ApeCoin trades At $6.83 ATM – Retraces 2.5% in Past 7 Days

ApeCoin trades at $6.83 at the time of writing and with the price spike that has occurred over the last several weeks, ApeCoin (APE) has performed quite well. In an upward parallel channel, ApeCoin is traveling erratically.

Timeline of Apecoin-ape

Be[In]Crypto takes a look at the five cryptocurrencies that decreased the most last week, more specifically, from Aug 5 to 12. The post ApeCoin (APE) Consolidates Inside Corrective Pattern: Biggest Weekly Losers appeared first on BeInCrypto.

The Apecoin (APE) ongoing recovery aims for another upswing as the coin price shows reversal signs from the support trendline. Previously, such reversal usually drives the coin price to the overhead resistance, and thus, the same is expected this time.

Magic Eden submits a proposal to launch the “ApecoinDAO” NFT marketplace The marketplace intends to provide utility to Apecoin holders by building a custom marketplace to trade and purchase NFTs.  Leading Solana NFT marketplace Magic Eden has submitted a proposal to the ApecoinDAO to build a special NFT marketplace for $Apecoin users.

The beginning of August month has been a good start for almost all of the cryptocurrencies. Bitcoin, Ethereum, Solana, Ethereum Classic along with ApeCoin gained their crucial price levels. Even the global crypto market cap reclaimed the $1 trillion mark.

The crypto markets opened fairly flat across the board today, adding 1.3% to bring total market capitalisation up to US$1.08tn. Bitcoin edged slightly over the US$23,000 line, while Ethereum stayed close to US$1,650.

A closely tracked crypto strategist is predicting dips for two altcoins while updating his forecast for Solana (SOL) and ApeCoin (APE). Pseudonymous crypto analyst Altcoin Sherpa tells his 180,700 Twitter followers that smart contract protocol Ethereum Classic (ETC) looks poised for a significant pullback after its steep rally over the past few weeks.

We may be in a bear market, but that does not mean investors don't have their eyes peeled for profitable investments. Those that have been looking have their sights set on a handful of coins in the ecosystem, including Degrain (DGRN), Apecoin (APE), and Tron (TRX).

Apecoin was trading close to a two-month high on Monday, despite crypto prices mainly being in the red to start the week. Global crypto markets are currently down around 2% as of writing. Despite this, filecoin continued its own surge, with prices of the token up nearly 70% in the last seven days.

Ethereum whale ranked 4th on WhaleStats, “Bonobo” has purchased 80k FTX Token (FTT) and 2.05 million Polygon (MATIC) tokens in the last 24 hours. FTX Token, MATIC, and ApeCoin (APE) are the most purchased and traded tokens by the 500 biggest ETH whales in the last 24 hours.

The ongoing recovery rally in APE price stalled at $7.23 resistance. Despite showcasing several attempts to breach this barrier, the buyers couldn't surpass the $7.23 mark in the past four days.