$GMT
Green Metaverse Token (GMT), the utility token of the STEPN ecosystem, is priced around $0.18 with a market cap of approximately $543.9 million, ranking it #171 among cryptocurrencies. Its price has increased by over 30% in the past week, outperforming the broader crypto market.
The STEPN platform, powered by GMT, blends GameFi and SocialFi elements, rewarding users for physical activity with NFT sneakers. GMT is used within the ecosystem to unlock features and perks, contributing to its utility.
A recent initiative includes a token burn of up to 600 million GMT, aimed at reducing supply and potentially boosting value over time.
GMT powers STEPN and other Find Satoshi Lab (FSL) products, promoting fitness, gaming, and trading on a blockchain-based platform. With a capped supply of 6 billion tokens and a burn mechanism, GMT is designed for scarcity, supporting price stability and growth.Its gamified approach to health and Web3 applications can drive user adoption, enhancing demand for the token. FSL's connections with firms like Sequoia Capital and Solana Capital underscore confidence in its long-term viability.
While precise future prices are speculative, GMT’s recent surge and strategic developments suggest potential for further growth, especially if its ecosystem continues expanding. However, factors like market volatility, competition, and adoption rates will heavily influence its trajectory.