Many crypto projects have recovered from the crypto winter. STEPN is another project that has shown extensive growth since June’s bottoms. The move-to-earn gaming phenomenon has come back to life after an underwhelming couple of months. Moreover, the founders have laid out development plans for STEPN as it attempts to resurface in the crypto market. […]
The move-to-earn gaming phenomenon has come back to life after an underwhelming couple of months. Moreover, the founders have laid out development plans for STEPN as it attempts to resurface in the crypto market.STEPN’s sneaker NFTs are seeing something of a renaissance in August. The demand for these sneakers has increased significantly in the past week after tumbling in July.Source:STEPN has also laid out development plans recently.
This falls short of the 32k user growth as on 21 June. However, a silver lining for STEPN is its ability to attract new users right now.At press time, existing users were beginning to show more interest in “buying more shoes.” But their interest has dwindled down since the beginning of July. STEPN is now faced with a concerning situation as they would have to retain existing users. For this purpose, STEPN can increase rewards for such users. While there are existing reward patterns in place, a “step-up” is expected in H2 2022.It’s here to be mentioned that STEPN has started the second half of 2022 considerably well.The native GMT has remained somewhat unchanged since the past week.
At press time, GMT was trading at $1.01 after a 5.97% increase over the last day. Will these changes and new emerging patterns have any effect on GMT? Well, only time can answer.Subscribe to get it daily in your inbox.