Move-to-earn applications have continued to gain traction in the markets. Among the market leaders is Sweat Crypto, which has been in the market for years. Despite not being launched, the platform has continued to gain traction with users, and today, it boasts of having over 100 million active users on the platform.
What is “Move-to-Earn”?
The gamification of mundane tasks can greatly impact people and motivate them to do such activities. For example, the move-to-earn concept derives its concept from rewarding people who use their application to exercise.
The concept is a rip-off of the popular play-to-earn that awards users with cryptocurrencies for playing certain games. However, rather than playing games, users of the application are required to go through a physical exercise to earn their awards. The concept taps into the $100 billion fitness industry.
SweatCoin crypto price prediction
The Sweatcoin crypto is not expected to be launched in the markets until next month. However, there is a lot of anticipation, with many cryptocurrency holders looking to trade their earned awards and trade them in exchanges.
Unfortunately, the Sweatcoin crypto will likely be worth a lot when it finally launches. This is because, despite having a huge userbase, the current holders will be looking to covert their earned cryptocurrencies into other assets. This means that, for its over 100 million users, there is already a huge supply of the cryptocurrency.
Therefore, the huge demand means the cryptocurrency launch price is likely to be below a cent. There is also a huge likelihood that after Sweatcoin crypto is launched, its major trend will be bearish. However, this will depend on whether the current cryptocurrency bear market is over. If the bear market will not be over by the time it launches, then expect the prices to trade downward.
However, my bearish price prediction for the Sweatcoin crypto will be invalidated if the global cryptocurrency market trend reverses. At that point, it will be possible to see a huge push to the upside.