Tracking the historical performance of a cryptocurrency like STEPN (GMT) is crucial for investors, enthusiasts, and analysts alike. By examining past price data, one can identify trends, understand market sentiment, and make more informed decisions. This guide provides a detailed look at GMT's price history, key metrics, and essential insights for anyone interested in this dynamic digital asset.
Understanding STEPN (GMT) and Its Market Role
STEPN is a move-to-earn application built on the Solana blockchain. It incentivizes users to stay active by rewarding them with GMT tokens for walking, jogging, or running. The native token, GMT, serves as the governance token for the ecosystem, allowing holders to participate in decision-making processes.
The project aims to combine fitness with blockchain technology, creating a unique niche in the crypto market. Its performance is influenced by various factors, including user adoption, overall market conditions, and developments within the STEPN ecosystem.
Key Metrics in Price History Analysis
When analyzing any cryptocurrency's price history, several key metrics provide valuable insights:
- Open and Close Prices: Indicate the starting and ending price for a specific period, helping to gauge daily momentum.
- High and Low Prices: Show the maximum and minimum prices reached during a period, highlighting volatility and trading ranges.
- Trading Volume: Represents the total amount of asset traded over a period, often a indicator of market interest and strength behind price movements.
Recent STEPN (GMT) Price Performance
The table below provides a snapshot of GMT's recent daily performance, highlighting its price fluctuations and trading activity.
| Date | Open | High | Close | Low | Volume |
|---|---|---|---|---|---|
| 07/01/2025 | $0.04413 | $0.04477 | $0.04217 | $0.04173 | $605.95K |
| 06/30/2025 | $0.04261 | $0.04600 | $0.04416 | $0.04242 | $929.00K |
| 06/29/2025 | $0.04259 | $0.04360 | $0.04258 | $0.04219 | $270.06K |
| 06/28/2025 | $0.04253 | $0.04308 | $0.04259 | $0.04150 | $376.27K |
| 06/27/2025 | $0.04141 | $0.04267 | $0.04253 | $0.04117 | $265.10K |
| 06/26/2025 | $0.04258 | $0.04441 | $0.04150 | $0.04098 | $458.27K |
| 06/25/2025 | $0.04359 | $0.04441 | $0.04258 | $0.04253 | $592.14K |
| 06/24/2025 | $0.04070 | $0.04428 | $0.04357 | $0.03959 | $710.04K |
| 06/23/2025 | $0.03878 | $0.04160 | $0.04071 | $0.03755 | $874.42K |
| 06/22/2025 | $0.04274 | $0.04309 | $0.03875 | $0.03855 | $1.71M |
This data reveals periods of higher volatility, such as on June 22nd, which saw a significant spike in trading volume. Analyzing these patterns can help traders understand support and resistance levels.
Factors Influencing GMT's Price
Several factors can cause fluctuations in the price of GMT:
- Market Sentiment: The overall mood of the cryptocurrency market greatly impacts individual tokens like GMT. Bullish trends often lift all assets, while bearish trends can lead to widespread declines.
- Project Developments: Updates, partnerships, and new features announced by the STEPN development team can directly affect investor confidence and token price.
- User Adoption: The number of active users on the STEPN app directly correlates to the demand for GMT tokens, influencing its market value.
- Broad Economic Factors: Global macroeconomic events, regulatory news, and shifts in monetary policy can create ripples across the entire crypto asset class.
How to Use Historical Price Data Effectively
Simply looking at past prices is not enough. Effective analysis involves:
- Identifying Trends: Use historical data to spot long-term upward (bullish) or downward (bearish) trends.
- Understanding Volatility: Assess the typical price ranges to better understand the asset's risk profile.
- Comparing Performance: Benchmark GMT's performance against other cryptocurrencies or major indices to gauge its relative strength.
- Informing Strategy: Use this analysis to help develop a personal trading or investment strategy that aligns with your goals and risk tolerance. For a deeper dive into on-chain metrics and real-time analysis tools, you can explore advanced market analytics here.
Frequently Asked Questions
What was the all-time highest price for STEPN (GMT)?
The all-time highest price (ATH) for STEPN's GMT token recorded in its price history was $4.4000. This milestone represents the peak valuation the asset has achieved since its inception.
Why is studying STEPN's price history important?
Reviewing the historical price data of STEPN is crucial for investors and traders. It helps them understand the token's past performance, identify cyclical patterns, recognize significant market events, and assess its overall volatility. This analysis is a fundamental part of conducting thorough research before making any investment decision.
How often is GMT price history data updated?
Price history data for cryptocurrencies like GMT is typically updated in real-time on most major tracking platforms. The tables show each trading day's open, high, low, and close values, along with the corresponding volume, providing a continuous record of market activity.
Can past performance predict future price movements?
While historical data provides valuable context, it is essential to remember that past performance is not a reliable indicator of future results. Cryptocurrency markets are highly volatile and influenced by a multitude of unpredictable factors. Historical analysis should be just one component of a comprehensive research strategy.
Where can I find reliable GMT price history?
Reliable GMT price history can be found on reputable cryptocurrency data aggregators, major exchanges that list the token, and dedicated financial market data platforms. These sources use aggregated data from multiple trading venues to provide accurate and comprehensive historical records.
What does trading volume indicate in the price history?
Trading volume represents the total number of tokens traded within a specific period. High volume often confirms the strength of a price trend—whether upward or downward. Conversely, low volume might suggest a lack of conviction among traders, potentially leading to increased volatility or a trend reversal.
Please note: This content is for informational purposes only and is not intended as investment, tax, or legal advice. Digital asset investments are inherently risky and can experience significant price volatility. You should carefully evaluate your financial situation and risk tolerance before engaging in any trading activity. The performance of an asset in the past does not guarantee its results in the future.