Crypto News

New move-to-earn token explodes over 243% in just seven days amid crypto market doldrums

A small-cap altcoin that offers users the opportunity to earn tokens through active participation is outperforming the crypto markets in a big way.
The Move-to-Earn Step App (FITFI) is a web 3.0 digital fitness protocol that combines exercise, socializing, gaming and crypto-earning into one.

FITFI stands for Fit Finance. As part of the app’s game page, users can purchase digital sneakers in the form of non-fungible tokens (NFTs) to buy. Two other tokens, KCAL and SNEAK, will be deployed as part of the ecosystem.

The project’s Litepaper explains,

“KCAL tokens are the in-game tokens…used to purchase SNEAKs and are earned by walking while deploying a SNEAK.”

FITFI Stakers earn tickets that give users access to NFT Drop events where new collections are released.

Step App launched in Q4 2021 and had over 113,000 signups prior to the recent beta launch.

The project’s website states that the Step app is “powered by leading-edge technology in Metaverse, augmented reality, and… Blockchain “driven” to help users achieve their fitness goals while remaining in friendly competition with other participants.

Last week, Singapore-based app listed FITFI on its marketplace, as did Hong Kong exchange Huobi.

Popular crypto analyst Michaël van de Poppe is also keeping an eye on the investment potential of the new fitness-focused niche crypto.

Van de Poppe tells his 591,500 Twitter followers:

“There’s probably more to the whole move-to-earn dynamic than that.

I expect FITFI and XCAD [XCAD Network] perform relatively well.”

The Step app token debuted last Tuesday at $0.187 and slowly worked its way up to a high of $0.642 on May 1, up 243%.

FITFI has since experienced a few erratic price corrections, down 5.84% at the time of writing and trading at $0.538.
Check the price action

Source: Crypto News Deutsch

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