Step App Shuts Down Amid Cryptocurrency Market Downturn

Move-to-Earn Platform Step App Shuts Down After Four Years

The cryptocurrency market downturn has claimed another victim, as Step App announced it will shut down its services by the end of the month. The decision comes four years after the platform's launch and follows a similar fate for other blockchain-based projects such as Proof of Play.

Step App's governance token, FITFI, has been particularly affected by the shutdown news. As of press time, it was trading at $0.0001624, representing a staggering 99.9% collapse from its all-time high of approximately $0.73 recorded in May 2022.

Despite the sentimental farewell from Step App's team, the market's reaction has been cold. FITFI plummeted 11.38% on the shutdown news, further solidifying its place among the cryptocurrency market's biggest losers.