In terms of market capitalization, Step App (ticker symbol FITFI) has a market cap of $166 million, and it is the native coin of the Step.app application. Is there a limit to how high it can go in 2022?
Since its launch on Bybit on April 26th, the FITFI price has risen around 13000%, and reached $0.73 in its second week, the current FITFI all-time high. On Crypto.com, it opened at $0.28 and it closed at $0.79 on that exchange as well.
When it comes to investing in new crypto coins, it pays to be early on – and many would concur that it is still early for FITFI, considering its low market capitalization (ranked #2830 on Coinmarketcap). While Bitcoin has dropped from $40k to $35k in the same period, the Step App price has been performing well, showing relative strength compared to the rest of the market. Let’s learn more about the Fitfi price predictions on the market.
In This Guide
Based on Step App’s long-term price prediction, here is a look at FITFI’s prospects. With a market capitalization of $31.092.045 and trading volumes of $1.826.820, Step App traded at $0.027. The price prediction of FITFI is based on an analysis of historical price action, current developments, and the social sentiment within the community as well.
Based on our analysis, the price of Step App for December 31st, 2022, should range between $0.030 and $0.08, and FITFI’s average price should be around $0.075. The native token launched on Bybit earlier this year and sparked a price surge of 13000%! Since then, the token has been listed on other major exchanges and continues to look bullish.
FITFI is considered to be a new crypto coin which means that it still has room for growth in the future. After a successful year, many are hopeful to see the token continue to rise for the remainder of 2022. Move-to-earn applications are likely to increase in demand during the New year, when many people make resolutions to move more. This could bring an influx of investors to Step App which may push the price upwards and break the next resistance level. However, if things take a down turn, there is strong support below the current price point.
FITFI has dropped significantly from its high in May 2022. This could indicate that the token is undervalued. However, it may also be a warning sign and could indicate a potential rug pull. If you want to invest in a move-to-earn token with strong utility and a deflationary supply, we recommend taking a look at FGHT.
In 2023, it is predicted that the price of Step App will reach a minimum level of $0.041 at the latest. By the year 2023, the price of Step App is expected to reach a maximum level of $0.047 with an average price of $0.042.
This comes after the token has experienced a decline in value since May 2022. However, holders remain positive that things will take a turn as the awareness of move-to-earn increases around the globe. As more people use the revolutionary web3 tech, demand for tokens such as FITFI is bound to grow.
Step App has a number of exciting developments in the pipeline for 2023 including rumored partnerships with big fitness brands and further exchange listings. As a result, the price of this token could certainly increase in the foreseeable future and next year could be strong for Step App.
On the other hand, as the popularity of move-to-earn grows, so does market competition. Fight Out is a brand new m2e project that aims to solve problems that exist with the Step App platform. Fight Out tracks more than just steps and has a native token with strong utility and a deflationary supply. Therefore, many predict that FGHT will overtake FITFI in 2023.
In our analysis, the price of Step App for 2025 is expected to range between $0.11 and $0.16, while the average price for FITFI is expected to be around $0.13. By 2025, move-2-earn applications are likely to be more widely used and Step App is set to be one of the biggest platforms.
Also, by 2025 the Step App project will have undergone several milestone developments that should help to push the price of FITFI upwards. Nevertheless, the price of FITFI in 2025 will largely depend on the crypto market as a whole. If we experience another Bitcoin crash, FITFI could break through support levels and fall. On the other hand, if Bitcoin recovers from the previous crash, FITFI and other tokens in the market could see gains in the next few years.
In fact, some are hopeful that this M2E token will reach $1 by 2025. While this price would be a significant rise from the current price level, $1 is certainly not unattainable for FITFI. If the project continues to move forward and expand, there is a chance that this could be reached eventually.
It is predicted that the price of Step App will reach the lowest possible level of $0.48 by 2030. However, according to our findings, the FITFI price could reach a maximum possible level of $0.72 with an average forecast price of $0.55. Furthermore, some investors believe that the price of FITFI will have passed $1 by 2030.
If the mass adoption of crypto moves forward, the market could see an upward turn. Typically, an increase in price of Bitcoin will spark an increase in other tokens across the market. By 2030, Bitcoin is likely to have recovered from it’s recent crash which means that the market as a whole should be up.
However, the crypto market is volatile and a lot can change over 8 years. If Step App receives any negative attention during this time, the price of the token could be affected and fall. Also, move-2-earn token projects are becoming more popular and Step App is likely to have more competition in the foreseeable future. Some projects, such as Fight Out, have already started addressing the problems that Step App presents.
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We consider FightOut the best alternative to FitFi, which has already raised more than $1.2 million in pre-sales.
The incredibly exciting project is one of our top new crypto investments for 2023. It tracks and customizes full-body workouts, rewards individuals based on their efforts in the gym or at home, and will push the move-to-earn space further than before.
