Stepn Price Prediction 2024 – 2030
It’s hardly surprising that many crypto investors are interested in Stepn price prediction. Stepn is a decentralized platform that aims to revolutionize the way people earn money online. The native token of the platform is called STEPN, which can be earned through various M2E activities or purchased on various cryptocurrency exchanges.
In this article, we will take a look at the Stepn price prediction for the next few years. We will use technical analysis, fundamental analysis, and news and project developments to make an in-depth price prediction for 2022, 2023, 2025, and 2030.
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Stepn Price Prediction- Overview
Below is an overview of the price predictions for STEPN until 2023. It is important to note that these predictions are based on market analysis but are not 100% accurate. The market is volatile and could change at any time.
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STEPN Price Prediction 2023
To begin with, it is important to consider the overall trend of the cryptocurrency market in 2023. Many experts predict that the market will continue to grow and mature in the coming years, with more institutional investors entering the space and more regulations in place. This could be a positive factor for STEPN, as it is a well-established project with a strong team and a growing user base.
In terms of technical analysis, we can look at chart patterns and indicators to get a sense of where STEPN might be headed. One positive sign is that STEPN has consistently shown strong support at certain price levels. This indicates that there is buying interest at those levels. Additionally, the token has formed several bullish patterns on the chart, including higher lows and higher highs, which could suggest that the uptrend will continue. Technical analysis shows that STEPN has strong support at the $0.50 level, and it has the potential to break through the resistance at the $0.75 level. If the token can achieve this, it could potentially reach the maximum prediction of $0.75 in 2023.
Fundamentally, several factors could impact STEPN’s price in 2023. One key factor is the success of the Stepn marketplace. If the marketplace proves to be popular and brings in a lot of liquidity, it could be a major catalyst for the token’s price. Additionally, news and developments related to the M2E industry as a whole could also impact STEPN’s price, as the industry is expected to grow significantly in the coming year.
STEPN Price Prediction 2025
When it comes to the Stepn price prediction for 2025, there are several factors to consider. Here are some key considerations for the next few years:
- Technical analysis involves looking at past price trends and patterns to make predictions about future movements. Some key technical indicators for STEPN include the moving average, relative strength index, and Fibonacci retracements.
- Fundamental analysis: Fundamental analysis involves examining the underlying factors that can affect the price of a cryptocurrency. For Stepn, key fundamental considerations include the strength of the team, the adoption of the platform, and the overall market demand for M2E projects.
- News and project developments: News and project developments can also have a significant impact on the price of a cryptocurrency. For Stepn, key news items to watch for include updates on the Stepn marketplace, new partnerships, and new features or products.
Based on these factors, the Stepn price prediction for 2025 is positive, with a potential range of $1.40 to $1.55. However, it is important to note that cryptocurrency prices are highly volatile and can change significantly over time. Hence, it is important to be cautious and do your research before making any investment decisions.
STEPN Price Prediction 2030
One of the primary reasons why price prediction is challenging is that the cryptocurrency market is quite unpredictable. Although we try to estimate future price metrics accurately, none of our projections should be regarded as investment advice. Do your research. We anticipate that cryptocurrencies will become more popular across numerous industries by 2030. As a result, in the case of a bull run, the highest STEPN price in 2030 is predicted to be $3.10, with a minimum price level of $2.65.
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STEPN- A Closer Look
Now that we’ve looked at the Stepn price prediction for the next few years, let’s take a closer look at the platform itself.
What is STEPN?
A Web3 lifestyle app called STEPN includes Game-Fi and Social-Fi elements by default. The foundation of STEPN is movement, which is a necessary daily activity for the majority of people. At the Solana Ignition Hackathon 2021, StepN came in fourth place overall out of more than 500 projects, making it the first project to implement a working move & earn concept successfully.
What problems does Stepn solve?
Stepn aims to solve some problems that exist in the online earning space. First, the platform provides an alternative way for people to earn money online that does not require any special skills or expertise. By simply moving their bodies, users can earn tokens that have real value.
