StepN's coin price will reach $3.3 - $10 within six months
April 18th, 2022

$GMT continued to rise after the Binance listing, with an excessive upward slope, and is currently in a high oscillation after hitting $3.13. The lows keep rising and the highs keep falling. From the long cycle, after the volume pull-up, the volume shrinks down. It is currently in a consolidation pattern. The probability is that this pattern is absorbing chips in preparation for the rise. In the short term, you can buy low and sell high between $2 and $2.75. The probability is that ATH will break out after effectively breaking $2.75.

First of all, conclusions.

  1. StepN is the best and most out-of-the-loop web3 product at present and for quite some time in the future.
  2. there is a large underestimation of GMT price and a reasonable price range is to reach 3.3 - 10 within six months.

StepN advantage

The biggest advantage of StepN is that it has launched a high quality web3 walking app at such an appropriate time. high quality, web3 and walking are missing.

If you think carefully, you will find it really hard to find a concept that is easier to get out of the loop than walking at the moment. Learning English, walking the dog? The audience is small; singing? Not many people want to sing to an app every day; sleep? The concept is a bit strange, and requires a reliable hardware to do support.

I think in addition to the game, consumer, social, the easiest to get out of the circle is walking: 1.

1, business logic is simple, the team can spend a lot of energy to polish a small function well enough.

2, the maturity of cell phone gps and other hardware, can effectively prevent cheating, and thus reduce the impact of the gold team on the ecology.

3, fitness is a widespread demand of people, StepN users are no longer just playing for gold, but generally have a sense of superiority to live a healthy life while also making money, and thus are more motivated to share.

In short, small but beautiful.

On the other hand, the strong support of Coinan is also a key to the success of the project. The most worrying thing about playing this kind of project is that the project owner will run away in a few days, resulting in the preliminary investment cost being wasted. The backing of Coinan's strategic investment has greatly enhanced the confidence of investors. Now the entry is about 40 days back to capital, even if the earnings drop to 3 months back to capital, with the support of Coinan StepN support for 3 months, there is always no big problem. And the return on the fitness itself can make users less eager to make money.

The charm of Web3

It can be said that using StepN is a process of experiencing the charm of web3 in a practical way.

I am a 100+kg fatty, and we all know that the key to being a fatty is to eat more and exercise less. Although I have a long term card for Wales and Ichimoku Wade, although I spent a lot of money on private lessons, and although beautiful coaches tempted me to go to class, I always lacked the motivation to exercise.

However, in the face of StepN's simple and brutal daily income of 3,000+, I hard in the background of Shanghai folding, wearing a red vest every day as a volunteer also to walk after 50 minutes, ten days of time, a day did not interrupt, rainy days also go, app updates to 12:00 midnight also go. In fact, I think that even if the income falls to 500 a day, I will go, it's like the last straw to break the lazy cancer, there is a very wonderful chemical reaction, not entirely depending on the amount of money. At this time, recovering the cost to me, in fact, does not mean much, I only hope that StepN can live a long time, to help me establish a long-term fitness habit, because the habit itself for me the comprehensive income must be far greater than 10w. Also, I'm worried that once I've adapted to making money from fitness, it may be harder for me to spend money on fitness.

The gap between the above two paragraphs, we carefully taste smack, this gap is actually the charm of web3. So we do not need to doubt that the future belongs to web3, the whole world will be web3 transformation again, do not accept the transformation will be reduced to backward capacity and be eliminated.

And the underlying infrastructure of web3 is blockchain. People in our circle should be confident that we are not the frauds who can only sell the capital market, blockchain, NFT, web3, meta-universe, these vivid terms will definitely be an important part of people's life in the future, and we are undoubtedly on the side of advanced productivity.

Data Analysis

The best reference for StepN may be Axie, let's take the data of both to do the comparison.

Total number of users: StepN used 3 months to exceed 15w users; while Axie reached the same 15w users with 6 months, the current total of 20w, it is worth noting that the number of Axie users is added by countless gold playing workshops, StepN will be relatively much better.

The number of new users: StepN is currently a high growth period, with 6k-8k growth per day; while Axie is obviously going downhill, with only 100+ growth per day.

Cost of entry: Currently to play StepN you need to buy at least one pair of gray shoes, floor price 11.5sol, equivalent to 1100usdt; to play Axie at least buy 3 axie, currently 60usdt, the quality of new users of StepN is much higher.

It can be seen that at least the current data, Axie has been dumped by StepN very far away. It is no wonder, Axie as the first iconic gold chain game, the limitations of the times make itself design has some shortcomings, although the project side keeps engaging in public chains and other additions, but the improvement in the game kernel is very difficult to have substantial advancement, and now has shown the old state.

Market capitalization in circulation: GMT - $1.5 billion, AXS - $2.9 billion, and it is also worth mentioning that the peak market capitalization of AXS is about 3 times of the current one, which is about $9 billion.

Through the above analysis, we can draw some plain conclusions.

1, GMT current coin price is seriously undervalued, even by the most conservative valuation, it should exceed the current market value of AXS that is, there is still 1 times space to 5;.

2, and according to StepN, a more advanced and out-of-the-loop business model, a more sound and healthy economic model, reaching the peak market value of AXS should be expected, that is, there is still 6 times the space, the coin price to 15.

3, as to whether it can exceed the peak Axs too much remains to be seen, after all, Axs is the biggest leader of the last bull market's hottest chain tour section.

4, the current GMT circulation of 10%, six months later increased to about 15%, a year later increased to about 20%, then we according to the above 5-15 valuation range, counting the impact of increased circulation, the price range after six months at 3.3-10, a year later at 2.5-7.5; it is worth noting that the private placement and team share will not start to unlock until early next year, the short-term stability of the coin price There is still a guarantee.

5, GMT current price is undervalued for a large reason is almost no use scenario, but from the recent AMA, this is undoubtedly the team's next focus.

Based on the above judgment, I will hold GMT for a long time within a year, and will invest the money I earn every day in GMT after returning to capital.

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