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Trade Setup of #APE/USDT
Trade setup: Bearish breakout from Falling Wedge pattern and price made a new Lower Low, which confirms a downtrend. However, near-term, it was oversold (RSI < 30) and could bounce up off of $2.00 support and swing back up to $3.00 resistance. Momentum turned bullish again (MACD crossover). (set a price alert).
Trend: Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $2.00. The nearest Resistance Zone is $3.00 (previous support), then $4.00, and $6.30.
#cryptberg #crypto #trading #apecoin
Trade setup: Bearish breakout from Falling Wedge pattern and price made a new Lower Low, which confirms a downtrend. However, near-term, it was oversold (RSI < 30) and could bounce up off of $2.00 support and swing back up to $3.00 resistance. Momentum turned bullish again (MACD crossover). (set a price alert).
Trend: Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $2.00. The nearest Resistance Zone is $3.00 (previous support), then $4.00, and $6.30.
#cryptberg #crypto #trading #apecoin
APE COIN IMPORTANT ARTICLE FOR CRYPTO TRADERS
Btc vs ape coin
ApeCoin has unveiled the Blueprint for ApeChain, highlighting its focus on enhancing the blockchain experience through content, tools, and distribution.
Bored Ape Yacht Club-inspired crypto ecosystem ApeCoin has unveiled the “Blueprint” for its layer-2 solution ApeChain, marking a key advancement in its blockchain strategy by focusing on content, tools, and distribution to elevate user and developer experiences.
In a press release shared with crypto.news, ApeCoin outlined the first phase of ApeChain’s rollout, which includes prioritizing content partners, developing a user-friendly ecosystem site, and providing robust developer tools.
ApeChain, per Greg Solano, chief executive of Yuga Labs, is prioritizing “killer day one content partners” in an effort to find the “coolest stuff on the chain easy.” The network will also focus on incentives and distribution channels “that help creators get noticed,” Solano added.
To achieve this goal, ApeChain collaborated with web3 firms like Halliday, Decent, and Privy to streamline onboarding and fiat onramps via the ApeChain Portal.
You might also like:
ApeCoin DAO launches accelerator to increase APE adoption
Another component of the ApeChain would enable users to bet on events or individuals via the so-called Reboot Protocol in addition to the Native Yield system developed for withdrawals of assets like ApeCoin ApeCoin
ape
-3.01%
ApeCoin and Ethereum (ETH). ApeCoin says ApeChain’s strategy aligns with Arbitrum milestones, including the integration of Stylus, which allows blockchain developers to build smart contracts using WebAssembly-compatible languages.As crypto.news reported earlier, the ApeCoin DAO community greenlit the development of ApeChain on Arbitrum in February, with backing from Horizen Labs. The technical roadmap indicates that APE tokens will serve as both the gas and governance token for the new network. A few months later, in July, the ApeChain network debuted testnet named Curtis.Read more:
ApeCoin community to buy top NFTs through new DAO
ApeCoin
ape
-3.01%
ApeCoin
Read more about
ApeCoin
Blockchain
Layer 2
Experts weigh in on whether Bitcoin can break free from September’s be Bitcoin closed August in red, but experts are divided on whether September could bring a recovery, with some pointing to macroeconomic shifts, potential rate cuts, and rising institutional interest as reasons for optimism.Coinglass data shows that, since 2013, Bitcoin Bitcoin btc -4.44%
Bitcoin has often recorded losses during September, making it the worst-performing month for the digital asset. On average, Bitcoin has dropped by -5.36% in September, with gains in only four of the past thirteen years. This consistent poor performance has made investors uneasy, fearing that the trend could persist in 2024. Yet, there are signs this September might break from tradition. Traders are anticipating that a potential interest rate cut by the Federal Reserve could increase demand for riskier assets like Bitcoin. At the same time, institutional interest is higher than before, driven by the approval of spot Bitcoin ETFs in January. Adding to this sanguinity, Bitcoin’s hashrate has hit an all-time high of 746 EH/s, signaling a potentially bullish shift despite recent price fluctuations.
