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 (BERA).
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.
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
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.
Berachain
Berachain 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.
