NFT fitness gaming cryptocurrency values ​​more than 2000% in less than a month

For most cryptocurrencies, March was a month of ups and downs, with moments of great appreciation and moments of sudden fall. But in those 31 days, one asset in particular, the Green Metaver Token (GMT), which is related to the STEPN crypto game and starting with the Solana (SOL) blockchain, grew by 2,000% and was appreciated.

When GMT released its trade on Binance, on March 9, it was priced at US $ 0.13 (R $ 0.60, current price), while on Monday (4), according to CoinMarketCap, it was already priced at $ 2.13 ( R $ 9.83). .

The capitalization of the cryptocurrency, its current value versus current market offerings, reached US $ 1.7 billion (R $ 7.85 billion) during the significant appreciation of the currency, and in just the last 24 hours, its trading Was worth US $ 4.7 billion (R $ 21.6 billion) – more than Litecoin (LTC) and some other experienced assets in the market.

GMT development, crypto fitness game token, in the last seven days. (Photo: Playback / CoinMarketCap)

According to experts, the reason for this definition is that STEPN game, an application in which Token Most used, combines popular. MetaversA virtual immersion environment that combines many technologies with healthy habits such as physical exercise – a feature of the format Move to earnIn which users who play games with monitoring apps get digital assets.

At STEPN, the prize for Athlete users is paid in Green Satoshi Token (GST). GST can be used for activities in the game ecosystem, such as slicing and equalizing new items, or can be withdrawn, while GMT is the currency used in other activities that I do not include the game itself, plus there is an option that allows Fiat to exchange money, such as dollars.

High barrier to entry

To start playing STEPN, users will need to purchase tennis NFTs. (Photo: Production / STEPN)

For those who are passionate about STEPN, it is important to note that there is a huge barrier to entry into the game: to start playing, the user must purchase an NFT of tennis shoes in the game which ranges from 10.98 SOL to 24. Options up to, 90 SOL In total, four different models are available, with different features that affect the player’s development and their GST performance.

Also, it is important to always remember that fluctuations in the cryptocurrency market create new assets that increase in value, which is considered a risky investment, as it is not yet known how their controllers work. Or what are their real goals, it increases the chances. Of fraudulent schemes. So far, there is nothing to indicate that this is STEPN, but it’s always good to keep that in mind.

Source: InfoMoney

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