Cryptocurrency markets experienced downward pressure last week due to ongoing concerns about a potential trade war between the United States and its major trading partners.

Top Cryptocurrencies to Watch This Week

This week, several cryptocurrencies are expected to make significant movements, including Tapswap, Aptos, and Berachain.

Tapswap (TAPS)

Tapswap, a popular Telegram tap-to-earn game, is set to launch its token generation event or airdrop on February 14. This highly anticipated event has been postponed several times in the past, making it a crucial moment for the cryptocurrency. With over 70 million players at its peak, many participants are expected to cash out when the token becomes available on exchanges.

Tapswap has taken steps to ensure the long-term success of the TAPS token, including the development of a skills game to increase utility. The project has also launched a competition with a $1 million prize pool. Unlike other tap-to-earn games, Tapswap will launch on the BNB Chain, which offers faster, more scalable, and more user-friendly experience.

“$TAPS will be launching on BNB Chain, that’s official now!” – Tapswap

Aptos (APT)

Aptos, a popular layer-2 network, will continue its token unlocks on Monday, releasing tokens worth $66 million or 1.98% of the float. This comes as the APT price continues to fall, dropping to a low of $4.46 last week, its lowest level since August 5. Despite this, the token has formed a double-bottom pattern, which is a highly popular reversal sign.

As long as the token remains above the double-bottom at $4.46, the bullish view is expected to continue. Some key points to watch for Aptos include:

  • Token unlocks: Aptos will unlock tokens worth $66 million or 1.98% of the float.
  • Price action: The APT price continues to fall, but the double-bottom pattern suggests a potential reversal.
  • Ichimoku cloud: The token has moved below the 50-day moving average and the ichimoku cloud.

Berachain (BERA)

Berachain, a cryptocurrency inspired by the cannabis-smoking bear NFT, is another top cryptocurrency to watch this week. After launching its highly anticipated airdrop, the BERA token initially surged to a high of $15.45 before crashing to $6.

Despite this, Berachain has some highly bullish fundamentals, including a total value locked of $1.85 billion, higher than popular chains like Avalanche and Cardano. Some key points to watch for Berachain include:

  • Airdrop performance: The BERA token price will be in focus as traders watch its performance after the airdrop.
  • Total value locked: Berachain has a total value locked of $1.85 billion, higher than popular chains like Avalanche and Cardano.
  • Ecosystem dApps: Some of Berachain’s biggest ecosystem dApps include Kodiak, Concrete, Beraborrow, and SatLayer.

For more news and updates on the cryptocurrency market, visit Global Crypto News.

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