Important: This Step App (FITFI) price prediction 2023 is purely based on the writer’s knowledge in technical analysis alone. Price analysis articles of other platforms may use different technical analysis signals and indicators that may influence their Step App (FITFI) price forecast outcome differently. Hence, we strongly suggest doing your own research before buying FITFI.
Investors and traders in all corners of the crypto space continue to feel the bear market.
Bitcoin, the favorite cryptocurrency of many, keeps a depressing trading position below $30K from its all-time high price of over $60k in 2021.
Despite the devastating status of the crypto market, there are still many cryptocurrencies that continue to defend their price position. Step App (FITFI) is one of the crypto assets that keep its ground in today’s market carnage.
At the time of writing, FITFI trades at a decent price of $.022 with a huge market capitalization of nearly $30 million.
What Important Things Do You Need To Know About FITFI Before Investing? (Explained Like You’re Five)
FITFI is the governance token of Step App. It is also the Web3 version of digital fitness experiences and apps. FITFI operated on a move-to-earn model where participants earn from the value generated by the fitness industry.
Step App with FITFI eyes creating a gamified metaverse for the fitness economy. As a result, last July 26, 2022, FITFI officially launch its private beta in partnership with Usain Bolt. The collaboration will allow more than 20 million pre-signed users access to exercise, socialize, play, and earn through the platform’s advanced technology.
Users can also buy and trade – SNEAK – Stepp App’s digital footwear that can be used in the platform’s metaverse.
Did you know? The step App also has its own native DEX – StepEx.
The exchange is an all-in-one exchange protocol. In other words, StepEx offers most things that traders and investors seek in an exchange, such as farming, trading, staking and some games that reward prices.
In terms of technology, here are some details that Step App inventors and users might consider before investing:
Game Economy – Play Income
- Micro-transaction: non-Sneak purchases such as map styles, character skins, Sneak skins, skins, etc. Purchase in credit cards or crypto from the shop.
- Staked Play: Players can run against friends or match up against others. These competition runs can be done with staked governance tokens. 2.5% fee applies on the winning pool.
- Tournament Gaming: Players can compete their step count on a global and regional leaderboard. Tournament wins unlock unique skins and get a dedicated leaderboard. Participation in the tournament requires a ticket, purchases of which feed a prize pool, with the game taking 5% of all accrued ticket fees.
- NFT Marketplace: A 2.5% fee applies on all NFT trades on the in-app NFT marketplace.
- NFT Sales: Limited edition Sneaks are issued once a month.
Game Economy – FITFI Token
- Buy-backs: 50% of play income is used to buy tokens on the market.
- Burns: governance can vote to burn up to 50% of bought back tokens.
- Staking Rewards: up to 50% of market bought tokens are distributed to stakers.
- Locks: Staked tokens require a 10-day cooldown for exiting, and bypassing this cooldown carries a 12% fee on the principal stake.
- Liquidity Incentives: LP tokens get a 50% higher weight in staking rewards.
Step App (FITFI) Overview (At the time of writing)
|Cryptocurrency||Step App (FITFI)|
FITFI Price Prediction 2023 to 2025: Will FITFI make you rich if you invest now?
As seen in the one-day chart, FITFI keeps its position within the Arnaud Legoux moving average (ALMA), an uptrend signal. If FITFI keeps this performance in the following days of the month, the cryptocurrency might have the chance to break out and hit its resistance level of $0.048. If it does, the pathway towards the bullish price of $.11 will open, an opportunity that FITFI can take advantage of. The bullish price of $0.11 is also just +137% away.
Conversely, if FITFI will not be able to keep its trading position with the ALMA indicator, the price of the crypto might fall. It may dive below $.020. In this scenario, FITFI must be able to fortify its defense against the raging bears. Otherwise, FITFI might be carried away by the bearish market trend, an event not favored by global investors.
Meanwhile, the Relative Strength Index (RSI) of FITFI suggests traders to be careful in trading. The RSI of FITFI is at 31.79, a position within the 70-30 level. In detail, if the position of FITFI resides within the 70-30 level, the crypto is considered not overbought nor oversold. This means traders can still do trading activities without fearing any major price breakout.
However, if FITFI goes beyond level 70 or 30, it will be a different story. FITFI price might unstable. In this case, it is recommended that traders practice trading with caution to avoid losses that cannot be reverted.
The Moving average convergence divergence (MACD) FITFI is seen to perform a bullish crossover. If this performance of FITFI continues in the following months of the year, FITFI may smash the skyrocketing price of $0.10 to $0.15. If it does, FITFI will create a new support level between the price of $0.10 to $0.15 and generate a new resistance level starting from $0.20 and beyond.
To answer the question, will FITFI make you rich? It depends on how much you trust the project and how much you are willing to invest in the project. If you trust the project and have already done your assignment, you can buy now and take advantage of the bearish market. Then, patiently wait for the right price and sell it.
However, at the end of the day, it’s all a risk. No one knows the direction of the bullish market. Having said that, it is still safe to follow or respect the rules of your indicator to protect yourself from the market’s volatility.
Other Market Prediction for Step App (FITFI) in 2023
Digitalcoin is one of the trusted names in the crypto world, as the firm claims. This is because it has already established accurate cryptanalysis and the latest news stories over time. For this reason, the 2023 forecast of Digitalcoin for FITFI amounts to $0.029.
By using their latest technical analysis, the platform updates its network prices and predictions every three minutes. For this reason, the 1-year forecast of Wallet Investor for FITFI amounts to $.00244.
Market Prediction for FITFI Price 2024, 2025, 2026, and 2027
FITFI price prediction 2024 is up to $0.056 (estimated)
FITFI price prediction 2025 is up to $0.080 (estimated)
FITFI price prediction 2026 is up to $.10 (estimated)
FITFI price prediction 2027 is up to $.10 (estimated)
FITFI continues to gain popularity among traders and investors in the crypto space. Therefore, the conclusion for the FITFI price prediction in 2023 amounts to $0.20. However, this forecast still depends on how the market will treat FITFI in the future.
- Step App (FITFI) has a decentralized exchange – StepEx.
- FITFI has liquidity incentives that enable LP tokens to get a 50% higher weight in staking rewards.
- FITFI tokens may reach over $0.20 before the year ends if the bullish market favors the network
- FITFI tokens can be traded on exchanges such as Gate.io, OKX, MEXC Global and Bitget
- Limited edition Sneaks are issued once a month
FITFI is one of the leading move to earn token networks in the crypto space nowadays. With the growing number of people who want to become fit by exercising and moving from one place to another, we can say that FITFI has the potential to be a good investment in the next months of the year.
The price status of FITFI depends on many different factors, one of which is the current market situation. If FITFI is able to invite more traders and stakers to the platform, there is a big chance that the price of FITFI will go higher.
The crypto market is very unpredictable due to volatility. Any crypto in the space cannot evade these wild market swings of the market. One factor to consider is the massive dumping of tokens made by the whales in the FITFI network, an event that is very uncontrollable.
The FITFI crypto is one of the most iconic projects in the space. The KuCoin exchange is one of the famous crypto exchanges supporting FITFI crypto.
Yes, FITFI is a crypto that uses blockchain technology.
Disclaimer: The views and opinions in this article belong to the writer alone and they do not necessarily reflect the position of CryptoNewsLand (CNL). No information in this article, whether expressed or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers perform their own in-depth research before investing in cryptocurrency.
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