Bitcoin

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Bitcoin has recently caught the eye with a 10% gain to close November, although it&#39;s been playing a waiting game since. This stability masks a deeper story: investor confidence in the original cryptocurrency remains high, buoyed by big moves like MicroStrategy beefing up its BTC stash by a whopping $600 million. Meanwhile, the broader crypto market cap stands strong at $1.44 trillion, marking a 1.7% jump in 24 hours, despite the SEC mulling over Fidelity&#39;s Ether ETF and the increasing regulatory scrutiny from the U.S. government.The move-to-earn (M2E) market, though smaller in scale compared to giants like Bitcoin and Ethereum, is showing signs of vigorous growth and innovation. Valued at $525 million but experiencing a slight dip of 2%, the sector is fighting to recover from its post-2022 losses, with <a href="https://step.app/?utm_source&#61;cryptodaily&amp;utm_medium&#61;mmedia&amp;utm_campaign&#61;https://step.app/?utm_source&#61;cryptodaily&amp;utm_medium&#61;mmedia&amp;utm_campaign&#61;GMTSWEATFITFI" rel="noopener noreferrer nofollow">Step App</a> (FITFI), STEPN (GMT) and Sweat Economy (SWEAT) leading this resurgence. FITFI soared 51% in November, outshining its peers GMT and SWEAT which posted gains of 44% and 26%, respectively. The secret sauce behind such a remarkable performance is a robust in-app economy, attractive returns, and a squeaky-clean reputation, not to mention some celebrity shoutouts.Blazing a trail, Step App (FITFI) leaves us wondering: is this a fleeting trend or the dawn of a new era? But one thing&#39;s for sure: FITFI, along with its counterparts, is definitely worth keeping an eye on, as it confidently dances through the challenges of the broader crypto domain.Step App (FITFI): Enjoy Rewards For Every JogImagine a world where your daily run or walk not only boosts your health, but also your virtual wallet. With Step App, your regular jog can net you anywhere from 5$ to 50$ per session! As the first move-to-earn application that empowered fitness with AI-assisted workouts, Step sets a new standard in the FitFi realm. Bolstered by its stable economy and lucrative ROI for users, the project caters to health enthusiasts and crypto fans alike, regardless of their experience with Web3. Injecting a burst of star-studded excitement, Step App basks in the glowing endorsements of legendary athletes like Usain Bolt, propelling its esteemed market reputation to even greater acclaim.<a href="https://go.step.app/415PjQs" rel="noopener noreferrer nofollow">Transform Your Steps into Tangible Rewards with Step App</a>In Step, managing your earnings is effortless and subscriptions are available to further personalize your in-app experience and amplify rewards. Here, the magic lies in the FITFI and KCAL tokens – central to the app’s vibrant, contest-filled community and its continuous innovation, they hold potential for appreciation over time. Whether it&#39;s upgrading your workout gear with KCAL or unlocking exclusive features with FITFI, these tokens are ready to enhance your fitness journey. In the run-up of 2024, Step is gearing up to unveil even more exciting features and airdrops, ensuring that both the community and the value of its tokens keep thriving.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/869636c504234de193b167a21a238a20.png" />Source: <a href="https://www.tradingview.com/chart/3rzIBxxK/?symbol&#61;CRYPTO%3AFITFIUSD" rel="noopener noreferrer nofollow">TradingView</a>Right now, Step App (FITFI) is caught between $0.003902 and $0.009948. Its price, teetering close to the initial resistance point, signals <a href="https://cryptodaily.co.uk/2023/11/sec-challenges-slow-ripple-xrp-and-cardano-ada-as-a-rising-token-targets-exceptional-gains-right-now" rel="noopener noreferrer nofollow">a crucial moment</a> for potential upward movement. The technical indicators add an optimistic tone to this scenario: the 10-day SMA has climbed to $0.007677, hinting at a positive trend, while the 100-day SMA at $0.00464 reinforces a generally favorable market