STEPN (GMT) Price Prediction – Will GMT Price Hit $5 Soon?

This STEPN (GMT) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into account upon coming up with our Green Metaverse Token (GMT) price analysis and prediction.

There are many cryptocurrencies that spiked to a new all-time during this 2021 bull run. In contrast, some crypto also faced a downtrend position. As a result, many crypto traders are worried about whether it is time to hold or sell their crypto. This is also the same case that traders are experiencing in GMT. However, STEPN is one of the newcomers into the market that has given its investors over 200% returns in the past two weeks.

Nevertheless, the crypto market is consolidating lately, and many cryptocurrencies are losing their previous profits. Will GMT experience the same price volatility? We’ll find out shortly in this STEPN price analysis 2022 article. But first, let’s have a look at what STEPN (GMT) is.

What is STEPN (GMT)?

STEPN is a Web3 lifestyle app with fun social elements and gamification design. Users equipped with NFT Sneakers – walk, jog or run outdoors to earn GST, which can be used to level up and mint new Sneakers. Players can choose to lease or sell their NFT Sneakers on the in-app Marketplace; users’ GST earnings are stored in the in-app Wallet, which has a built-in Swap function.

Now that we have an idea about Green Metaverse Token (GMT), do you think STEPN will be profitable crypto in 2022? Join me and let us see the charts in this GMT price prediction.

STEPN (GMT) Current Market Status

As of the time of writing this GMT technical analysis, GMT trades at $2.28 with a 24-hour trading volume of $2,255,233,874. The price of STEPN (GMT) has increased by 7.77% in the last 24-hours.

Some of the top crypto exchanges for STEPN (GMT) are Binance, Kucoin, Gate.io, Mexc, Lbank, Huobi Global, and XT.com.

Now, let’s proceed to the next part of this STEPN (GMT) technical analysis for 2022.

STEPN (GMT) Price Analysis 2022

Currently, Green Metaverse Token (GMT) holds the 71st place on CoinMarketCap. But will the latest upgrades, developments, and changes in the STEPN blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this BNT price prediction 2022 article.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for GMT/USDT, we can deduce that the price of GMT might get bullish in some days since the price is consolidating at the first half of the channel from the top. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 60.  This shows that STEPN (GMT) is showing a strong trend since its RSI lies between 50 and 70. his value can trigger a bullish run if more buyers reposition as the value is moving towards the 70 RSI value which is the overbought region.

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is large and both moving averages are below the recent candlesticks, there might be consolidation before the continuation of the recent bullish run.

STEPN (GMT) Price Prediction

The chart below shows that GMT has performed great over the past few days. Moreover, the Green Metaverse Token (GMT) price has increased by over 45.3% in the last seven days. If this trend continues, GMT might run along with the bulls, overtaking its $2.68 resistance1 level and reach higher to $3.08 at resistance2, the bullish signal for 2022.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone STEPN (GMT) from its uptrend position. In simpler terms, the price of GMT might drop to almost $0.005, a bearish signal.

Meanwhile, our long-term GMT price prediction 2022 is bullish. It has a low possibility of surpassing its current all-time-high (ATH) at about $3.11 according to CoinMarketCap this year. However, it is impossible for Green Metaverse Token (GMT) to reach this level within this year.

STEPN (GMT) Price Prediction 2022

If this bullish trend continues, STEPN (GMT) will reach $3.08 by the end of 2022. Moreover, the first half of 2022 is going to show rapid growth, up to $2.68. Then the rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $5 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

STEPN (GMT) Price Prediction 2023

If GMT holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $20, making it not plummet but play consistently.

STEPN (GMT) Price Prediction 2024

As per the latest upgrades, developments, STEPN (GMT) price prediction, and new project forecasts of the platform, GMT investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of GMT in the crypto market, and it will be the best investment as the price can spike and reach around $40.

STEPN (GMT) Price Prediction 2025

In the next four years, STEPN (GMT) prices could rise up to $100. More so, reaching this level could not be so difficult for GMT as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that GMT has a high possibility of reaching a new ATH soon in the next four years as per the prediction.

STEPN (GMT) Price Prediction 2026

In the next five years, STEPN (GMT) prices could rise up to $400. More so, reaching this level could not be so difficult for GMT as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that GMT has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

STEPN has a bright future ahead of it in 2022. With the ongoing developments happening within the GMT ecosystem, as well as in the overall crypto market, we may see GMT reach new heights.

Bullish GMT price prediction for 2022 is $3.08. As said above, it may even reach $5 if investors have decided that STEPN (GMT) is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.