Josephine Norton
The Green Metaverse Token (GMT) is the governance token of the fitness application STEPN, which encourages users to lead a healthy and eco-friendly lifestyle by offering blockchain-based rewards. STEPN has two tokens: the Green Satoshi Token (GST), which is used to pay users, and the GMT, which is used for governance purposes and voting on decisions concerning the distribution of staking rewards.
As of June 2024, GMT is predicted to be a good investment, with a projected increase in value of around 44.55% over five years. However, it is important to note that cryptocurrency markets are extremely volatile, and predictions can often be wrong.
When considering investing in GMT or any other cryptocurrency, it is recommended to conduct thorough independent research and never invest more money than you can afford to lose.
What You'll Learn
GMT's historical performance
The Green Metaverse Token (GMT) is a governance token for a fitness application called STEPN. STEPN is a web3 running application with gaming and social elements on the Solana blockchain. STEPN first came onto the open market on 2 March 2022, with a token price of about $0.01. In the following month, the crypto's value skyrocketed, reaching an all-time high of $4.11 on 28 April. However, the market crash in May 2022, triggered by the depegging of the UST stablecoin and the collapse of LUNA, caused GMT to plummet to $0.8292. The crypto market crash in November 2022, sparked by the collapse of the FTX exchange, sent STEPN closing the year at $0.2296.
The year 2023 saw a more encouraging performance for GMT investors, with a buoyant market helping the token reach a high of $0.6817 on 26 January. On 28 February 2023, GMT was valued at approximately $0.382, with 600 million STEPN in circulation out of a total supply of six billion. This gave the token a market cap of around $229 million, ranking it as the 156th largest crypto by that metric.
As of August 2024, GMT reached a new all-time low of BTC0.051672. However, in September 2024, GMT's price rebounded, with a 24-hour trading volume of $43,824,502.75. The highest price of GMT in September 2024 was $0.3126, while the average trading price was expected to be around $0.3126.
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GMT's projected growth
The Green Metaverse Token (GMT) is the governance token of STEPN, a Web3 move-to-earn mobile application with gaming and social elements. The GMT token is used for governance purposes within the STEPN app and can also be burned to access certain features.
As of September 2024, GMT is currently worth $0.129606 per (GMT / USD), with a 24-hour trading volume of $25.99M USD and a circulating supply of 2.46B. Its market cap is $318.81M USD, ranking it 156th largest crypto by that metric.
2024
According to technical analysis, the value of GMT is projected to increase by 5%, potentially reaching $0.130127 in the next 30 days.
2025
Based on technical analysis by cryptocurrency experts, the GMT price is expected to reach a maximum of $0.8280, with a minimum of $0.6798. The average trading cost is predicted to be $0.6994.
2026
The maximum GMT price is expected to be around $1.18, with a minimum of $1. The average trading cost is predicted to be around $1.04.
2027
The maximum GMT price is predicted to be $1.18, with a minimum of $1. The average trading price is expected to be $1.04.
2028
The maximum GMT price is predicted to be $1.72, with a minimum of $1.46. The average trading price is expected to be $1.51.
2029
Crypto experts predict that the average GMT price will be around $2.17. It might drop to a minimum of $2.11, but it could also reach $2.52 throughout the year.
2030
The GMT price is estimated to be traded between $3.00 and $3.62 in 2030. Its average cost is expected to be around $3.09.
2031
The maximum GMT price is predicted to be $5.39, with an average trading price of $4.62.
2032
The maximum GMT price is expected to be $7.82, with an average trading price of $6.46.
2033
The maximum GMT price is predicted to be $10.81, with an average trading price of $9.66.
2040
The maximum GMT price is predicted to be $254.41, with an average trading price of $234.91.
It is important to note that these projections are based on historical data and current trends, and the highly volatile nature of the cryptocurrency market makes it difficult to predict future price movements with absolute certainty.
