Why Is STEPN Crypto Down 9% Today?
Popular move-to-earn game STEPN (CRYPTO: GMT) has seen some incredible volatility of late. Over the past week, GMT tokens have traded in a very large band between $0.77 and $1.13, settling down toward the $0.85 level at the time of this writing.
Unfortunately for investors, the recent trend for this project has been negative. Over the past 24 hours as of 4 p.m. ET on Tuesday, STEPN has declined 9.6%.
This decline follows a decision made last week by the development team behind STEPN to introduce a new feature for its game, which is played on an app as users move in real-world space. The introduction of Health Points effectively limits the use of sneakers, which are non-fungible tokens (NFTs) used to earn rewards as users exercise, making it more costly to play this move-to-earn game.
Source Fool.com
