Most of you have already noticed but the markets are in freefall. Everything is bleeding badly right now. Stock markets, bitcoin, eth, you name it’s down. Heck, even stablecoins are down. Go check out the Terra Luna and UST stable coin drama unfolding now.
Which brings us to Stepn. GST and GMT are also down, because like all other alt coins, they follow the bitcoin and the rest of the market. You may have noticed that Solana’s dropping as well. That’s just the nature of these things.
All of this is to say this. It isn’t over yet. And it may not be over for a while. Weeks, perhaps months. Because the catalysts which are causing these market drops are still not done. The Fed is still going to raise interest rates a few more times. Each time it does this, the markets will react and overcorrect. China is still in lockdown. The world events that are depressing the markets are still with us.
So what does this mean for Stepn? GST and GMT prices presumably still have more to drop. Solana may go below $50. That wouldn’t be all that surprising.
So prepare for the worst. We’re in a bear market. At this rate, we may even be headed for a crypto winter. Prepare for GST under $3. Under $2 even. Calculate your daily earnings as if GST was worth $2. Are you happy with those earnings? If not, what could you do to up your earnings? Level up your shoe? Invest in more shoes? Whatever strategy that you need to employ, base it off the premise that GST will be worth a lot less than it is now.
And if it’s not. If somehow we magically recover and the markets rise back up, and GST is $5-$6 again, then congrats. Your preparations under a severely bruised bear market have now multiplied your daily earnings.
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