The global crypto market cap added $140 billion, spiking 6.3% to close the week above a two-month peak of $2.35 trillion.

Bitcoin (BTC) championed the recovery, breaking past $68,000 and sparking a strong rally across the altcoin market.

Here are some of the assets that leveraged this rebound campaign and how they performed:

DOGE records seven straight intraday gains

Dogecoin (DOGE) was one of the biggest beneficiaries of the market recovery last week, recording seven consecutive days of gains throughout the week.

The dog-themed meme coin closed the week at a four-month high of $0.144, having gained 27%. This marked Dogecoin’s best weekly performance since late February during the broader meme coin market rally.

However, the latest uptrend has faced a roadblock, following a spike in the Dogecoin CCI to 247. If this week introduces bearish pressure, DOGE would need to hold above $0.137 to avoid the 20-day SMA support at $0.116.

APE spikes 54% on mainnet launch

Despite underperforming throughout last week, ApeCoin (APE) engineered a last-minute rally that saw it close the week at $0.87 amid a 20% gain. 

This upsurge was mainly due to the mainnet launch of ApeChain, the project’s blockchain, yesterday. 

After breaching $0.92, APE faced major resistance at the upper Bollinger Band yesterday. However, the uptrend resumed in the new week, with APE surging 54% to breach the $1 mark for the first time in four months.

Meanwhile, its RSI has crossed into overbought territories at 85. This position suggests the rally might face exhaustion without renewed buying pressure. A drop below $1 could lead to steeper declines.

DIA hits 32-month peak

DIA (DIA) began the week bearish, but recovered to outperform most assets. After a mixed performance, DIA spiked by a massive 42% on Oct. 17, reclaiming $1 for the first time in two years.

Following an 8% correction the next day, DIA resumed the uptrend, gaining by another 14% on Oct. 19. This allowed it to close the week with a 44% gain, trading at a high last seen 32 months ago. Its monthly volume has spiked to 716 million DIA, the highest in history. 

Meanwhile, the token’s +DI has spiked to 40.28, confirming immense bullish momentum. The ADX at 50.19 suggests that the push is especially strong. However, this could also indicate an overextension of the rally, with a correction looming.

Earlier this week, the ApeCoin decentralized autonomous organization initiated a proposal to launch an APE-themed hotel in central Bangkok.

More than 91% of the votes are for the proposal, signaling strong support for the hotel’s opening.

Voting for the ApeCoin (APE) hotel, initially named AIP-448, started on July 18.

At press time, 4.6 million APE had voted “yes,” while 411 thousand APE had voted against the launch. The naysayers represent 8.16% of the total votes cast. 

AIP-448 will reportedly merge intellectual property applications, the hospitality sector, the arts, and cryptocurrency. The proposed hotel reportedly plans to offer a diverse range of ApeCoin-themed attractions and amenities. 

The establishment could feature ApeCoin-centric exhibitions, an APE-themed bar, and a variety of rooms decorated to represent different APE communities.

Additionally, it could include an APE-branded swimming pool and a dedicated area for exhibitions.

ApeCoin Hotel seeks 410,000 APE from the ApeCoin ecosystem fund to see the proposal through, and voting concludes on July 31.

ApeCoin hotel benefits

According to the DAO, the ApeCoin Hotel aims to promote ApeCoin, ApeChain, and various APE communities comprehensively. The DAO stated that the venture intends to provide numerous benefits to members of the APE community.

The DAO proposed that 50% of the revenue generated from themed rooms be directed to the ApeCoin DAO treasury for one year. Secondly, the hotel could accept ApeCoin as a payment method, which proponents claim would demonstrate the cryptocurrency’s real-world utility and potentially boost its circulation.

The hotel project also plans to incorporate various community-centric initiatives. These may include offering 50 complimentary nights of accommodation to APE holders and providing free access to certain hotel facilities for community members.

Moreover, the proposal has outlined a unique check-in process for ApeCoin holders at a themed hotel. Guests would reportedly need to verify their ApeCoin Forum membership and wallet balance at the front desk.

Guests are encouraged to share their experiences on X. Those seeking free stays would be required to post about their visit, including photos and positive feedback, to receive cashback.