|All Time High:|
|Market Cap: |
|The price of #APE today is $5.89 USD.|
The lowest APE price for this period was $0, the highest was $5.89, and the exact current price of one APE crypto coin is $5.88938.
The all-time high APE coin price was $26.90.
Use our custom price calculator to see the hypothetical price of APE with market cap of ETH or other crypto coins.
|ERC-20 governance and utility token empowering a decentralized web3 community.|
The code for ApeCoin is #APE.
ApeCoin is a newer coin by our records, at least 10.7 months in age.
|The current market capitalization for ApeCoin is $2,170,789,484.|
ApeCoin is ranked #29 out of all coins, by market cap (and other factors).
|The trading volume is very large during the past 24 hours for #APE.|
Today's 24-hour trading volume across all exchanges for ApeCoin is $126,858,109.
|The circulating supply of APE is 368,593,750 coins, which is 37% of the maximum coin supply.|
|APE is well integrated with many pairings with other cryptocurrencies and is listed on at least 66 crypto exchanges.|
View #APE trading pairs and crypto exchanges that currently support #APE purchase.
|Note that there are multiple coins that share the code #APE, and you can view them on our APE disambiguation page.|
Some updates: Mobile Game Leaderboard, APE FEST 2022 Dates, and More
Hey Apes, meant to get the BAYC x MAYC Mobile Game Competition leaderboard out last night but we’ve been having a pretty crazy weekend. Leaderboard and some other updates below!1. BAYC x MAYC Mobile Game Competition — Final Leaderboard A massive thank you to everyone who helped make the BAYC x MAYC Mobile Game Competition a success. We got rugged pretty hard there by Apple in December, but in the end we had thousands of Apes and Mutants battling through the sewers and were able to allow an even broader audience to experiment with the game. And we learned a LOT in the process. On the leaderboard: Two players were found to have cheated and both were excluded from the final leaderboard (oddly, neither landed above rank 250). There were a handful of other accounts that were flagged for suspicious activity, however we had insufficient evidence to prove conclusively that any of these accounts were cheating. In order to be fair to any false positives, we have decided to extend the prize tiers by the appropriate number of users (note: There was only one suspicious account in the top 50, and 4 in the top 100). See below for the final prize tiers: BAYC (APES vs MUTANTS) -1st Place: The BAYC Pinball Machine (a custom-built arcade piece) -Top 50: BAYC Bronze-Cast Statuette -Top 102: Artisan-Made BAYC Bong -Top 256: Trippy Captain’s Hat -Top 1000: Curtis Plush Toy MAYC (MUTANTS vs APES) -1st Place: The Mutant Mobile (Conv...
More ApeCoin (#APE) News
|ApeCoin Buckles As News Of Stolen BAYC NFT Hits The Market
The Bored Ape Yacht Club NFT collection has been the target of an exploit this January 20th. FranklinIsbored, one of the biggest holders of BAYC NFTs, is targeted with an exploit of OpenSea’s stolen ApeCoin policy which allowed the attacker to sell a marked Bored Ape.
This Bored Ape was marked as “under review for suspicious activity” which supposedly locks the NFT from being sold. Franklin has been the target of this exploit for the second time this week with the first one being January 20.
Hey @opensea can you PLEASE fix your stolen ape policy? This ape with a yellow caution mark sold to my OpenSea WETH offer for 65 WETH. You collected 1.625 WETH in fees, and I cannot resell this ape. It was already marked before the sale happened. You have failed with this policy. pic.twitter.com/jGO9sClKbi
— Franklin (@franklinisbored) January 20, 2023
Since then, ApeCoin, the native token of the Bored Ape Yacht Club ecosystem, has fallen 1.3% in value in the past 24 hours. APE is currently trading at $5.80, up 16.6% in the last seven days, data from Coingecko show.
The Gist Of The Situation
The two exploits happened within three days of each other. According to Franklin’s tweets, the flagged apes can’t be sold since they are subjected for review. These stolen assets shouldn’t have been sold in the open market according to OpenSea’s stolen item policy.
The exploit works as the attacker uses OpenSea’s &ld...
|ApeCoin Climbs 21% In Last 7 Days As Sentiment Remains Bullish
Investors and traders of ApeCoin (APE) have been seeing some big gains since the start of 2023. With the crypto market experiencing a surge in prices, ApeCoin has been riding the bullish wave upwards showing gains on almost all timeframes.
ApeCoin is riding the bullish momentum, while Yuga Labs’ Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) remain some of the dominant collections available on the NFT market.
According to DappRadar, the two collections are first and second in terms of trade volume in the past month. However, with the recent Yuga Labs situation, will APE remain profitable to investors?
Yuga Labs Lawsuit And How It May Affect ApeCoin
Recent information about the lawsuit filed against Yuga Labs can affect APE’s ability to continue its bullishness.