As part of its ambitious plans, Fight Out will open real-world gyms in key locations around the world, blending the real world with Web3. Aside from partnering with professional athletes and elite coaches, members can also access fully customized workouts that enhance strength and cardio and improve wellness and mental endurance.
Fight Out uses smart technology to track movement and key effort indicators, unlike other M2E projects like FitFi, which tracks steps.
In the NFT app, users create their fitness avatar, which is soulbound and cannot be traded but is fully customizable, and they can then receive bespoke workouts tailored to their needs.
To further customize workout programs, nutrition and sleep metrics can be added along with general fitness. In addition, fightOut members can access a workout builder program that offers personalized routines and exercises prepared by personal trainers and coaches.
A high-quality instructional video explains each exercise in detail, as technique is key to increasing fitness levels; live classes are also offered if you desire.
The FightOut brand is currently in talks with champion boxers, MMA fighters, and pro wrestlers about the possibility of becoming an ambassador for the brand. Not only will this serve as a promotional tool for the brand, but it will also provide behind-the-scenes access to training camps as well as masterclass-style content.
This project’s native token, FGHT, is in the process of going through its presale, and when it is completed, it will be able to grant holders access to the app and gym via subscription and membership. A second currency, REPS, will be used as the app’s in-app currency to redeem rewards like apparel, supplements, and training equipment.
Besides discounts on monthly memberships, REPS holders can also pay for remote consultations with experts by completing workouts and leveling up their NFT avatars. Furthermore, as a result of the avatar and the ability to compete against other fitness enthusiasts daily, weekly, and monthly, the holder can earn further rewards by participating in fitness-related competitions.
The FGHT token is currently on sale for $0.0166, and its total supply is 10 billion tokens. During the presale, 60% of the tokens will be sold, 10% for exchange liquidity, and 30% for rewards and growth, with investors able to earn bonuses by locking their tokens for longer periods.
In addition to owning a boxing gym, the FightOut CEO is a doxxed athlete and has helped develop other fitness apps. As a result, 70% of the $100 million presale target will be used to build and refurbish gyms, 18% for marketing, and 12% for product development.
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Let’s check what the Step App (FITFI) stands for and the way it is making it big in the M2E market.
In the metaverse and GameFi market, Step App is the first fitness app that links physical experience with the metaverse, derived from the Fitness Finance (FitFi) protocol. Utilizing non-fungible tokens (NFTs) and geo-location technology, Step App creates a fitness experience within the metaverse.
Step’s FitFi metaverse includes augmented reality (AR) for better immersion that engages a huge crowd and motivates many to exercise. A blockchain has the potential to become a part of one’s everyday life, which will encourage crypto adoption on a large scale. Through Web3 versions of digital fitness experiences and apps, Fitness Finance participants earn from the value generated by the $100bn fitness industry.
As a result of gameplay perks and values drawn from the game economy, the Step App token economy includes staking, liquidity incentives, locks, buybacks, and burns.
The KCAL token is the in-game currency used to purchase SNEAKs, while FITFI is the governance token that benefits from ecosystem fees. There are several other ways to make in-game income as well as microtransactions that are non-SNEAK purchases, including map styles, character skins, and SNEAK skins. The purchases can be made with a credit card or with a cryptocurrency purchase.
There are also different ways for players to earn money, such as running against friends or playing matches against others. A 2.5% fee will be applied to the winning pool if there is a competition.
Players can compete to beat step count in several tournaments on a global and regional leaderboard. Each event is ticketed, and 5% of the ticket fees will be pooled together as prize money.
As a result, the KCAL token contributes to the game economy, allowing minting, earning, and staking.
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Step.App, as the FitFi foundation app, aims to:
Users can earn crypto rewards by participating in fitness and sports-based activities using M2E apps. Many apps are available today that leverage a similar model to the Play-to-Earn (P2E) web3 apps that reward participants for their contribution and skill. However, M2E requires users to be active and engage in physical activities instead of sitting behind gaming gadgets. In addition, in M2E apps, participants are rewarded and have skin in the game with decentralized finance features (DeFi).
An American Journal of Preventive Medicine study conducted in 2013 found that financial rewards ranging from $2-$46 weekly increased fitness participation for almost half a year in sedimentary adults. The results of another study also showed that even small incentives, such as giving 1/1000 of a cent for each step taken, were effective in boosting physical activity levels.
Nature recently found that small incentives, such as those collected through M2E platforms, are essential to motivating people to exercise. For example, for working out, participants could earn $0.9 worth of Amazon points or $1.75 worth of Amazon points for restarting workouts after a long absence. Approximately half of these interventions had weekly activities ranging from 9-27%.