Additionally, the utility of the GMT coin is directly related to the user base of the STEPN app. If the number of users increases, the utilisation of GMT will also increase, driving up its price.
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GMT's market cap
The Green Metaverse Token (GMT) is the native governance token of the STEPN app, a web3 move-to-earn project that encourages a healthy lifestyle using NFTs on the Solana blockchain. STEPN was founded by Australian blockchain entrepreneurs Yawn Rong and Jerry Huang.
The STEPN app has gained popularity within the Solana community and the wider crypto space. Users can earn GMT by participating in outdoor activities like walking, running, and jogging, or by owning NFT-based sneakers within the app. The maximum supply of GMT tokens is set at 6 billion, ensuring a deflationary nature to the token's release.
While some crypto analysts predict that GMT will continue to rise in value, others are more cautious or bearish. It is important to note that cryptocurrency markets are extremely volatile, and it is challenging to make accurate price predictions. As such, investors should always conduct their own research and never invest more than they can afford to lose.
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GMT's competition
Another type of competitor to GMT is non-fungible tokens (NFTs), which have gained popularity in recent years. NFTs allow users to own the rights to a link with a unique piece of artwork. While there is a link between NFTs and the metaverse, GMT's competition in this space may be limited as it requires users to also be interested in living a healthy lifestyle.
In addition, GMT also faces competition from other crypto projects that do not fall into the move-to-earn or NFT categories. These projects may offer different features and functionalities that appeal to users, such as traditional play-to-earn solutions or other innovative fitness solutions.
Overall, GMT's competition is varied and includes a range of apps, cryptocurrencies, and NFT-based projects. The success of GMT will depend on its ability to differentiate itself from these competitors and offer unique features that appeal to users.
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GMT's community
The GMT crypto community is an important aspect to consider when evaluating the potential of this digital asset as an investment.
Firstly, it is worth noting that the GMT crypto project, also known as STEPN, has a dedicated and engaged community of users and investors. This is evident from the fact that STEPN was one of the most popular fitness apps on both Google Play and the App Store at the time of writing. The app combines elements of gaming and social interaction, encouraging users to get active and earn rewards. This sense of community and engagement is a positive sign for the growth and development of the project.
However, when comparing GMT to other crypto communities, there is room for improvement. For example, one source notes that the community build-up for GMT has been relatively low compared to other projects. Luna Classic, for instance, had one of the most aggressive communities, with mentions of their token far exceeding that of GMT within the same time frame.
The GMT community's size and engagement level can impact the success of the project in several ways. A strong community can drive greater adoption and usage of the platform, leading to increased demand for the GMT token. Additionally, an active community can contribute to the development and promotion of the project, providing feedback, suggestions, and support to new users.
While the GMT community has shown dedication, there is potential for further growth and engagement. This could be a key factor in the long-term success and sustainability of the project, as a robust and active community can enhance the value proposition of the GMT token and the STEPN platform as a whole.
In conclusion, while the GMT crypto community has shown promise, there is still work to be done to ensure that it thrives and reaches its full potential. This includes fostering a sense of community, encouraging user engagement, and driving greater adoption of the platform. By doing so, the GMT project can enhance its competitiveness and long-term viability in the crypto and blockchain space.
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Frequently asked questions
It is hard to say. While it was up from the start of the year, it has been on a largely downward trend. The future of GMT's price will depend on the performance of the market as a whole.
GMT, or Green Metaverse Token, is a governance token for the fitness application STEPN. STEPN is a play-to-earn app that encourages users to lead a healthy and eco-friendly lifestyle by offering them blockchain-based rewards for moving around outside.
As of 28 February 2023, GMT was worth about $0.382.
MyEtherWallet (MEW) is the recommended storage for GMT tokens.
It is difficult to accurately predict the future price of GMT due to the volatility of the cryptocurrency market. However, some sources have predicted that GMT could reach $1 by 2032, $1.51 by 2028, and $10 by 2040.
