What do you think, what is the future of this business model and will there be a hype for such tokens?
Hyped is already kicking in as Ive saw a lot of brand new projects that have concept like this which was just release after stepn. I didnt invest on stepn which is kinda regretting cause it did a good multiplier and still ongoing. The concept idea was good and somehow others enticed to it. But the other copy cats would likely be trying to get the hype as well. For everyone who got into gmt well congrats. But for the other m2e, beware chances some are just a rugpull trying to get hype.
In just a span of almost 2 months it has reached $3.80 I guess everyone in crypto space are riding into this hype and trend. With those you have mentioned with the same concept as Stepn, it would be more risky to put money into GMT since people might get diversified with the same M2E project and there will be a chance for the hype for this specific project to die down and divert to another project with the same concept.
utility still be the key why this project could growth massively only in short periode, people thinking with new way to earn money only by walking its new era for crypto industry. alot people especially from outside crypto market will use this technology to earn additional income. today i see another Move to earn appear and for investors it could be opportunity to be early investors like in GMT to get maximum profits, maybe splitting profits from GMT into new M2E project be their strategy to maximize profits.