BitcoinBTC and cryptocurrency prices have struggled to maintain momentum after rallying through the first week of July, partly due to some surprisingly bullish data.
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The bitcoin price climbed to over $22,000 per bitcoin—its highest since mid-June—before dropping back amid a sudden wave of optimism. The ethereum price and other top ten cryptocurrencies BNB, XRP, solana, cardano and dogecoin have also stalled.
Despite the grim crypto market, STEPN appears to be lifting itself from the murky waters. The crypto is up 11% on the day and had spiked at as high as 20% setting an intraday high around $0.98 on Binance.
Much of the interest in STEPN stems from the latest developments with the move-to-earn (M2E) ecosystem. The project has been working on an NFT project called APE sneakers. In a tweet posted on Twitter on July 5, the firm gave an update on the APE sneaker drop saying that it was on the second round of “giving away 6 APE Sneakers [over the next] three days.”
Much of the interest in STEPN stems from the latest developments with the move-to-earn (M2E) ecosystem. The project has been working on an NFT project called APE sneakers. In a tweet posted on Twitter on July 5, the firm gave an update on the APE sneaker drop saying that it was on the second round of “giving away 6 APE Sneakers [over the next] three days.”
Now, after crypto billionaire Sam Bankman-Fried issued a dire market crash warning, the crypto prices are braced for what some have called an unpredictable and potentially severe “black swan” event as $3 billion worth of bitcoin could suddenly flood the market.
About The Author
Tony Chimdiuto 
Nsikanabasi Edet