Crypto is bouncing back in 2023: Sweat, ApeCoin, Bancor and Terra Luna
Crypto is bouncing back in 2023: Sweat, ApeCoin, Bancor and Terra Luna

Crypto is bouncing back in 2023: Sweat, ApeCoin, Bancor and Terra Luna

By George Michael Belardinelli - 9 Jan 2023

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Sweat Economy 

Sweat Economy’s price has risen 8.10% since the end of 2022 marking a portentous recovery that is also confirmed in the last 24 hours where the crypto has brought home an additional 1.40% touching 0.0105 Euro.

SWEAT’s all-time high was 0.94 Euro and despite the recovery in this first week of 2023 we are far from those heights to touch where the coin would need to recover another 98.88%.

There are currently 2,049,222,600 SWEAT in circulation and the coin continues to recover ground by following the trend. 

Not only Play-to-Earn but also Move-to-Earn, thanks to Sweat Economy which gives users the opportunity to collect rewards for performing physical activity. 

Sweat Economy is based on the Near chain and rewards its users with SWEAT coins for their physical activity.

SWEAT coins can be used on chain for staking or be exchanged but also give access to rewards such as iPhones, anti-gravity yoga classes, Audible, etc.

Ape Coin

The ERC20 ApeCoin (APE) token, is nothing more than a Governance Token used within the ape ecosystem to take part in the ApeCoin DAO. 

However, the future of ApeCoin will see expansion in the direction of gaming, merch, events and utilities as leaked by insiders and confirmed by the company itself. 

From the second week of December to date, APE (Ape Coin) has been recovering sharply (+14.63%) bringing itself back to a value of €4.35 with yet another positive performance that can also be observed if we look at the last 24 hours (+11.10%). 

The token circulating at the moment is 361,250,000 APE but the token price is 84% below the all time high of €25.75. 

At this stage, the bulls are benefiting from the long correction but if we take into account the current situation which is mostly widespread short, the bearish could take over again and test the $3 level again.

Bancor Network Token (BNT) 

Bancor Network Token (BNT) likes to define itself as. 

“a fully on-chain liquidity protocol that can be implemented on any smart contract-enabled blockchain.”

The Ethereum-based token boasts a value of €0.32861840 currently up 0.68% in the last 7 days and 2.52% in the last 24 hours, with a trading volume of €2,632,923 and a market capitalization of €53,347,484. 

The price of BNT in the past year has dropped 98.49% in value from the all-time high of €22.19. 

Terra Luna

Terra is up 4.93% the last week and almost 4% in the last day bringing itself to €0.000149 Euro, the peak of €111.49 per coin is only a memory now but for Terra Luna, it is certainly not waving the white flag, far from it. 

The outstanding supply is 6,008,634,801,370.936 LUNA but this may change in favor of the value of the token in the near future.

The news about a task force being in the making to retrieve the value of LUNC has stirred the pot and it has been taken very seriously by discerning investors. 

Meanwhile, whales have returned to shopping LUNC precisely because of the strenuous resistance of the community that wants to bring back the value of the Terra Luna ecosystem in 2023.

The second half of last year introduced cost-cutting through a tax burn on chain, which burned 1.2% of all LUNC transactions at the time.

The cut in fees, community resilience, and the creation of a task force are all interventions that drive bullish sentiment, which is also growing due to the gradual decrease in digital currency circulating. 

In continuation with the direction described earlier, Binance, the world’s largest crypto exchange platform has also adopted burning on fees regarding token exchanges. 

George Michael Belardinelli

A former corporate manager at Carifac Spa and later at Veneto Banca Scpa, blogger and Rhumière, over the years he has become passionate about philosophy and the opportunities that innovation and the media make available to us, in particular the metaverse and augmented reality

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