#Apecoin ( #APE ) has been in a downtrend on the daily chart for about 8 months. As you can see in the chart below, it experienced a downward reaction in the sections that tried to break this downward trend. Finally, on August 15, while trying to break the falling trend and hold on to a retest zone, Bitcoin (BTC) entered the downward trend again with the sharp decline wave on its side.

APE USDT DAILY

The ApeCoin Community has voted against the proposal to introduce two new NFT collections, namely Ape Coin Armory Club and Ape Coin Pet Club. The vote was conducted by the ApeCoin DAO, where the members of the community voted to either accept or reject the proposal.

The proposal suggested the creation of 20,000 NFTs for each of the collections, which were planned to be distributed for free among the crypto community. The estimated cost of the NFTs was calculated to be $168,000.

@azcoinnews

The ApeCoin Armory Club and Ape Coin Pet Club NFT collections were designed to be multi-link, allowing them to be connected to other NFT and metaverse projects such as Otherside, Decentraland, and The Sandbox. The proposal hinted at the possibility of seeing these NFTs in 3D worlds of other metaverse projects.

However, the proposal failed to garner enough support from the community. Out of the total votes cast, 83.99% of the voters rejected the proposal, while only 9.99% were in favor of it. This outcome reflects the diverse opinions within the ApeCoin community on the introduction of new NFT collections.

The images shared in the proposal showcased the NFTs featuring the ape logo on a shield and the pets that would have formed the Ape Coin Pet Club. The proposal also claimed that all of the NFTs from both collections were unique, with some having more rare features than others.

The ApeCoin DAO, the decentralized autonomous organization responsible for managing ApeCoin, is composed of the ApeCoin community members. The DAO is designed to ensure that the community has a say in the decision-making process related to the project’s development and growth.

In conclusion, while the proposal to introduce two new NFT collections has been rejected by the ApeCoin community, the vote demonstrates the importance of community engagement in the decision-making process. It also shows that the ApeCoin DAO is committed to ensuring that the community’s voice is heard and that all decisions are made with their best interests in mind.

#Apecoin #APE #nftcommunity #NFT #azcoinnews

This article was republished from azcoinnews.com

The well-known crypto whale tracking platform, WhaleStats, took to Twitter this morning to share some new data about the trading habits of some of the largest Ethereum (ETH) whales. According to the post, Apecoin (APE) has flipped WETH as the most traded token among the top 500 ETH whales.

CoinMarketCap indicates that APE is one of the many cryptocurrencies trading in the red after a very bearish past week. APE is currently trading hands at $4.26 after a 0.47% price decrease over the last day. APE was also able to reach a high of $4.24 and a low of $3.94 over the same time period.

Despite the drop in price, APE was still able to strengthen against Bitcoin (BTC) and Ethereum (ETH) by about 2.35% and 3.13% respectively. APE’s weekly performance has some worth to do in order to recover as the altcoin is in the red by more than 8% over the last week.

APE’s 24-hour trading volume is currently in the green zone and stands at $123,199,011 after a more than 21% increase since yesterday. In terms of market cap, APE stands at $1,533,184,687, which makes it the 38th biggest crypto in terms of market capitalization.

WETH also fell prey to the bearish week as the crypto is now worth about $1,752.46 after a 3.45% price decrease over the last 24 hours. The crypto did, however, reach a high of $1,818.34 over the same time period.

#APE #Apecoin #crypto2023