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New move-to-earn token skyrockets over 100% in 7 days; meet the project

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A virtually unknown token stood out from the cryptocurrencies on the market in the last week, jumping more than 100%.

This valuation is the highest among all move-to-earn platform tokens. The STEPN platform GMT token, for example, one of the best known in this sector, has dropped more than 5% in the last 24 hours.

The same happened with the cryptocurrency Green Satoshi Token (GST), also from STEPN, which also lost about 5%.

Discover the StepApp

Step App is a Web 3.0 digital fitness protocol that merges exercise, socializing, gaming and cryptocurrency earning. The platform’s native governance token is FITFI, which stands for Fit Finance.

Generally speaking, the platform works like STEPN. That is, users can buy digital sneakers in the form of non-fungible tokens (NFTs) to exercise in the physical world and earn in crypto.

The Step App ecosystem also has two other tokens, KCAL and SNEAK. According to the project’s white paper, KCAL tokens are the game tokens used to purchase SNEAKs. In addition, rewards are paid in this cryptocurrency.

It is also possible to stake the FITFI token and win tickets to events distributing NFTs from new collections.

As the project website highlights, the Step App is “powered by leading technology in the metaverse, augmented reality and blockchain”. Its purpose is to help users achieve their fitness goals. At the same time, users can participate in friendly competition with other participants.

Analysts eyeing the project

The project was conceived in the fourth quarter of 2021, but its roadmap was only established in the first quarter of this year. Now, in the second quarter, the Beta release of the project’s Genesis NFTs is planned.

This week, the team posted on their Twitter account about the first preview in augmented reality:

As reported by Daily Hodl, popular cryptocurrency analyst Michaël van de Poppe is also eyeing the investment potential of the new cryptocurrency niche:

“All the move-to-earn momentum there’s probably a little more to come. I’m hoping that FITFI and XCAD [XCAD Network] perform relatively well.” stated.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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