Nevertheless, skepticism remains among some analysts who believe the bearish trend could still prevail. Rate cuts and market sentiment
Georgii Verbitskii, Founder of TYMIO, suggests that a rate cut could push Bitcoin to test the upper end of its current trading range. He told crypto.news that if central banks go ahead with the anticipated rate cuts, Bitcoin might draw more investors seeking a hedge against inflation.
“Given that [Bitcoin] has been trading sideways for the past six months, a big breakout before the year’s conclusion may be logical.”
He added that pro-crypto legislative moves in the United States might further elevate market sentiment and drive investment.
Meanwhile, Casey Grooms, co-founder of Soulbound, underlined that Bitcoin’s recent price action has been influenced by high macroeconomic uncertainty, with a critical pivot in Federal interest rates shaping market sentiment.
Grooms pointed to the Fed’s preferred inflation measure, the Personal Consumption Expenditures (PCE) index, which remains steady at 2.5%.
“With the closeness to the basic target of 2%, the interest rate cut pivot may happen sooner than expected,” Grooms told crypto.news.
He added that while the Federal Reserve is closely watched, other central banks, like the Bank of England and the Bank of Canada, are already cutting rates. If this trend continues, it could boost global liquidity, weaken fiat currencies, and make Bitcoin more attractive as a store of value.
You might also like:
Bitcoin, Ethereum whales accumulate despite market-wide selloff
Bitcoin ETFs as a potential catalyst for recovery
In contrast, Jonathan Hargreaves, Global Head of Business Development & ESG at Elastos, maintained a more measured outlook. He pointed out that, although stronger macroeconomic factors and new ETF developments could support Bitcoin, September has often been a month of mixed signals, with alternating phases of growth and decline. As such, he expects September to start on a bearish note but hopes for a rebound in the final quarter.
Bing Wang, Head of Legal at BasedVC, suggested that this year’s cycle could diverge from past patterns due to the ongoing inflow of capital into Bitcoin Spot ETFs and the anticipated Federal Reserve rate cut.
“If institutional capital continues to flow into Bitcoin ETFs, BTC price could sustain above key support at $60,000,” Wang told crypto.news. Similarly, QCP Capital analysts indicated earlier that Bitcoin could be looking for support, but at a lower range, around $54,000, before any significant rebound might occur.
Wang also pointed to a drop in whale transactions—large transfers over $100,000—signifying that major holders are clasping onto their Bitcoin.
“They are likely holding on to their BTC, which implies there is likelihood of gains in Bitcoin this September and beyond. However, large scale profit-taking could push BTC lower, so keep that in mind.”
Read more:
Over $1b worth of Bitcoin left exchanges in 7 days
Bitcoin
btc
-4.44%
Bitcoin
Read more about
Bitcoin
Cryptocurrency
DeFi
Follow Us on Google News
Load More
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#apecoin #ApeCoinAdventure #apecoinnews
ApeCoin has unveiled the Blueprint for ApeChain, highlighting its focus on enhancing the blockchain experience through content, tools, and distribution.
Bored Ape Yacht Club-inspired crypto ecosystem ApeCoin has unveiled the “Blueprint” for its layer-2 solution ApeChain, marking a key advancement in its blockchain strategy by focusing on content, tools, and distribution to elevate user and developer experiences.
In a press release shared with crypto.news, ApeCoin outlined the first phase of ApeChain’s rollout, which includes prioritizing content partners, developing a user-friendly ecosystem site, and providing robust developer tools.
ApeChain, per Greg Solano, chief executive of Yuga Labs, is prioritizing “killer day one content partners” in an effort to find the “coolest stuff on the chain easy.” The network will also focus on incentives and distribution channels “that help creators get noticed,” Solano added.
To achieve this goal, ApeChain collaborated with web3 firms like Halliday, Decent, and Privy to streamline onboarding and fiat onramps via the ApeChain Portal.
