STEPN (GMT) Price Prediction 2023 — Will GMT Hit $2.5 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) |
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. 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 2022 is explained below with a daily time frame.
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).
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 |
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.
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 2022 — 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. The 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.
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).
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
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.
STEPN (GMT) has been listed on many crypto exchanges which include Binance, OKX, WhiteBIT, Upbit, Gate.io and KuCoin.
With the ongoing developments and upgrades within the STEPN platform, STEPN (GMT) has a high possibility of reaching its ATH soon.
On April 28, 2022, STEPN (GMT) reached its new all-time high (ATH) of $4.11.
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.
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.
STEPN (GMT) price is expected to reach $4 by 2024.
STEPN (GMT) price is expected to reach $6 by 2025.
STEPN (GMT) price is expected to reach $8 by 2026.
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.
Read more: https://thenewscrypto.com/stepn-gmt-price-prediction-2023-will-gmt-hit-2-5-soon/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