According to news, a federal judge ruled that Greg Solano and Wylie Aronow, the co-founders of Yuga Labs which created BAYC and MAYC, must face deposition in the most recent escalation between the company and Ryder Ripps who launched a counterclaim along with co-defendant Jeremy Cahen.
The saga started back in June of 2022 when Yuga Labs filed a lawsuit against the artist, claiming that Ripps was scamming buyers of BAYC with supposed intentions of harming the company. Ryder has been a vocal critic of the Yuga Labs and BAYC, going as far as calling the community a brainwashed cult.
'bayc is not a brainwashed cult'
— RYDER RIPPS (...
|ApeCoin Charts Monthly High, Bitcoin Calm Below $17K (Weekend Watch)
Bitcoin continues to be unable to overcome $17,000, despite briefly jumping above that level yesterday.
The altcoins have also calmed following the notable gains charted at the start of the weekend. ApeCoin, though, has marked a near one-month high.
Bitcoin Stalls Below $17K
2022 brought little joy for the bitcoin bulls and the end of the year was quite similar, with the asset falling to a multi-week low of under $16,500. After a few calm days around New Year's Day, the cryptocurrency began to increase in value on Monday.
The next few days were similar, with BTC adding a few hundred dollars. This culminated in a price jump toward $17,000, but bitcoin couldn't challenge that line until early Saturday morning.
This is when the asset was finally able to tap that coveted level for the first time since December 20. However, the bears were quick to intercept the move and pushed BTC south almost immediately.
Bitcoin has remained inches away from $17,000 since then and has not made any big moves as the trading volumes have declined as with previous weekends.
Consequently, BTC's market cap is just over $325 billion, while its dominance over the alts is at 39.6%.
BTCUSD. Source: TradingView
ApeCoin Marks Monthly High
The best performer in the past week or so has been Lido DAO (LDO), as the popular DeFi project began a battle with MakerDAO for the TVL throne. While the latter has taken back its first position as of now, LDO has skyrocketed by double digits within a week. The past 24 hou...
|Earn 175% APR Through ApeCoin (APE) Staking on LBank Exchange
PRESS RELEASE. INTERNET CITY, DUBAI, Dec 16, 2022 – LBank Exchange, a global digital asset trading platform, has recently launched ApeCoin (APE) staking in its 'Earn” – “Flexible” section, users will be able to earn APE token with an annual return of 175% (floating adjustment), and withdraw anytime without locking.
APE Staking Is the New Trend
Recently, ApeCoin DAO (ApeDAO) has established an official staking protocol for ApeCoin (APE), which was created as a way for APE, BAYC, MAYC, and BAKC holders to earn rewards through staking. APE can be staked by itself or in conjunction with a BAYC, MAYC, or BAKC in one of the four staking pools, with each pool offering different levels of rewards.
The protocol was proposed in AIPs 21 and 22 and subsequently approved by the community on May 4, 2022. Following approval, the Ape Foundation enlisted Horizen Labs to provide a platform for the staking protocol according to the specifications set forth in the AIPs.
Staking is a common way to earn passive income in crypto space. This protocol basically allows holders of APE to put their idle tokens to work by staking them within various pools and earning additional rewards in the form of more APE. Being more than just a simple staking pool, the protocol has the distinction of offering layers of rewards for holders of certain NFTs. These NFTs grant holders access to exclusive staking pools, operating like a safe-deposit box key.
According to the recent data on du...
|ApeCoin Soars 16%, Dogecoin Taps 3-Week High (Weekend Watch)
Bitcoin keeps trading without any substantial movements, similar to the previous weekend, and seems stuck around $16,500.
Its dominance has taken another minor hit as some alts, such as Dogecoin and ApeCoin, have jumped by impressive percentages.
APE, DOGE Pump Higher
Most of the larger-cap alternative coins stand quiet today, with little-to-no movements, which is somewhat expected as the trading volumes are down again during the weekend.
Ethereum, Binance Coin, Ripple, Cardano, Polygon, Polkadot, Litecoin, Shiba Inu, OKB, and Solana are either with minor gains or insignificant declines.
Dogecoin is among the few exceptions. After pumping by double digits yesterday, DOGE is up by another 6% today. As a result, it has neared $0.1 for the first time in about three weeks.
ApeCoin has surged the most from the top 50 coins. A 16% increase has taken the asset to almost $3.8.
With most other altcoins sitting calmly again, though, the crypto market cap has stalled around $840 billion.
Cryptocurrency Market Overview. Source: Quantify Crypto
Bitcoin Continues to Stand Flat
Unlike Dogecoin or ApeCoin, Bitcoin's performance has been quite underwhelming in the past few days. The asset had dumped to a two-year low during the working week at around $15,500. However, the bulls stepped up at that point and pushed the asset north.
This culminated in reclaiming $16,000 and jumping to almost $17,000. However, BTC failed at that point and dropped back down to $16,500.
