Sweatcoin, also called sweat economy, has the SWEAT token as its native token. Based on Ethereum (ETH) and Near Protocol (NEAR) blockchains, rewards users with coins through the mobile fitness app who register themselves and exercise.
At the end of 2022, besides Sweat Wallet the system has plans to install NFTs and the ability to purchase SWEAT directly with fiat currency. According to the lightpaper for this crypto, "the open economy of movement" is the underlying concept behind the token.
Creating a healthier and more active world is the aim of the app, which encourages physical activity to lower global carbon footprints.
The circulating supply of Sweat Economy (SWEAT) is 2.05B SWEAT with the maximum supply unknown as per CoinMarketCap. SWEAT can be traded on top cryptocurrency exchanges including Bitfinex, Kucoin, Gate.io, FTX.
Sweat Economy (SWEAT) Price Prediction 2022
SWEAT price swung from $0.0754 resistance2 to $0.0659 resistance1 after touching support level of $0.0568. After reversing from the support level of $0.0568, the market is going sideways and is expected to remain bullish for the foreseeable future.
In the meantime, we predict a bullish longer-term for Sweat Economy (SWEAT) price for 2022 since it won't break the present support level anytime soon. We can expect SWEAT to reach $0.1 in 2022.