ApeCoin Q2 Slump Continues: Is There A Silver Lining Ahead?

ApeCoin (APE) has experienced a notable slump throughout the second quarter of this year. As the digital currency landscape continues to evolve, investors and enthusiasts have been closely monitoring the token’s performance, eagerly awaiting signs of a potential turnaround.  With concerns mounting, many are left wondering: is there a silver lining ahead for ApeCoin, or [...]

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ApeCoin Performance Could Attract The Whales – How About The Bulls?

ApeCoin has recently made it to the top 10 in terms of trading volume from over 100 of the largest ETH whales as seen in the past 24 hours. APE made it to the top 10 in terms of trading volume ApeCoin’s MRV has been seeing sustained growth APE price up by 1.46% The Bored Ape Yacht Club isn’t running out of cards to play with the integration of a new staking rewards program that caught the attention of many ETH whales. The developments surrounding the BAYC token could be the main culprit for its recent popularity. The buoyancy experienced with the increase in whale interest is just one of the many impressive developments happening for APE. Related Reading: QUANT Basks In Green As QNT Coin Surges 35% On 7-Day Rally ApeCoin Bullish Technical Indicators For one, ApeCoin’s MRV has been seeing sustained growth and doing tremendously well over the past month. With all of these positive indicators flashing, investors will see this as a bullish streak for APE. Additionally, APE’s market capitalization has also surged from $1.46 billion to as much as $1.65 billion as of this writing. According to CoinMarketCap, the APE price has skyrocketed by 1.46% or trading at $5.40 as of this writing. However, APE’s trading volume has seen a massive reduction from 590.45 million to 141.08 million. ApeCoin also registered a drop in terms of activity which shows the limited wallet transactions. Based on this scenario, the APE price could sink below the $5.135 key support line in the coming days. Moreover, the altcoin’s RSI at 39.64 and CMF at -0.03 also demonstrate a bearish movement. Based on the APE chart, there really isn’t much traction noted since its launch in March. Notably, APE has plunged by as much as 80% from its ATH with NFT demand going down; the demand for APE also dwindled down. There is really so much going on in the NFT market that is causing the sideways motion of ApeCoin. BAYC Innovates With Rewards Staking Program If there’s one thing really impressive about the BAYC, it is the creators who continuously reinvent themselves and innovate their brand to be more relevant to their target market. Its staking rewards program is one of its huge developments so far. With a rewards staking program, the crypto is locked up for a certain period at which you’re not allowed to trade it but it generates passive income for you as the owner. By letting someone gain access to your crypto for a prescribed time, you earn rewards. Staking rewards are extremely popular with investors because you gain more revenue by staking your altcoin especially if it’s relatively going up in value. The sneak peeks of the ApeCoin rewards staking program were rolled out on September 3. Recently, on September 22, Apecoin revealed that the rewards staking program will go live on October 31. Related Reading: Bitcoin Notches Highest Trading Volume In Over 3 Months, Binance Data Shows APE total market cap at $1.65 billion on the daily chart | Source: TradingView.com Featured image from MakeUseOf, Chart: TradingView.com

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ApeCoin Climbs 4.3% In Last 7 Days – Where’s APE Getting All That Energy?

