ApeCoin, the token underpinning the ecosystem of popular NFT collection Bored Ape Yacht Club, and its upcoming metaverse platform Otherside, has also posted gains of over 16% in the past week.
Currently, APE trades at $5.64 after retracing back from a weekly high of $6.34 recorded yesterday, per data from CoinMarketCap.
Despite a bullish week fueled by the upcoming APE staking launch, the token is down over 80% from its recorded all-time highs of $39.40 in March 2022.
Other widespread gaming-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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