FITFI crypto's price soars 140%. Will it surpass GMT's popularity?

April 27, 2022 05:06 PM AEST | By Raza Naqvi
 FITFI crypto's price soars 140%. Will it surpass GMT's popularity?
Image source: © Bravissimos | Megapixl.com

Highlights

  • The price of the FITFI crypto is surging despite a decline in the overall cryptocurrency market.
  • The FITFI crypto claims to provide a fitness experience within the metaverse through non-fungible tokens (NFTs).
  • Currently, the FITFI crypto is available for trading on cryptocurrency exchanges like Bitget, MEXC, Bybit, and BingX.

The price of Step App (FITFI) cryptocurrency has skyrocketed 127 per cent in the last 24 hours, and it was trading at US$ 0.2905 per token at the time of writing.

The 24-hour volume of the FITFI crypto catapulted over 2,000 per cent to US$ 278.9 million, according to CoinMarketCap data.

The price of the FITFI crypto is surging despite a decline in the overall cryptocurrency market. On Tuesday morning, the market was recovering. However, it has now declined.

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At 2 AM EST, the global crypto market cap was down about five per cent to US$ 1.78 trillion, and the total crypto market volume declined 2.3 per cent to US$ 96.24 billion.

Why is FITFI crypto rising?

The FITFI crypto has gained investors' attention as CoinMarketCap and CoinGecko started tracking its performance on April 26. FITFI is the native token of Step App, creating a gamified metaverse for the fitness economy.

As per the project's Litepaper, the Step App token economy has features like buybacks, locks, staking, burns, and liquidity incentives. All the features are driven by the demand generated through gameplay perks and value drawn via the game economy.

The FITFI crypto claims to provide a fitness experience within the metaverse through non-fungible tokens (NFTs) and geo-location technology.

Also, the project uses augmented reality (AR) to enrich the user experience in the FITFI metaverse. Step APP comprises the FITFI and KCAL crypto.

The FITFI crypto acts as a governance token, and KCAL crypto can be used to buy SNEAKs, which are NFTs. Notably, SNEAKs can be earned through running while staking a SNEAK.

FITFI crypto
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Bottom line

Details like the market cap and circulating supply of the FITFI crypto are not known as it is relatively a new virtual currency. Hence, investors should stay cautious before investing.

Currently, the FITFI crypto is available for trading on cryptocurrency exchanges like Bitget, MEXC, Bybit, and BingX. The Step App's crypto does not trade on a decentralized exchange yet.

Like the Green Metaverse Token (GMT), the FITFI crypto is also a move-to-earn token. Since its launch, the GMT crypto has gained massive traction, and the rise in FITFI crypto's price and volume indicates that crypto enthusiasts could be interested in move-to-earn tokens. 

The FITFI crypto is rising massively but whether it will surpass the GMT crypto's popularity remains uncertain as anything can happen in a crypto market. 

Also Read: Zilliqa (ZIL) crypto soars amid rising market. Here's why

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