You might also like:
ApeCoin DAO launches accelerator to increase APE adoption
Another component of the ApeChain would enable users to bet on events or individuals via the so-called Reboot Protocol in addition to the Native Yield system developed for withdrawals of assets like ApeCoin ApeCoin
ape
-3.01%
ApeCoin and Ethereum (ETH). ApeCoin says ApeChain’s strategy aligns with Arbitrum milestones, including the integration of Stylus, which allows blockchain developers to build smart contracts using WebAssembly-compatible languages.As crypto.news reported earlier, the ApeCoin DAO community greenlit the development of ApeChain on Arbitrum in February, with backing from Horizen Labs. The technical roadmap indicates that APE tokens will serve as both the gas and governance token for the new network. A few months later, in July, the ApeChain network debuted testnet named Curtis.Read more:
ApeCoin community to buy top NFTs through new DAO
ApeCoin
ape
-3.01%
ApeCoin
Read more about
ApeCoin
Blockchain
Layer 2
Experts weigh in on whether Bitcoin can break free from September’s be Bitcoin closed August in red, but experts are divided on whether September could bring a recovery, with some pointing to macroeconomic shifts, potential rate cuts, and rising institutional interest as reasons for optimism.Coinglass data shows that, since 2013, Bitcoin Bitcoin btc -4.44%
Bitcoin has often recorded losses during September, making it the worst-performing month for the digital asset. On average, Bitcoin has dropped by -5.36% in September, with gains in only four of the past thirteen years. This consistent poor performance has made investors uneasy, fearing that the trend could persist in 2024. Yet, there are signs this September might break from tradition. Traders are anticipating that a potential interest rate cut by the Federal Reserve could increase demand for riskier assets like Bitcoin. At the same time, institutional interest is higher than before, driven by the approval of spot Bitcoin ETFs in January. Adding to this sanguinity, Bitcoin’s hashrate has hit an all-time high of 746 EH/s, signaling a potentially bullish shift despite recent price fluctuations.
Nevertheless, skepticism remains among some analysts who believe the bearish trend could still prevail. Rate cuts and market sentiment
Georgii Verbitskii, Founder of TYMIO, suggests that a rate cut could push Bitcoin to test the upper end of its current trading range. He told crypto.news that if central banks go ahead with the anticipated rate cuts, Bitcoin might draw more investors seeking a hedge against inflation.
“Given that [Bitcoin] has been trading sideways for the past six months, a big breakout before the year’s conclusion may be logical.”
He added that pro-crypto legislative moves in the United States might further elevate market sentiment and drive investment.
Meanwhile, Casey Grooms, co-founder of Soulbound, underlined that Bitcoin’s recent price action has been influenced by high macroeconomic uncertainty, with a critical pivot in Federal interest rates shaping market sentiment.
Grooms pointed to the Fed’s preferred inflation measure, the Personal Consumption Expenditures (PCE) index, which remains steady at 2.5%.
“With the closeness to the basic target of 2%, the interest rate cut pivot may happen sooner than expected,” Grooms told crypto.news.
He added that while the Federal Reserve is closely watched, other central banks, like the Bank of England and the Bank of Canada, are already cutting rates. If this trend continues, it could boost global liquidity, weaken fiat currencies, and make Bitcoin more attractive as a store of value.
You might also like:
Bitcoin, Ethereum whales accumulate despite market-wide selloff
Bitcoin ETFs as a potential catalyst for recovery
In contrast, Jonathan Hargreaves, Global Head of Business Development & ESG at Elastos, maintained a more measured outlook. He pointed out that, although stronger macroeconomic factors and new ETF developments could support Bitcoin, September has often been a month of mixed signals, with alternating phases of growth and decline. As such, he expects September to start on a bearish note but hopes for a rebound in the final quarter.
Bing Wang, Head of Legal at BasedVC, suggested that this year’s cycle could diverge from past patterns due to the ongoing inflow of capital into Bitcoin Spot ETFs and the anticipated Federal Reserve rate cut.
“If institutional capital continues to flow into Bitcoin ETFs, BTC price could sustain above key support at $60,000,” Wang told crypto.news. Similarly, QCP Capital analysts indicated earlier that Bitcoin could be looking for support, but at a lower range, around $54,000, before any significant rebound might occur.
Wang also pointed to a drop in whale transactions—large transfers over $100,000—signifying that major holders are clasping onto their Bitcoin.
