Can 3 Million Stepn Users Help Boost GST Price?<\/h2>\n
The NFT-based exercise app has amassed 3 million active users each month. Given the high number of customers, market experts wonder if this will cause the GST price to rise slightly.<\/p>\n
Similar to Fitbit, Stepn is a GPS-based game in which the app counts your activities and steps. To begin running, you must acquire a virtual pair of sneakers. These newly-minted NFTs can be resold on the market for a possible profit to purchase a better pair.<\/p>\n
By the way, the Stepn app doesn’t work with a treadmill or any other electric-powered gym equipment: you must use your legs, and run outside of the house.<\/p>\n
Two months ago, Web3 employees would boast on Crypto Twitter about making up to $30 just by running. At the time, one pair of Stepn’s NFT sneakers cost a\u00a0whopping\u00a0$600 (priced in SOL).<\/p>\n
<\/p>\n
Crypto total market cap at $905 billion on the daily chart | Source: TradingView.com<\/a><\/pre>\nGST Price Drops Lowers<\/h2>\n
Those that engage in physical exercise can earn GSTs. Different types of sneakers refund GST at varying rates; the better the efficiency attribute of a sneaker, the more GST the user can earn per minute. At the peak of GST, you might get your money back in approximately 30 days.<\/p>\n
Now, GST is only 18 cents, and jogging a few miles with an entry-level footwear NFT will earn you less than $1, which is a far cry from the easy\u00a0$30 you could earn by running a short distance.<\/p>\n
GST was the most popular cryptocurrency earlier this month when the token’s price was closer to $1; however, despite the excitement and a 30 percent increase on June 8, GST’s price fell further.<\/p>\n
GST has a market cap of only $23 million and ranks #529 on CoinMarketCap. The market capitalization of GMT is at $365 million, down from $4.17 and over $2.2 billion at its peak on April 28.<\/p>\n
Suggested Reading | ApeCoin Shed $2.5 Billion From Its Market Cap In May \u2013 Investor Appetite Fading?<\/a><\/strong><\/em><\/p>\n
Featured image from RationalInsurgent, chart from TradingView.com<\/a><\/pre>\n<\/p>\n","protected":false},"excerpt":{"rendered":"
Stepn (GST) is competing in the fitness industry using cryptocurrencies and the blockchain. Stepn is a smartphone software built on Solana and produced by app developer FindSatoshi Lab that allows users to earn money by jogging, running, or walking. Under the influence of this bearish market, however, the price of GST (Green Satoshi Tokens) has fallen below the $1 critical support level. The coin is currently trading at $0.18, representing a 97 percent decline from its all-time high of a little over $9 on April 28. To prevent the ecosystem from imploding, the coin must once again attract purchasers like it did during that month. Suggested Reading | Bitcoin Steady Above $20K After Drop To $17K \u2013 A Slow Climb To Green? Can 3 Million Stepn Users Help Boost GST Price? The NFT-based exercise app has amassed 3 million active users each month. Given the high number of customers, market experts wonder if this will cause the GST price to rise slightly. Similar to Fitbit, Stepn is a GPS-based game in which the app counts your activities and steps. To begin running, you must acquire a virtual pair of sneakers. These newly-minted NFTs can be resold on the market for a possible profit to purchase a better pair. By the way, the Stepn app doesn’t work with a treadmill or any other electric-powered gym equipment: you must use your legs, and run outside of the house. Two months ago, Web3 employees would boast on Crypto Twitter about making up to $30 just by running. At the time, one pair of Stepn’s NFT sneakers cost a\u00a0whopping\u00a0$600 (priced in SOL). Crypto total market cap at $905 billion on the daily chart | Source: TradingView.com GST Price Drops Lowers Those that engage in physical exercise can earn GSTs. Different types of sneakers refund GST at varying rates; the better the efficiency attribute of a sneaker, the more GST the user can earn per minute. At the peak of GST, you might get your money back in approximately 30 days. Now, GST is only 18 cents, and jogging a few miles with an entry-level footwear NFT will earn you less than $1, which is a far cry from the easy\u00a0$30 you could earn by running a short distance. GST was the most popular cryptocurrency earlier this month when the token’s price was closer to $1; however, despite the excitement and a 30 percent increase on June 8, GST’s price fell further. GST has a market cap of only $23 million and ranks #529 on CoinMarketCap. The market capitalization of GMT is at $365 million, down from $4.17 and over $2.2 billion at its peak on April 28. Suggested Reading | ApeCoin Shed $2.5 Billion From Its Market Cap In May \u2013 Investor Appetite Fading? Featured image from RationalInsurgent, chart from TradingView.com <\/p>\n","protected":false},"author":557,"featured_media":494006,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12436],"tags":[2264,86228,86227],"class_list":["post-494005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ai-and-tech","tag-gst","tag-move-to-earn","tag-stepn"],"acf":[],"yoast_head":"\n
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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Stepn GST Token Slides 97% – Despite Fitness App Having 3M Users","url":"http:\/\/uniquehot.com\/news\/ai-and-tech\/stepn-gst-token-slides-97\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ai-and-tech\/stepn-gst-token-slides-97\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/06\/Stepn.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/06\/Stepn.png?fit=982%2C469"},"articleSection":"AI and Tech","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["gst","move to earn","stepn"],"dateCreated":"2022-06-24T06:49:09Z","datePublished":"2022-06-24T06:49:09Z","dateModified":"2022-06-24T06:49:09Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Stepn GST Token Slides 97% – Despite Fitness App Having 3M Users\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ai-and-tech\\\/stepn-gst-token-slides-97\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ai-and-tech\\\/stepn-gst-token-slides-97\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/Stepn.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/Stepn.png?fit=982%2C469\"},\"articleSection\":\"AI and Tech\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"gst\",\"move to earn\",\"stepn\"],\"dateCreated\":\"2022-06-24T06:49:09Z\",\"datePublished\":\"2022-06-24T06:49:09Z\",\"dateModified\":\"2022-06-24T06:49:09Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/06\/Stepn.png?fit=982%2C469","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/494005"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=494005"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/494005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/494006"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=494005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=494005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=494005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}