Why is MoveZ (MOVEZ) crypto trailing today?

Highlights

• MoveZ (MOVEZ) crypto operates on the dual concept of fitness and Web3 technology. 
• The token on 22 June was down 12.81% as per CoinMarketCap. 
• MOVEZ was trading at US$0.034665 with a 24-hour trading volume of US$1,80,52,090. 

Of late, there have been an array of tokens focused on personal fitness. Since the initial success of the STEPN token, the Sweatcoin emerged onto the scene, and now it seems another next-gen fitness-based token is catching investors’ attention with a host of features. 

MoveZ (MOVEZ) primarily works on the dual concept of combining fitness with Web3 technology. The MOVEZ crypto offers users the unique opportunity to adopt a healthy lifestyle. MOVEZ crypto, with its unique protocol, aims to incentivise people to adopt a healthier lifestyle through its seamless UI system and user-generated Web3 content.

Related Read: Waves (Waves) crypto’s volume just soared over 700%. Here’s why

Though MoveZ crypto has witnessed a good run in the last week with a rally of 48.95%, however on 22 June, it was not having a good day. The MoveZ crypto was down by 12.81% at the time of writing (10:11 AM GMT +1), according to CoinMarketCap. 

Why is MoveZ crypto trailing?

MoveZ crypto seems to be witnessing a poor day, mainly because of the bearish crypto sentiments prevailing in the market on Wednesday. The overall crypto market cap was down by 3.09%. The global crypto market cap was US$899.18 billion, with a volume of US$68.08 billion in the past 24 hours. 

However, the good news is that MOVEZ crypto is still gaining traction on its platform, with a volume gain of 34.34%. 

The new move-to-earn crypto boasts many innovative ways to reward the users who trade with its governing token MOVEZ and boasts of features such as token exchange, creating NFTs, revenue sharing, etc. The MoveZ crypto also boasts of an anti-cheat mechanism, ensuring only genuine activities will be rewarded. 

MOVEZ crypto’s price performance

The 591st ranked crypto was trading at US$0.034665 with a trading volume of $1,80,52,090 over a day, according to CoinMarketCap. The MOVEZ crypto had a live market cap of US$1,77,33,210 and 51,15,65,236 MOVEZ coins were in circulation on Wednesday.

With the success of fitness-based crypto, the developers are now looking to build tokens that can be built through innovative technologies such as Web3.

While today’s performance is a bump in the road for the MoveZ protocol, investors will be hoping for its revival soon. Having said that, it’s also essential that investors stay vigilant during these volatile market conditions and ensure they make informed decisions regarding crypto investing.

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete, or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.