Bitcoin has been stuck aroun...
|ApeCoin Geo-Blocks North American Users From Staking
North American crypto users will be restricted from staking ApeCoin, the ERC-20 metaverse token issued by Yuga Labs, according to a company statement on Wednesday.
The ApeCoin DAO claimed the “current regulatory environment” left it with “no good alternative” but to selectively geo-block the service in numerous areas, including Canada and the United States.
Yuga Bends to Regulators
In its latest project update, ApeCoin offered details about the upcoming launch of ApeStake.io. The site goes live on September 5th, after which the associated smart contract will be funded within two days. Stakers may begin accruing rewards one week after launch on December 12th.
However, as detailed at the bottom of the page, staking ApeCoin may prove far more difficult for some users than others, depending on their location. Countries and regions including the United States, Canada, Syria, Iran, Cuba, Russia, Crimea, Donetsk, and Luhansk will all be geo-blocked from staking.
“We are aware that geoblocking some users in North America is inconvenient for many members of the Apecoin community,” said Yuga. “Unfortunately, in today’s regulatory environment, we had no good alternative.”
“Staking” in crypto often refers to locking up one’s cryptocurrency to secure a given blockchain network, while being rewarded with network fees and subsidies. It may also refer to any service requiring someone to lock up their digital ...
|Weekend Watch: ApeCoin Up 7%, Algorand Soars 10%
Bitcoin continues to be unable to conquer $17,000 and struggles beneath that line on low Saturday trading volumes.
Most alts are quite stagnant today, with little-to-no substantial moves. Algorand is among the few exceptions.
Bitcoin Boring Below $17K
The past week was significantly different that the previous one, in which bitcoin experienced some of its most violent price declines following the rapid collapse of FTX. In a matter of days, the asset went from over $21,000 to under $16,000 to mark a new two-year low.
However, the bulls tried to intervene at this point and pushed BTC north to around $18,000. It failed there and returned back down below $17,000 this past Monday. Since then, it has remained relatively calm, around $17,000, but failed to breach that level despite its numerous attempts.
The last such one came at the end of the working week, but the bears stopped bitcoin just shy of $17,000. As of now, BTC stands a few hundred dollars away from that line, meaning that its market cap is still struggling to stay above $320 billion.
Its dominance over the altcoins has also remained still and is at 38.5%.
BTCUSD. Source: TradingView
ALGO Steals The Show
Most altcoins have also calmed lately, and the past 24 hours are no different. Ethereum, which experienced similar price dives following the FTX crash, struggles around $1,200, having dipped below that level earlier this week.
On a daily scale, most larger-cap alts are slightly in the red. These include Binance Coin, Rip...
|Apecoin Price Likely To Climb 20% If APE Can Sustain Its Energy
Apecoin (APE) is currently having a challenging start for November as it continues to paint its chart in red, declining by almost 15% over the last 30 days.
The main cryptocurrency of the Bored Yacht Club ecosystem that was launched in March 16, 2022 is changing hands at $4.44 according to tracking from Coingecko.
Here's a quick glance at how APE has been performing this month:
Apecoin finally managed to break out of its bearish price pattern after six months
APE has been down by 6% over the last seven days
A 20% surge is possible if volume spike is sustained beyond the $5 marker
During the last 24 hours, the token went down by 7.2% and has lost 6.2% of its value over the last seven days.
Still, for a newly released crypto, it has been performing well, placing 40th in raking according to market capitalization with its $1.40 billion overall valuation.
Also, while Apecoin is struggling right now, its technical indicators are pointing at a possible massive surge that could happen anytime soon.
Apecoin Ends Bearish Pattern With A Bullish Breakout
Shortly after being released, APE immediately became a victim of the volatile nature of the crypto market as its price was caught in a descending triangle pattern which is a bearish one.
But, in November 5, Apecoin managed to break free from the descending loop and started to gain some ground to initiate a bullish movement.
The following day, the crypto not only reached the $5 marker but ultimately surpassed it as it peaked at $5.2...
|Apecoin (APE) Price Ranges As Altcoins Rally; Are Bulls In Control?
APE's price fails to rally high as the price continues to stall in its price movement despite the market looking green across boards.
APE's price continues to trend below key support as the price tries to build more strength to overcome this area of resistance that has held the price from rallying.
APE's price remains indecisive on the daily timeframes as the price trades below the 50 and 200 Exponential Moving Averages (EMA). The price of Apecoin (APE) has failed to rally like other altcoins in the past few weeks as the price continues to stall in its price movement with little hope of a rally to a high of $10 ahead of its anticipated staking. The crypto market has enjoyed a bit of relief across all assets, with Bitcoin (BTC) showing great traction, rallying and dragging the market. Apecoin (APE) has remained relatively slow in recent days as buy orders have become slow due to the price facing resistance to breaking higher. (Data from Binance)
Apecoin (APE) Price Analysis On The Weekly Chart
The past week has seen many altcoins continue to produce over 200% gains over the past 7 days of breaking out of their range-bound movement, as many believe more hope could be settling into the crypto space once more.