“They are likely holding on to their BTC, which implies there is likelihood of gains in Bitcoin this September and beyond. However, large scale profit-taking could push BTC lower, so keep that in mind.”
Read more:
Over $1b worth of Bitcoin left exchanges in 7 days
Bitcoin
btc
-4.44%
Bitcoin
Read more about
Bitcoin
Cryptocurrency
DeFi
Follow Us on Google News
Load More
Related News
Siemens issues €300m digital bond via blockchain for instant settlement
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Read more - Siemens issues €300m digital bond via blockchain for instant settlement
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#apecoin #ApeCoinAdventure #apecoinnews
ApeCoin DAO Votes to Open APE-Themed Hotel in Bangkok
In a bold move blending cryptocurrency and hospitality, the ApeCoin decentralized autonomous organization (DAO) has voted overwhelmingly in favor of opening an APE-themed hotel in central Bangkok. The proposal, known as AIP-448, has garnered significant support, with over 91% of votes cast in favor of the project.
Strong Community Support
Voting on the proposal began on July 18, and as of now, 4.6 million APE tokens have been cast in favor, compared to 411,000 APE tokens against the initiative. The opposition constitutes just 8.16% of the total votes, highlighting strong community backing for the hotel’s launch.
Integration of Multiple Sectors
AIP-448 aims to merge intellectual property applications, the hospitality sector, the arts, and cryptocurrency. The proposed hotel will feature a variety of ApeCoin-themed attractions and amenities, including:
APE-centric exhibitionsApe-themed barRooms decorated to represent different APE communitiesAPE-branded swimming poolDedicated exhibition areas
Funding and Benefits
The proposal seeks 410,000 APE from the ApeCoin ecosystem fund to realize the project, with voting set to conclude on July 31. The ApeCoin Hotel aims to promote ApeCoin, ApeChain, and various APE communities, providing numerous benefits to members. Key proposed benefits include:
Revenue Sharing: 50% of the revenue from themed rooms will go to the ApeCoin DAO treasury for one year.Payment Acceptance: The hotel will accept ApeCoin as a payment method, demonstrating the cryptocurrency’s real-world utility and potentially boosting its circulation.Community Initiatives: Plans include offering 50 complimentary nights of accommodation to APE holders and free access to certain hotel facilities for community members.
Unique Check-In Process
The proposal outlines a unique check-in process for ApeCoin holders, who will need to verify their ApeCoin Forum membership and wallet balance at the front desk. Guests are encouraged to share their experiences on social media platform X, with those seeking free stays required to post about their visit, including photos and positive feedback, to receive cashback.
Conclusion
The ApeCoin Hotel in Bangkok represents an innovative fusion of the crypto world with traditional hospitality, potentially setting a precedent for similar ventures in the future. As the voting period concludes on July 31, the ApeCoin community eagerly anticipates the final decision and the subsequent development of this pioneering project.
$APE #apecoin #crypto
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Strong Community Support
Voting on the proposal began on July 18, and as of now, 4.6 million APE tokens have been cast in favor, compared to 411,000 APE tokens against the initiative. The opposition constitutes just 8.16% of the total votes, highlighting strong community backing for the hotel’s launch.
Integration of Multiple Sectors
AIP-448 aims to merge intellectual property applications, the hospitality sector, the arts, and cryptocurrency. The proposed hotel will feature a variety of ApeCoin-themed attractions and amenities, including:
APE-centric exhibitionsApe-themed barRooms decorated to represent different APE communitiesAPE-branded swimming poolDedicated exhibition areas
Funding and Benefits
The proposal seeks 410,000 APE from the ApeCoin ecosystem fund to realize the project, with voting set to conclude on July 31. The ApeCoin Hotel aims to promote ApeCoin, ApeChain, and various APE communities, providing numerous benefits to members. Key proposed benefits include:
Revenue Sharing: 50% of the revenue from themed rooms will go to the ApeCoin DAO treasury for one year.Payment Acceptance: The hotel will accept ApeCoin as a payment method, demonstrating the cryptocurrency’s real-world utility and potentially boosting its circulation.Community Initiatives: Plans include offering 50 complimentary nights of accommodation to APE holders and free access to certain hotel facilities for community members.
