STEPN GMT Price Prediction – Is GMT the next Shiba Inu?

STEPN (GMT) on Coinmarketcap

Every from time to time an altcoin comes alongside that goes up and up and exhibits no signal of slowing down.

In late 2021 that was Shiba Inu, which continues to be trending every now and then on, at present the #2 trending coin on the coin worth monitoring web site.

The high trending coin proper now in Q2 2022, at present going viral, is STEPN (GMT). Learn extra about the transfer to earn STEPN app right here.

What is Green Metaverse Token?

GMT, Green Metaverse Token, is the governance coin of the STEPN app, which runners and joggers – even walkers – can use to earn crypto whereas exercising, in the type of GMT and GST (Green Satoshi Token). The extra they train, the extra they earn.

It’s a enjoyable, novel and attention-grabbing use case and the STEPN app arguably has extra lasting enchantment and utility than meme coin Shiba Inu (SHIB) does.

The GMT worth has been exploding as the variety of customers of the STEPN app has been growing – downloading it and minting sneaker NFTs, their ticket to play the sport and begin incomes income.

STEPN is now the #29 app on the App Store in the Health & Fitness class.

GMT Price Prediction 2022

STEPN GMT Price Chart

GMT worth chart through Coingecko

GMT is probably extra corresponding to being the next Axie Infinity reasonably than the next Shiba Inu. That play to earn (P2E) crypto sport’s native token AXS went on a bull run from $0.10 to $166.09 on Binance – a 1661x run in 12 months.

GMT coin launched at $0.01 in March and at present hit a brand new all-time excessive of $3.83 on Binance – a 383x run to date for the ‘transfer to earn’ governance token.

The GMT worth is at present buying and selling at simply over $3.50, up roughly 100% to date in April.

GMT is but to be listed on Coinbase and should proceed to go up in 2022 till it’s listed – widespread new altcoins are inclined to pump in anticipation of being listed on the largest crypto platform in the US.

As famous in the beneath GMT worth prediction video Bitcoin is again above $41,000 and plenty of altcoins are rallying as investor confidence will increase for extra danger-on property.

Fears that Bitcoin could crash to the 20k degree appear to have handed, leading to a mini ‘altcoin season’. On-chain information means that lengthy-time period holders of Bitcoin aren’t promoting, and actually whales are persevering with to purchase and accumulate BTC, both on crypto exchanges or OTC (over the counter).

The concern and greed index was in excessive concern as Bitcoin briefly depraved all the way down to $38,400 on April 18th and the RSI reached oversold ranges. However that ‘pretend out’ transfer to the draw back was instantly purchased again up by patrons.

Then on April nineteenth the GMT worth put in a brand new ATH, flipping resistance ranges into new help. As that crypto Youtuber notes throughout his technical evaluation (TA), $3.83 was the 1.618 Fibonacci extension and his worth goal in the bullish case.

That proved to be an correct GMT worth prediction in the quick-time period.

GMT Marketcap

In the lengthy-time period, the GMT marketcap continues to be solely at present $2.1 billion, and it hasn’t damaged into the high 50 cash – GMT is at present ranked #54 on Coinmarketcap.

Shiba Inu hit a market capitalization of over $40 billion at its peak (now $13 billion), and continues to be the #15 largest coin. If GMT can flip Shiba Inu from right here, that might be a couple of 7x enhance in valuation – making the GMT worth over $20.

If Green Metaverse Token can attain the highest marketcap SHIB had, that might be a 20x acquire – placing the most optimistic GMT worth goal at round $70.

The GMT complete provide is far decrease than that of SHIB – solely 6 billion in comparison with 549,063,278,876,302. GMT cash even have an in-constructed burn mechanism to cut back the circulating provide.

In the medium time period, GMT might flip AXS which is the #44 ranked coin now that the Axie Infinity hype has died down – with a market cap 33% increased than GMT coin at present, $2.8 billion. That would put the worth of GMT at virtually $5.

Binance Labs Investing in GMT

One of the most constructive indicators for a continued GMT bull run is the line-up of enterprise capital (VC) traders in the STEPN venture:

  • Binance Labs
  • Alameda Research
  • Sequoia Capital
  • Folius Ventures
  • Solana Ventures
  • sixth Man Ventures
  • Sfermion

Co-founder of the STEPN app Yawn Rong commented:

‘Even although now we have grown 100x in the previous couple of months, that is solely the begin of our journey. We have many thrilling issues in our roadmap similar to multi-chain help, model partnerships and new GMT use instances with many thrilling initiatives. Watch this house!’

His companion Jerry Huang added:

Our group is the mainstay of our development and seeing them rewarded is our greatest motivation. Currently, a brand new participant can earn good returns by strolling / working even for 10 minutes, and a savvy participant can earn not solely good-looking token returns however different NFT rewards each day!

In Q3 2022 in accordance with the whitepaper STEPN will introduce a sneaker NFT rental system in order that customers can use the app with out having to purchase sneakers themselves – that may take away the situation of the costly ground worth of the sneakers and permit extra customers to be onboarded.

Note – Green Metaverse Token is to not be confused with GMT Token, which additionally has the ticker GMT.

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About the Author: Daniel