STEPN Project Should we Enter Now or Exit

Xal0lex

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Quote from: Hamza2424 on May 06, 2022, 05:30:29 PM

Remember AXS Months of July to August AXS was trading from $4 to $6 made a big hype and changed its fundarmentals made a new ATH $160 to $170 and then users increases and supply per day also but demand got decreased. Even AXS changed Bussniess model with Burning of AXS and SLP to mint new NFTs still downfall started now you can see a visible drop.

Of course, this project is now in a hype and has managed to attract a lot of attention to itself, thus increasing the price of the token dozens of times. It is a very big risk to buy now. There is no telling what the real price of this project will be when the hype subsides. The project made good money for the original investors. The project has already lost a third of its value after reaching ATH, in just 10 days. Often such tokens start to drain the market very badly and then, having reached the bottom, they start to rise again.

aprilnot

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I suggest getting exit. not only at STEPN, but all projects in the nft industry from mana, sand, axie, ape and all other nft projects. a bear market will render the entire nft project worthless. so if you want to join now better undo your intention. you can see from the current price of the coin. axs, mana, ape, and sand fell very deep. gmt is also no exception, This coin continues to decline.

zasad@

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Such projects need to be entered at the very beginning, and not after a few months.
I also wanted to join this project, but then I decided that it would be better to participate in a new similar project step.app
https://bitcointalksearch.org/topic/stepapp-5396373

Gayong88

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In my opinion, it's still possible that many people would explore the world of cryptocurrency, but most are on the first step, waiting for a recommendable site to start with. I think this project is a good suggestion because the Solana network is open-sourced and provides developers with rich resources to serve. In addition, the approach of STEPN is also very attractive in the future because they want to provide advantages to both content creators and consumers. This is a good project to be doing. I think this is a good start for the platform as a whole, but it may take some time for them to get their values to their maximum value. They have started their own project and I'm sure that there will be room for growth in the future.

tvplus006

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Quote from: kidbounty on May 07, 2022, 09:44:00 AM

I think it's fine to enter now. their token price is not too bad and the project ecosystem is good too. so buying their NFT is not a bad choice. even though their nft is quite expensive, but if it is calculated in detail, we can still get ROI even though the market is in a bad state. besides the hype of this project is still high, this is what makes me pretty sure about this project.

You can partially buy the coin at the current price, but there is a very high probability that the price of the coin will continue to decline, and the first good price to buy will be about $2. And only from this level will it be necessary to see how the price will react to this level.

kidbounty

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Quote from: JeffBrad12 on May 07, 2022, 09:38:00 AM

Is not it too early to enter while the market is not even know where it will be going on? So many vague things in the market. Bitcoin is still dumping right now. Try to enter into the this project during the bearish market was the worst decision that can ever be taken by the crypto investors.
Only dumb investors who will be entered into the this market. If you are taking axie as comparison but yeah GMT is still undervalued compared with axie.
Both were adopting different mechanism

I think it's fine to enter now. their token price is not too bad and the project ecosystem is good too. so buying their NFT is not a bad choice. even though their nft is quite expensive, but if it is calculated in detail, we can still get ROI even though the market is in a bad state. besides the hype of this project is still high, this is what makes me pretty sure about this project.

JeffBrad12

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Is not it too early to enter while the market is not even know where it will be going on? So many vague things in the market. Bitcoin is still dumping right now. Try to enter into the this project during the bearish market was the worst decision that can ever be taken by the crypto investors.
Only dumb investors who will be entered into the this market. If you are taking axie as comparison but yeah GMT is still undervalued compared with axie.
Both were adopting different mechanism

vanesha

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I'm sure this project is the same as taking or being inspired by the concept of play to earn, even though the name is Move to Earn, but do you remember the game pokemon go? yes it is similar to this. The basis is the same, they will be asked to travel but the reward is different, this time by buying NFT each trip we count as profit. Although the intention to be healthy is good, but I'm not sure it will be fine in the long term.

Z390

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This is just the beginning of the bear market mate, I won't be surprised if BTC goes down to 24000$ mate because no amount of good news can make BTC surge in value again at least for now, a bear market is a bear market and its inevitable.

diminizio

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Actually entering at this time is not a bad choice, if we compare it with Axie Infinity, they really exploded when everyone knew it at an already high price, eventually everyone would play it, when those who bought at the beginning came out by selling their NFT. Maybe this technique can be applied in STEPN. Honestly, I still don't believe that a concept like earn can last long, entering at the beginning when it explodes and then exiting is the right choice.

Saisher

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Quote from: ice18 on May 07, 2022, 05:10:43 AM

Actually its a very promising concept a move to earn and earn crypto while moving/walking but the problem with this project is you need huge amount of capital $700 to $1k just to buy NFT sneakers you will use to walk and earn, sounds interesting but too expensive. I think this game is only driven by hype for now if you want to enter then you have to know the risk its always a gamble, for me I will wait until the price become affordable and the ROI is profitable, you need to ask how much can you earn from this app while walking per day? Is it worthy to spend this amount of money just to play this game? Lately I also bought token similar to this game FITFI its growing but I dont know if this one is profitable or not in the future.

