to easily navigate through it. This will give you a quick leap in knowledge and understanding of the industry.
Over the past week, the price of STEPN (GMT) remained around $1.01. The circulation supply is 600 million tokens. The market cap went up to $603 million.
Table of contents
- What Is STEPN?
- How Does STEPN Work?
- Price History & ATH
- Can STEPN Reach $5
- STEPN Price Predictions 2022 – 2030
- Our Opinion On STEPN (GMT) Price Predictions
- Is STEPN (GMT) A Good Investment?
- How To Buy STEPN (GMT) – Step-by-Step Guide
- How To Buy STEPN (GMT) – Summary
- How To Buy STEPN (GMT) – eToro
What Is STEPN?
STEPN is, before anything else, a “Web 3.0” application, or as the website states, a “Web3 lifestyle app” with SocialFi & GameFi elements, which is based on the Solana blockchain. The main goal in the game is to travel distance in real life. STEPN then tracks your progress and rewards you with tokens, depending on how much you’ve run. However, the trick here is that you need to buy a sneaker NFT.
These NFTs currently go for around 4-5 SOL. The current floor price for a sneaker NFT is 3.29 SOL. With Solana’s current price of around $30-$40, this results in the cheapest NFT being around $100-$130.
Because of the nature of STEPN, people refer to it as a move-2-earn application. We can definitely agree with that statement. However, we’d add a little something and turn it into a pay-2-move-2-earn. We believe this is a bit more accurate.
Nevertheless, you can still purchase GMT tokens through most major crypto exchanges. If you want to learn how to buy GMT, just scroll to our dedicated section below.
According to the official STEPN website, it aims to revolutionize the fitness market when it comes to applications by incentivizing people to lead a healthier lifestyle.
How Does STEPN Work?
Since STEPN grants you crypto rewards for traveling a certain distance, it needs a proper method to track your progress. Not only that, but it must be highly accurate. Otherwise, it won’t be fair equally to everyone. This is possible because the STEPN app manages to solve a huge problem, which is now coined “Proof-of-Movement” by enthusiasts.
That helps in proving that users really exercise and do not simply shake their mobile devices. There are further plans to introduce social rewards as part of their system. Moreover, they are looking for ways to contribute to carbon neutrality and even become a carbon-negative company.
Now let’s get back to how STEPN exactly works and what you should take into account. First of all, each Sneaker NFT comes with a different speed limit. This means that if you drop below a certain speed, you will be unable to earn rewards. Currently, there are 3 different types of sneakers – Walk (1-6 kph/ 0.6- 3.72 mph), Jog (4-10 kph/ 2.5-6.2 mph), and Run (8-20 kph/ 5-12.5 mph).
These will also grant you a different amount of crypto rewards, or more specifically, the GST – STEPN’s in-game-only token. The app calculates the GST you earn for every minute of movement. Be careful, however, because the app has a natural movement detector, which we do know a bit about, but it is said that it can easily see through mechanical movements, such as moving using a scooter. More on this can be found in the project’s whitepaper.
Another important factor is that the time you can earn is limited by your in-game Energy. This determines how long you can use STEPN and earn rewards in a single session. The Energy you have is closely connected to how many and what kind of Sneaker NFTs you have.
Price History & ATH
In this section, we will be talking about the price history of STEPN. This is a very important step before making a price prediction, especially for STEPN. That’s because there’s been a lot of volatility around the token ever since its release. Knowing the past prices and all-time high (ATH) will give you a better idea of what to expect and if the current evaluation is accurate, underpriced, or overpriced.
We will go over each year and notable price changes over the course of the past couple of months. Without further ado, let’s get right into it before moving to our STEPN price predictions.
The GMT cryptocurrency came to life on the 9th of March, or rather, it was released for free purchase to the general public. At that time, GMT had a price evaluation of $0.1491. The project quickly picked up due to its innovative approach, and the price began rising. That’s when it got listed on Binance, allowing for a growth of over 1200% in only 24 hours.
By the end of March, the price was already $2.37, which is already 17x bigger than what it was just 3 weeks ago. This is exceptional growth for any project out there. However, that was not the end of GMT’s growth.
