Play-to-earn (P2E) cryptocurrencies have become increasingly popular, helping to monetize gaming activities. However, move-to-earn (M2E) cryptocurrencies is a rising niche, with the increasing emergence of projects promoting physical activity by offering crypto rewards.
Gamers loved earning free Bitcoin – or native tokens that could be converted into BTC – and the ‘move-to-earn’ crypto trend opened up that way to invest even more, now to fitness enthusiasts. Unfortunately, many move-to-earn crypto coins have crashed in value in 2022, with people already describing M2E as a crypto bubble.
Crypto experts have waded into the situation to identify reliable M2E projects – upcoming and existing, to help investors identify the one that may perform well in 2022, thanks to better tokenomics. The guide offers a list of some of the biggest names in move-to-earn cryptocurrency in no particular order.
Top Move to Earn (M2E) Crypto List
The guide picks six of the native coins of some new move-to-earn crypto projects early in their roadmap as alternatives to the bigger names that have already “pumped,” that is, had a bull cycle.
– WINGSFIT- Top Move-To-Earn Crypto Project
– Battle Infinity- M2E Metaverse Platform
– STEPN – Move-to-Earn Lifestyle App
– Step App – FitFi Cryptocurrency Project
– Dotmoovs – Sports-Based M2E Cryptocurrency
– Genopets – NFT Avatars Representing a Player’s Performance
Best Move to Earn Crypto Game Apps and Coins – Reviews
Other than the two brand-new projects, the M2E crypto list is also in order by market capitalization – although move-to-earn is a relatively new niche and only the top four move-to-earn crypto projects on CoinGecko so far have a market cap over $10 million.
1. WINGSFIT – Top Move-To-Earn Crypto Project
WINGSFIT is an exciting new cryptocurrency project, is a move-to-earn metaverse platform designed to allow users to earn in-game rewards and leverage NFT protocols.
WINGSFIT is a Web3 lifestyle app poised to become the next big move to earning apps. With sedentary lifestyles growing, the app aims to help people go outside and work on their fitness. The platform has inbuilt Game-Fi, Sport-Fi, and Social-Fi elements and is powered by the leading technology in the metaverse, augmented reality, and blockchain.
Users can rent sneakers NFT or own a sneaker NFT to start making money. WINGSFIT’s rental system enables users to make money without having to make a significant initial investment. In order to keep people persevering, each user is equipped with a free character in the app. In addition to buying sneaker NFTs, players can rent or buy clothes, as well as NFT gear such as pants, to enhance the character’s abilities and ultimately earn more tokens.
Wings Token (WST) has launched the beta sale phase of its presale, which will run until December 12, 2022, at a discounted price.
2. Battle Infinity – M2E Metaverse Platform
This sports metaverse P2E game has witnessed a surge in demand since the presale, raising 16,500 worth of BNB in only 24 days.
Battle Infinity is the ecosystem of six P2E environments where users can play sports games and compete, mint avatars, or stake their coins for high rewards.
Battle Infinity recently launched the staking program, and as of now, $4 million is locked up, which decreases the circulating supply and increases the token price.
Stakers can earn between 12% to 25% APY on the staking protocol.
3. STEPN – Move-to-Earn Lifestyle App
STEPN is a unique move-to-earn cryptocurrency project built on the Solana blockchain. Categorized as a ‘Web3 lifestyle app,’ STEPN provides a fitness app that allows players to earn in-game rewards by walking, jogging, or running.
On STEPN, players are required to purchase NFT sneakers – which vary in price depending on their characteristics, rarity, and other attributes. Described as “one of the best NFT games to play,” STEPN aims to promote a healthier lifestyle for millions of people by incentivizing monetary rewards.
The platform’s main governance token is GMT (Green Metaverse Token), which can be used to access premium content and customization options. Notably, the NFT sneakers level up as and when players physically move and are tracked with a GPS. The platform also incorporated the moonwalking technique, ensuring that the player is properly monitored throughout their move goal.
As players reach level 30 or higher, GMT tokens can be accessed and can also be swapped with USDC. GMT has a circulating supply of 600 million tokens, representing 10% of the total supply.
4. Step App – FitFi Cryptocurrency Project
One of StepN’s main competitors in the move to earn apps niche is the similarly named Step App, with its own native token FITFI. GMT had the first mover advantage, launching on Binance on March 9th, 2022. However, FITFI also performed well at first, launching on Crypto.com on April 27th.
