Topic: STEPN Project Should we Enter Now or Exit - page 2. (Read 213 times)

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

Tokenomics is the concept to determine the sustainability and development for the new field of the crypto era. So many tokens can share some/many caracteristics to get the right position within the market nowadays.

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

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.

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

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. 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

I become aware of this new trend in one of the articles that cover this project I was in FOMO at that time because it is at its highest hype,  the hype reached its height and we already have a lot of models like this that we can compare and you hit it right with Axis, mine was on DPET bought at its highest never made a profit and still struggling to make money.

This is what happens with new trends the longevity and sustainability of the project is a big question when the community grows mainly because of the hype, some of them leaving when they made a decent profit, it's your decision if you still want to take the risk, but this is project is not for me to get it at this point, because of mt bad past experience.

Introduction
STEPN is a NFT Run to Earn Project based on the SOL Network. Users Mint NFT to Earn GMT and GST for steps taken. Rewards varies on the NFT type.

Should we Enter Now:

According my Analysis Users who want to enter now are making mistake (Long-Term). STEPN gained a next level Hype and the Rewards token GMT making its ATH these days. Estimated Daily NEw users Data is 10000 there is a limit of joinings on daily basis.

First Part: Now learn How its works users run/walk and get rewarded and this is how new supply generates in market for GST/GMT consider Now demand is high and supply is low (Because the Users who are Minting Tokens GMT/GST are less) so price is hitting its peek because everyone wants to Enter but it is hype and new investment rate is maximum.

Second Part: Now Userbase of Stepn is 1Million esitamed jumped from last month 200K estimated consider the userbase increases 2x in next month due to demand STEPN will hit ATH again (may be). After that 2Million users minting the GST/GMT supply and now Demand is low becasue maximum USers already made their investments and now Price will Start Defoliation. Never back to Peek if and only if now it make 2x hype about impossible.

For a Few weeks may be GMT keep its price stable or Appreciating but due to increase in supply and decrease in demand it will start devaluation very soon and massive drop can be seen.

Onchain data of new users: https://dune.com/nguyentoan/STEPN-(GMT-GST)-Core-Metrics

ROI:
One more thing 700$ to 1300$ to Buy NFT when the demand is on maximum level and then after a few months project userbase is too big many of the users will start to exit and list their NFTs to Sale then there will be competition in selling on lowest bid becasue more NFTs to sell less users to buy this will risk your ROI.
Reason / Explanation Historical:


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.







Not an advice a proper analysis for educational purpose my be my Prediction is wrong but the fundamentals of the Business Model will be same as model is non-progressive long term.
DYOR