Deep Dive
1. App Engagement & Incentives (Mixed Impact)
Overview: Step App’s Black Friday promotion (27 Nov 2025) offers up to 50% discounts on SNEAK NFTs and headsets, aiming to boost user activity. The app’s dual-token model lets users stake FITFI to earn KCAL and NFTs, with 20% of FITFI’s supply allocated to staking rewards.
What this means: Seasonal promotions and staking yields (~50% of NFT trading fees redistributed) may temporarily lift demand. However, past PR-driven rallies (e.g., 138% FITFI surge via Outset PR) suggest volatility tied to marketing cycles rather than sustained adoption.
2. Tokenomics & Supply Pressures (Bearish Impact)
Overview: FITFI’s circulating supply is 4.34B (94% of max 4.6B), with 30% (1.5B) allocated to move-to-earn mining. Only 18% of tokens remain locked, per CoinMarketCap data.
What this means: High inflation from mining rewards (30% of total supply) could offset deflationary measures like token burns. With RSI at 37.47 (neutral), sustained sell pressure from unlocked tokens may prolong the -61% 90-day downtrend.
3. Avalanche Ecosystem Risks (Neutral/Bearish Impact)
Overview: FITFI relies on Avalanche’s ecosystem, which faced disruptions when Bithumb paused AVAX deposits/withdrawals in Nov 2025 during a network upgrade.
What this means: While Avalanche’s low fees benefit Step App, FITFI remains vulnerable to chain-specific outages and AVAX price swings. The token’s 86% annual drop aligns with Avalanche’s own -55% decline, per 2025 metrics.
Conclusion
Step App’s price hinges on balancing user growth against inflationary tokenomics, with Avalanche’s stability as a wildcard. While Black Friday deals and staking may offer fleeting relief, the 30% mining allocation and “Fear” market sentiment (CMC Index: 27) pose structural hurdles. Can FITFI’s deflationary mechanisms outpace its supply glut if altcoin season resurges?