The cryptocurrency market did not fully recover yet. However, there are many tokens that are doing impressive returns in such a short time. Surprisingly, those coins had extensive hype in the crypto community. In this article, we’re going to mention those top 3 cryptos of the week, and talk briefly about what their project stands for. Those big gain cryptos made more than 20% in a single week, and might be worth looking into 😉
Top 3 Cryptos of the Week
#3 Kava (KAVA): +21%
Kava is a decentralized lending platform that seeks to break free from traditional finance. They offer a range of assets to exchange from, and lending & borrowing services. KAVA crypto is native on the Blockchain of the KAVA platform. It is used as a governance token within the whole ecosystem. In turn, users can vote onbitc important projects using this token. Their voting power depends on how many KAVA tokens they have. In addition, KAVA tokens have 3 main functionalities: Security, Staking Assets, and Resort Lender.
#2 StepN (GMT): + 27%
STEPN is a Solana-based move to earn gaming platform where players are required to walk, jog or run to earn tokens. Before you start earning tokens, you need to buy sneakers suited for your preferred physical activity. This game poses as a web3 platform that seeks to inspire healthy lifestyle habits. It does this by giving incentives to people who exercise. According to the official website, STEPN combines Game-Fi and Social-fi elements. Game-Fi is a common element in blockchain gaming because games combine gaming and finances. This combination makes it possible to earn real-world income.
#1 ApeCoin (APE): +42%
ApeCoin is the governance and native cryptocurrency of the APE and BAYC ecosystem. Its design enables it to become the decentralized protocol layer for activities within the community and its ecosystem. It is also an ERC-20 token that developers use to empower and incentivize decentralized community building at the forefront of web3. Token holders govern themselves via the decentralized governance framework controlling the ApeCoin DAO.
Holders of the token can also vote on how to use the DAOs ecosystem funds. Apart from Yuga Labs’ Bored Ape Yacht Club, ApeCoin is also an affiliate of the APE Foundation.
