STEPN Profile

GMT
 Crypto
  

USD 0.97  0.01  1.02%   

Market Performance
0 of 100
Odds Of Distress
Less than 46
STEPN is trading at 0.97 as of the 12th of August 2022, a -1.02 percent decrease since the beginning of the trading day. STEPN has 46 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Cryptocurrency ratings for STEPN are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 13th of June 2022 and ending today, the 12th of August 2022. Click here to learn more.
STEPN is peer-to-peer digital currency powered by the Blockchain technology. STEPN is a Web3 lifestyle app with inbuilt Game-Fi and Social-Fi elements. STEPN is built around an essential daily activity for most people moving around.It a project to effectively bring to life a functioning moveandearn concept.Users equip themselves with NFTs in the form of Sneakers. More on STEPN

Moving together with STEPN

0.81XRPXRPPairCorr
0.92SOLSolanaPairCorr
STEPN is a market place for peer-to-peer digital currency indicated as Cryptocurrency. STEPN has been active in the last 3 months, and it is now trading with a bearish sentiment. Cryptocurrencies such as STEPN are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as STEPN are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

STEPN Crypto Coin Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. STEPN's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding STEPN or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
STEPN generated a negative expected return over the last 90 days
STEPN has high historical volatility and very poor performance
STEPN has some characteristics of a very speculative cryptocurrency
Exchanges
ZBG Coinbase Kraken Poloniex BitMart Binance Korbit DigiFinex Gemini Bithumb LBank HitBTC Bitfinex ZB Kucoin Exmo P2PB2B Bibox CoinEx
STEPN is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency\nand verify the transactions independently of a central authority. It is traded on 19 exchanges in multiple currencies. null
Coin TypeSTEPN
STEPN (GMT) is traded on CRYPTO Exchange. STEPN is peer-to-peer digital currency powered by the Blockchain technology. STEPN is a Web3 lifestyle app with inbuilt Game-Fi and Social-Fi elements. STEPN is built around an essential daily activity for most people – moving around. It's a project to effectively bring to life a functioning move&earn concept.Users equip themselves with NFTs in the form of Sneakers. By walking, jogging, or running outdoors, users will earn game currency, which can either be used in-game or cashed out.Telegram | Discord | MediumWhitepaper

STEPN Target Price Odds Analysis

What are STEPN's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of STEPN jumping above the current price in 90 days from now is about 51.81%. The STEPN probability density function shows the probability of STEPN crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon STEPN has a beta of 0.7964. This usually indicates as returns on the market go up, STEPN average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding STEPN will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. STEPN is significantly underperforming DOW.
  Odds Below 0.97HorizonTargetOdds Above 0.97
48.10%90 days
 0.97 
51.81%
Based on a normal probability distribution, the odds of STEPN to move above the current price in 90 days from now is about 51.81 (This STEPN probability density function shows the probability of STEPN Crypto Coin to fall within a particular range of prices over 90 days) .
STEPN is peer-to-peer digital currency powered by the Blockchain technology. STEPN is a Web3 lifestyle app with inbuilt Game-Fi and Social-Fi elements. STEPN is built around an essential daily activity for most people moving around.It a project to effectively bring to life a functioning moveandearn concept.Users equip themselves with NFTs in the form of Sneakers. By walking, jogging, or running outdoors, users will earn game currency, which can either be used in-game or cashed out.Telegram Discord MediumWhitepaper

STEPN Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. STEPN market risk premium is the additional return an investor will receive from holding STEPN long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in STEPN. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although STEPN's alpha and beta are two of the key measurements used to evaluate STEPN's performance over the market, the standard measures of volatility play an important role as well.

STEPN Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. STEPN Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe STEPN price patterns.
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STEPN Against Markets

Picking the right benchmark for STEPN crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in STEPN crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for STEPN is critical whether you are bullish or bearish towards STEPN at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in STEPN without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to invest in STEPN

You need to understand the risk of getting into digital currencies such as GMT before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in STEPN in four ways:

Buy GMT through an exchange

Get yourself a crypto wallet before embarking on your STEPN journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase STEPN. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of STEPN through an exchange

You don't have to buy a full token when starting out since GMT is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade STEPN through a broker

If you don't want to store your STEPN Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in GMT through an exchange-traded fund (ETF)

You can also invest in GMT through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having STEPN in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
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Please check Risk vs Return Analysis. Note that the STEPN information on this page should be used as a complementary analysis to other STEPN's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Other Tools for STEPN Crypto Coin

When running STEPN price analysis, check to measure STEPN's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy STEPN is operating at the current time. Most of STEPN's value examination focuses on studying past and present price action to predict the probability of STEPN's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move STEPN's price. Additionally, you may evaluate how the addition of STEPN to your portfolios can decrease your overall portfolio volatility.
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