Second, Stepn aims to promote healthy living by incentivizing physical activity. The platform rewards users for participating in activities that are good for their bodies and minds, encouraging them to live a more active lifestyle.
Finally, Stepn aims to create a more inclusive and accessible earning model. By using the M2E model, the platform can reach a wider audience and provide more opportunities for people to earn money online.
What is move-to-earn?
Move-to-earn, or M2E, is a business model that rewards users for participating in physical activities. The concept is similar to a rewards program, where users earn points or tokens for completing activities such as walking, running, or exercising. You can redeem these points or tokens for rewards or exchange them for cash or other cryptocurrencies.
Analysts expect the M2E industry to grow significantly in the coming years, as more and more people look for ways to earn money online and promote healthy living. M2E projects provide an alternative way for people to earn money that does not require any special skills or expertise, and they incentivize physical activity, which has some health benefits.
STEPN is one example of an M2E project, which rewards users for participating in physical activities through its STEPN token. Other M2E projects include Fight Out and Sweatcoin.
How does Stepn work?
There are three game modes: Solo mode, Marathon mode, and Background mode. Both Marathon and Background modes are still under development. Users that play in Solo Mode will be given unique NFT sneakers that can be used to move and earn tokens. Users can upgrade their sneakers to unlock greater earning potential as each pair of sneakers is limited to a certain amount of earnings.
Users can earn points for each minute that they walk. Payments will be based on:
- The sneaker NFT: Each Sneaker has a different base GST return.
- The Efficiency Attribute of each sneaker NFT: GST generated every minute increases as efficiency increases. The only levels where users can earn GST are 0 through 29. Users have the option of continuing to earn GST or switching to earning STEPN at level 30.
- The level of comfort that is provided by the sneaker: The greater the Sneaker’s Comfort Attribute, the more STEPN is gained per minute. At Level 30, users will have the option of earning GST or STEPN. Users can swap between these two earning methods.
- Speed of Movement: Users should stay within the Sneaker’s recommended speed range to maximize profits. Depending on the speed deviation from the optimal range, a user’s earnings may be cut by up to 90% if they go below or above this range.
In Solo Mode, a loot box called a Mystery Box may appear while you are moving. It includes GST and Gems (Levels 1 – 4). Each user gets four slots for Mystery Boxes.
Mystery Box contains ten qualities. Opening a Mystery Box needs some time after receiving it, and the countdown begins immediately. They will spend a tiny amount of GST (a Base Cost) to unlock it when the countdown comes to an end. The duration of the Mystery Box countdown increases in direct proportion to its quality.
In-Game Achievement is tied to each user’s account. It is not on the Blockchain, but the Badge the user earned through completing Achievement is an NFT and can be traded. The Anti-cheating system on the platform is top-notch. STEPN won’t function properly if you use devices that have been jailbroken, rooted, or have an altered OS. The game employs three mechanics to prevent cheating, including the punishment of the cheater’s account:
- Desensitized GPS data
- Sensor and health data
- A machine-learning STEPN’S Anti-Cheating System (SMAC)
The SMAC System will take some time to examine if users have taken advantage of the STEPN move & earn mechanics once users long press the stop button and conclude the session.
A user has a starting Turing Score (TS) of 100/100; the score is hidden from the user. Users are unable to connect with the NFT marketplace or switch between spending and wallet accounts when their Turing Score is less than 100. The Turing Score will eventually revert to 100/100 when a user is moving outside without using any tricks.
Once the analysis is complete, the SMAC System will add or subtract users’ earnings and Turing Score.
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With a fixed supply of 6 billion tokens, STEPN is the native token for Find Satoshi Lab (FSL) ecosystem. All FSL ecosystem products make good use of STEPNs, which may be burnt, used, and staked to open up numerous features and benefits. Rewards for STEPN governance participants and users of the move-to-earn platform will equal 30% of the total amount of STEPN. The STEPN token from STEPN is built with tokenomics that encourage users to engage in carbon-free Bitcoin mining.