The new week has looked a bit skeptical, but things are beginning to shape up and looking more promising for some altcoins, like BAND, rallying over 100% in less than 24 hours, showing the price action and volume for buy orders.
|ApeCoin Shows Bullish Bias; This Level Needs To Be Broken For A Rally To...
APE's price shows strength as it bounces from a downtrend range price rallied to a high of $5 with eyes set on $7.
APE could rally more as the price creates more bullish bias by breaking out of a downtrend triangle with eyes set on rallying higher. APE's price remains strong on the daily timeframe below the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price action displayed by Apecoin (APE) in the past few days has been tremendous, with Bitcoin (BTC) creating a more bullish scenario across the crypto market; this has also propelled the price of Apecoin (APE) from its key support area. The crypto market is looking increasingly welcoming as many altcoins continue producing over 50% gains. The likes of DOGE have seen some great runs in recent times rallying from a low of $0.055 to a high of $0.15, with many others, like APE showing great recovery signs. (Data from Binance)
ApeCoin (BTC) Price Analysis On The Weekly Chart
Apecoin (APE) has struggled to regain its bullish momentum in recent times; despite the uncertainty that has befallen the crypto space, the price of APE has enjoyed a measure of relief after showing so much strength on the weekly low, rallying to a high of $5.
Previous weeks have been nothing short of a tough and boring time for APE price as price continued in its range movement around $4.2, holding above key support area haven enjoyed some great rally during the 'Otherside' metaverse sale.
After its weekly close of above $4...
|Bitcoin Dipped to 9-Day Low, ApeCoin Soars 7% (Weekend Watch)
Bitcoin's fight to remain above $19,000 didn't go all that well yesterday, as the asset fell to a 9-day low of $18,600 before bouncing off.
The altcoins also went through similar price movements, but most are slightly in the green on a daily scale, including APE's notable surge.
Bitcoin's New Local Low
Ever since the end of the previous working week, bitcoin had calmed after the storm and stood at around $19,000. It spent most of the weekend there, and Monday was no exception.
Only as Tuesday was approaching the asset went on the offensive and spiked to $19,600. It was stopped there at first, but it initiated another leg up a day later. However, to no avail again as the bears pushed it south.
As such, BTC returned to a familiar ground of around $19,000 and started fighting for it. Yesterday, though, the cryptocurrency took a sharp dive below that level and dipped to $18,600, which became its lowest price tag since the massive volatility on October 13.
However, the asset reacted well to this drop, bounced off, and now stands inches above $19,000 once more. Its market cap is at $365 billion, while its dominance over the altcoins sits tight at 40%.
BTCUSD. Source: TradingView
ApeCoin Stands Out
Most altcoins experienced a similar ending to the working week but have reclaimed some ground as Saturday arrived.
Ethereum is close to $1,300 after a minor 24-hour price increase. Binance Coin, Cardano, Dogecoin, MATIC, Shiba Inu, and Uniswap have seen similar price pumps in a day.
|Why ApeCoin Traders Should Expect The Next Coming Days To Be Tough For A...
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, Wednesday.
Support For Current Price Range
There is a price range of $4.3145-$6.4290 for the coin right now. The aforementioned $4.3145 range is providing support for the current trading range. In August, bulls used the latter method to try to break over the $7 resistance level.
The token has recently established a bearish XABCD pattern, often known as a double triangle. When the token's price fell below the $5 support level it had been hovering above since the middle of September up to October 10, the bearish pattern intensified.
The market's reaction to this apparent price break was strongly bearish, and the resulting sell-off drove prices down by 19.43%. The market is currently trading in the green, though, as investors attempt to recover from the recent downturn.
Hope Or False Optimism? For the token, the present trend reversal is not unprecedented. The price increase ...
|ApeCoin Crashes 7% Following SEC Probe Against Yuga Labs
ApeCoin (APE) is trending to the downside as the U.S. Securities and Exchange Commission (SEC) announces an investigation against its parent company, Yuga Labs. The creators of popular non-fungible token (NFT) collections, including Bored Ape Yacht Club (BAYC), the regulator will look into a potential violation of their securities laws.
According to a report from Bloomberg, the Commission will investigate the “affinity” of the digital assets minted and promoted by Yuga Labs and the possibility that these NFTs are “more akin to stocks”. This would place the crypto company in an alleged violation of U.S. federal law.
The report quotes a source familiar with the matter, this individual also claims that the investigation will extend to ApeCoin, the native token that supports ApeCoin DAO governance model offering its users access to a staking mechanism. Via this token, holders can make decisions related to the project.
APE was launched as part of an initiative to provide BAYC investors with more voice and power over the project via the ApeCoin DAO. Via social media, many users are expressing concern about the future of the DAO and its staking mechanism leading to the crash in the price of the token.