In April, the project drew even more attention, and even more, major crypto exchanges took note of that. This got GMT the spotlight, which in turn allowed it to reach an all-time high of $3.98. However, this is when the crypto market began crashing even more, which took GMT down as well.
GMT began dropping, and the price went down to $0.98 in only 2 weeks after reaching its all-time high, which is a 75% drop in price. It took GMT the same amount of time to rise as it took it to drop.
Right now, the price of GMT is around $0.60-$0.70.
WARNING: Currently, the crypto market is highly volatile, and prices can change drastically at any given moment. We will make sure to keep this article updated daily, but make sure to check the price of GMT for yourself.
Can STEPN Reach $5
STEPN is a project that comes with a lot of utility, originality, and authenticity. This is what many investors love about it. Owners are optimistic about the development of the network once the market stabilizes. That’s why so many believe the price will not only reach $5 but go beyond.
However, let’s think about it for a moment. The current price of STEPN is around $0.60. This means it will need a more than 8x increase in order to reach a price evaluation of $5. With a current market cap of $354 million, this will result in a new market cap of nearly 3 billion, which is perfectly doable.
This is why we believe STEPN will reach $5. However, the results will not come anytime soon.
First, we need to see market stabilization. This will happen after the military conflicts in Europe get resolved. Until then, the market will proceed to be chaotic and bearish. As we can see, on the 13th of June, we’ve got Bitcoin to drop down below $25,000. This will lead to even more fear, and investors will start selling. Thus the price of most tokens will keep on dropping.
Yet, investors see this as an opportunity to accumulate tokens. That’s because they know that once the market stabilizes, they will have massive gains. They also believe this is where the big money is made due to the huge percentage gain that these tokens will see once the stabilization happens.
So when is STEPN going to reach $5? We believe STEPN will certainly reach $5, but it will take at least 1 more year or 2 if we are being conservative. However, if the global issues are soon resolved, the process can be shortened, yet if they proceed, it can take even a longer period.
STEPN Price Predictions 2022 – 2030
Our STEPN price forecast approach will be a conservative one while still remaining realistic. Keep that in mind when looking at our predictions. When making a price prediction, we must take into consideration the many different aspects that can affect a token like STEPN/GMT and the whole market.
For example, the military conflicts in eastern Europe are the main reason for the crypto market crash. It’s not only STEPN holders that are wondering whether or not it is time to cash out due to worries of escalation. Because of that, it is going to be the main factor we will be considering.
Following that, we will bring you our own opinion and realistic expectations, and even a table including the minimum price, average price, and maximum price of STEPN.
Without further ado, let’s get right into our STEPN price predictions.
For 2022 specifically, there are two things that can affect the GMT price more than anything. These would be the resolution of the conflicts in Europe or their escalation.
If things settle down, we can expect the price of STEPN to go up to $1.18 or more. Keep in mind that this is a somewhat conservative future price of GMT.
On the other hand, if the conflicts further escalate, we can see an additional drop in the market. This will affect the price of STEPN, and it could go for around $0.32.
Things are similar with 2023, although the biggest factor here will be how adopted cryptocurrencies will be. Not only by people but also by jurisdictions and institutions.
We believe that the token will start regaining its past prime and go up to around $1.85 or even $2.25.
On the other hand, we could also see a market stagnation, which will lead to GMT being evaluated at around $1.15.
Assuming the market calms down a little, we will see only a slight change in the lower and upper ranges. That would be around a 20% gain or 10% drop in price.
The maximum price will be somewhere between $2.6 and $3.15, while the minimum should be around $1.45.
There isn’t much of a change, but we will need to wait and see what the Bitcoin halving will look like. There’s a chance it will strongly affect the crypto market.
The further we get away from the current time, the more speculative we will be getting. By 2025, we’d hope to see even more adoption of cryptocurrencies. This will be great for literally every token out there that has utility.
Those without utility will surely disappear, as we can see by viewing historical data.
We can expect STEPN price to reach anywhere from $3.55 up to $4.05 if we are being more optimistic. However, many believe it will have broken the $10 mark by then, although we do not see that happening so easily.
Nevertheless, we need to make sure to keep the price conservative, which is why we go with about $4.
