Green Satoshi Token (GST) price prediction 2023-2030
Most crypto tokens follow an upward trend after they're released. However, only a few remain on a consistent upward trend several months after they launch. Green Satoshi Token (GST) is one of those cryptocurrencies that gained momentum and hit an all-time high value just one month after its release. What is the current token's value, and what Green Satoshi Token (GST) price predictions do analysts and experts share for 2023 and beyond? Let's find out.
What is Green Satoshi Token (GST)?
Green Satoshi Token (GST) is one of the two tokens used by the STEPN app. The second one is GMT, which we reviewed in a previously published article.
GST is a Solana token that powers STEPN's play-to-earn game. Its main purpose is to encourage players to live a healthy and active life and earn tokens as they move. It's one of the two tokens from the STEPN ecosystem. The GST and GMT tokens are both used in the STEPN app. However, each of them serves a different purpose. GMT is used to mint new sneakers, whereas GST can be sold to gain profit. The number of Green Satoshi Tokens is limited to 635,468,206 GST, per data from CoinMarketCap.
To earn rewards in the STEPN app, users need to lease or rent sneakers from the STEPN app. Users can earn game currency by jogging, walking or running outdoors once they have leased the NFT sneakers. The game currency can be cashed out for profit or used in-game.
According to the STEPN whitepaper, there are three STEPN game modes:
- Solo mode. A user can earn tokens by moving.
- Marathon mode. Players earn tokens by participating in marathons. Keep in mind that to participate in marathons, users need to register for each race at least 24 hours before the event starts.
- Background mode. This gets activated when a user owns or leases a sneaker. It is enabled even when the STEPN app is off. Background mode pulls the step count from the fitness tracking app installed on the user's mobile device.
The Australian fintech firm Find Satoshi Lab launched STEPN in August 2021. A new management team was formed in September 2021, and in October 2021, the project secured the Solana Ignition Hackathon Gaming Track.
Jerry Huang and Yawn Rong of Find Satoshi Lab are the co-founders of STEPN and the Green Satoshi Token. On 29 October 2021, STEPN was listed 4th in the GameFi category at the Solana Ignition Hackathon. In December 2021, STEPN launched its public beta.
In December 2021, the Green Satoshi Token (GST) was first listed in major crypto aggregation portals at around $1.55. Over several months following the token's release, the GST price saw a steady rise. The token reached its first high price of $3.04 in January 2022. In early March 2022, GST's price reached almost $4 and climbed to $5.45 on 8 April 2022. By the end of April, the Green Satoshi Token had hit its highest value of $8.51.
Following the price rise, the GST token's value rapidly sank within two months and hit $0.20 in June 2022. By September 2022, the token's price had dropped by 99.6%. On 19 September 2022, GST reached an all-time low of $0.02.
Green Satoshi Token Whitepaper
According to the STEPN whitepaper, there are two tokens used in the ecosystem:
- Game Token: GST (Green Satoshi Token)
- Governance Token: GMT (Green Metaverse Token)
Users can earn GST as a reward for specific game finance (GameFi) modes. The STEPN app has different in-game events during which STEPN integrates GST. Such events include:
- Shoe minting
- Sneaker repairs
- Levelling up STEPN NFT sneakers
- Unlocking sockets
- Upgrading gems.
GST doesn't require any investments. All it takes to earn GST is spending time and effort as a user jogs, walks or runs. It should be noted that there is an unlimited supply of GST tokens. Inflation is managed by removing GST tokens from circulation whenever any in-game events listed above occur.
What is GST used for?
There are two different types of Green Satoshi Token cryptocurrency:
Players can take part in STEPN's solo mode to earn GST. The whitepaper states, "Users are equipped with NFT Sneakers to earn tokens by moving. Energy is needed to earn Green Satoshi Tokens (GST). Every one Energy equals five minutes of move-and-earn movement and Energy, which ONLY starts replenishing after users acquire an NFT Sneaker. To begin, users select a Sneaker of their choice and press Start".
If you own a sneaker NFT, you earn 100% of the GST earmarked for whatever actions to take in the solo mode. If you rent a sneaker, your earnings make up only 70%, with the remaining 30% going to the sneaker's owner.
Green Satoshi Token (GST) Price Analysis
At the time of writing this Green Satoshi Token (GST) price prediction on 26 December 2022, the token ranked 685th on CoinMarketCap. The GST price was $0.016540, with a daily trading volume of $30,382,079, a live market cap of $10,345,547 and a circulating supply of 625,468,206 GST.
STEPN (GST) price statistics (as of 26/12/22)
Daily trading volume
GST price history
In the past 24 hours, the token increased by 0.2% in its current value. If we compare the market cap at the time of writing with yesterday's, we can also notice a 0.67% rise.
The GST token is arguably one of the most successful tokens of 2022. It embarked on a bullish trend soon after its official launch. After its debut at $1.8451 on 22 December 2021, the token gained 70% in two weeks and reached $3.1216 on 6 January 2022.