- Move and earn – 30%
- Ecosystem and Treasury – 30%
- Private sale – 16.3%
- Team – 14.2%
- Binance Launchpad sale – 7%
- Advisors – 2.5%
The current market capitalization of the token is $172,753,403 with a circulating supply of 600 million tokens, which is 10% of the maximum supply.
The Stepn marketplace
The Stepn marketplace is a platform that allows users to buy and sell goods and services using STEPN. The marketplace is expected to bring more users and liquidity to the token. The Stepn marketplace includes a variety of categories, including sneakers, gems, shoeboxes, special skin, gems, scrolls, etc.
Rental and Credit systems will be integrated into the StepN marketplace in the future. To ensure that new players keep exploring the game, the rent/lease system ensures that getting started is as simple as installing the app and renting a Sneaker.
Users could visit the in-app NFT Marketplace if they want to rent something. Before their rental proposal is authorized, they must submit an application, be matched with a leaser, and unconditionally accept the leaser’s terms. The Sneaker will be returned to the owner for repair after each 24-hour rental period. Depending on the credit rating of the renter, a Rental Agreement may last up to 7 days. The renter’s credit score will be reduced by 1 star if they don’t comply with the Rental Agreement’s terms.
The credit system is more straightforward. Renters must pass a series of “scholar” quizzes to raise their credit scores. They can begin renting if their rating reaches 2/5. This procedure makes sure they are familiar with all the essentials of the app, preventing renters from misusing or underutilizing it and yielding no returns (i.e. running on a treadmill, or walking with a runner Sneaker)
The maximum credit rating is 5/5.
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Who is the team behind Stepn?
The team behind Stepn is instrumental in determining the outcome of Stepn’s price prediction. The Stepn team is composed of experienced professionals with a well-grounded background in the technology industry. Yawn Rong, an Australian blockchain entrepreneur, founded STEPN in August 2021. Mr. Rong previously founded Crypto SA, an Australian crypto fund and pro-regulation auditor. He has also represented the South Australian Blockchain Association’s industry and has been an ambassador for Algorand. He co-founded STEPN with game developer and former Falafel Games founder Jerry Huang.
STEPN use cases
STEPN is a governance token. Running and simple participation in some gaming activities are two ways to earn STEPN. These tokens provide you the ability to rename your sneakers and level up to a high position. Additionally, they are employed to disperse game profits as well as difficult tasks that qualify as premium content. Once the shoes have reached level 30 or above, STEPNs can also be exchanged for USDC.
Stepn (STEPN) Price So Far
STEPN has had a volatile price history since its launch, with significant price fluctuations in both directions. When the token launched, it was priced at $0.1576. Two days after its launch, the coin experienced its all-time low as it fell to $0.111 by the middle of March 2022. This downturn was just for 48 hours as the coin broke the $1 mark on March 28, 2022. The token further experienced a 100% increase in the next 48 hours to break the $2 mark on March 30, 2022. April started well as the token almost broke the $3 mark on the first day of the month by reaching the then-high $2.8788. The coin finally broke the $3 mark by the middle of the month and got as high as $3.9 before the end of April.
The month of May was challenging for STEPN. The coin had lost over 250% of its value by the middle of May. At some point, the token was less than $1. STEPN rallied back and ended the month above the $1 mark. June was not particularly graceful either. The token further went down and almost went below $0.5. There were a lot of fluctuations in the price in July, with the token breaking the $1 mark five times before finishing at $0.9964.
The first two weeks of August were more stable, as the coin never got below the $0.9 mark. However, the final two weeks were a different story, as the coin ended the month below $0.7. September was one of the most consistent months as the coin only fluctuated between $0.6 and $0.7 all through. The coin went below $0.5 by the middle of October and had its value below $0.4 at the end of November. December 2022 has not been better either, with the token going below $0.3.
The price of STEPN took a fall at the end of 2022, reaching $0.224 on the 31st of December. However, the token then started to rise and reached a high of $0.6502 at the end of January. Since then, the token has been steadily falling but shows some signs that it could turn and rise again.