In a statement to Bloomberg, a representative for Yuga Labs stated:
It’s well-known that policymakers and regulators have sought to learn more about the novel world of web3. We hope to partner with the rest of the industry and regulators to define a...
|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.
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 a...
|ApeCoin (APE) Sees Higher Prices Even In Bearish Market Conditions
After the emergence of Decentralized Finance, Non-fungible tokens erupted in the crypto space. The novel sector carried its frenzy wave for a long time before normalizing and continuing a gradual expansion. One of the notable coins from the NFT sector is ApeCoin.
ApeCoin is built on Ethereum and connected to the Bored Ape Yacht Club NFT launched in 2021. But the coin has surpassed the predictions and is currently trading at $5.65 on September 20. Though the ApeCoin APE, at the time of writing, has lost over 7% in the last 24 hours, it added over 10% in the last week. The achievements place it above many coins presently trading in the red.
Many investors now wonder what the force behind ApeCoin’s growth could be. A little research showed that the recent event on its network could have helped to boost the price gain.
On September 17, ApeCoin treasury gifted 25 million APE tokens to launch contributors. These tokens were part of the ones reserved after launch.
The event news pushed APE up almost immediately before it settled down again. Fast-forward to September 20, the market sentiment for APE is still positive, gradually moving its price above others in the same league.
APE's price is currently hovering above $5.50. | Source: APEUSD price chart from TradingView.com
Why Is The Crypto Market Bearish? The early hours of September 19 saw the whole crypto market in the red. Many coins lost their previous price gains and crashed. This trend started on Septemb...
|ApeCoin Eyes $10 Ahead Of Staking, Could This Be A Bullish Catalyst?
APE looks bullish ahead of staking as this could be one of the most anticipated stakings in crypto. Price reclaims 50 exponential moving average (EMA) on the daily timeframe
ApeCoin price breaks out of an asymmetric triangle setting up a bullish scenario
ApeCoin (APE) has seen more turbulent times than a rosy start as its price tumbled from $27 to $4 but could be set for a major run ahead of its impending staking scheduled to start in the fourth quarter of this year. The price of ApeCoin (APE) has shown great strength against tether (USDT) ahead of the staking despite the crypto market faced with price uncertainty. (Data from Binance platform)
ApeCoin (APE) Price Analysis On The Weekly Chart
Although so much speculation about the price of APE performing so well, like its Bored Ape Yacht Club, Mutant Ape Yacht club, and of course, the sale that generated so much talk in the crypto industry, 'the Otherside' land sale. The performance of APE was short-lived as the market continued to see a decline in the price of crypto assets.
The price of APE on the weekly chart got rejected as the price tried breaking above $7.5, with the price falling to a weekly low of $4. The price of APE bounced from that level with what seems to be an area of high demand for the price of APE.
APE price rallied from this region to $5.7, where it has been faced with resistance to breaking above this region to trend higher. The price of APE needs to break and hold above $6 to resume its ...
|ApeCoin (APE) Shows Signs Of Recovery, But Mini-Rally Could Be Short-Liv...
ApeCoin has had a long and complex history. When it was first released on March 17, it was immediately put to the test by the same market forces that were responsible for the general crypto market's slump.
The coin's price has broken through the resistance of a head-and-shoulders pattern, rising to a new all-time high of $5.63. This may portend an impending upswing, but technical signs are pointing in the opposite direction.
Overall, both bulls and bears have been able to make little gains in APE coin, making the overall trend neutral. There is a double bottom pattern on the coin as well. This pattern could foretell a continuation of the current downward trend.
ApeCoin: Robust Buy Signals Likely
However, this downward tendency has not materialized, yet. The current APE coin mini-rally may be a short-lived upsurge following the decline that began on September 13.
There have been double bottoms and single bottom reversals in the price of APE coin recently. Bearish feeling among investors can only be reversed if the price is able to sustain itself at the 78.60 percent fib level. The result may be more robust buy signals for market participants.
We anticipate that APE's price will rise when the crypto market recovers alongside the broader financial sector. And that's if the cryptocurrency market can ignore the impending bad CPI news and interest rate increase.
The value of alternative cryptocurrencies like APE coin is highly correlated with Bitcoin's market price. This coefficie...
|ApeCoin Skyrockets 16% Daily, Bitcoin Taps $20K (Weekend Watch)
After the recent volatility and price declines, bitcoin finally saw some relief by touching $20,000.
Most altcoins have seen slight gains as well. Once again, though, Ripple stands out as the best performer from the larger-cap alts, while ApeCoin has soared by 16%.
BTC Back at $20K
It's safe to say that the past week or so didn't go all that well for the primary cryptocurrency. The asset had spiked to a multi-week high at just under $23,000 on September 13, but the overall bearish sentiment and the US CPI numbers brought it down quickly.
In a matter of a day, bitcoin found itself fighting to stay above $20,000. Although it did so initially, it inevitably fell below it at the end of the working week.
BTC's weekly low came at $19,300, marked on Friday, but the asset reacted somewhat positively at that point and bounced off by a few hundred dollars.