Unique Check-In Process
The proposal outlines a unique check-in process for ApeCoin holders, who will need to verify their ApeCoin Forum membership and wallet balance at the front desk. Guests are encouraged to share their experiences on social media platform X, with those seeking free stays required to post about their visit, including photos and positive feedback, to receive cashback.
Conclusion
The ApeCoin Hotel in Bangkok represents an innovative fusion of the crypto world with traditional hospitality, potentially setting a precedent for similar ventures in the future. As the voting period concludes on July 31, the ApeCoin community eagerly anticipates the final decision and the subsequent development of this pioneering project.
$APE #apecoin #crypto
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
#apecoin is ready for a rally to $1.78 after breaking the descending trend line on the charts.#APE needs to break resistance at $1.625. A break above this with a retest will send #ape flying to $1.78
#altcoins❗️ #BTC/Update: #ETFTrends
#altcoins❗️ #BTC/Update: #ETFTrends
The voting for $APE proposal partnership with Redacted, a Formula One Team is now LIVE 🙆♀️🏎️
#apecoin #proposal #formula1 #TrendingTopic
#apecoin #proposal #formula1 #TrendingTopic
#binance announcement about the $APE chain will send it back to ATH to 27$ . I think this what it needs to do a huge rally? 🤷♀️ Trucks are running in the city, so… must be close, right?
#TrendingTopic #GAINERS #apecoin #blockchain
#TrendingTopic #GAINERS #apecoin #blockchain
✅ Some Key Projects with Token Unlocking Soon
▪️ On January 16, the lockup of 8.3 million Uniswap ($UNI ) tokens, valued at $55 million, will be released.
▪️ On January 17, the lockup of 15.3 million ApeCoin ($APE ) tokens, valued at $21 million, will be released.
▪️ On January 17, the lockup of 71 million The Graph ($GRT ) tokens, raising $11 million, will be released.
▪️ On January 18, the lockup of 4.25 million Fusionist ($ACE) tokens, valued at $40 million, will be released.
▪️ On January 18, the lockup of 3.4 million Axie Infinity ($AXS) tokens, valued at $27 million, will be released.
▪️ On January 18, the lockup of 34 million Lido ($LDO) tokens, valued at $7.9 million, will be released.
▪️ On January 21, the lockup of 3.6 million Injective ($INJ) tokens, valued at $143 million, will be released.
$UNI $APE $GRT #apecoin #inj #unlock
▪️ On January 16, the lockup of 8.3 million Uniswap ($UNI ) tokens, valued at $55 million, will be released.
▪️ On January 17, the lockup of 15.3 million ApeCoin ($APE ) tokens, valued at $21 million, will be released.
▪️ On January 17, the lockup of 71 million The Graph ($GRT ) tokens, raising $11 million, will be released.
▪️ On January 18, the lockup of 4.25 million Fusionist ($ACE) tokens, valued at $40 million, will be released.
▪️ On January 18, the lockup of 3.4 million Axie Infinity ($AXS) tokens, valued at $27 million, will be released.
▪️ On January 18, the lockup of 34 million Lido ($LDO) tokens, valued at $7.9 million, will be released.
▪️ On January 21, the lockup of 3.6 million Injective ($INJ) tokens, valued at $143 million, will be released.
$UNI $APE $GRT #apecoin #inj #unlock
After 2 years of hard work, $APE is ready to release the products 🙇♀️👩💻🙆♀️ Back to 27$ ATH? 🤷♀️
#TrendingTopic #gainers #binance #apecoin
#TrendingTopic #gainers #binance #apecoin
Let's break down the key elements of the attached APE/USDT chart from a technical analysis perspective:
1. Price Action:
Current price: 0.760 USDT (+2.98% for the day).
The price recently hit a high of 0.894 USDT, but it has retraced to the current level of 0.760, signaling a potential correction after the rally.
Support levels: Closest support lies near the 0.525 level, as indicated by the lower Bollinger Band.
Resistance levels: Immediate resistance is at 0.843 (upper Bollinger Band) and 0.894 (recent high).
