STEPN (GMT) Price Prediction 2023, 2024, 2025, 2029: Is GMT a Good Investment?

Right now, STEPN (GMT) is priced at $0.209135, CMC data shows, with a jaw-dropping $2.80 billion in 24-hour trading volume.

STEPN (GMT) is currently priced at $0.209135, a price that has attracted attention with a 24-hour trading volume of $2.80 billion, according to CoinMarketCap.

Despite the high trading activity, GMT has a relatively low market cap of $230.35 million and a modest market dominance of 0.01%.

The token is designed to be used within the STEPN move-to-earn app, where users can earn GMT by moving around and completing fitness challenges.

GMT holders can also participate in governance decisions within the STEPN ecosystem.

Over the past 24 hours, GMT has experienced a surge of 56.16%, a move that has not gone unnoticed.

The Fear & Greed Index currently sits at 74, indicating a strong presence of bullish sentiment in the market.

Traders are feeling bold and optimistic about the upcoming price movements.

Out of STEPN's total token supply, which stands at 6.00 billion, there are 1.10 billion tokens currently in circulation.

However, it's worth noting that less than 18% of the total supply has been released into the market, which contributes to the lower liquidity for GMT.

This limited supply could potentially impact the token's price movements and trading activity.

When examining GMT's performance over the past year, the picture is less rosy.

The token has taken a hit of 32%, underperforming 89% of the top 100 crypto assets.

This lackluster performance over the year has placed GMT in the bottom tier among the leading cryptocurrencies.

Despite the lack of stellar performance over the year, GMT has managed to stay above the 200-day simple moving average, which could be seen as a small victory in the face of adversity.

Additionally, the token has enjoyed 17 green days out of the last 30, which might indicate a gradual recovery and a shift in momentum.

Historical Performance and Future Potential

Taking a trip down memory lane to March 2022, we find GMT launching at a mere $0.01 during its IEO.

Since then, it's been quite the fortunate journey, with the token appreciating significantly.

At the time of writing, GMT is valued at 20.87x more than the US Dollar, 16.61x against Ethereum, and 8.96x in comparison to Bitcoin.

Not too shabby at all. Among the years, 2022 proved to be the best for GMT, as it enjoyed a remarkable 68.37% increase.

Compare that to 2023, which saw a more modest 38.82% rise—like going from a wild party to a low-key dinner.

But what about the future? If analysts are to be believed, there's a lot of promising potential.

Predictions have GMT shooting up by 252.26% to $0.691028 by January 2025.

And in just five days, it could climb to $0.261691—a tidy 24.25% gain. Not bad for a week's work, so to speak.

For 2024, experts think GMT will bounce between $0.196168 and $0.241232, with an annual average of $0.217028.

That's a potential 14.59% return, which isn't going to make you rich overnight but could be a nice little win for patient investors.

The Job of GMT in the STEPN Ecosystem

So what's the deal with STEPN? It's more than just another blockchain project—it's a move-to-earn app on the Solana network, blending gaming, social features, and fitness to keep users hooked.

Think of it as gamifying your daily jog but with crypto rewards. It uses two tokens: GST (Green Satoshi Token, utility game token) and GMT (Green Metaverse Token, governance token).

If you hold GMT, you get to vote on decisions within the ecosystem and enjoy other perks.

STEPN is trying to crack a tough nut: making move-to-earn a mainstream hit. Many others have tried and fizzled out, but STEPN is betting its mix of gamification and Web3 tech will break through.

The project's vision feels fresh, even if the market has thrown it a few curveballs.

Technical Fingers Point to a Blend of Opportunity and Risk

On the technical side, things are looking pretty good for now.