The past week has been brutal for major cryptocurrencies, wiping nearly $80 billion worth of market value after the Fed surged 75 basis points.
But despite bearish price action in the broader crypto market, gaming-related cryptocurrencies Gods Unchained (GODS) and ApeCoin (APE) have posted double-digit gains in the past week.
GODS, the token that is popular NFT-powered card game Gods unleashedis up more than 20% in the past week, recording a new monthly high of $0.567, per data from CoinMarketCap.
However, in contrast to its bullish weekly performance, GODS is down 5.7% in the past 24 hours and is currently trading at around $0.37.
Unsurprisingly, the price increase of GODS over the past week has been accompanied by an increase in Gods Unchained users.
According to data from DappRadar, Gods Unchained saw a 102.03% increase in total users over the past week. Transaction volumes also grew by 125.97% over the same period.
ApeCoin jumps over the week
ApeCoin, the token that supports the ecosystem of the popular NFT collection Bored Ape Yacht Cluband it’s coming metaverse platform Otherside, also posted gains of over 16% in the past week.
Currently, APE is trading at $5.64 after moving back from a weekly high of $6.34 recorded yesterday, per data from CoinMarketCap.
Despite a bullish week fueled by the coming APE strike launchthe token is down more than 80% from its recorded all-time high of $39.40 in March 2022.
Other widely distributed game-related tokens have also posted solid weekly gains; Guild of Guardians’ GOG token gained nearly 15% last week and GPU rendering network Render’s native token RNDR has also posted modest weekly gains of 8.1%.
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