ApeCoin (APE), the Bored Ape Yacht Club token, has been rallying over the past week with gains registering at a peak of 4.3% and trading at the $5.12 level. APE shows energy, rallies 4.3% in the past seven days Coin impacted by general crypto slump US inflation also weighing down on crypto price APE is a busy bee and apparently, the recent uptick enjoyed by APE is said to have been ushered by current projects or developments in the network. The Ape Foundation has recently rolled out a couple of recommendations in line with the Decentralized Autonomous Structure (DAO) election procedure. In the event that these proposals are approved, there would be a rolling election instead with an election of council members every three months. Related Reading: NEAR Bulls Charge Their Way Past $4.7 Amid Lack Of Spike In Volume ApeCoin Recent Developments Contributed To Its Surge With the rest of the other altcoins having a hard time breaking through, quite the opposite is happening for ApeCoin. APE price has surged and looking bullish. However, the plunge in the value of crypto is dubbed to be of the reasons why APE isn’t gaining traction. ApeCoin has recently posted on Twitter stating that this provides an increasingly stable ecosystem to haul in new members and so far, ensures the consistency of the DAO to manage and transfer knowledge and expertise to the community. Community members have been recommending broader representation from individuals who do not have existing affiliations with crypto-backed organizations to avoid any conflict of interests. Currently, the Ape Foundation is composed of Amy Wu (FTX Ventures), Yat Siu (Animoca Brands), Alexis Ohanian (Reddit), Maaria Bajwa (Sound Ventures), and Dean Steinback (Horizon Labs). Crypto Market Experiencing Downtrend According to CoinMarketCap, ApeCoin’s price had nosedived by 4.05% or trading at $4.73 as of this writing. The crypto market has been experiencing a downtrend recently with the total market cap sliding to below $1 trillion as observed in the past 24 hours. Evidently, the king of crypto, Bitcoin, failed to climb or show any improvement as it trades at roughly $20,000 yesterday. U.S. inflation seems to be severely impacting crypto prices. So, it is indeed the crypto market’s overall dilemma that prevents ApeCoin from moving further up north. Another factor that is preventing the gains of ApeCoin is the current dollar strength. The U.S. dollar is on an upward trend since Thursday as it shoots through previous highs in line with the U.S. Federal Reserve trying to tame inflation. Related Reading: Why Celsius Investors Don’t Seem Upbeat Despite CEL Rallying 30% Their efforts are seen to work with the U.S. dollar remaining stable at 109.84. More so, the risk-off market sentiment has also helped the U.S. dollar, increasing the demand for fiat currencies such as the U.S. dollar. Judging by the technical side, APE seems to have gained support at the $4.95 zone and a breach below this mark could allow the coin to capsize further until it touches the support zone of $4.35.  On the other hand, the daily timeframe revealing an upward trendline is beneficial to altcoins. On the flip side, a breach at the $4.35 level could trigger a downtrend for the APE/USD pair to funnel down to as low as $3.12. APE total market cap at $1.46 billion on the daily chart | Source: TradingView.com Featured image from The VR Soldier, chart from TradingView.com

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ApeCoin Breaks Out With Degen Play Activated, Can $7.5 Be The Target?

The price of ApeCoin (APE) has recently struggled against tether (USDT) after seeing its price rejected from $7.5. Bitcoin’s (BTC) price showed some great strength bouncing off from a low of $18,500 to a high of $21,000. This movement has affected other altcoins as most cryptocurrencies produce double-digit gains, including ApeCoin (APE). (Data from Binance) Related Reading: Bitcoin Stablecoin Supply Ratio Now Forms A “Buy” Signal ApeCoin (APE) Price Analysis On The Weekly Chart  The price of APE has had a difficult time replicating its bullish move that saw the price rally to $7.5 in recent months as the price rallied with a good bullish sentiment.  After falling from an all-time high of $27.5, APE has struggled to stay afloat as the price fell to a low of $4. APE price has formed good support at $4 with what looks like an area of interest for buyers and investors. The price of APE closed the week with indecision between the buyers and sellers; with the new week looking more bullish, this shows strength to recover, and with this momentum from APE, we could see the price revisiting the $7.5 mark where it will face resistance to trend higher. The price of APE is faced with resistance as the price of APE is unable to trend higher in price; if APE flips this region, we could see the price going to a region of $7.5 and even higher. Weekly resistance for the price of APE – $7.5. Weekly support for the price of APE – $4.5. Price Analysis Of APE On The Daily (1D) Chart APE saw its price rejected from $7.5 as the price fell to a low of $4; the price of APE bounced from this after form support to hold off sell orders. The price of APE rallied from the low of $4 to $5.1, where it was faced with resistance to breaking above $5.4. After forming a bullish symmetric triangle and breaking out from a downtrend line, the price of APE broke out with strong bias as the price could be set at $7.5. A close of APE above $5.5 could see the price rally higher after showing bullish movements. The price of APE trades at $5.1, trying to break and hold above the 50 Exponential Moving Averages (EMA) on the daily timeframe. The price at $5.5 corresponds to the 50 EMA acting as resistance to the price of APE. APE needs to break above the 38.2% Fibonacci retracement value acting as resistance for the price of APE. If APE breaks and closes above this region, we could see the price going to $7,5. Daily resistance for the APE price – $5.5. Daily support for the APE price – $4. APE Price Analysis On The Four-Hourly (4H) Chart The price of APE in the 4H timeframe continues to look bullish after breaking out of a symmetric triangle with bullish signs; the price trades retested below the 200 EMA; flipping the 200 EMA acting as resistance for the APE price would mean more bullish sentiment.  APE price trades above the 50 EMA, with the price corresponding to $4.7 acting as a support area for the price of APE. On the 4H chart, the Relative Strength Index (RSI) for APE is below 75, indicating high buy order volume for the APE price. Four-Hourly resistance for the APE price – $5.5. Four-Hourly support for the APE price – $4.7-$4. Related Reading: Why The Ethereum Price Could Rally Above $1,800 Before A Big Crash Featured Image From Capital, Charts From

