One of the promising and cheap digital money rushed to record insane heights, during which it succeeded in topping the list of the 100 largest digital currencies in terms of market value.
And while the cryptocurrency market is undergoing a violent wave of violent declines, in light of the concerns of the US Federal Reserve, which raise the attractiveness of the dollar against high-risk assets.
Only a few digital currencies rose in the midst of a semi-collective decline, while STEPN managed to grab the top spot in the list of green currencies during Monday’s trading.
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You will see now
Since the announcement of the new contract, STEPN GMT has risen by more than 30% in less than three days, as it jumped from $0.47 to $0.612.
It will rise during Monday’s trading within the range of 12%, from $0.548 to $0.612, according to CoinMarketCap data.
Stebin is in the 100th cryptocurrency by market capitalization with $370 million, while the total value of the coin is $3.64 billion.
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what happened?
The coin’s rally comes after news of ASICS teaming up with STEPN to launch a $200 Solana running shoe.
ASICS has announced its collaboration with STEPN to launch the new ASICS x Solana UI collection, while physical shoes can be ordered using USDC on Solana Pay.
And in the details, ASICS, the Japanese manufacturer of sportswear, announced the launch of the ASICS X SOLANA UI Collection.
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The new collection includes the specially designed and limited edition GT-2000 11 running shoes, as well as the chance to win a limited edition ASICS x STEPN GT-2000 NFT.
According to ASICS, the GT-2000 11 will be available for pre-order for a limited time from November 4 to November 8, and will cost $200 USD via Solana Pay.
Customers will receive an ASICS Badge NFT with the purchase of their shoes. This digital attainment will allow owners to access future ASICS rewards and experiences.
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Big move
“The launch of the ASICS x Solana UI suite is a huge step forward for the ASICS Web3 trade,” said Joe Pace, Director of Web3 and Digital Goods at ASICS.
“We’re proud to leverage Solana Pay and partner with STEPN to help us expand our mission to inspire the global Web3 community to create healthy habits with our products,” said Pace.
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Solana, which CoinMarketCap ranks as the 10th largest blockchain by market cap, is a popular competitor to the much larger Ethereum network due to its higher speed and lower cost.
Blockchains have become more competitive since Ethereum completed its long-awaited integration into the Proof-of-Stake consensus algorithm earlier this year.
According to Josh Fried, Head of Payments Business Development at Solana Labs, by using USDC payments on Solana Pay, ASICS is breaking down geographic boundaries to facilitate global transactions and show the progress of Web3 commerce.
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STEPN
Launched in 2021 by app developer FindSatoshi Lab, STEPN is a smartphone app based on Ethereum competitor Solana that allows users to make money by walking, jogging or running.
Users who don’t wear NFT sneakers can earn in-game tokens through activities like walking, jogging, and running, which can then be used to craft new sneakers.
On November 1, FindSatoshi Lab announced the launch of Mooar, a multi-chain NFT marketplace that supports NFTs minted on Solana and Ethereum.
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The market, as decided by GMT token holders, will also be assisted by additional NFTs from both blockchains and will have a dedicated launch pad for the implementation of new works from external artists.
The launch of MOOAR was part of GMTn/USD’s efforts to shift focus away from the failed P2E gaming site. According to Dune Analytics, the number of active clients per month for the “go-to-profit” project is down 88% from May.
Furthermore, STEPN had 83,702 monthly active users at the end of October. Since it peaked in May, the scale has been steadily declining.
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It is mentioned that some currencies involve outrageous fraud and a major deception that may destroy the fortunes of those looking for a foothold in the land of dreams, where they catch up with a currency from its inception, so it may be the new Bitcoin. As it is a highly volatile market with high risks, therefore, you must be very careful when dealing with cryptocurrencies that can make you rich overnight, and may steal your money in moments…
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