It’s a tough time for the crypto market right now, and there’s no quick fix. However, there are some amazing tokens rallying high due to their use cases and recent developments. Have a look:
1. STEPN: STEPN ($GMT) is a move-to-earn cryptocurrency social-fi application based on the Solana network. Move-to-earn is a new concept, but it shares the elements of the play-to-earn model. In play-to-earn models, users receive rewards for playing a game, while move-to-earn projects reward users for maintaining healthier lifestyles. The platform describes itself as a “web3 lifestyle application” that rewards users for exercising regularly by walking, jogging, or running.
The cool nature of the app has drawn support from users around the world, and, as a result, its governance token Green Metaverse Token ($GMT), has been surging over the past few weeks.
$GMT has grown 2,478% since its launch last month. Currently, the token is trading at $2.58, with an 11% gain in the past 24 hours. The token can be traded on platforms such as Binance and KuCoin.
2. Toncoin: The TON Foundation, founded by Telegram-based blockchain project The Open Network (TON), has chosen the TONcoin Fund to serve as its official ecosystem fund. TONcoin announced today the launch of an ecosystem fund to support TON-based projects. A total of $250 million was raised with the help of industry leaders, such as Huobi and Kucoin.
In addition, Cameroon, the Democratic Republic of the Congo, and the Republic of the Congo announced their plans to adopt the TON blockchain during the launch of the TONcoin Fund.
In response to the announcement, investors’ spirits were boosted, which caused the native token, $TON, to increase in value to $1.93. The token was among the few cryptocurrencies which ended the day in the green.
3. Safe: Gnosis Safe, an Ethereum-based platform known for providing fund management services, recently submitted a proposal to establish the safeDAO. Along with that, it launched its native token, $SAFE, which attracted many investors today. There was a buzz on Twitter about where investors could find the token airdrop. The details about the latest developments can be found here.
Currently, the token is trading for $46, up over 10% in the last 24 hours and over 75% in the past week.