For whales this is easy but for small investors, they will have a second thought about buying this sneaker the entry point is too high to get in now remember Axis many get in when the price is on its high then SLP crashes and there's a huge dump, many investors lose their money it could happen again with this project, the early investors are the one who made a lot here but for latecomers, there's a risk coming.

ItsCrafty

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Axie game was just simple game and people used it for just making money. Many people enter who did not know how to play game was also entered just to make money from game while StepN is real life game and here you will earn and your health will also be good when you walk or daily Jogging. Daily limit is best for keep trend alive for long time

inanilujimi

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From the explanation above I think for now it is sufficient for GMT and GST. there is something similar to stepn with a market cap that is still much lower, namely the Step App Price (FITFI). the concept and method are almost the same as stepn but this is still new and fresher, which is likely to get hype up in the near future.

ice18

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Actually its a very promising concept a move to earn and earn crypto while moving/walking but the problem with this project is you need huge amount of capital $700 to $1k just to buy NFT sneakers you will use to walk and earn, sounds interesting but too expensive. I think this game is only driven by hype for now if you want to enter then you have to know the risk its always a gamble, for me I will wait until the price become affordable and the ROI is profitable, you need to ask how much can you earn from this app while walking per day? Is it worthy to spend this amount of money just to play this game? Lately I also bought token similar to this game FITFI its growing but I dont know if this one is profitable or not in the future.

batang_bitcoin

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Good example of AXS and take the example of Axie Infinity as well. The hype was at large when it pops on all social media and the community went go crazy.
And for sure many of us here got the hype and rode it as well although, the earlier ones were able to ROI and get the profit the quickest that they can. Whilst for the late comers, they were stuck and this could also happen for this project.

asriloni

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Quote from: boty on May 06, 2022, 06:23:07 PM

Quote from: asriloni on May 06, 2022, 06:04:07 PM

I think that you can compare it with axie infinity but again you must also take a look at the various things as things that can be compared with axie infinity just like tokenomic and many more. If you are seeing the and it's pretty much coincidence but it's about the sustainabilty for the play to earn.

tokenomics will give huge impact to token price, we should how token used in project developtment. between axie and Stepn has similar tokenomic, but when differences founded it could make investors move to another projects. in play 2 earn or move to earn projects, users income will depend on this tokenomic, more profitable for user, the app will played by more people.

Quote from: asriloni on May 06, 2022, 06:04:07 PM

You must also consider various bad things happened with AXS started from the big hack that was stolen 160k ethereum. Axie dev must also reimburse this with axie from their treasury.
The inflation of axie infinity was also very big at this moment

this hacking case also same to vulcanforged projects, and massive sell happen in market. each hacking case happen alot investors prefer to quit and sell their token. developers team reserve also used to cover investors

Not with Axie infinity, all of funds already drained. Basically move to earn was also play to earn. I know that we can even rent it for free through divided the income with the shoes owner but it seems like this gonna be bad for long term. The hacking was that happened with vulcan was nothing compared with the axie. 160k ethereum were so big. this is also making the price to go down again

Innerpumper

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If it's encoded with Axie Infinity which was very good at the beginning, I'm sure as well as STEPN there's nothing wrong with getting in early, even though STEPN supports the Solana network, but they are good enough for the first step of managing their project. Don't be afraid to try investing, if we are money hunters then we will not hesitate to be here, but always do calculations before entering such as how long the ROI will be, and I believe that early entry is better because this project still has no future potential. but that's the risk of each, I'm not a financial advisor.

Nivia1st

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regardless of how good the project is, I think being a new user on their platform is less profitable. imagine we have to buy NFT worth 700-1000k in order to get the reward. and the market situation makes it even worse as the token reward(GMT) price keeps dropping. this makes us take a long time to be able to achieve ROI. and what's even less profitable is the hype, I think the more Move2earn projects are released the harder it will be to survive. just look at Axie whose token value keeps dropping, because many new nft games are released.

Tony116

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STEPN seems to be attracting quite a bit of attention as this is the next trend of the market. But if you didn't have the opportunity to hold them in the first place, now is not a good time to buy, it has brought huge profits to those who hold them in the first place.

STEPN has been very successful, there will definitely be many projects to copy it in the future. If you missed your chance with STEPN, you can search for similar projects
https://coinmarketcap.com/vi/view/move-to-earn/

Hamza2424

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Quote from: Kavelj22 on May 06, 2022, 06:35:51 PM

Sounds like a good concept though.

Let me see what should be its uniqueness..

i will add this to my watchlist for the next time

I will be thankful sir.

Quote from: ultrloa on May 06, 2022, 06:51:55 PM

If the project already acquired its ATH maybe you should think more twice towards investing on it since if you look at the past Nft or maybe we can pin point the top NFT games all of them dumped already so by looking at the price of GMT it already goes with that situation so for me its risky to join them on this current state. But if you can spend some dime on it because you like their concept then maybe try to risk some and enjoy what you do because somehow it will motivate you to move to earn just think of it that you just do exercise Cheesy

so that you will not regret what you invest on them.

Considerable,
Think investing 700$ only i have now in BTC / ETH / DOT more prominent and sustainable projects after 10 years what it will worth if i didnt invest in these on STEPN i will regret.
Just For Fun Grin

Topic: STEPN Project Should we Enter Now or Exit (Read 209 times)