In a context of falling major stock indices, the crypto market is also plunging at the start of the week. Despite this, some projects may prove more competitive than others . Notably because they were the week’s main losers and could therefore outperform the market from a short-term perspective.
1 – LuckyBlock (LBLOCK)
The LuckyBlock project revolves around lottery games , offering a different business model from the players present on the market. Thanks to a protocol entirely hosted on the blockchain, the project guarantees greater draw transparency for all users.
But this is not the only advantage of using blockchain technology for this kind of project. Indeed, the blockchain also allows players from all over the world to participate in the same draw. In addition, the low costs of use that it generates makes it possible to better remunerate the winners of each jackpot .
If the project has made good progress since its launch on the platforms last February, it will pass a new milestone in a few days. With the launch of a daily jackpot and a draw for NFT owners, LuckyBlock intends to reach a new milestone. In its protocol, which is inspired by traditional lotteries, LuckyBlock donates 10% of the amount of each jackpot to charities such as the Red Cross. The gaming platform also allows token holders to pocket 10% of winnings, which encourages investors to keep the token in their portfolio.
Despite a fall in the price for several weeks, the LBLOCK token is still holding today at a price 10 times higher than the price observed during the presale ($0.00015). Proof of a still very present enthusiasm on the part of early investors.
Learn more about Lucky Block:
- Current Price: $0.00124
- Marketcap: $52.6 million
2 – Apecoin (APE)
The APE token is the native token of the Apecoin project. It is the cryptocurrency of Yuga Labs , notably known for being the creator of collections like Bored Ape Yacht Club. A few weeks ago, Yuga Labs was once again in the news following the acquisition of the NFT CryptoPunks collection, the second most purchased in history. While the token launched with a bang, it just had a tougher week, driven by a drifting crypto market over the weekend.
42% loss over the last 7 days. These are the figures of the Apecoin project and its APE token. However, the price of Apecoin (APE) was able (briefly) to benefit from the Elon Musk effect in the middle of the week. By changing his avatar on the social network Twitter for a BAYC monkey, Elon Musk caused a rise of nearly 20% in the price. A rise quickly corrected by the massive resale of the token.
Learn more about Apecoin:
- Current price: $8.82
- Marketcap: $2.5 billion
3 – Stepn (GMT)
Stepn is alongside the Apecoin project, one of the “hits” of the moment. This “Play to Earn” type project allows users to earn money while on the move. But for that, it is still necessary to acquire sneakers, sold on the application in Solana tokens.
The shoes used allow you to collect rewards in GMT tokens. Thanks to these tokens, you will be able to improve your shoes in particular to make them more efficient or even more durable. In the coming months, the platform intends to offer rental shoes for players around the world. No one doubts that this feature should help increase enthusiasm and expand the community around Stepn.
While Apecoin has posted the biggest drop in the top 100 in the past 7 days, the project is closely followed by Stepn which has recorded a decline of 38% over the past week. On Friday alone, the token slipped by more than 25%. A price level that could therefore constitute an interesting entry point from a short to medium term perspective. Compared to its all-time high, the GMT token is down nearly 50%.
To learn more about the GMT token:
- Current price: $1.89
- Marketcap: $1.3 billion
If you want to trade these digital assets, platforms like Crypto.com or eToro can allow you to do so under good conditions.