In April, the cryptocurrency market experienced significant consolidation, with some large-volume coins falling from their 2022 highs. However, its total market capitalization decreased to approximately $400 billion. However, it seems that the 2 metaverse coins are closing the gap with BTC and ETH at an increasing rate.
These 2 metaverse coins outperform BTC and ETH
Bitcoin, which previously reclaimed $40,000, is now trading below $38,000 once again. It remains a strong resistance level as the bears continue to erase gains and lead the leading crypto to decline. If the investor mood remains negative and no new money enters the market, we could see the price of Bitcoin testing $35,000 very soon, according to analyst Nihdi Kolhapur. At the time of writing, BTC price is trading at $38,010.36, down 1.6% over the past 24 hours and down 3.74% from last week.
Cryptocurrency market welcomes new trends
Investors have discovered smaller tokens as larger cryptocurrencies like Bitcoin and Ethereum have dropped around 18% over the month. ApeCoin (APE) and STEPN (GMT), both of which are newcomers to the top 100 cryptocurrencies, were outstanding performers making their way into the top 50 cryptos recently.
ApeCoin (APE):
STEPN (GMT):
On Cryptokoin.com news As we’ve covered, Solana-based STEPN was by far the biggest performer in April, rising more than 90% as markets welcome a new partnership with running shoe maker ASICs. Binance and Coinbase recently listed STEPN’s ground cryptocurrency GMT on their platforms. Additionally, OpenSea, an NFT marketplace, has launched support for STEPN’s shoe NFTs, a key part of the project.
Most of ApeCoin’s gains have been made in the last two weeks, as widely anticipated for Otherside, the new metaverse from inventor Yuga Labs. In the past two weeks, the token has roughly doubled and has risen nearly 65 percent in April. “Otherside” will start selling virtual land at a predetermined price of 305 ApecCoins per plot. The demand for the token was so great that Binance had to suspend APE token operations due to supply shortages.
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