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APE price analysis: how far can the crypto’s value grow after being accepted by Gucci?

ApeCoin (APE/USD) is both governances as well as utility token across the ApeCoin ecosystem.

Some of its use-cases include enabling holders to participate in the governance of the Decentralized Autonomous Organization (DAO) as well as enabling them access to specific features, games, events, merchandise, and other non-fungible token (NFT) related releases or events.

ApeCoin (APE) has seen an increase in its overall adoption as a form of payment; where Gucci made an announcement on August 2, 2022, that they are accepting ApeCoin payments through BitPay at select Gucci boutiques in the USA. They aim to expand the range of cryptocurrencies available for in-store purchases. 

ApeCoin’s official Twitter page followed up by announcing that they are excited that Gucci will become the first major brand that allows customers to pay for purchases in-store with ApeCoin.

Despite the ongoing bear market, the fashion brand has taken the leap toward the crypto sector.

On August 3, 2022, ApeCoin (APE) had a value of $7.346.

We will be going over APE’s all-time high point of value, as well as its performance throughout the previous month, to see how far it can grow.

When we take a look at the all-time high of the cryptocurrency, ApeCoin (APE) reached a value of $26.70 on April 28, 2022.

Looking at how the cryptocurrency performed throughout the previous month, ApeCoin (APE) had its lowest point of value on July 13 at $4.2095. Its highest point was on July 31 at $7.1793.

Here, we can see an increase in its value by $2.9698 or by 70%.

If the cryptocurrency keeps up with this momentum, we can expect ApeCoin (APE) to reach a value of $10 by the end of August 2022, reaching a new all-time high point.

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APE Sell-off Continues as the Price of Apecoin Drops in Past 24 Hours

ApeCoin (APE) has been in a sell-off since the crypto bear market started. APE posted six red weekly candles and ...

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Technical Analysis Suggests That APE Price Not Done Falling Yet

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APE’s Price Movement Continues To Impress, up 8+% in 24 Hours

ApeCoin (APE) is up 8+% in the last 24 hours as the market turns slightly bullish in the last 24 ...

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ApeCoin (APE) price jumps 100% on ApeChain launch

Apechain mainnet launch and LayerZero's integration have translated into a 100% price upside for APE in recent days.

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ApeCoin Holders Suffer Financial Pain As 95% Endure Negative Returns

ApeCoin (APE), created by Yuga Labs, once soared to great heights, capturing the attention of investors and enthusiasts alike. However, recent developments have cast a dark cloud over the once-promising digital asset. With an astonishing 95% of ApeCoin holders finding themselves deep in the red, the future of this innovative cryptocurrency hangs in the balance. [...]

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