Cryptocurrencies
STEPN and Moonbeam Provide Great Benefits in the Last Week
Traders have been having a great time trading cryptocurrencies. The crypto market has turned many people into billionaires in less than a year.
Many cryptocurrencies are soaring and reaping over 1000% growth in price, last week STEPN and Moonbeam investors were the happiest investors so far.
Polkadot parachains by TVL:
1. Astar with $1.45b
2. Parallel with $722m
3. Moonriver with $432m
4. Moonbeam with $133m
5. Karura with $48mTotal: $2.32b$DOT $ASTR $PARA $MOVR $GLMR $KAR pic.twitter.com/DLDatT1Ki8
— Polkadot Hub (@polkadot_hub) April 4, 2022
31,000% Gains – STEPN
Since its token sales were conducted on Binance Launchpad on March 2nd, 2022, the move-to-earn token STEPN’s Green Metaverse Token (GMT) has gained 31,000% in profits.
Anyone who has invested as little as $100 in the GMT token during its public sale would have made over $30,000 as of April 1st when the token traded at an all-time high of $3.11.
There are some reasons why the GMT token has experienced a price boom since March. The first reason happens to be because of the increasing hype and buzz on the internet for move-to-earn. The nature of the move-to-earn space seems to be on the lips of the entire crypto community. Secondly, earlier last week it was reported that a member of STEPN’s team gave the public a hint about an upcoming partnership between the company and popular sports brands like Adidas, Nike, ASICS, Head, and also Binance.
About STEPN
STEPN is a move-to-earn cryptocurrency social-fi application built on the Solana network. The platform is described as a “web3 lifestyle app” that rewards users for maintaining a healthy lifestyle through walking, jogging, or running.
Since its launch in December 2021, STEPN has seen tremendous growth, with the number of daily active users on the platform
96% in 7 days – Moonbeam
Another altcoin to be watched is Moonbeam (GLMR). The cryptocurrency has experienced gains of over 105% in the last 14 days and is still continuing its bull run as it has gained 23.47% in the last 24 hours and is currently selling at about $5.64.
There has been no dramatic reason attributed to the continuous rise of this cryptocurrency other than the fact that the project is giving price predictions to its community. The majority of analysts believe that the current Moonbeam price hike will gather momentum over the coming days in the month of April. They forecast that the price could easily hit $8 by mid-April.
Polkadot parachains by TVL:
1. Astar with $1.45b
2. Parallel with $722m
3. Moonriver with $432m
4. Moonbeam with $133m
5. Karura with $48mTotal: $2.32b$DOT $ASTR $PARA $MOVR $GLMR $KAR pic.twitter.com/DLDatT1Ki8
— Polkadot Hub (@polkadot_hub) April 4, 2022
About Moonbeam
Moonbeam is an Ethereum-compatible smart contract parachain on the Polkadot blockchain. Its main objective is to make it easy for developers to use popular Ethereum developer tools in building and redeploying Solidity projects in a substrate-based environment.
