StepN-realm is abuzz with exciting developments! Recent highlights include the #eGST increase, #GasHero badge, and supply shock. The #ETH realm shows promising growth, instilling confidence among users. Dynamic Minting helps maintain equilibrium, while #GasHero drives up eGST price, strengthening GMT. These positive trends have far-reaching benefits, extending to the #BSC and #SOL realms. Get ready for the transformative power of the #Web3Economy! 🌐

In the ever-evolving realms of StepN, several significant developments have been shaking up the landscape. From the #eGST increase to the #GasHero badge and the intriguing supply shock, it's crucial to analyze the macroeconomic status of the realm and its potential implications for platforms like Binance Smart Chain (#BSC) and Solana (#SOL). In this article, we will delve into these developments and discuss their possible effects over the next few months.

Setting the Stage:

After a period of volatility, all three realms—#ETH, #FSL, and #GMT—have found a balance in key metrics like GMT and GST, minting and burning rates, and more. Notably, the price of GST appears to have bottomed out and stabilized, suggesting a favorable starting point for future growth.

Phase 2: Drawing Users to the ETH Realm:

Following the recent climb in eGST price, which lasted approximately two months from April to May, attention has turned to the Ethereum (#ETH) realm. The steady growth in price and the realization that the supply could be easily shocked have garnered interest from various individuals, including the author. This, coupled with the ease of manipulation and potential for a successful run, has prompted investments in ETH.

Building Confidence in the ETH Realm:

To instill confidence in the ETH realm, a sustained period of rising or steady prices is essential. The #GasHero badge plays a role here, as it has the potential to further increase the price of eGST, subsequently impacting the price of GMT. Speculative purchases of eGST, combined with its convergence towards GMT price, have attracted attention and speculation buys, indicating growing confidence.

Introducing Phase 3: Dynamic Minting:

To maintain equilibrium, the #STEPN team has introduced Dynamic Minting. When eGST surpasses GMT, minting becomes prohibitively expensive, discouraging users from creating new tokens. Instead, users cash out eGST, primarily converting it into USDC or GMT. As a result, GMT prices rise, eGST falls, and the two assets gradually converge in value.

Benefits for BSC and SOL:

This equilibrium between eGST and GMT in the ETH realm offers significant benefits for platforms like BSC and SOL. Users in these realms contribute to boosting the price of GMT, which subsequently alleviates pressure on bGST and sGST, leading to equilibrium in each realm. The steady price of eGST builds user confidence and drives growth in the ETH realm, creating a ripple effect that eventually benefits all three realms.

GasHero's Role and the Rising Price of eGST:

While the utility of the #GasHero badge is debated, its main purpose is to drive up the price of eGST. The higher the eGST price, the more substantial impact it has on raising the overall GMT price. Notably, the rate of badge claims has slowed down, with users focusing on in-game earnings rather than additional investments, resulting in a rise in eGST price.

Future Predictions:

Speculatively, it is projected that the eGST price could reach $0.75 when all #GasHero badges are claimed. As badges are claimed and users start to cash out, eGST will gradually converge towards GMT price, while GMT itself experiences a slight increase due to burning. This equilibrium will present an opportune moment for minting.

Conclusion:

The ongoing developments in the ETH realm hold tremendous potential for the entire Stepn ecosystem. As the ETH realm overflows, the benefits will extend to platforms like BSC and SOL, albeit to a lesser extent. Equilibrium across realms is a promising prospect, signifying growth, stability, and interconnectivity. However, it is essential to note that these observations are speculative and should not be considered financial advice. Regardless of the realm you choose to participate in, the positive macroeconomic trends witnessed in the ETH realm are highly advantageous for the Web3 ecosystem as a whole.