I think this move to earn project will die in few years. They had a good mission of helping people to be more fit and active, with rewards for activity. But since people started to cheat (share devices or hire people to walk instead of them) it was just a matter of time before this pyramid was about to collapse. It is just a trend. As soon as people stop earning decent profit, they will stop walking. No one would intentionally walk for free. The growing amount of competitors or imitators are only helping StepN to die. I assume GMT price to stay flat for 6-12 months, with small jumps everytime they release updates, followed by a death or project becomes abandoned in 2025.
I think this project will die in just a few months, a recent report showed that Stepn's Q3 profit was only about $10 million, down more than 90% from Q2's 122 million. It can be seen that it, like previous trends like P2E, will not last long when users decide to leave. These trend tokens are not long term investment and should not put too much expectation on them, once profitable should sell, look at axie infinity, the top game in the P2E trend also failed to hold up and announced the game's closure when revenue was too low.
It is even "better". Another example that trends in cryptocurrency dont last for more than one year, no matter how much was invested in promotion. As soon project imitators started to appear, people start to spray between projects, funds spread between multiple projects and first or primary projects die without new customers.
If I am not mistaken, tokens of early investors arent unlocked yet. Even if their tokens will be unlocked tomorrow, they will be in huge profit anyway. I predict that each and every of they will sell their shares immediately and that day we can mark as a death of StepN.