2. Bollinger Bands:
The price is bouncing off the upper Bollinger Band (0.843), indicating that the market was recently in an overbought condition, prompting a pullback.
Bollinger Bands are widening, showing increased volatility in the asset.
3. RSI (6):
The RSI value is at 58.302, indicating the asset is in neutral territory but leaning towards bullish momentum. If it crosses 70, the asset will be considered overbought, and if it drops below 30, it will indicate oversold conditions.
4. MACD (Moving Average Convergence Divergence):
The MACD line (0.011) is above the signal line (0.021), indicating a recent bullish crossover. This is a positive sign of potential upward momentum.
However, the histogram shows a small difference between the two lines, meaning the bullish momentum is relatively weak for now.
5. Volume:
The trading volume (last candle) appears to have declined compared to the volume during the previous rally. This suggests the buying pressure might be cooling off. A breakout with low volume is typically less reliable.
Conclusion:
#Short-term outlook: The current indicators lean towards a neutral to bullish trend, with the RSI and MACD suggesting some upward momentum. However, the price action near resistance and declining volume could indicate a period of consolidation or even a pullback before another leg up.
Long-term outlook: The widening of the Bollinger Bands and overall upward trend suggest that, after a possible consolidation phase, APE/USDT could resume its upward movement if it breaks above the resistance at 0.843. #apecoin $APE
1. Price Action:
Current price: 0.760 USDT (+2.98% for the day).
The price recently hit a high of 0.894 USDT, but it has retraced to the current level of 0.760, signaling a potential correction after the rally.
Support levels: Closest support lies near the 0.525 level, as indicated by the lower Bollinger Band.
Resistance levels: Immediate resistance is at 0.843 (upper Bollinger Band) and 0.894 (recent high).
2. Bollinger Bands:
The price is bouncing off the upper Bollinger Band (0.843), indicating that the market was recently in an overbought condition, prompting a pullback.
Bollinger Bands are widening, showing increased volatility in the asset.
3. RSI (6):
The RSI value is at 58.302, indicating the asset is in neutral territory but leaning towards bullish momentum. If it crosses 70, the asset will be considered overbought, and if it drops below 30, it will indicate oversold conditions.
4. MACD (Moving Average Convergence Divergence):
The MACD line (0.011) is above the signal line (0.021), indicating a recent bullish crossover. This is a positive sign of potential upward momentum.
However, the histogram shows a small difference between the two lines, meaning the bullish momentum is relatively weak for now.
5. Volume:
The trading volume (last candle) appears to have declined compared to the volume during the previous rally. This suggests the buying pressure might be cooling off. A breakout with low volume is typically less reliable.
Conclusion:
#Short-term outlook: The current indicators lean towards a neutral to bullish trend, with the RSI and MACD suggesting some upward momentum. However, the price action near resistance and declining volume could indicate a period of consolidation or even a pullback before another leg up.
Long-term outlook: The widening of the Bollinger Bands and overall upward trend suggest that, after a possible consolidation phase, APE/USDT could resume its upward movement if it breaks above the resistance at 0.843. #apecoin $APE
"A trailer for the game's new edition features ApeCoin logos, but a Yuga Labs spokesperson did not confirm whether in-game rewards would be paid out in the #cryptocurrency
The original game had players competing for a 1-of-1 NFT key, which the winner 'Mongraal' sold to billionaire Adam Weitsman for $1.63 million. The new game is set to be released for iOS, Android, Mac desktop, and Windows desktop users, with reports suggesting a February launch."
$APE #apecoin #gaming #binance #BAYC
The original game had players competing for a 1-of-1 NFT key, which the winner 'Mongraal' sold to billionaire Adam Weitsman for $1.63 million. The new game is set to be released for iOS, Android, Mac desktop, and Windows desktop users, with reports suggesting a February launch."