Even though the Green Satoshi Token (GST) started to lose some momentum between 16 and 20 January 2022, it started a steady climb to $2.9423 by 20 February 2022.
Between 1 and 6 March 2022, the Green Satoshi Token (GST) price jumped by nearly 50%, reaching an all-time high of $3.9838. The next price jump was recorded in April 2022, when the GST token reached $4.7337 on 1 April 2022, surging to $5.4805 six days later.
After a series of rises and falls, the GST token continued to climb throughout April 2022 and then reached the current $9.03 price record on 28 April 2022.
After the massive surge, the GST token dipped the following day and lost over 45% of its value to reach $4. On 30 September 2022, the GST token dropped to $0.021.
After a partnership with ASICS, the token saw a new spike on 5 November 2022. However, it soon lost its gains and dropped to $0.02 on 28 November 2022. The price didn't stop falling in November 2022, either. On 25 December 2022, GST decreased to its new all-time low of $0.01546.
How does all this historic data impact Green Satoshi Token price predictions? Let's see.
Green Satoshi Token predictions 2022
According to the analysis of the past GST price performance, the Green Satoshi Token (GST) price prediction for the end of 2022 is put as follows. The token is predicted to reach a minimum value of $2.53. However, the GST token can reach a high of $2.87, with an average trading price of $2.79.
GST technical analysis
Based on data from 26 December 2022, the general Green Satoshi Token price prediction sentiment is bearish, with 3 technical analysis indicators signalling bullish signals and 23 signalling bearish.
As of 26 December 2022, Green Satoshi Token (GST) traded below the 200-day simple moving average (SMA). The 200-day SMA has been signalling SELL since 6 July 2022.
The price of the Green Satoshi Token is below the 50-day SMA. This indicator has been signalling SELL since 11 November 2022.
The Relative Strength Index (RSI) momentum oscillator value is at 30.42, which indicates that the GST market is in a neutral position.
Is Green Satoshi Token coin a good investment?
Move-to-earn (M2E) platforms have become immensely popular recently. As Web3 technology expands and improves, the number of M2E platforms created with their own native tokens continues to grow. GST has good potential to rise further when keeping in mind the all-time high of $9.03.
However, how high the GST price will rise completely depends on whether market conditions improve and the number of users who will join to play the STEPN game. The GST token can be considered a good long-term investment. As per GST's potential and its possible rise in the next five years, we can predict that the coin can reach the value of $18.03 in the future.
Green Satoshi Token (GST) price prediction 2023-2030
While price forecasts are important when you try to figure out if crypto is a good investment, it's important to remember that cryptocurrency price forecasts (especially long-term ones) can be inaccurate. Before making any investment decisions, do your own research and analyse the market. Keeping this in mind, let's consider some GST token price predictions.
WalletInvestor GST price prediction for 2023, 2025 and 2030
As of 26 December 2022, WalletInvestor gave a bearish GST price prediction. According to the website, GST is "a bad investment." Based on WalletInvestor's future GST coin price prediction, the token could have fallen to $0.001 in 2023.
DigitalCoinPrice GST token price prediction for 2023, 2025 and 2030
DigitalCoinPrice has a more optimistic view of the GST future price. The website suggested the Green Satoshi Token price prediction for 2022 could have averaged $0.0722 by the end of December 2022. The platform thought the GST price prediction for 2023 could be $0.088, $0.11 for 2025 and $0.28 for 2030.
CoinCodex GST price prediction for 2023, 2025 and 2030
According to the Green Satoshi Token price prediction shared by the CoinCodex platform, the value of Green Satoshi Token is predicted to drop by 3.02% and reach $ 0.016086 by 31 December 2022. Based on their Green Satoshi Token forecast, it's now a bad time to buy Green Satoshi Token.
PricePrediction GST price prediction for 2023, 2025 and 2030
PricePrediction's GST forecast predicted an average price of $0.035 in 2023 and $0.074 in 2025. The platform suggests that the cryptocurrency could average $0.49 in 2030.
Green Satoshi Token future forecast in general
Most analysts and experts provide optimistic Green Satoshi Token (GST) price predictions. Although we won't likely witness a whopping price rise like the one seen after the token's launch, GST's price may continue to grow gradually in 2023.
How high can GST coin go?
WalletInvestor's GST price prediction expects the token's price to fall to $0.001 in 2023. DigitalCoinPrice is more bullish, suggesting the token could average $0.31 in 2030. If we estimate the five-year plan, the GST price could hit the $12.09 mark.
GST price prediction today
As 2022 ends, Green Satoshi Token (GST) is expected to reach a new all-time high of $0.029253, followed by a new all-time low of $0.01546 in December 2022. The average price of GST may be around $0.024378, provided it receives the support it needs.
The future price of Green Satoshi Token depends on the overall performance of the crypto industry. Before investing, ensure you use the right strategy. GST should be the best choice for those with a high risk tolerance and a solid financial position.