outlook. The MACD level at 0.000666, combined with the RSI of 56.72, suggests a healthy balance of buying and selling pressures.One particularly bullish sign is the 24-hour trading volume of $17.4M surpassing the FITFI market cap of $16.9M. This indicates a high level of trading activity – often a sign that the market is valuing the asset more in the short term, anticipating future growth or positive developments. As Step App (FITFI) approaches the end of its <a href="https://cryptorank.io/price/stepapp/vesting" rel="noopener noreferrer nofollow">public vesting</a> on January 26, this heightened interest could set the stage for breaking through the current resistance levels. Looking ahead, if this momentum sustains, FITFI might not only surpass $0.009948, but also aim for the higher targets of $0.01273 and $0.018776, especially given the much-anticipated new features.<a href="https://go.step.app/415PjQs" rel="noopener noreferrer nofollow">Step Up Your Game – Join Now!</a>STEPN (GMT) Technical Analysis<a href="https://cryptodaily.co.uk/2023/11/beyond-celebrity-favor-for-dogecoin-doge-and-stepn-gmt-an-unseen-crypto-contender-emerges-for-2024" rel="noopener noreferrer nofollow">STEPN</a> (GMT) is stirring up excitement with the <a href="https://twitter.com/mooarofficial/status/1729138532093235418" rel="noopener noreferrer nofollow">introduction</a> of the MOOAR Box by Find Satoshi Lab (FSL) – this fresh reward system, reminiscent of successful models from Blur and Magic Eden, is a pivotal move in the NFT space. Users, who are engaged in NFT trades on MOOAR, are rewarded with Bluechip NFT shards which can be easily exchanged for GMT tokens. The first season of MOOAR Box, featuring rewards like the STEPN x MOOAR Genesis Sneaker and BAYC NFTs totaling million, aligns well with FSL&#39;s vision of a robust ecosystem centered around GMT.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/090de2677f934089994b9b5a4846550c.png" />Source: <a href="https://www.tradingview.com/chart/3rzIBxxK/?symbol&#61;GEMINI%3AGMTUSD" rel="noopener noreferrer nofollow">TradingView</a>Technically, STEPN (GMT) is navigating an intriguing path, oscillating between the support level at $0.16872 and the resistance point at $0.36463. With the 10-day SMA at $0.288954, just above the GMT recent price, and the 100-day SMA at $0.185473, the indicators suggest a potential upward trend. The MACD Level at 0.018392 and the RSI of 52.44 strike a balance, portraying a market that&#39;s lively, but not in overdrive.<h2 id="header-0">STEPN (GMT) Price Action – What’s Next?</h2>On the optimistic side, the buoyant STEPN (GMT) community, widespread and passionate, could propel GMT towards its secondary resistance level at $0.46769 and even the higher mark at $0.6636, especially with the ongoing positive engagement in FSL’s ecosystem, already encompassing STEPN app, MOOAR marketplace, DOOAR DEX, and the upcoming Gas Hero game.However, <a href="https://twitter.com/spotonchain/status/1730413448365003196?ref_src&#61;twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1730413448365003196%7Ctwgr%5E5c1bd8ff1e4fe184b1f36e2fd55604ab888ed860%7Ctwcon%5Es1_c10&amp;ref_url&#61;https%3A%2F%2Fcointelegraph.com%2Fnews%2Fftx-alameda-research-cash-out-10-8-m-binance-coinbase-wintermute" rel="noopener noreferrer nofollow">recent movements</a> of $2.58 million in GMT from wallets associated with FTX and Alameda Research, part of a larger $551 million transaction <a href="https://cryptodaily.co.uk/2023/11/is-solana-sol-about-to-go-higher-in-spite-of-ftx-selling-pressure" rel="noopener noreferrer nofollow">involving various cryptocurrencies</a>, add an element of uncertainty. This could potentially push STEPN (GMT) towards its secondary support level at $0.07587, if market sentiment turns wary.Sweat Economy (SWEAT) Technical Analysis<a href="https://cryptodaily.co.uk/2023/06/sweat-economy-launches-new-governance-vote-to-decide-the-fate-of-2-billion-sweat-tokens" rel="noopener noreferrer nofollow">Sweat Economy</a> (SWEAT) is riding a wave of success in the Web3 gaming scene, thanks to its smart tie-up with NEAR