$APE #apecoin #gaming #binance #BAYC
LIVE
Binance News
--
ApeCoin Jumps 10% as Bored Ape Yacht Club Game Dookey Dash Announces Free-to-Play Edition
According to Decrypt, ApeCoin, the token of Yuga Labs' Bored Ape Yacht Club (BAYC) ecosystem, experienced a 10% increase on Wednesday following the announcement of a new free-to-play edition of the BAYC-themed game Dookey Dash. CoinGecko data shows that ApeCoin is currently trading at $1.58, up 10.1% in the past day and 17.9% on the week. The endless runner title Dookey Dash will launch a new 'Unclogged' edition with public access, previously limited to holders of Bored Ape Yacht Club's Sewer Pass NFTs.
A trailer for the game's new edition features ApeCoin logos, but a Yuga Labs spokesperson did not confirm whether in-game rewards would be paid out in the cryptocurrency. The original game had players competing for a 1-of-1 NFT key, which the winner 'Mongraal' sold to billionaire Adam Weitsman for $1.63 million. Yuga Labs announced on Twitter that holders of NFT collections, including Bored Apes and Mutant Apes, will receive 'token benefits' in Dookey Dash: Unclogged. The new game is set to be released for iOS, Android, Mac desktop, and Windows desktop users, with reports suggesting a February launch.
ApeCoin, an Ethereum-based token, serves as the official token of the Bored Ape Yacht Club ecosystem, which began with the 10,000-strong BAYC profile picture (PFP) NFT collection and later expanded to include spin-offs like the Mutant Ape Yacht Club. Although the BAYC collection was created by NFT firm Yuga Labs, ApeCoin was developed by the ApeCoin DAO, a decentralized autonomous organization established to govern the token and its roadmap. Tokens were initially allocated to BAYC and MAYC holders, with the token used to vote on community-led governance proposals for the DAO.
A trailer for the game's new edition features ApeCoin logos, but a Yuga Labs spokesperson did not confirm whether in-game rewards would be paid out in the cryptocurrency. The original game had players competing for a 1-of-1 NFT key, which the winner 'Mongraal' sold to billionaire Adam Weitsman for $1.63 million. Yuga Labs announced on Twitter that holders of NFT collections, including Bored Apes and Mutant Apes, will receive 'token benefits' in Dookey Dash: Unclogged. The new game is set to be released for iOS, Android, Mac desktop, and Windows desktop users, with reports suggesting a February launch.
ApeCoin, an Ethereum-based token, serves as the official token of the Bored Ape Yacht Club ecosystem, which began with the 10,000-strong BAYC profile picture (PFP) NFT collection and later expanded to include spin-offs like the Mutant Ape Yacht Club. Although the BAYC collection was created by NFT firm Yuga Labs, ApeCoin was developed by the ApeCoin DAO, a decentralized autonomous organization established to govern the token and its roadmap. Tokens were initially allocated to BAYC and MAYC holders, with the token used to vote on community-led governance proposals for the DAO.
$APE 1Day TF analysis:
• What a relief !!! $APE managed to break 📈 its weekly descending wedge and both horizontal trend line( Up to +99.55% in the last two days)
• My plan is simple:
-Scenario 1: APE price breaks 1.38$ and we long
-Scenario 2: We wait for some pullbacks and we long safely.
• If $APE has the strength to shift and strike through 1.38$ resistance level, expect a strong movement to the upside 📈. If not, i will consider longing on these key 🔑 levels: 1.12$ - 1.00$.
• Don’t get excited as for now it isn’t showing anything clear. The best thing to do is to wait and watch how the price will act. If we saw any opportunity to ride this beast, i will update you.
Stay connected #apecoin #ApecoinSurge
• What a relief !!! $APE managed to break 📈 its weekly descending wedge and both horizontal trend line( Up to +99.55% in the last two days)
• My plan is simple:
-Scenario 1: APE price breaks 1.38$ and we long
-Scenario 2: We wait for some pullbacks and we long safely.
• If $APE has the strength to shift and strike through 1.38$ resistance level, expect a strong movement to the upside 📈. If not, i will consider longing on these key 🔑 levels: 1.12$ - 1.00$.
• Don’t get excited as for now it isn’t showing anything clear. The best thing to do is to wait and watch how the price will act. If we saw any opportunity to ride this beast, i will update you.
Stay connected #apecoin #ApecoinSurge