An altcoin project closely followed by Turkish investors experienced an 800% explosion in transaction volume. With the crypto winter moving away from some projects, the Web3 market is returning to trends.
STEPN NFTs in trend since 11 July
One of the altcoin projects that had a tough time in the crypto winter was STEPN. Sales of the STEPN NFT collection are up 800% since last week as the market finds new buyers again. Thus, after months of selling, the NFT markets are starting to relax a bit. However, recent market spikes have made it possible for forgotten projects to shine once again. STEPN’s NFTs generated weekly gross sales of 4.8 million as a project seizing the opportunity. The trend of STEPN NFTs has been growing since 11 July and has not seen a correction so far.
Meanwhile, STEPN has recently given good news for its users. Implementing the move and win mechanism, the platform announced “Well being Factors”, which gives life to STEPN shoes. According to the statement, “Without HP, shoes will have an unlimited supply and will never get old. And this is a formula for inflation and eventual price reduction.”
One of the main problems with STEPN is that these Health Factors (HP) reduce individual income. The company eased the tension by saying that restoring HP was free for GST mining. Customers also won’t have to spend money on HP at lower price points. If HP is not recovered, it raises additional concerns about the usefulness of the shoes. According to STEPN, “HP repairman is the long-term progressive deterioration of the shoe”.
While the altcoin market is recovering, the GTM price has an opportunity to reach $ 1
GTM price also made good use of the recovery process, just like NFTs. GMT is currently about to reach its $1 target. It is trading at $0.9615 at the time of writing.
Stepn (GMT) is a lifestyle app that encourages users to “earn by moving”. The project is based on Solana and is seen as a precursor to Web3. STEPN users with NFT sneakers can earn GMT by walking or running outdoors. The token can also be used to vote and vote on future changes on the platform. cryptocoin.comAs you follow, the project recently announced APE Realm.
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