As STEPN turns one, GMT has nothing better to do but celebrate with the bears

STEPN [GMT] simply celebrated its first yr within the crypto business as of two September. The play-to-earn sensation brought on lots of uproar within the early months of 2022. However the onset of the bear market shed off any short-term aid for the GameFi platform and its GMT token.

At present, STEPN is struggling to remain afloat, and GMT continues to face the bearish headwinds. Nonetheless, STEPN has established itself as a novel addition to the crypto business with its “stroll to earn” schedule.

A gaming factor

“It’s A Motion” encompasses STEPN’s deep dedication to 5 key pillars that outline STEPN for what it’s – a revolutionary motion!” There’s rising enthusiasm within the crypto group owing to the advantages of STEPN’s advantages.

The platform focuses on constructing a wholesome consumer group with underlying emphasis on bodily, psychological and social elements at hand. In game-fying health, STEPN is trying to create a group to alleviate from these components in being as wholesome as ever.

“On the core of our enterprise mannequin, this implies establishing an economic system that rewards customers for motion and valorises wholesome habits — serving to customers uncover monetary freedom in motion.”

STEPN additionally launched their very own DEX, known as DOOAR, to additional incentivise customers with GMT holdings. One other major intention at current is to channel cash into the STEPN ecosystem.

It’s a BEAR occasion

Nonetheless, as lined earlier, each day customers on STEPN stay stagnant. Whereas current customers nonetheless dominate the development, the brand new customers chart barely noticed any important progress.

As proven beneath, the social quantity for STEPN can also be displaying regarding indicators. It has remained at low ranges all through August with no main information popping out of the ecosystem lately.

This additionally indicated a shedding curiosity from the group as they point out the bearish indicators of the market.

Supply: Santiment

The place will STEPN head from right here with the GMT token additionally struggling out there? The GMT token was buying and selling at $0.676 at press time with over 2.15% in weekly losses.