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What Is The Current Price of STEPN?
The current price of STEPN is around $0.29, according to CoinMarketCap. However, it is worth noting that the price of any cryptocurrency can change significantly over time. This is why you must be cautious and do your research before making any investment decisions.
Pros and Cons of Investing in STEPN
Like any investment, investing in STEPN carries both risks and potential rewards. Here are some pros and cons to consider before making any investment decisions:
Move to earn projects are growing in popularity
Move-to-earn (M2E) projects are gaining in popularity as more and more people look for alternative ways to earn money online and promote healthy living. M2E projects provide an alternative way for people to earn money that does not require any special skills or expertise, and they incentivize physical activity, which has some health benefits.
One key factor driving the growth of M2E projects is the increasing trend toward remote work and the need for new ways to earn money online. With the COVID-19 pandemic leading to widespread remote work and the closure of many businesses, many people are looking for ways to earn money from home. M2E projects provide an opportunity for people to earn money by participating in physical activities, which can be done from anywhere.
Another factor contributing to the popularity of M2E projects is the rise of the gig economy. This made it easier for people to earn money on a part-time or freelance basis. M2E projects provide a flexible way for people to earn money by participating in activities that they already do daily.
Stepn is backed by a team of experts
One of the factors that set STEPN apart from other M2E projects is its team of experts. The STEPN team is comprised of experienced professionals with a track record of success in the fields of blockchain, cryptocurrency, and fitness.
The expertise of the STEPN team is a key advantage for the project. This allows them to bring a level of knowledge and experience to the M2E space that is not found in many other projects. This expertise is evident in the way that STEPN has been able to launch and grow its platform successfully. Additionally, it bodes well for the long-term prospects of the project.
Stepn has seen success since its launch
Since its launch, STEPN has seen a significant amount of success and has become a leading player in the M2E space. The project has attracted a large and growing user base, and it has established partnerships with some companies and organizations in the fitness industry. This success can be attributed to its Move-to-earn model and the team of experts behind the project.
Stepn solves some problems that exist
STEPN is a unique project that aims to solve some problems that exist in the online earning space. One key problem that STEPN addresses are the lack of opportunities for people to earn money online without requiring any special skills or expertise. M2E projects, like STEPN, provide an alternative way for people to earn money by participating in physical activities, which can be done from anywhere.
Another problem that STEPN addresses are the lack of incentives for people to be physically active. M2E projects like STEPN provide a way for people to earn rewards for participating in physical activities, which can help to promote healthy living and encourage people to be more active.
STEPN has utility
STEPN, the native token of the STEPN platform, has utility in some ways. One key way that STEPN has utility is as a means of exchange within the STEPN ecosystem. Users can earn STEPN by participating in physical activities, and they can then use STEPN to redeem rewards or exchange them for other cryptocurrencies or cash.
Another way that STEPN has utility is as a store of value. STEPN is built on the Solana blockchain, which is a secure and decentralized platform that is well-established in the cryptocurrency market. This makes STEPN a potentially attractive option for investors who are looking for a stable store of value.
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Stepn is not the only M2E project on the market
STEPN is a leading player in the move-to-earn (M2E) space, but it is not the only M2E project on the market. One major competitor to STEPN is FightOut, which is another M2E project that aims to disrupt the online earning space. FightOut is a relatively new project, so it has the potential to capture a larger share of the market.
Other move-to-earn cryptos have never passed penny status
Some people may be concerned that the M2E model is not sustainable or viable in the long term. While it is true that some M2E projects have struggled to gain traction, Stepn has already achieved a lot of success since its launch and it is expected to continue growing in the coming years.
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How To Buy STEPN
If you’re interested in buying STEPN, here’s a step-by-step guide on how to do it:
Step 1: Buy ETH from Coinbase
With more than 35 million users already using the platform to buy and sell digital assets, Coinbase is one of the biggest cryptocurrency exchanges available online. The first step to buying STEPN is to purchase ETH, which is the currency you will exchange for STEPN.