Protocol. This partnership has done wonders, <a href="https://cryptodaily.co.uk/2023/11/is-3-a-distant-dream-for-near-protocol-near-analysts-offer-mixed-views" rel="noopener noreferrer nofollow">propelling NEAR</a> past heavyweights like Bitcoin and Ethereum in daily activities since its launch in September. A key driver of this spike was <a href="https://cryptodaily.co.uk/2023/11/november-sparks-step-app-fitfi-stepn-gmt-and-sweat-economy-sweat-who-will-spearhead-the-move-to-earn-christmas-rally" rel="noopener noreferrer nofollow">SWEATCOIN&#39;s launch in the USA</a>, with the app now boasting a million on-chain active users. In just 24 hours, SWEAT clocked in 118,000 unique active wallets, edging out its competitor, the Ethereum-based game Pixels.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/b9af5ac8cde64afea9ec3b3bb4befe1c.png" />Source: <a href="https://www.tradingview.com/chart/3rzIBxxK/?symbol&#61;BITFINEX%3ASWEATUSD" rel="noopener noreferrer nofollow">TradingView</a>On the technical front, Sweat Economy (SWEAT) is playing a balancing act between its support level at $0.009426 and resistance at $0.0122005. The numbers are telling a positive tale: the 10-day SMA stands at an unusually high $0.108419, while the more conservative 100-day SMA is at $0.008999, reflecting a longer-term positive sentiment. The MACD level at 0.0003968, along with the RSI of 61.26, suggests a bullish trend with a strong buying momentum. It&#39;s not just about the numbers, though. SWEAT <a href="https://dappradar.com/rankings?sort&#61;uawCount&amp;order&#61;desc&amp;range&#61;24h" rel="noopener noreferrer nofollow">is a big deal</a> on NEAR, driving nearly 90% of all transactions alongside the KaiKai token. Most of NEAR Protocol&#39;s hustle and bustle is <a href="https://flipsidecrypto.xyz/omer93/what-is-the-cause-of-the-near-activity-s-rise-VJK3X6" rel="noopener noreferrer nofollow">thanks to dApps and gaming</a> – the home turf of Sweat Economy (SWEAT).<h2 id="header-1">Sweat Economy (SWEAT) Price Action – What’s Next?</h2>Looking ahead, the bullish scenario for SWEAT would see it breaking through the $0.0122005 resistance level, possibly aiming for the next targets at $0.013241 and even $0.0160155. This could be fueled by continued user growth and the app&#39;s increasing prominence in the NEAR ecosystem.Conversely, a bearish turn could see Sweat Economy (SWEAT) retracing towards its subsequent support levels at $0.007692 and $0.0049175 which are crucial to watch in the event of a more significant pullback below $0.009426.ConclusionBitcoin&#39;s recent uptick and the rise of M2E apps like Step App (FITFI) are shaking things up in the crypto world. While BTC, the old guard of cryptocurrencies, is gaining new ground, thanks to some <a href="https://cryptodaily.co.uk/2023/12/michael-saylors-microstrategy-purchased-600m-bitcoin-in-november" rel="noopener noreferrer nofollow">hefty investments from big players</a>, the newer kids on the block, including STEPN (GMT) and Sweat Economy (SWEAT) that are trying to near the recent success of Step App (FITFI), are making waves in their own right, offering a fresh spin on earning crypto that&#39;s catching a lot of attention. For those keeping an eye on the crypto space, this blend of Bitcoin&#39;s <a href="https://cryptodaily.co.uk/2023/11/less-than-10-up-in-november-bitcoin-btc-hints-at-super-bullish-christmas" rel="noopener noreferrer nofollow">steady growth</a> and the innovative spark from M2E platforms marks a whole new chapter in how we think about money, health, and technology.Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.RELATED TOPICS: <a href="https://cryptodaily.co.uk/tag/altcoins" rel="noopener noreferrer nofollow">#ALTCOINS</a> <a href="https://cryptodaily.co.uk/tag/breaking-news" rel="noopener noreferrer nofollow">#BREAKING NEWS</a> <a href="https://cryptodaily.co.uk/tag/spotlight" rel="noopener noreferrer nofollow">#SPOTLIGHT</a>

Which Move-To-Earn App Will Double First As Trends Favor Step App (FITFI), STEPN (GMT), And Sweat Economy (SWEAT)?

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