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ApeCoin DAO airdropped millions of APE tokens to NFT owners in March of this year during the token launch. Airdrop went to BAYC, Mutant Ape Yacht Club, and Bowling Ape Kennel Club NFT holders. Token distribution and speculation around it raised it to $ 27 in April.
This surge was also due to the expected NFT sales of the BAYC Metaverse game “Otherside”. But at this point, the enthusiasm seems to be diminishing. The APE is currently trading at $ 4.28 after falling 5.77% the other day and 10.39% last week.
Overall, ApeCoin is down 83.8%, with a market capitalization of $ 1.29 million and 43rd in the market rankings. The current circulation supply is from 1 billion hard caps to 299,531,250.
ApeCoin is a governance token used as a utility token. This token allows owners to become part of the decentralized ecosystem of the Web3 community. Native APE tokens began trading on March 17, 2022. The token remains bearish, despite attracting notable partnerships from major industry players such as Animoca Brands. However, as the Web3 economy evolves into the Metaverse, forecasts show a resurgence of tokens.
The 4-hour technical chart below shows that APE has retested its $ 4.3 price support. The MACD line crosses the signal line from top to bottom, indicating that the momentum is bearish. However, the RSI readings are in the oversold zone, indicating a potential trend reversal. If the trend reverses, $ 5.3 will be the next level. Clearance over resistance may welcome the uptrend.
Source: TradingView
Speculation about NFTs is believed to be behind the surge in APE’s value, but long-term value does not appear to be compromised. The technical indicators show a mixed signal, the MACD shows bearish momentum, but the RSI seems to have bottomed out. For holders, the Metaverse and NFT trends signal the value of ApeCoin.
ApeCoin DAO airdropped millions of APE tokens to NFT owners in March of this year during the token launch. Airdrop went to BAYC, Mutant Ape Yacht Club, and Bowling Ape Kennel Club NFT holders. Token distribution and speculation around it raised it to $ 27 in April.
This surge was also due to the expected NFT sales of the BAYC Metaverse game “Otherside”. But at this point, the enthusiasm seems to be diminishing. The APE is currently trading at $ 4.28 after falling 5.77% the other day and 10.39% last week.
Overall, ApeCoin is down 83.8%, with a market capitalization of $ 1.29 million and 43rd in the market rankings. The current circulation supply is from 1 billion hard caps to 299,531,250.
ApeCoin is a governance token used as a utility token. This token allows owners to become part of the decentralized ecosystem of the Web3 community. Native APE tokens began trading on March 17, 2022. The token remains bearish, despite attracting notable partnerships from major industry players such as Animoca Brands. However, as the Web3 economy evolves into the Metaverse, forecasts show a resurgence of tokens.
The 4-hour technical chart below shows that APE has retested its $ 4.3 price support. The MACD line crosses the signal line from top to bottom, indicating that the momentum is bearish. However, the RSI readings are in the oversold zone, indicating a potential trend reversal. If the trend reverses, $ 5.3 will be the next level. Clearance over resistance may welcome the uptrend.
Source: TradingView
Speculation about NFTs is believed to be behind the surge in APE’s value, but long-term value does not appear to be compromised. The technical indicators show a mixed signal, the MACD shows bearish momentum, but the RSI seems to have bottomed out. For holders, the Metaverse and NFT trends signal the value of ApeCoin.
ApeCoin DAO airdropped millions of APE tokens to NFT owners in March of this year during the token launch. Airdrop went to BAYC, Mutant Ape Yacht Club, and Bowling Ape Kennel Club NFT holders. Token distribution and speculation around it raised it to $ 27 in April.
This surge was also due to the expected NFT sales of the BAYC Metaverse game “Otherside”. But at this point, the enthusiasm seems to be diminishing. The APE is currently trading at $ 4.28 after falling 5.77% the other day and 10.39% last week.
Overall, ApeCoin is down 83.8%, with a market capitalization of $ 1.29 million and 43rd in the market rankings. The current circulation supply is from 1 billion hard caps to 299,531,250.
ApeCoin is a governance token used as a utility token. This token allows owners to become part of the decentralized ecosystem of the Web3 community. Native APE tokens began trading on March 17, 2022. The token remains bearish, despite attracting notable partnerships from major industry players such as Animoca Brands. However, as the Web3 economy evolves into the Metaverse, forecasts show a resurgence of tokens.
The 4-hour technical chart below shows that APE has retested its $ 4.3 price support. The MACD line crosses the signal line from top to bottom, indicating that the momentum is bearish. However, the RSI readings are in the oversold zone, indicating a potential trend reversal. If the trend reverses, $ 5.3 will be the next level. Clearance over resistance may welcome the uptrend.
Source: TradingView
Speculation about NFTs is believed to be behind the surge in APE’s value, but long-term value does not appear to be compromised. The technical indicators show a mixed signal, the MACD shows bearish momentum, but the RSI seems to have bottomed out. For holders, the Metaverse and NFT trends signal the value of ApeCoin.
ApeCoin DAO airdropped millions of APE tokens to NFT owners in March of this year during the token launch. Airdrop went to BAYC, Mutant Ape Yacht Club, and Bowling Ape Kennel Club NFT holders. Token distribution and speculation around it raised it to $ 27 in April.
This surge was also due to the expected NFT sales of the BAYC Metaverse game “Otherside”. But at this point, the enthusiasm seems to be diminishing. The APE is currently trading at $ 4.28 after falling 5.77% the other day and 10.39% last week.
Overall, ApeCoin is down 83.8%, with a market capitalization of $ 1.29 million and 43rd in the market rankings. The current circulation supply is from 1 billion hard caps to 299,531,250.
ApeCoin is a governance token used as a utility token. This token allows owners to become part of the decentralized ecosystem of the Web3 community. Native APE tokens began trading on March 17, 2022. The token remains bearish, despite attracting notable partnerships from major industry players such as Animoca Brands. However, as the Web3 economy evolves into the Metaverse, forecasts show a resurgence of tokens.
The 4-hour technical chart below shows that APE has retested its $ 4.3 price support. The MACD line crosses the signal line from top to bottom, indicating that the momentum is bearish. However, the RSI readings are in the oversold zone, indicating a potential trend reversal. If the trend reverses, $ 5.3 will be the next level. Clearance over resistance may welcome the uptrend.
Source: TradingView
Speculation about NFTs is believed to be behind the surge in APE’s value, but long-term value does not appear to be compromised. The technical indicators show a mixed signal, the MACD shows bearish momentum, but the RSI seems to have bottomed out. For holders, the Metaverse and NFT trends signal the value of ApeCoin.
