The past week has been brutal for significant cryptocurrencies, with nearly $80 billion worth of value wiped off the market following the Fed’s 75-basis point hike.
But despite bearish price action in the broader crypto market, gaming-related cryptocurrencies Gods Unchained (GODS) and ApeCoin (APE) have posted double-digit gains over the past week.
GODS, the token powering popular -powered card game , has gained more than 20% over the past week and recorded a new monthly high of $0.567, per data from CoinMarketCap.
However, in contrast to its bullish weekly performance, GODS is down 5.7% over the past 24 hours and currently trades at around $0.37.
Unsurprisingly, the GODS price surge over the past week accompanied an increase in Gods Unchained users.
According to data from DappRadar, Gods Unchained saw a 102.03% jump in its total users over the past week. Transaction volumes have also grown by 125.97% over the same period.
ApeCoin jumps over the 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%.