November Sparks Step App (FITFI), STEPN (GMT) and Sweat Economy (SWEAT) – Who Will Spearhead the Move-to-Earn Christmas Rally?

On Nov 27, 2023

The move-to-earn (M2E) sector, a fusion of fitness and cryptocurrency, rocketed in popularity in 2022 with apps that rewarded users for staying active. Despite an early spike in interest, the market faced a slump, raising questions about its long-term viability; however, the sector, currently valued at over $550 million, is far from stagnant. Predictions suggest a surge to $1.2 billion by 2028 and possibly even $2.47 billion by 2032, which isn’t just a passing craze – it’s a significant lifestyle movement, growing at a brisk 18% annually.

Amidst this vibrant recovery, Step App (FITFI) is grabbing everyone’s attention, highly appreciated not only for its celebrity-powered appeal and AI-driven innovations, but for its stable economy, lucrative returns, and spotless market reputation. Projects like STEPN (GMT) and Sweat Economy (SWEAT) also shine as November has been a month of noteworthy momentum; FITFI has seen an impressive 54% surge over the past fortnight, while GMT has experienced a 19% increase in the same time frame. SWEAT isn’t far behind – despite a slight 3% dip in the last two weeks, it has risen 11% month-to-date.

As the M2E market navigates its challenges towards mass adoption, the intrigue lies in how these projects will evolve and whether they can sustain the momentum in the domain that is as volatile as it is promising.

Imagine a world where your daily run or walk not only boosts your health, but also your virtual wallet. With Step App, your regular jog can net you anywhere from 5$ to 50$ per session! As the first move-to-earn application that empowered fitness with AI-assisted workouts, Step sets a new standard in the FitFi realm. Bolstered by its stable economy and lucrative ROI for users, the project caters to health enthusiasts and crypto fans alike, regardless of their experience with Web3. Injecting a burst of star-studded excitement, Step App basks in the glowing endorsements of legendary athletes like Usain Bolt, propelling its esteemed market reputation to even greater acclaim.

Transform Your Steps into Tangible Rewards with Step App

In Step, managing your earnings is effortless and subscriptions are available to further personalize your in-app experience and amplify rewards. Here, the magic lies in the FITFI and KCAL tokens – central to the app’s vibrant, contest-filled community and its continuous innovation, they hold potential for appreciation over time. Whether it’s upgrading your workout gear with KCAL or unlocking exclusive features with FITFI, these tokens are ready to enhance your fitness journey. In the run-up of 2024, Step is gearing up to unveil even more exciting features and airdrops, ensuring that both the community and the value of its tokens keep thriving.

Step Up Your Game – Join Now!

After a challenging 2022 where the value of STEPN (GMT) dropped by more than 90%, the platform is showing signs of recovery; it saw a strong market performance in October, surpassing previous resistance levels and entering November with a surge of market enthusiasm. As of today, STEPN (GMT) is oscillating between support at $0.2542 and resistance at $0.3796.

Source: TradingView

Indicators such as the 10-day Simple Moving Average (SMA) at $0.3156 and the 100-day SMA at $0.2666, along with the MACD of 0.004 and the RSI of 41.84, suggest cautious market optimism – despite the ability of GMT to keep users engaged through high-profile partnerships, like that with DJ Steve Aoki and A0K1VERSE, there remain growing concerns about the long-term viability and sustainability of its project economy. These apprehensions cast a shadow of doubt over the asset’s journey, even as STEPN (GMT) introduces a unique digital sneaker collection aiming to boost its 2-3 million monthly active user base.

In a bullish scenario, the optimism fueled by the recent collaboration, could propel GMT towards the next resistance levels at $0.4399 and $0.5653. However, the bearish case paints a different picture: if the newly forged alliance fails to generate expected excitement, or if broader market trends shift negatively, STEPN (GMT) could retreat to lower supports at $0.1891 and $0.0637.

Sweat Economy (SWEAT), currently the second-largest M2E project with a market cap of around $78 million, is stepping up its game; in September 2022, it caught the crypto community’s eye when Bitfinex listed SWEAT, confirming the app’s growing appeal, which has already attracted millions of users worldwide since 2016. The journey of Sweat Economy (SWEAT) – from rewarding steps with its in-app currency to offering a decentralized token alongside the Sweat Wallet’s perks and NFTs – marked an exciting evolution for the platform.

Source: TradingView

In the realm of technicals, SWEAT is hovering between support at $0.00958 and resistance at $0.01156. The token’s current indicators – the 10-day SMA of $0.01064, the 100-day SMA of $0.01027, a slightly negative MACD, and the RSI of 39.9 – all hint at a market treading cautiously yet with potential. The Bitfinex listing and the recent expansion of Sweat Wallet in the USA add a layer of optimism.

If things go bullish, Sweat Economy (SWEAT) might push past $0.01156, aiming for $0.01252 and possibly $0.0145 resistances, bolstered by its growing user engagement and token utility; but the path isn’t without its thorns – in a bearish turn, market skepticism or concerns about its economic model could push SWEAT below $0.00958, possibly testing lower supports at $0.00856 and $0.00658. The real test for Sweat Economy (SWEAT) lies in how it navigates these market perceptions and whether it can continue its upward trajectory amidst the challenges – the sustainability of M2E models is still under scrutiny, though SWEAT has already laid a solid foundation over several years before launching its token.

The M2E platforms like Step App (FITFI), STEPN (GMT), and Sweat Economy (SWEAT) are redefining the blend of fitness and finance, each one bringing its unique flair: Step App (FITFI) dazzles with celebrity-backed campaigns and AI smarts; STEPN (GMT) shows resilience with its cool digital sneaker collections; and Sweat Economy (SWEAT) is making waves with its decentralized token and foray into the US market.The road ahead for these platforms is as exciting as it is uncertain; bullish scenarios suggest growth and expanded user bases, but the bearish reality checks remind us of the M2E sector’s fickle nature and sustainability concerns.

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.