2026 will just further prove whether or not the cryptocurrency market will see greater adoption. We certainly believe it will. Because of that, we can expect the price of STEPN to be strongly supported at around $4 while reaching the highest price of $4.7-$5. As we said in the previous section, we believe the token will reach the price point of $5 in 1-2 years. However, we also take a more conservative approach in our actual expert price prediction research.
This is our price prediction for STEPN for the first year of the second half of the decade.
The greater the adoption of cryptocurrencies gets, the higher the prices will go. That’s because the overall cryptocurrency market cap will proceed to increase. Promising crypto projects such as STEPN will definitely follow the example of the mass.
At that point, we can expect to see STEPN at around $5.5, with a potential to reach $6.5.
2028 won’t be too different than 2027. These years are overall great for long-term investors. Hopefully, financial institutions will also want to work hand-in-hand with the crypto space.
Here, we should already have strong resistance levels at around $6.25, while the price can even go as high as $7.10
At this point, we must mention that our conservative approach might not last. That’s because by 2028 we will see enormous cryptocurrency adoption by both jurisdictions and regular citizens. This will highly affect the price of any cryptocurrency, so at this point, we are simply guessing.
We won’t be surprised if there is some sort of stagnation at the end of the decade. For this reason, we will speculate that the GMT price will stay at around the $7.25 mark.
This would be a great accumulative opportunity because many will start to sell STEPN due to a lack of volatility. The following year, we can expect a price rise, so let’s see what the beginning of the new decade potentially has in store for us.
For 2030, we will still remain realistic and conservative. However, we will go for a different approach. Because it will be the start of a new decade, the most important thing will be whether or not cryptocurrencies get needlessly regulated or not.
If that happens, the price of most tokens will certainly drop. This will definitely include the current price of STEPN at that time.
So how much will STEPN be evaluated?
Well, we believe that there will be a maximum value/maximum price level for the average trading price of around $8.75 (although many truly believe it will break the $10.5 mark).
However, the price of STEPN could also drop big time, and our price prediction might be completely off. At this point, our GMT price prediction will be around $1, which is just 2x above the current price of STEPN. And in the worst-case scenario that STEPN is forgotten, you can expect the price to go for only a couple of cents.
Related: Shiba Inu Price Prediction
Our Opinion On STEPN (GMT) Price Predictions
Given the STEPN price today, we can make lots of speculations. However, when making a price prediction or looking at one, you must stay completely aware that most of the time, it is completely off.
Although we kept a strong conservative approach with our average forecast price, you should still take this prognosis with a grain of salt. Stacks is certainly a great project with huge potential, which makes us believe that it will survive throughout the years.
That’s because many who have no understanding of the crypto market are buying Bitcoin. With time, they will definitely be more interested in the space. That’s also when they start learning how to optimize their Bitcoin tokens, which is where Stacks comes into play.
Overall, although we believe Stacks will certainly be bullish and we believe in our speculations, we can never be certain.
Is STEPN (GMT) A Good Investment?
At this point, you might be wondering – is STEPN a profitable investment? Although this is not investment advice, we are willing to share our opinion. However, make sure to do your own research as well.
When looking at the crypto market, you will find a lot of projects who are looking to find solutions to problems that do not exist. Others will create problems in order to present a solution.
And then, there are truly wonderful projects in the crypto and blockchain industry that are going to be the future of the crypto space. Such a project is STEPN. This alone is a good reason to believe it will believe in succeeding. We believe it to be a great investment, especially in the long run. Yet, since anything is possible with the crypto market, things can change in only a couple of months, so make sure to pay attention to STEPN news if you want to get the best out of your investment.
How To Buy STEPN (GMT) – Step-by-Step Guide
Thanks to the token’s massive success and popularity, STEPN is listed on most major crypto exchanges and online trading platforms. This means that investing in crypto is not too complex, and you won’t have to go through a lot of unnecessary steps. Below we have provided an in-depth outline of the general steps you will need to take to invest in STEPN and where you can find the token.
Choose A Crypto Exchange Platform
The first thing you will need to do is choose a crypto exchange platform that carries STEPN. Luckily, the token is quite popular and is present on most major platforms like eToro, Binance, Coinbase, Bitstamp, and Kraken.