Create a Coinbase account
The first step is to visit the Coinbase website and open an account. You will need to provide some personal information – such as your Name, Home Address, Date of Birth, Email Address, and Mobile Number. You will also need to verify your email address. In addition, you need to activate 2-factor authentication to guarantee the safety of your Coinbase account at all times. This can be done by confirming your mobile number via SMS. Simply enter the code that is sent to your phone.
You must go through a KYC procedure before you can deposit funds on Coinbase. On Coinbase, this might be a little difficult because you can’t submit your papers as PDF files. You must hold them in front of your web camera instead.
Your government-issued ID is the document that Coinbase requires. This could be a passport or a driver’s license in some countries. Your documents can keep getting rejected by the Coinbase system if your camera isn’t of sufficient quality. As a result, you will need to download the Coinbase app and finish the procedure using your smartphone’s camera if you run into any problems.
You can proceed to make a deposit and purchase your preferred cryptocurrency when your account has been verified. This part of the process will depend on whether you want to use a debit card or transfer funds from your bank account. Tap on the payment method box and connect a payment method.
If you choose a debit card, you can quickly and directly purchase cryptocurrency. As a result, choose the coin you want to purchase, input your card information, and choose the amount you want to invest. The transaction will then be instantly completed by Coinbase, adding the cryptocurrency funds to your account.
If you want to use a bank transfer, you must copy the bank details that Coinbase provides. Once you’ve pasted the information (and made sure the reference number is included), go to your bank’s web or mobile platform and approve the transfer. The money should show up in 1 to 3 days. The next step is to purchase the cryptocurrency of your choice manually.
Search for ETH
On Coinbase.com, click the Buy panel to search and select Ethereum. On Coinbase mobile app, search for Ethereum by typing “Ethereum” into the search bar. When you see Ethereum appear in the results, tap it to open up the purchase screen.
Place an order
Use the number pad to input the amount you want to spend in your local currency. The app will automatically convert that into an Ethereum amount. You can tap the arrow buttons to the right of the amount of money you want to spend to switch the number to the equivalent amount of Ethereum. Tap “Preview buy” when ready. You’ll be shown the details of your purchase. Make sure everything looks good and then confirm your purchase by clicking “Buy now.”
Once the order is processed, you’ll be taken to the confirmation screen. That’s it, you’ve bought Ethereum.
Step 2: Transfer ETH to Coinbase wallet
To do this, you first need to link your Coinbase account to your Coinbase wallet:
- Open Coinbase Wallet on your mobile device.
- Tap on the bottom of the screen to go to your settings.
- Tap Connect to Coinbase.
- Follow the remaining steps to connect your accounts.
To transfer ETH from your Coinbase account to your Coinbase wallet:
- Open Coinbase app on your mobile device.
- Tap the Send button on the top of the screen
- Select the supported asset you wish to transfer
- Enter the address you wish to transfer funds to tap Continue then
- Enter the amount you want to transfer from your Coinbase account then tap Preview (ensure that you are transferring your funds through the correct network)
- Review the transaction details, including any fees and click Send now.
Swap ETH for STEPN
When you’ve added Ethereum to Coinbase Wallet, you can instantly exchange your Ethereum for STEPN Token through the browser extension or mobile app. Select “Choose asset” and choose STEPN Token after tapping or clicking the “Swap” icon in the Assets tab. Enter how much ETH you want to trade for STEPN Token. Don’t forget to budget for transaction fees. To complete, confirm your purchase and adhere to the displayed instructions.
Step 3: Move STEPN into a secure crypto wallet
Once you’ve purchased STEPN, it’s important to move it into a secure crypto wallet for safekeeping. This can help protect your tokens from hacking and other security threats.
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Stepn (STEPN) Price Prediction 2024 – 2030 – Conclusion
Considering the market volume of STEPN, the utility it provides, and the Move-to-earn growth, STEPN looks like a promising investment in the long term. Even though the coin is not doing so well currently, it has the potential to be a good investment for long-term investors that are ready to hold according to this stepn price prediction.
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