I am regularly following the STEPN project on Reddit and there are lots of interesting posts there. A few days ago, I saw a post asking for how long the current GST price can keep up. The question is fairly asked, because currently, I can earn approximately $100 doing a 23-minute run every single day. In order to achieve this, I had to make an initial investment of $4000 approximately. But, since STEPN has been around for a while, lots of people should now in the profit-taking business.
However, it is important to understand that STEPN is a play-to-earn concept. In other words, you will always feel tempted to spend money in the project. What you earn can be used to buy new sneakers (that will later increase your rewards), or you can level up your sneakers. You can also mint new sneakers with your existing sneakers.
There are so many opportunities and as long as people buy more GST in order to level up, mint new sneakers, and to buy gadgets, the price will remain and maybe even get stronger. And yes, it is incredibly important to see that STEPN is hyped a lot, meaning that there is a really big pressure on the tokens as people need them to get in the game.
This is when you have to take profit...
What I have learned is that this is the time to take profit. When everyone wants to get in, that is when you need to take profit. And then when the prices drop later, you have funds that can be used to buy more (if you want to do that). And then I have some great news... if the prices shouldn't drop, you will still be in giant profit with your current activity, so you can be happy anyway.
But once again... it is always wise to take some profits. If STEPN just grows and increases even more in value, you will still have giant gains with your sneakers. If the prices go down, you have taken profit and can be very happy about that.
Finally found another STEPN enthusiast! Wondering aloud, have you profited from it? Are you preparing for the gmt earning? I myself have taken profits and thinking what’s the next step, keen to hear your thoughts!
Hey there :)
Still using STEPN, but very far from a plus still as I bought during the peak. I haven't really spent extra money to get a GMT earner. I expect the GMT price to drop a lot as people start to earn GMT with their movements, so don't think it is worth spending much to get it.