It kept climbing in on Saturday and early on Sunday, and thus it currently exceeds $20,000. Nevertheless, its market cap is still below $400 billion, while its dominance over the altcoins has stalled at 39.5%.
BTCUSD. Source: TradingView
XRP, APE on the Go
Ever since the much-hyper Ethereum Merge took place on Thursday, the price of the native cryptocurrency has struggled. Initially, it reacted calmly to the PoW-to-PoS change but began its freefall in the following hours.
Thus, ETH dumped from $1,600 to a multi-week low beneath $1,400 in about a day. As of now, the second-largest crypto stands at $1,450 after a minor daily increase.
|ApeCoin Climbs 4.3% In Last 7 Days – Where's APE Getting All That ...
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.
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.
|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)
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
Daily Price Chart | Source: APEUSDT On Tradingview.com
APE saw its pri...
|APECoin Retraces 2.5% In Last 7 Days – More Selloff In The Offing?
ApeCoin (APE) has been a high-performer with the price surge seen in the past couple of weeks.
ApeCoin moving erratic in an ascending parallel channel. Price maintains to hold above the key support zone of $6.5. APE/USD pair gearing sideways spotted at 0.000286 Satoshis. The buying pressure has been impeccable pushing the prices way up. With the recent uptrend, APE registered a 9-week high peaking at $7.8 in the past week.
On the other hand, buyers are trying to keep the coin soaring this week – and it seems like they’re facing hard times. The altcoin is seen to retrace by 2.5% as seen in the past seven days with increased selloffs looming in the next coming days.
APECoin Price Trades at $6.83
According to CoinMarketCap, APE coin price has dropped by 1.39% and trading at $6.83 as of press time.
A weekly price candle has shaped up in conformity with the past bullish candle. On the 4-hour timeline, the altcoin’s price action is observed to appear with a strong wave of higher-lows and higher-highs within the ascending parallel channel.
At this point, buyers are trying to maintain APE as it hovers above the support line of $6.5.
A bullish hurdle for the bulls is spotted right at $8.0. Now, if the bulls are able to breach this critical resistance zone, then $10 may be the next target. The RSI for APE has hovered downwards to revisit the semi-line as seen on the daily price timeline.
Despite the MACD staying above the neutral zone, it still looks rather tepid or...
|Bitcoin Dropped to 9-Day Lows, ApeCoin Spikes 6% (Market Watch)
After breaking below $20,000 yesterday, bitcoin kept nosediving and dipped to a 9-day low of just over $19,000. The altcoins seem quite stagnant on a daily scale, with ApeCoin being among the few exceptions with a 6% increase.
Bitcoin Saw Another Low
Last week went positively for the primary cryptocurrency, which spiked to nearly $22,500 to mark a three-week high. However, that leg up was short-lived, and the asset began retracing shortly after.
Once the weekend came, bitcoin had calmed in a range between $21,000 and $22,000 and spent most of it there as the trading volume was missing.
On Monday, though, BTC started to lose value rapidly and came just inches away from breaking below $20,000. While the bulls defended that price tag at first, the asset ultimately dropped below it on Tuesday.
The past 24 hours brought a bit more pain as bitcoin slipped to $19,200, which is a new 9-day low. As of now, though, it has recovered some ground and stands close to $20,000. Its market cap is back at $375 billion, while its dominance over the alts is just under 43%.
BTCUSD. Source: TradingView
Notable Bitcoin News
Glassnode's latest weekly report suggested that bitcoin might not have formed its price bottom yet.
Numerous BTC miners based in Texas said they will pause their operations due to extreme weather conditions.
Altcoins Stall, Ape Soars
The alternative coins also went down in the past few days, but they have calmed on a daily scale.
Ethereum stood above $1,250 at a multi-week high ...
|Top 100 Apecoin Holders Control Over 51% of the Supply, APE Lost 81% in ...
Back in mid-March 2022, Bored Ape Yacht Club's (BAYC) Apecoin DAO launched and airdropped millions of apecoin tokens to specific NFT holders. The crypto asset dedicated to the BAYC ecosystem tapped an all-time high two months ago reaching $26.70 per unit on April 28. However, apecoin is down more than 81% since that day and despite the fact that 80,744 unique addresses own APE, the top 100 addresses control 51.21% of the circulating supply.While Apecoin's Price Slips Lower, Concentration of Large APE Holders Remains the Same
Just over two months ago, the crypto asset apecoin (APE) made headlines after the Apecoin DAO distributed millions of apecoin (APE) to NFT owners. APE was airdropped to BAYC, Mutant Ape Yacht Club (MAYC), and Bored Ape Kennel Club (BAKC) holders.
On March 17, APE was exchanging hands for $10.36 per unit or 53% higher than the price today ($4.81 per APE). After the launch, APE continued to rise in USD value and by April 28, apecoin reached an all-time high (ATH) of $26.70 per unit.
