ApeCoin fell 30.3% in 3 weeks

Against the background of the global downtrend, many assets, and in particular gaming-related tokens, suffered from the bear market. The ApeCoin token from the creators of the legendary Bored Ape Yacht Club was no exception. ApeCoin was able to lose over 30% of its value in less than a month.

The peak value of the quote for the last 30 days was recorded on September 27. Then the cost of ApeCoin was $5.79. The token reached its minimum value in recent times on October 21st. Then the cost of the coin was $4.04, which means a drop of 30.3%. In terms of market capitalization, ApeCoin had a turnover of $1,770,000,000+ at its peak in the last month. The lowest figure was $1,240,000,000+.

To date, the state of the token has stabilized a bit. Since the lowest point, the crypto token has gained 14.7% of its value and the quotes are equal to $4.68, and the market capitalization now exceeds $1,440,000,000.

As for other coins from the NFT sphere, it is worth mentioning the well-known Axie Infinity project. On October 6, the cost of the coin was $13.01, and now the owners of this asset have coins at the rate of $9.08, which is 31% less. Market capitalization dropped from $1,080,000,000+ to $866,000,000+, down 20%.

We previously revealed that the developers of Axie Infinity will be holding a 10,000 AXS giveaway between the top 20,000 players in celebration of Halloween. You can read about it in our previous article.

Another token that deserves mention among the top losers is Chiliz (CHZ). On September 27, its value was $0.2639, and the minimum value was reached on the same October 21 as the rest of the coins. Then Chiliz quotes were equal to $0.1666, which indicates a loss in asset value by 36.9%. The market cap then dropped from $1,580,000,000+ to $997,930,000+. Now Chiliz is doing better, just like in the case of other coins and tokens. CHZ is up 19.9% to $0.199, while market capitalization is up 20.3% to over $1,200,000,000 in circulation.

If we talk about unpopular coins, then over the past month, the Sweat Economy crypto asset has the largest losses. SWEAT holders lost 70.7% of the money they had in the form of this token in a relatively short period of time. But one of the leaders in holding positions in the field of NFT can be safely called Ethernity (ERN). Against the backdrop of a downtrend, the coin decided to go against the system and, unlike its peers, gained more than 86% in value. From $1.56, the token reached $4.21, and now ERN owners have a coin with a value of $2.57 in their wallets. Thus, we see that the bear market does not negatively affect all market participants.