As a general rule, when using an M2E model, existing technologies are taken and integrated seamlessly to create a brand-new product. As an example, M2E apps use GPS, Non-Fungible Tokens (NFTs), blockchain, cryptocurrencies, and gaming technologies to track and reward user movement.
Third parties can build within the metaverse of Move2Earn using its SDK (Step Protocol SDK), unlike other Move2Earn projects. The purpose of this is so that the FitFi economy that Step App refers to can be viewed more easily.
The Step App is, of course, like other Move2Earn projects, offering users the opportunity to be social and earn crypto while they exercise at the same time. The project hopes to attract a strong and committed user base by gamifying and introducing a social and competitive aspect.
In terms of the metaverse component, Step App will be the first of many apps to be created in the Step Metaverse. As players complete fitness tasks, their characters grow and evolve, according to the app’s litepaper.
It is important to note that Step App’s governance token is FITFI, while its in-game token is called KCAL, which can be used to purchase SNEAKs, the NFT in Step App that allows users to interact with it. Fees collected on Step App’s NFT marketplace are one of the ways it makes money.
To encourage further adoption of Step App’s token economy, Step App has included plenty of economic incentives:
SNEAK NFTs
The Step App’s SNEAK NFTs are, just like STEPN, a fellow Move2Earn project that helps players earn crypto while exercising. As of right now, players can earn SNEAKs by joining Step App’s early sign-up campaigns.
FITFI tokens
It is possible to stake FITFI to earn rewards and to compete against other players. FITFI’s value can also be increased through buyback and burn mechanisms. Staked FITFI tokens are locked to control liquidity, and LP tokens are rewarded more heavily in staking rewards.
In exchange for locking in FITFI and LP tokens, Step App offers players the opportunity to unlock SNEAK and avatar skins.
KCAL tokens
Step App’s in-game token, SNEAK, is minted using KCAL only in order to increase its value. When players stake SNEAK while running, they earn KCAL.
Users of the Step App accumulate FAT points and burn FITFI to convert them into KCAL. It is intended that holders of the coin use it as a governance token in order to acquire voting rights for administrating the app as a whole. As a result of the utility token, payments and rewards can be made on the Step App. By purchasing NFTs, users become part of the Step App ecosystem and receive a price reduction. The coin provides perpetual staking. There are a number of opportunities available to holders, such as Drop Tickets, Lootboxes, sponsored SNEAK drops, yield, and other items of interest. It is also possible for them to acquire discounts of up to 2.5% on the purchase of NFTs.
There is no doubt that Step.App team is a competitive bunch. Kirill Volgin leads the company as CEO, Dimitri Gordechuk as CTO, and Robert Vukosa as Head of Business Development.
Kirill was the first to create an NFT wallet, while Gordechuk led the blockchain department at Symbiosis Finance and pioneered decentralized finance. In addition to strategizing traditional finance policies, Vukosa has a decade of experience.
Dharpan Randhawa, one of the advisors, as well as important people in the blockchain industry, such as Dovey Wan, Hatu Sheikh, Jens Willemen, Melanie Mohr, Tim Inveitt, and Oliver Bell are among the advisors.
In addition, Step.app has Daniel Ritchie as its sports ambassador. In addition to being a great runner, he is an accomplished rower as well.
There are not many Fitfi use cases at the moment, but it is still growing.
Now let’s look at FITFI’s price history. Even though past performance is no indication of future results, knowing what the token has done in the past helps provide some context when interpreting Step App price predictions.
In April of 2022, when the Step App token was first listed on the open market, its price was roughly $0.12, but on April 26th, it was announced that the token would now be available for trading on the ByBit exchange. Due to this, the price soared to $0.4885 at the end of the month. The price of this currency increased to a record high of $0.7346 on May 6th. It was not long after that, however, when the UST stablecoin began to depeg, triggering the collapse of the associated LUNA cryptocurrency. In response, the market crashed, and Step App, a crypto barely more than two weeks old, plummeted to a low of $0.08271 on May 12th, a loss of almost 90% in just six days.
While it appeared FITFI would get itself back up and running the following day, trading at a high of $0.3176, it closed May at $0.1327. Then, on June 12th, FITFI dropped to an all-time low of $0.0501 as a result of the cancellation of withdrawals on the Celsius crypto lending platform, confirming that crypto was in a bear market.
On July 21st, Usain Bolt was announced as the new face of Step App, making the price of FITFI peak at $0.1289 on an intraday basis. On the next day (July 22nd, 2022), it had fallen a little bit, but was still valued at about $0.122 at the time.
According to self-reported statistics, 410 million FITFI were in circulation out of a total supply of 100 billion. According to this, the token would have had about $50m in market capitalization, making it the 387th most valuable crypto.
In today’s live market, the price of Step App is $0.024434 USD, with a 24-hour trading volume of $1,598,594 USD.
