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STEPN (GMT) Price Prediction 2023-2030

29 Dec, 2022 8 min read
STEPN (GMT) Price Prediction

We've seen many attempts to create move-and-earn apps. However, none broke into the mainstream until STEPN released its Web3 running app. The project combined gaming with social elements on the Solana blockchain network. Using a dual-token system, STEPN managed to gain users' attention soon after its release. This article will give you a sense of the STEPN (GMT) price prediction for 2023-2030 and its projected growth based on technical analysis.

What is STEPN (GMT)?

STEPN (GMT) is a Web3 lifestyle app created by the Australia-based fintech studio Find Satoshi Lab. The project succeeded in upgrading the old concept of exercising to a move-to-earn model, which has become vastly popular in the blockchain industry. The main idea behind the STEPN app is to promote a fit and healthy lifestyle while letting users earn rewards when they simply jog, walk or run while equipped with NFT sneakers. Green Metaverse Token (GMT) is the governance token of the STEPN app.

At the time of writing this STEPN (GMT) price prediction on 26 December 2022, STEPN was one of the most popular fitness apps on Google Play and the App Store. The app offers multiple features to deliver a seamless experience to experts and newbies. The STEPN app includes an entire ecosystem of cryptocurrency-related products that allow newcomers to interact easily with it without downloading any extra apps.

STEPN features a built-in wallet, an exchange service, a marketplace and more. In-app gamification is the feature that sets it apart. For example, players can mint shoes and level up their NFT sneakers. The GMT token is mainly used for governance purposes within the STEPN app. Users can burn it to access features like sneaker upgrades. The GMT token is also used to vote on decisions concerning the distribution of staking rewards.

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How Does STEPN Work?

To begin with, users need to download the STEPN app, connect their wallets and transfer Solana (SOL) cryptocurrency to buy NFT sneakers and start their journey with the STEPN app.

Buying NFT sneakers with SOL is required to start using the app and earning rewards. Connecting your NFT sneakers to the app allows you to jog, walk around and run outdoors no matter where you are in the world. By doing so, you can earn different rewards like levelling up, upgrading sneakers or cashing out cryptocurrency in fiat money.

After completing a signup process on the in-app marketplace, users need to buy a pair of sneakers. After proceeding through the instructions, one can start using the STEPN app and earn a free GST token with additional benefits.


STEPN uses a dual-token system:

  • GST or Green Satoshi Token
  • GMT or Green Metaverse Token

According to STEPN's whitepaper, GST is a game token, while GMT is a governance token. Both are heavily used in the run-and-earn model. GST has an unlimited supply, but GMT was minted at the Token Generation Event (TGE) with 6,000,000,000 tokens. 30% of the total number of GMT tokens are distributed through the move-and-earn mechanism and governance participation. To ensure the longevity of the STEPN project, the total release of GMT tokens halves every three years.

Users need to move in Solo or Background mode to earn GST. Earning GMT tokens is done via different mechanisms, like levelling up sneakers, halving and random daily distribution.

GMT Distribution

GST and GMT tokens can be burnt as a result of different actions in the game. See the image below for a complete list of actions. According to the whitepaper, these burning mechanisms will be destroyed in the future.

Actions for burning GST/GMT

STEPN Projects

Before we discuss the STEPN (GMT) price prediction for 2022 and beyond, let's consider some of the most significant developments that have been recently released in the STEPN universe. 

  • In 2022, STEPN launched DOOAR, its own decentralised exchange (DEX) on Solana. The DEX charges a 1% trading fee. The majority of the fees go into STEPN's ecosystem fund.
  • On 22 July 2022, STEPN introduced a new attribute called HP (health point) for its sneakers. According to the official explanation published in the press release, "HP now introduces a lifespan to STEPN sneakers. Without HP, the sneakers have an infinite supply and would never be worn out, which is a recipe for inflation and eventual price drop". 
  • On 8 August 2022, a new GMT earnings plan was officially announced. The GMT earnings will change dynamically every five minutes based on the amount of live GMT earners. This is done to achieve a dynamic balance between the GST and GMT earning sides.
  • On 9 August 2022, STEPN partnered with Japanese messaging app LINE to "utilise LINE Blockchain in the localisation of STEPN for the Japanese market".

Features of the GMT token

To help you better understand how the STEPN governance token works and to continue discussing the GMT token price prediction, let's consider STEPN's (GMT) key features. 

  • Burn Mechanism. This process aims to reduce the number of GST and GMT tokens through different in-app activities. The feature was added to welcome more users to lead a healthy and active lifestyle.
  • DOOAR. It's not the first time we have mentioned this functionality in our STEPN (GMT) token price prediction article. It's a multi-chain decentralised exchange on Solana. 
  • Dual-Token model. The STEPN ecosystem runs on the dual-token model. This is mainly done due to the need for fundraising and utility. In the STEPN ecosystem, users have access to two tokens used through different methods.
  • Carbon Offsetting. The STEPN project contributes some part of its profits to combat climate change. Users may choose to give the GST earnings, which will be exchanged for USDC/Fiat and burned, or purchase Carbon Credit Buying/Burning.

