Stepn (GMT), which once became popular with the "move-to-earn" concept, is regaining investors' attention. This platform, which was once just a simple fitness reward app, has now evolved to incorporate governance mechanisms, NFT application value, and broader ecosystem participation.
However, if you do not understand the token's distribution structure and actual market reaction, the risk of loss may exceed the expected return. So is now a good time to enter the market? This article will explore GMT's current situation, prospects, and investment strategies.
As the overall market recovered in 2025, GMT also began to rise slowly. Coupled with the rise of Bitcoin at the end of 2024, GMT's price on Upbit rose by more than 47% in three months, from ₩320 in early January to over ₩470 in mid-April.
Interestingly, the main reason for this price increase is not trading volume, but the resurgence of NFT integration that has driven prices higher. On-chain data for the first quarter of 2025 shows a 25% year-on-year increase in platform activity, indicating a reactivation of the ecosystem.
However, to maintain the current price level, the following conditions must be met
The token supply must be controlled.
User growth must be continuously maintained.
It is worth noting that a 15% increase in circulating supply may pose a risk in the short term, and investors should remain vigilant.
Factors driving the recent rise in GMT include
The market enters the commercialization phase in 2025.
The project's health data incentive mechanism (through wearable devices) continues to receive positive reviews.
Partnerships with insurance companies and fitness brands have once again sparked market interest.
Discussions on social media platforms like Twitter and forums like DC Inside have reignited public interest in "move-to-earn" projects. Especially among young people, Stepn is referred to as a "nostalgia coin," with retro sentiments bringing a new wave of attention.
Several major exchanges, including Upbit, are hosting GMT mission events, linking tokens to real-world applications. These events typically provide rewards to users who meet specific conditions, effectively increasing platform engagement.
Unlike traditional projects, Stepn's dual-token structure is more complex, and many novice investors cannot fully understand it, often leading to losses due to misuse:
GMT: Used for governance and platform upgrades.
GST: Distributed as activity rewards and can be used for consumption or trading.
In addition, the portion of GMT allocated to the team and partners will be gradually unlocked in the first half of 2025, which may increase the market supply in the short term. However, for some investors, this may be an opportunity to strategically increase their holdings.
The following three strategies can be used as a reference:
Long-term Dollar-Cost Averaging (DCA) strategy: Buy 10% on each dip, building positions in batches.
NFT Earning Strategy: Buy a pair of sneaker NFTs and earn GMT daily to recover your costs.
USDT Arbitrage Trading: Observing potentially lower prices in the USD market compared to the KRW market for arbitrage.
Summary Viewpoint
Stepn (GMT) is clearly regaining market attention. It integrates NFTs with health data to create a unique revenue model, making it an attractive option for mid- to long-term investment portfolios.
However, challenges remain: insufficient liquidity, stagnant new user growth, and pressure from investment sentiment all require careful consideration.
The key is not to "follow the crowd" to buy, but to invest only when you truly understand and have confidence in your judgment. Set your own standards and thoroughly evaluate the market before taking action.
Don't forget to register a Binance account through the referral link below to enjoy a 20% discount on trading fees
🔸Register now and enjoy a 20% discount on Binance fees
Whether you are a new or existing user, you can get this offer if you meet the following five conditions
Registered Binance account
Never accepted a referral from others
No transactions or use of Binance products in the past 180 days
A confirmation window pops up after logging in through the referral link
Clicking [Bind Now] activates the discount.
Register a new account now via the referral link, or bind an existing account to save on fees and unlock more rewards. Don't miss out!