Why ApeCoin Traders Should Expect The Next Coming Days To Be Tough For APE
Since its release on May 22 this year, ApeCoin has experienced lots of challenges. To date, its prices have steadily decreased. The difficulties started in the middle of the May–June crypto market meltdown. Although ApeCoin was designed to aid the APE project on its Web3 journey, the token’s price has recently broken to a bearish structure after falling below the $5 support level. If the bearish structure continues to gain ground, does that mean a rally is imminent? As of this writing, APE is trading at $4.72, down 7.6 percent in the last 24 hours, data from Coingecko show,....
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Following one of the largest non-fungible token (NFT) mints in history and after apecoin transactions from the sale fueled Ethereum network fees, apecoin is now integrated with the Polygon (MATIC) network. On May 2, the Apecoin project announced that with Polygon support, APE is now available via MATIC’s 19,000 decentralized applications (dapps) and games. Apecoin Is Now Supported by Polygon, Apecoin DAO Board Member Says Separate Apecoin Network Proposal Would Need to Use the AIP-1 Process Three days ago, Bitcoin.com News reported on the Bored Ape Yacht Club-centric Otherside....
During the last two weeks, statistics show the new crypto asset dedicated to the Bored Ape Yacht Club community (BAYC), apecoin (APE), has climbed more than 50% against the U.S. dollar. A few days ago, apecoin tapped an all-time high at $17.30 per unit and the crypto asset is now the 32nd largest in terms of market capitalization among 13,691 other cryptocurrencies. Data also shows out of the 48,570 APE holders, there’s a large concentration of apecoin whales.
A Large Concentration of Apecoin Whales
The BAYC-infused apecoin (APE) has been a popular crypto project ever....
APE price could see more downside in the coming days as the Otherside hype cools down. ApeCoin (APE) caught its bulls off-guard with APE price losing nearly 40% in just three days.No dutch auctionAPE's price reached its second-highest level, hitting $27.57 on April 28, up more than 2,650% from its mid-March debut.Nonetheless, traders started unwinding their positions after Yuga Labs, the Bored Ape Yacht Club (BAYC) NFT collection's creator, released the details of the mint of its Otherside Metaverse lands, dubbed "Otherdeed."Yuga Labs revealed that the NFT mint would cost a flat 305 APE....
ApeCoin, the most recent and headline-making crypto project that surmounted unbelievable leaps within the first few days of its launch, has begun experiencing a steady low. Regardless of the adoption of APE tokens by whale traders and investors within its first days, ApeCoin has struggled to bounce back to the limelight. The coin experienced a two-digit loss overnight. This is even happening notwithstanding the recent announcement by Times Magazines about the collaboration with the ApeDAO team to integrate APE coin as a payment option. ApeCoin Price Struggling To Rise Again The ETH-based....
Terra (LUNA) woke up to a good day on Wednesday as the token made an impressive 30% jump in its price on the way to tallying a high of $3.08. Terra accounted for 25.06% of the entire token holdings among the top 100 ETH whales LUNA price surged by 30% today and hit $3.08 Bullish momentum is possible and trading price might reach $3.25 The crypto, though, immediately experienced price correction as it is trading at $2.69 at press time according to tracking from Coingecko. Still, Terra is looking at a 5.5% increase for the past seven days and a higher jump of 7.4% for the past two weeks. It....