FITFI then crashed however in mid-2022, a phenomenon attributable to all altcoins following the collapse of LUNA and UST that rocked the crypto market and then Celsius’ bankruptcy as well as fears over the company being liquidated with a large BTC and ETH position sending Bitcoin down to $17,600 and Ethereum down to $880.
A good number of crypto enthusiasts would see the current low FITFI price as a potential buy-the-dip opportunity, and it may be forming a rounded bottom. However, more conservative investors might want to wait for a clearer flip in market structure and a new bullish uptrend on the monthly chart.
In late July 2022, news broke that Step App signed a partnership with world record-holding athlete Usain Bolt, the fastest man in the world. That could be bullish for the FITFI price in the long term if Bolt’s brand recognition helps this move to earn app pick up a wider user base.
5. Dotmoovs – Sports-Based M2E Cryptocurrency
Dotmoovs is far different from the aforementioned move2earn apps, as it focuses on football and dancing. It is designed to match players in PvP battles, with users recording videos of themselves playing games such as Freestyle football 2 meters away. A combination of an AI system, a computer vision algorithm, an arbitration engine, and a scoring algorithm works as the referee and dictates the winner of each battle.
Dotmoov matches players and requires both to perform a specific task, with the combination of algorithms choosing the winner. There is also a wagering system for the pro players.
Dotmoov features premium NFTs that can be collected and sold in the marketplace as well as supports renting. It is powered by the MOOV token, which is earned by completing challenges, betting against other players, and reaching specific milestones.
6. Genopets – NFT Avatars Representing a Player’s Performance
Genopets stands as the most unique move-to-earn project on the list. It combines the Move-to-Earn and Play-to-Earn models through role-playing games (RPG) to reward users for playing games, exercising, and taking care of their NFT “pets”.
Genopets’ free-to-play business model enables users to make money without having to make a significant initial investment, enabling them to mint and sell NFTs. The dual token system is also used in Genopets. The first token is GENE, which serves as the platform’s governance token, and the second is KI, an in-game token that can be used to make in-game purchases and grant rewards.
The ecosystem immerses users in a gamified experience where they nurture, combat, and grow digital creatures, encouraging them to take better care of their minds and bodies. The idea makes it possible to generate additional income through in-game sales of various NFTs like habitats and crystals as well as in-game revenues in the form of $KI.
Factors to Consider When Investing in Move to Earn Crypto Coins
There are factors to consider for investors looking to make their way into the M2E crypto space to avoid burning their fingers.
Are Move-to-Earn Crypto Projects a Good Investment?
M2E cryptocurrency projects are not a well-established niche. However, a high-risk, high-reward element is involved when investing in this space. Some of the best M2E projects also offer tokens at a low price. A typical example is WINGSFIT, one of the cheapest cryptocurrencies to buy at current levels. However, investors with a high-risk appetite may want to invest in such cryptocurrencies for the long term.
Diversifying in the best M2E projects may lead to significant upwards movement. Moreover, the move-to-earn cryptocurrency movement may also appeal to investors with Web3 and blockchain technology development. It is estimated that the metaverse may have a market cap of $5 trillion by 2030. Long-term investors will also look to benefit from the start of the incorporation of AI-based technologies via crypto protocols.
Metaverse Integration
Crypto projects with the most staying power tend to have their own metaverse platform – industry leaders in that sector include Decentraland and The Sandbox. Therefore, it is not surprising that the top picks on the list – WINGSFIT and Battle Infinity also have metaverse plans.
How to Buy Move to Earn Crypto?
The first step to acquiring the top move to earn cryptos on the list is downloading and setting up a MetaMask wallet or a Trust Wallet as they are not yet listed on major exchanges.
Follow these steps to buy Wings Token (WST):
– Download a free crypto wallet at MetaMask.io
– Load that wallet with BNB
– Visit the WINGSFIT presale at buy.wingsfit.com
– Click ‘Buy’ and choose a crypto to swap for WST
– Join the WINGSFIT Telegram group to stay updated
Conclusion
Move-to-earn is one of the newest areas of cryptocurrency and has attracted a lot of attention – although many move-to-earn crypto apps and their native tokens have underperformed in 2022. Some move-to-earn crypto coins also faced issues due to their infinite supply, inflation rate, and other tokenomics-related challenges. Many also became overvalued initially after their first hype cycle, with GMT for instance, rising from under 10 cents to over $4 within the space of eight weeks – and a retracement was to be expected.
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