At that time on April 28, APE had a circulating supply of around 284,843,750 tokens and it held the 22nd largest market valuation out of 13,000+ crypto assets. During the ATH, APE's market cap had a dominance rating of around 0.40% as well. Moreover, at the time APE's concentration of whale entities was quite large in comparison to most of the top coins.
Today, is an entirely different story, at least for APE's crypto market performance. During the past month, apecoin has shed &...
|ApeCoin Climbs 22% After Snoop Dogg-Eminem Bored Ape Video Launch
ApeCoin (APE), the native Ethereum currency of the famous NFT collection, is one of the fastest-growing NFT and Metaverse crypto projects in the blockchain ecosystem today.
Upon its March 18, 2022 launch, ApeCoin instantly began a parabolic climb. The rally's apex allowed Apecoin's market capitalization to reach $7.45 billion.
The APE token was valued at $4.92 at the time of writing, down marginally from its morning high of $5.26. In the past week, ApeCoin has increased by more than 35%.
As of Friday, intraday trading volume for APE has plummeted by 43%. This indicates that APE is receiving peer selling pressure and is approaching the consolidation phase's bottom trendline. The volume to market cap ratio of the coin is 0.3129.
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ApeCoin Getting Some Lift From Rappers
The price of ApeCoin reached an all-time high of over $27 in late April ahead of virtual land NFT sales for the Bored Ape Yacht Club's Otherside metaverse game.
ApeCoin holders can vote on ApeCoin DAO governance proposals using ApeCoin.
The recent price increase of APE may have been partially prompted by the release of a new music video featuring Snoop Dogg and Eminem as animated versions of their Bored Ape avatars.
In the music video for their new single 'From The D 2 The LBC,' Snoop Dogg and Eminem get stoned and transform into animated versions of their BAYC avatars.
The song debuted at the conclusion of this year's ...
|ApeCoin Shed $2.5 Billion From Its Market Cap In May – Investor Ap...
The month of May's crypto market disaster did not fail to bring down along with it one of the 'rising stars' in the crypto space, ApeCoin.
ApeCoin price has shown a robust performance in the face of the crippling crypto market crash. However, the bulls were still able to lift APE by about 50% higher from the coin's low at $3.11.
As of this writing, APE was trading at $4.25, up 4.1% in the last seven days, and selling just below the newly established swing high at $4.35.
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ApeCoin Market Cap Down By Half
Thursday's data from Coingecko indicates that ApeCoin is among the top 50 crypto assets by market capitalization, having closed May with a market value of around $1.27 billion.
As a result of the decline in the value of other digital currencies, this amount appears large, but it reflects a 56 percent decline from its market value. APE's high trading volume of $3.37 billion as of May 1 translated to a market value in excess of $4.55 billion.
A high volume of liquidation by coin holders rose on May 1 and accelerated from May 9 to 13, contributing significantly to the decrease in APE's market value.
Experts say this is because of the broader geopolitical and global climate, including uncertainties in the ongoing war in Ukraine, among other factors.
Factors Contributing To APE Price Decline
It's not just in the crypto field that things are not looking bright. Living expenses are growing, ...
|ApeCoin is Not Moving Away From the Ethereum Ecosystem, Yet
The conflict of interest surrounding which blockchain will host the Apes have imploded after a tumultuous token launch back in March. As many buyers expressed dismay over the much-anticipated virtual land sale by Yuga Labs, a solution of a potential departure from Ethereum was suggested. But more than half of the ApeCoin participants have chosen to remain there.
Not Moving Away From Ethereum
ApeCoin DAO, the decentralized organization that enables APE holders to vote on token-related governance decisions, released an official proposal on May 2 to debate whether ApeCoin should remain on Ethereum or migrate to other chains. An unknown user named BAYC 2491, also known as ASEC, came up with the ApeCoin improvement proposal (AIP) dubbed 'AIP-41: Keep ApeCoin within the Ethereum ecosystem.'
The proposal stated,
'We the ApeCoin DAO believe that, at least for the time being, ApeCoin should remain within the Ethereum ecosystem, and not migrate elsewhere to an L1 chain or sidechain not secured by Ethereum.'
Votes were pulled from the APE holders who either agree or disagree with this statement. Even as the demand for the token surged to levels never seen before, gas fees on Ethereum skyrocketed, rendering it prohibitively expensive for many buyers, the final vote of the community, with a majority of 53.59%, advocated against migration.
