ApeCoin (APE) Becomes Third Most-Purchased Crypto by Top-100 Ethereum Wallets

ApeCoin has surpassed Tether (USDT) and Loopring (LRC) as the third most purchased cryptocurrency after Ethereum (ETH) and USDC by the top-100 Ethereum wallet addresses. The post ApeCoin (APE) Becomes Third Most-Purchased Crypto by Top-100 Ethereum Wallets appeared first on BeInCrypto.

Timeline of Apecoin-ape, Ethereum

With the crypto market plummeting to 2022 lows, major whales appear to be heavily buying stablecoins and a few select tokens. While this has done little to support prices, given that selling is largely outpacing buying, whale transactions could help indicate which tokens are set for a quicker recovery.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Ethereum price has been hovering inside a trading range since the sell-off in January.

The NiceHash mining software has released an update that unlocks 100% Ethereum hashrate on Nvidia's LHR RTX graphics cards. Ethereum Miners Can Now Completely Circumvent Nvidia's LHR The “Lite Hash Rate” (LHR) is an updated version of the RTX graphics cards series that comes preinstalled with a limiter on the mining power.

Ethereum price analysis is bearish today as we have seen a further decline over the last 24 hours, leading below the $2,400 mark over the last hours. Likely the bearish momentum will continue even further, with the next major target at $2,300.

Ethereum (ETH) has fallen back to its previous low of March 7. On March 7, the second largest cryptocurrency fell to the low of $2,447 and then recovered. Today, the Ether price has fallen and is hovering above the $2,425 level.

Fear dominates the crypto market, following six weeks in the red. Many large caps have lost their long-term support, and ETH is one of them after reaching its lowest level since February 24, the day of the invasion.

According to recent news, Instagram might introduce support for non-fungible tokens (NFTs) as soon as next week. NFT Pilot Project to Kick Off in the U.S. Reports suggest that the Meta-owned social media platform is set to announce a pilot…

The Ethereum (ETH) Network recently announced the estimated date of its much anticipated “Merge,” or shift to a proof-of-stake (PoS) model. The declaration proved to be good for the ETH token's price in the short term.

The recent network collapse and gas price surge linked to non-fungible tokens on Solana and Ethereum has raised many questions. Given that both blockchains are leading the NFT game, users currently have no other alternatives.

A brutal attack on the crypto market continues as the Bitcoin price slides below $34,000 while the Ethereum price slides down beneath $2500. While no major possibilities of a rebound are being witnessed at present, the ETH price is expected to crash another 18% to 20% in the upcoming days. And eventually, the traders may …