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STEPN (GMT) Price Analysis

Before we discuss STEPN (GMT) token price predictions, let's consider its value at the time of writing. As of 26 December 2022, STEPN (GMT) cost $0.2866, with a daily trading volume of $46,711,170. The token ranked 124th on CoinMarketCap, with a live market cap of $172,302,635, a circulating supply of 600,000,000 GMT and a maximum supply of 6,000,000,000 GMT.

STEPN (GMT) price statistics (as of 26/12/22)

Current price


Market cap


Circulating supply

600,000,000 GMT

Maximum supply

6,000,000,000 GMT

Daily trading volume


All-time high

$4.11 (28/04/22)

All-time low

$0.1003 (11/03/22)



GMT coin price history

STEPN to USD Chart
STEPN to USD Chart

In the past 24 hours, STEPN (GMT) price has decreased by 0.72% to its current value of $0.2866 (as of 26/12/2022). If we compare the current $172,302,63 market cap with yesterday's, we can see that it's also down by 0.71%.

In the past 7 days, the GMT token was in a downtrend, with a 7-day low of $0.2788 value and a 7-day high of $0.3111.

Within the last month, the price of the GMT token bounced from the 30-day low of $0.2788 to the 30-day high of $0.419. The sudden downward movement means the token is in dip now, which could indicate a good buying opportunity for a quick investment.

Over a 90-day period, GMT's price changed from $0.2788 to $0.7322.

GMT/USDT price chart


GMT technical analysis

As of 26 December 2022, the general GMT price prediction sentiment is bearish, with 5 technical analysis indicators signalling bullish and 22 bearish signals.

At the time of writing this STEPN (GMT) price prediction (26/12/2022), the token was trading below the 200-day simple moving average (SMA). The 200-day SMA has been signalling SELL since 24 September 2022.

The price of Green Metaverse Token was below the 50-day SMA, and this indicator has been signalling SELL since 7 November 2022.

The Relative Strength Index (RSI) momentum oscillator was 28.19, indicating that the GMT market is in oversold territory. The RSI indicator suggested the GMT price should decrease in the future.

Is the STEPN coin a good investment?

There are many STEPN (GMT) crypto token price predictions. Some experts believe GMT's price should significantly grow in the future, while others predict the token's value may soon drop. STEPN is an interesting project that has generated a lot of attention recently. In terms of its market cap, STEPN (GMT) seems like it could be a wise investment choice.

STEPN (GMT) price prediction 2023-2030

2022 was an eventful year for STEPN (GMT). The token experienced both rises and falls. At the time of writing this STEPN (GMT) price prediction, GMT had a trading volume of $62,938,986. In the past 30 days, STEPN's (GMT) price dropped by 20.55%.

According to the short-term price predictions, the STEPN (GMT) token's price may average $0.62 in February 2023. Long-term forecasts, on the other hand, put the STEPN (GMT) price prediction for June 2023 as high as an average of $0.68. Let's consider the STEPN (GMT) price predictions shared by analysts and crypto experts for the end of 2022, 2023 and beyond.

WalletInvestor GMT price prediction for 2023, 2025 and 2030

According to WalletInvestor's STEPN (GMT) price prediction for the longer term, the token is expected to trade at $0.121 by the end of 2022. WalletInvestor's STEPN price prediction for 2025 expected the GMT token to fall further to $0.03073.

DigitalCoinPrice GMT price prediction for 2023, 2025 and 2030

GMT price prediction provided by DigitalCoinPrice looks more optimistic. According to its STEPN price prediction for 2023, the GMT token is expected to trade at an average price of $0.85. The website expected the GMT token to hit an average price of $5.12 in its STEPN price prediction for 2030.

CoinCodex GMT price prediction for 2023, 2025 and 2030

CoinCodex provides short-term GMT token price predictions. According to the website, the token's value could have risen by 2.3% to  $0.369 by the end of 2023. However, its one-month GMT price prediction suggests the token may drop to $0.344.

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STEPN future forecast in general

Cryptocurrency prices are very volatile, especially when we discuss new tokens like GMT. As you can see from the GMT price predictions cited above, STEPN (GMT) token price projections are rather contradictory. There is no universal consensus either about its positive or negative price movements. The cryptocurrency's possible future growth depends on such factors as new technological solutions in STEPN projects, its legal position, the crypto environment in general and more. 

How high can the GMT coin go?

Per the latest GMT price predictions, GMT's price is expected to go as high as $15.7 by the end of 2030.

GMT price prediction today


Because STEPN (GMT) is a relatively new cryptocurrency, it's difficult to predict its future price trends. However, looking at the token's historical data can give us insights into how the token may perform in the future. Based on its past performance, we can assume STEPN's (GMT) price will continue to rise as more users install the app and use the platform. Since the token's IDO in March 2022, GMT has already seen some rises and falls. Currently, the token's market cap is among the Top 100 on CoinMarketCap. The GMT token's price peaked at $4.11.

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