If we reflect to past week performance we see that the market is in very uncertain times. After a long red period, since November, there seemed to be hope again in recent weeks. The market looked green again.
Now, however, that hope is gone again for many. In the past two weeks, many crypto currencies showed red movements again and many TA specialists suggest that the bottom has not yet been found. However, other TA specialists again say that we are in the perfect place to start a bounce up. We’ll see. First, let’s take a look at the best performing coins of last week!
STEPN (GMT) – 47.3%
STEPN had another good week. The coin was launched in March and is now at spot 58 in the list of largest crypto coins when you look at market cap, after impressive increases time and time again. This week GMT started at a price of $2.33 and the coin closed the week at a price of $3.41. An increase of 47.3% in other words!
STEPN is a Web3 lifestyle move-to-earn app. This means you have to move, to earn. In the case of STEPN, you have to walk or run. When you buy a STEPN sneaker NFT, you can immediately start walking and thus earning, in the Green Satoshi Token (GST).
ApeCoin (APE) – 35.4%
ApeCoin has also shown in recent weeks that it can show very impressive gains, regardless of the movements of the rest of the market. Like STEPN, ApeCoin launched only last month. ApeCoin started this week at $12.15 and closed the week at a price of $16.46, an increase of 35.4%!
ApeCoin is the coin of Yuga Labs, the company responsible for the Bored Ape Yacht Club, the Mutant Ape Yacht Club and the Bored Ape Kennel Club. What exactly this coin will be used for is not yet known. This will hopefully become clear over the coming period.
Terra (LUNA) – 16.21%
We all know LUNA of course. Last year LUNA proved to be a very strong coin. Lately Terra, the company responsible for LUNA, has been in the news a lot, especially regarding their stablecoin TerraUSD (UST). While the backing first consisted of LUNA, Bitcoin and Avalanche have recently been added.
LUNA is the coin of the Terra blockchain. LUNA is used to create new stablecoins (UST). In addition, LUNA serves as the governance token for the Terra blockchain and by owning LUNA, users can decide on the future of the Terra blockchain.