The green satoshi token (GST) cryptocurrency was launched in December 2021. It hit new heights this month as the STEPN move-to-earn app it is attached to gained popularity.
GST/USD price has gained up to 149% since inception and was up 128.8% as of April 24, even as cryptocurrency markets came under renewed downward pressure.
What is the green satoshi token and can it continue to outperform the broader markets?
In this article, we take a look at the latest satoshi green token news and price predictions.
GST powers the STEPN move-to-earn app
The green satoshi token (GST) is the in-game cryptocurrency token of the blockchain-based game STEPN. STEPN integrates non-fungible token (NFT) sneakers and rewards users for tracking their real-world activity, such as walking and jogging, and uploading their data to the app.
The third generation internet game (Web3) runs on the Solana blockchain. It was created in August 2021 by Australian fintech studio Find Satoshi Lab. STEPN won fourth place in the Solana Ignition Hackathon game track in October 2021. The public beta was launched in December.
To join the STEPN community, users download the app and create a STEPN wallet, where they deposit solana (SOL) tokens to purchase NFT sneakers. They must wait 24 hours for their “energy,” or training time, to replenish, which happens at a rate of 25% every six hours.
STEPN uses a dual token structure. GST acts as the utility token. The Green Metaverse Token (GMT) is the governance token.
Players can use GST to craft, repair and upgrade their sneakers or sell them on the app market. In the future, they will also be able to rent them to allow other players to join the community without having to buy them. Players earn GST on their physical activity. They can only earn GMT when they reach level 30 in the app.
STEPN charges a small percentage as a transaction fee on in-app activities such as trading, typing, and sneaker rentals.
STEPN aims to “inspire millions of people to lead healthier lifestyles, connect them to Web3, and fight climate change,” according to the website. STEPN has pledged to use a portion of its profits to purchase carbon removal credits as part of a move towards carbon neutrality, stating that “this could mean the reduction of approximately 69,565 tonnes of carbon from our planet”.
On April 22, Earth Day, STEPN announced that it had purchased $100,000, or 5,797.1 tons, of carbon disposal tons on the Nori blockchain-based carbon disposal market and will make monthly purchases to offset emissions.
According to the announcement:
“Nori sources its carbon by working with regenerative farmers who sequester and store carbon dioxide in their soils. Every ton of carbon disposal purchased incentivizes more farmers to adopt climate-smart practices that restore Earth’s soils. »
On April 1, STEPN announced that it had generated a profit of SOL 198,635.62, or $26.8 million, from trading and royalty fees on its NFT marketplace during the first quarter of 2022. STEPN uses the profit for a buy-and-burn program for GMT. .
Binance cryptocurrency announced on April 11 that it will soon launch STEPN on the BNB chain.
On April 13, Binance announced a limited-edition Mystery Box collection of NFT sneakers designed with Asics for sale on the Binance NFT Marketplace. The top 30 users ranked by trading volume based on a snapshot to be taken on April 26 will share a prize pool of 3,000 GMT.
GST price rises as money-making movement gains momentum
The GST price chart shows that it more than doubled in the first three months after launch. The token was initially volatile, opening at $2.22 on December 22 and trading between $0.9343 and $2.33 before ending the day at $1.33. The price fell to $1 on December 28 but ended the year at $1.50. The GST then jumped to $3.30 on January 6 before falling back to $1.67 on January 20.
The GST reached a high of $4.02 on March 6 and fell to $3.01 on March 14, then accelerated to a new intraday high of $5.53 on April 7-8. The price rose to $5.08 on April 24.
Move-to-Earn (M2E) apps and crypto tokens took off in 2022 following the emergence and popularity of Play-to-Earn (P2E) apps last year. While P2E apps require users to spend time playing a game to earn tokens, M2E apps allow users to earn tokens while going about their daily lives.
What is the future price potential of the satoshi green token in the remainder of 2022 and beyond? We take a look at the latest price expectations on prediction sites.
Green Satoshi Token (GST) Price Prediction: Will It Reach New Highs?
In the short term, CoinCodex technical analysis showed the outlook for the green satoshi token to be neutral at the time of writing (April 25), with 12 indicators giving bullish signals against 11 bearish signals.
Wallet Investor’s long-term green satoshi token price prediction was bullish, predicting that the price could reach $11.647 by the end of the year and $22.007 by the end of 2023. By the end of 2025, the algorithm-based forecasting website predicted that the target price of GST could reach $42.752 and $56.133 in 2027.
Gov Capital’s green satoshi token prediction was similar, expecting the price to reach $11.612 by the end of the year and $41.192 by the end of 2025. Based on analysis deep learning technique, Gov Capital’s GST Prediction predicted that the price would hit $52.838 in five years time.
DigitalCoin’s GST price prediction expected the price to rise, but at a slower pace than Wallet Investor’s prediction. The GST price could rise from an average of $6.76 in 2022 to $7.73 in 2023 and reach $9.93 in 2025, based on historical data. By 2030, the price could reach an average of $24.23.
Price Prediction’s TPS forecast predicted a slower pace of growth for the price over the next two years, accelerating by the end of the decade. The price could average $4.55 in 2022 and $6.88 in 2023, reaching $13.69 in 2025 and $93.98 by 2030, based on the in-depth technical analysis of data from past prices, assisted by the artificial intelligence of Price Prediction.
When reviewing a GST crypto price prediction, it is important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what the price of a given will be. piece in a few hours, and even more difficult to give long-term estimates. As such, algorithm-based analysts and forecasters can and do get it wrong in their predictions.
If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Read the latest market trends, news, technical and fundamental analysis and expert opinions before making any investment decisions. Keep in mind that past performance does not guarantee future returns. And never invest money you can’t afford to lose.
At the time of writing (April 25), the most optimistic GST coin price predictions suggested that GST could hit $50 in five years. Price Prediction predicted it could reach $93 by the end of the decade. But DigitalCoin expected the token to average $24 by 2030. The various predictions highlight the importance of doing your own research to get an idea of a coin or token’s potential.
Forecasters can and do make mistakes in their forecasts. You should do your own research to make informed trading decisions. Keep in mind that past performance does not guarantee future returns. And never invest money you can’t afford to lose.