The price of Step App has decreased by 0.93% in the last 24 hours. CoinMarketCap currently ranks #2675, with a live market cap of not available. Circulating supply and maximum supply are not available. There are 5,000,000,000 FITFI coins in circulation.
The move-to-earn crypto trend is gaining popularity among users in the blockchain world. First-time investors will find FightOut (FGHT) an excellent option due to its ability to earn money while playing a game while also encouraging them to stay active.
There has been a partnership between Step App and eight-time Olympic gold medalist and 11-time World Champion Usain Bolt since 2021.
With over 4 million pre-signed users, the app targets a market of 10 million users
Through the use of real-life physical activities, users can earn crypto Tokens along with their achievement of certain in-game virtual missions.
The FitFi token is the governance token of the Step App ecosystem. In addition to being a utility coin with the Step App, FITFI also benefits from ecosystem fees. It is possible to stake FITFI tokens in order to earn up to 50% of the token’s market value.
FightOut provides tailored and actionable health recommendations through an innovative M2E ecosystem. FightOut’s primary objective is to use cryptos and NFTs as rewards in order to motivate users to complete exercises in order to improve their fitness levels and complete their workouts. This could be considered to be more than what Step App can offer.
Due to its apparent newness in the crypto market, M2E apps still have a long way to go when it comes to their adoption. However, by doing so, they will be able to get more investors on board and generate higher returns for their existing investors.
You will need to have crypto before you can purchase Fitfi; here is how you can do this.
Fitfi tokens can be purchased with crypto on its Step exchange. A crypto wallet can be used to store cryptocurrency that has been purchased on a crypto exchange using fiat currency. For example, a deposit of as little as $10 is possible with eToro.
Creating an account at eToro is the first step you have to take. The process is simple, quick, and easy.
You can join eToro by clicking the ‘Join Now’ button. As part of the next step, you will need to enter your name, nationality, address, date of birth, phone number, and email address.
eToro is regulated by ASIC, CySEC, FINRA, and the FCA.
The funds in your account can only be withdrawn if you provide proof of your identity. The verification process must therefore be completed as soon as possible. It is necessary for you to upload the following two documents:
Your documents will probably be verified automatically by eToro
The next step in the process is to deposit the funds. The following instant deposit methods are accepted: PayPal, Skrill, Neteller, and debit cards, with a minimum deposit of $10. You’ll also have to wait a few days for bank transfers.
All cryptocurrency trading sites require you to place a buy order. Your stake must be entered in the ‘Amount’ box. In addition, it is necessary to deposit $10 in USD as a minimum.
You can purchase Ethereum commission-free by clicking the ‘Open Trade’ button. Then you can add your ETH coins to your portfolio and start trading them. Then, any time you want, you can cash out your coins commission-free.
To send coins to an external wallet, follow these steps:
Based on the coin you are interested in, you can check the validity of the public key on the relevant blockchain explorer.
Next, connect your Metamask and TrustWallet wallets to PancakeSwap.
Choose the crypto token you wish to use under the ‘From’ tab. By default, ETH will be selected. Whatever token you choose, make sure you have enough tokens to begin trading. Using the ‘To’ section, select the Lucky Block token. Token amounts ‘To’ and ‘From’ will be calculated automatically based on market conditions.
It is time to move your Fiffi to your wallet to enjoy all the advantages this token offers.
In general, it seems that the FITFI price is on a path to hit $1 and possibly higher in the future. Considering a market cap of $500 million would mean a $2 price target – a common milestone for crypto projects.
It is estimated that the FITFI price would be around $4 per share by 2023 based on a $1 billion market cap.
As some investors predict, the short-term outlook may depend on whether Bitcoin crashes to the $20,000 – $25,000 support area to retest the 200 weekly moving average. Although that may happen, most crypto investors are bullish in the long run and plan to buy more when those levels are reached.
As a long-term investment in move to earn apps in general – which are an emerging new asset class and a promising technology trend – you might want to consider dollar cost averaging into GMT and FITFI for the remainder of 2022 to protect your capital against dips.
Based on our analysis, Step App's price for 2025 should range between $0.11 and $0.16, while FITFI's price should average around $0.13.
Whether Step App is a good investment for you or not depends on your portfolio composition, investment goals, and risk profile. Different trading strategies will suit different types of investment goals. Invest only what you can afford to lose, and do your research.
With a diluted market cap of $136,485,042, Step App has a market cap of $31,736,794.
A total of 100,000,000 coins are in circulation.
FightOut is now the best alternative to Step App. Due to the fact that it has more features and is a more solid project.
You can purchase it on Pancakeswap v2, Anyswap, Ku coin, or Mdex.
English Language professional with a vast experience teaching English as a second language, English translator to Spanish, Cryptocurrency enthusiast, interested in geopolitics and economy.
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