Apecoin (APE) and the Green Metaverse Token (GMT) show the best performances of the week. While the Yuga Labs coin has seen growth of 39.37% over the past seven days, the GMT, embedded in the Move to Earn STEPN app, has “pumped” 34% over the same period. The two NFTs coins, launched less than eight weeks ago, thus achieved a meteoric breakthrough. And this, in a rather gloomy context for Bitcoin and Ethereum, which drop by almost 8%.
Apecoin boosted two days before Otherside launch
Following the announcement of the launch of the Otherside metaverse, Apecoin hit a new all-time high at $22.10 on Thursday. The APE price is also benefiting from the rumor that, in addition to fueling transactions on Otherside, it will also enable the purchase of 200,000 plots of land in this highly anticipated metaverse.
The NFT coin of Yuga Labs, at the origin of the collection of NFTs Bored Ape Yacht Club, thus climbs to the 25ᵉ rank of capitalization. The official launch of Otherside is scheduled for this Saturday, April 30, until then, Apecoin is one to watch closely.
The GMT continues its breakthrough
Another big winner of the week, the Green Metaverse Token (GMT), used on the Move to Earn (M2E) STEPN application, is showing growth of 34% this week. Like Apecoin, GMT reached its ATH on Thursday, trading at $4.11. The runaway success of the STEPN app once again this week catalyzes the GMT that users can acquire through exercise.
Both coin NFTs appear to have decoupled from BTC and ETH, both in the red this week. They both trade in USDT for the most part. It would seem, for now, that 2022 will be the year of NFTs coins, which we have seen outperform since the beginning of the year!