The AIP-41 also stated that moving to a different chain will be a costly, risky, and complex affair that may lead to catastrophe if not thoughtfully con...
|Apecoin Community Votes on Keeping APE Token in the Ethereum Ecosystem
The Apecoin community is in the midst of discussing whether or not the crypto asset should remain within the Ethereum ecosystem. While AIP-41 voting started today, the proposal's voting process will end on June 8, 2022, at 9 p.m. (ET). Meanwhile, the project's native token APE has lost 57% against the U.S. dollar in the last 30 days.Apecoin Community Begins Voting on Whether or Not Asset Should Remain Operating on Ethereum
This week the Apecoin community is voting on whether or not the native token apecoin (APE) should remain on the Ethereum blockchain. The voting process was announced by the official Apecoin Twitter account in order to update the community. 'The proposal up for a vote is AIP-41 which proposes ApeCoin to stay within the Ethereum ecosystem,' the tweet explains. 'Voting ends next Wednesday, June 8th at 9PM ET, so be sure to vote before then.' The tweet also links the Apecoin Improvement Proposal (AIP) 41, which summarizes the debate.
The summary cites the Bored Ape Yacht Club (BAYC) creators Yuga Labs when the company stated in a tweet that APE needed to migrate to another blockchain. 'It seems abundantly clear that apecoin will need to migrate to its own chain in order to properly scale,' the company said on April 30. According to AIP-41, the Apecoin DAO believes 'ApeCoin should remain within the Ethereum ecosystem, and not migrate elsewhere to an L1 chain or sidechain not secured by Ethereum.' The Apecoin DAO further states:
Migrating to a different chain is ...
|Apecoin Integrates With Polygon, DAO Board Member Says Native APE Chain ...
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 metaverse land sale which has been the largest NFT collection in terms of sales during the last seven days.
Week-long statistics from cryptoslam.io show Otherdeed has seen $721,337,124 in sales to date. Moreover, the crypto token apecoin (APE) and its transactions during the sale, pushed ether gas fees significantly higher during the metaverse deed sale.
The Bored Ape Yacht Club (BAYC) creators, Yuga Labs, said at the time that it 'seems abundantly clear, that Apecoin will need to migrate to its own chain in order to properly scale.' However, instead of a separate Apecoin network, the token built on Ethereum is now integrated with Polygon and an Apecoin DAO board member said there might not be a separate Apecoin blockchain.
1/ Following the @OthersideMeta mint we saw a series of reactions & discussions in & around the @apecoin community including that $ape should move to its own chain to limit issues...
|Analysts Predict ApeCoin To Hit $50 By End Of 2025 – And $100 By 2...
As Bitcoin and Ethereum price remain bearish for the longest time now; barely hitting above $40,000 for BTC and not going over $3,000 for ETH, ApeCoin, on the other hand, is on fever-pitch with price prediction of up to $100 by 2030.
And to think, the coin is just warming up.
Both Bitcoin and Ethreum have been struggling and are down by 20% since April. Meanwhile, it’s all rainbows and sunshine recently for ApeCoin, a coin connected to the Bored Ape Yacht Club NFT collection that is now dubbed as a $7-billion coin.
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Now, cryptocurrency titans and experts recently announced a price prediction for ApeCoin as it skyrockets to 50% in a week’s time following its NFT sale.
Dimitrio Salampasis, a FinTech speaker and lecturer at Swinburne University of Technology, is very optimistic and bullish with ApeCoin. His current prediction is $45. However, he says ApeCoin will be worth $10 come 2030.
The ongoing rush or hype with NFTs greatly impact the coin's performace. Salampasis feels that crypto is overhyped at some point and it would gradually lose its value over time when the hype dies down.
However, Salampasis believes that now is the best time to sell ApeCoin. However, some of his co-panelists think that it’s time to HODL APE. Still, a few percent say now is definitely the time to buy.
Finder Co-Founder Fred Schebesta gave his forecast as well. He...
|BAYC's Otherside: Nearly $200M Gas Burnt in Hours, ApeCoin Crashes...
The highly-anticipated virtual land sale related to Yuga Labs' metaverse project went live hours ago and affected a large portion of the entire crypto market. The massive demand led to ETH fees worth nearly $200 million, while ApeCoin's price slumped by double digits after the sale.
Ever since Yuga Labs, the creators of popular NFT projects such as Bored Ape Yacht Club, announced the metaverse project Otherside, the anticipation for the actual sale was soaring.
This led to a substantial price increase for BAYC's native coin - ApeCoin - as the organization said it will be used to purchase virtual land. Somewhat expectedly, APE charted an all-time high just a few days before Yuga Labs' sale went live.
Hours ago, the sale indeed went live and caused massive disruptions for the Ethereum network - the blockchain that it's built on.
Data from Etherscan shows that users have paid almost 64,000 ETH in fees, equaling over $175 million, in the past 24 hours in relation to Otherside.
Will Papper, the co-founder of Syndicate DAO, said the contract had 'nearly zero gas optimizations' and provided a few 'tricks' that could have 'saved many millions.'
The ERC721Enumerable extension is mostly unnecessary. In the majority of cases, tracking ownership on-chain is not useful.
Why? You can just grab the data off-chain on the front-end and pass it into smart contracts instead! Every front-end is able to handle this easily.
— Will Papper ? (@WillPapper) May 1, 2022
Yuga Labs also addres...