Move To Earn

Is it the end of Move to Earn Apps ??

By cryptohex07 | cryptohex | 2 Sep 2022


 

There were days when Move to Earn apps were having a crazy dream run. #Stepn was the first one that started the trend during the last phase of the Crypto bull market. Many investors rushed in to invest in these apps after #Binance backed up the #Stepn foundation.

But the craze didn't last long especially when the crypto market downtrend started and also after the investors realized that the rewards distribution will be coming as far as the new investors keep increasing and the market cap keeps increasing. The tokenomics are in a way such that the new investor's money will be rewarded to earlier investors in the app. when the liquidity in these apps drained then the prices started dropping drastically.

Below are a few charts of the #Move2Earn apps where the prices have dropped drastically almost more than 10000% downwards. If anyone would have invested at peak price then it would have been a nightmare for them and they would definitely have some peanuts right now left with them.

Below are the top 5 #Move2Earn projects and their price charts.

1. Step N - https://stepn.com/

2. Step App - https://step.app/

3. Genopets - https://www.genopets.me/

4. Move Z - https://www.movez.me/

5. Defit - http://www.defit.io/

 

Is it the end of the #Move2Earn trend ?? comment below what do u think...

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cryptohex07
cryptohex07

Techie with a decade of experience turned into crypto enthusiast.


cryptohex
cryptohex

All about crypto and my day-to-day learnings.

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