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crypto.news 2025-02-09 15:45:00

Cryptocurrencies to watch this week: Aptos, Tapswap, Arbitrum

Cryptocurrency prices remained under pressure last week as concerns about a trade war between the United States and its top trading partners remained. Bitcoin ( BTC ) wavered between $95,000 and $100,000, while the crypto fear and greed index moved to the fear zone. Let’s explore some of the top cryptocurrencies to watch next week, including Tapswap, Aptos ( APT ), and Berachain. Tapswap Tapswap, the popular Telegram tap-to-earn game, will be in the spotlight as it launches its token generation event or the airdrop on February 14. This will be a notable event because it has been postponed several times in the past. It will also be a crucial airdrop because Tapswap had over 70 million players at its peak. GRAND NEWS 🤖🔥 $TAPS will be launching on BNB Chain, that’s official now! Here is a thread on why this is a game-changer for @tapswapai and future $TAPS holders 🧵 pic.twitter.com/zagURy2NuL — tapswap (@tapswapai) February 7, 2025 As such, many participants will want to cash out when the token becomes available on exchanges. Besides, other tap-to-earn tokens like Notcoin ( NOT ), Hamster Kombat ( HMSTR ), and Catizen ( CATI ) have crashed after their airdrop. Tapswap has worked to ensure that the TAPS token does well in the long term. For example, the developers are working on a skills game that it hopes will give it more utility. They have also launched a competition with a $1 million prize pool. Unlike other tap-to-earn games, Tapswap will launch on the BNB Chain, which is faster, scalable, and has millions of users. Aptos APT chart | Source: crypto.news Aptos ( APT ), the popular layer-2 network, will be in focus this week as it continues its token unlocks on Monday. It will unlock tokens worth $66 million or 1.98% of the float. It has already unlocked about 44% of the 1 billion APT tokens. These unlocks come as the APT price continues falling. It dropped to a low of $4.46 last week, its lowest level since August 5, and 71% below its highest level in December. This crash makes it one of the worst-performing tokens in crypto. It has moved below the 50-day moving average and the ichimoku cloud. On the positive side, the token has formed a double-bottom pattern whose lower side is $4.46, and whose neckline is at $15.30. A double-bottom is a highly popular reversal sign, meaning that the token may bounce back later this year. This bullish view will continue as long as it is above the double-bottom at $4.46. You might also like: Solana defends crucial support as Popcat, Fartcoin rise Berachain BERA DeFi TVL | Source: DeFi Llama Berachain ( BERA ) is another top cryptocurrency to watch, a week after it launched its highly anticipated airdrop . The BERA token, inspired by the cannabis-smoking bear NFT, initially surged to a high of $15.45 and has then crashed to $6. This is a similar price action to other recently launched airdrops. For example, Wormhole price has dropped by 90% from its post-airdrop high, while Hamster Kombat and Catizen have fallen by almost 100%. Therefore, Berachain price will be in focus as traders watch its performance. Besides, it has some highly bullish fundamentals, with a total value locked of $1.85 billion, higher than popular chains like Avalanche and Cardano. Some of its biggest ecosystem dApps are Kodiak, Concrete, Beraborrow, and SatLayer. You might also like: CAKE rebounds as PancakeSwap flips Raydium, Uniswap

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