A token almost unknown to the cryptocurrency has popped onto the market in the past week, jumping more than 100%.
Amid a widespread downturn in the cryptocurrency market, the value of the FITFI token has soared from the “move to win” (or “move to win”) Step App, reaching a high of $0.65 on May 1st.
Although it eased slightly to $0.62, the price of the digital asset is still surging, gaining more than 30% in the past 24 hours alone.
This valuation is the highest among all tokens on the go-to-profit platforms. The GMT token of the STEPN platform, for example, one of the most popular tokens in the sector, has fallen by more than 5% in the past 24 hours.
The same thing happened with crypto asset Green Satoshi Token (GST), also from STEPN, which also lost around 5%.
The Step app is a web 3.0 digital fitness protocol that integrates exercise, social networking, gaming, and cryptocurrency earning. The platform’s original governance token is FITFI, which stands for Fit Finance.
Overall, the platform works like STEPN. That is, users can purchase digital sneakers in the form of non-fungible tokens (NFTs) to exercise in the physical world and earn cryptocurrency.
The Step app ecosystem also contains two other tokens, KCAL and SNEAK. According to the project’s white paper, KCAL tokens are the in-game tokens used to purchase SNEAKs. Also, bonuses are paid on this cryptocurrency.
It is also possible to participate in the FITFI token and win tickets to NFT distribution events for new groups.
As the project’s website highlights, the Step app is “powered by metaverse technology, augmented reality, and leading blockchain technology.” Its purpose is to help users achieve their fitness goals. At the same time, users can participate in a friendly competition with other participants.
Analysts are looking forward to the project
The project was conceptualized in the last quarter of 2021, but its roadmap was only set in the first quarter of this year. Now, in the second quarter, the beta release of Genesis NFTs for the project is slated for release.
This week, the team posted on their Twitter account the first visualization in augmented reality:
⚡️First preview of augmented reality step by step
As described in our note: https://t.co/vwoHwWz7i4, #Vetvi It is located at the center of the physical world and the metaverse. This means that augmented reality plays a powerful role in building the best FitFi $ project. pic.twitter.com/9zlNUDqBzz
– Step.App (StepApp_) May 2, 2022
“First visualization of augmented reality in steps. As explained in our memo: https://step.app/memorandum, FITFI is at the center of the physical world and metaverse. This means that augmented reality plays a strong role in building the best FitFi product.”
As reported by The Daily Huddle, noted cryptocurrency analyst Michael Van de Poppe is also eyeing investment potential in the new niche cryptocurrency:
“All the momentum of the move to earn maybe there will be more to come. Hopefully FITFI and XCAD [XCAD Network] relatively good performance, advertiser.
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