Create An Account
After you have chosen your trading platform, you will need to create an account if you don’t already have one. This process is usually pretty straightforward and usually takes only a couple of minutes. However, you will need to provide personal information such as full name, date of birth, email address, and country of residence.
Verify Your Account
Once you have set up your account, you will also need to verify your identity. This process is a bit lengthier and requires some additional information. Generally, the platform will require that you provide copies of your photo ID, proof of address, and other documents. This is in accordance with Know Your Customer (KYC) laws which aim to prevent fraud.
Deposit Fiat Currency
Next, you will need to deposit funds into your account. You will use these to purchase APE coins. The amount you can deposit will depend on the crypto exchange platform you are using and the number of coins you wish to purchase. Each platform will support different payment methods and have varying minimum requirements.
Once you have supplied your account with sufficient funds, you can purchase your APE coins. Head over to the markets or crypto exchange section of your platform and search for the APE symbol. Once you have found STEPN, place an order for as many tokens as you would like to buy. Alternatively, you can input how much fiat currency you would like to spend, and the system will show you how many tokens that translates to.
(Optional) Move Your STEPN Tokens To An External Wallet
Once you have purchased your STEPN, you have the option to move it to an external third-party wallet. While you can easily store your cryptos in your exchange profile, a dedicated wallet is much more secure. Most platforms allow you to easily transfer your cryptos by linking a dedicated wallet to your exchange account. Alternatively, you can do it manually by transferring them to your wallet’s public address.
How To Buy STEPN (GMT) – Summary
Follow these steps to become an owner of STEPN (GMT):
- Choose A Crypto Exchange
- Create An Account
- Verify Your Account
- Deposit Fiat Currency
- Buy GMT
- (Optional) Move GMT To An External Crypto Wallet
How To Buy STEPN (GMT) – eToro
In this section, we will be looking at how to buy STEPN (GMT) using the eToro exchange. We believe eToro is one of the most popular exchanges in the world because of how easy it is to buy assets and how many features it offers.
Follow these 4 steps to become an owner of STEPN on eToro:
Create Your Account
To start off, you will need an eToro account. It is quite simple to create one. You will need to provide them with personal documents proving your identity. However, it will take up to a couple of days for the dedicated department to verify your identity. Once that’s done, you will be allowed to trade on the platform.
Link a Card
Before you make any trades, you will need to link your card to use it directly. Linking your cards is better than using them directly for a couple of different reasons. The first one is speed – your transactions will happen faster, and you won’t need to add any further card data. The second one is convenience and fast transaction times.
Now that you have your card linked, you can add funds to your account. Having funds ready ensures lightning-fast transactions, meaning there will be little slippage. In contrast, if you were to use a direct payment with your card, the price at which you purchase LINK will be different than the one you saw beforehand.
Once your account is funded, you can easily trade fiat currency for GMT. However, you can also choose the amount of GMT you wish to purchase and save some fiat for other tokens. After choosing the amount of GMT, you will need to confirm the transaction. Doing so will take your fiat and add GMT to your native eToro wallet and portfolio.
When looking at the crypto market, a couple of types of projects stand out. Those are the big players – Bitcoin & Ethereum; the memecoins – Dogecoin, Shiba Inu Coin; projects with purpose – Polkadot, Solana, Monero, etc.; and innovative and authentic projects such as STEPN.
Nowadays, as we already mentioned, most projects have no future and potential. Even some within the top 100 by market cap will be gone in a couple of months. That’s why finding a niche and purpose when developing a project is so important for its longevity.
This is exactly the reason STEPN is going to keep growing – it has no direct competition and has a clear niche that cannot be duplicated. Who would’ve thought there’d be an app that rewards you for running around town and staying healthy.
For this and many other reasons, we believe STEPN is a valuable asset to have and an interesting SocialFi & GameFi application you can participate in. Not only that, but its price evaluation will continue to grow once everything settles down.
We also strongly believe that our price predictions for STEPN are mostly accurate. That’s due to the conservative and realistic approach we kept throughout the way. Although we are open to the idea that these are the lowest levels it will reach, we believe keeping it simple is more important.
At the end of the day, however, these are only speculations, so keep that in mind.
We can’t wait to see what awaits in the future for STEPN, which is exactly why we will be keeping you updated.
Read Next: ApeCoin Price Forecast