APEs are whaling around now and this means

ApeCoin, garnered huge interest from whales over the last 24 hours. With multiple voting proposals going out regarding NFTs and community building, could there be a change in ApeCoin's declining price movement?.

Timeline of Apecoin-ape

Zero-knowledge and blockchain infrastructure firm Horizen Labs on Friday announced that ApeCoin (APE) Staking will go live on Halloween day, October 31. While Horizen pushes to build the ApeCoin Staking platform, the blockchain firm also said the date could move by a week.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin [BTC] saw nasty volatility the previous day and oscillated $1k within an hour from $18.6k to $19.7k.

Even though the Big Eyes (BIG) token is still in the pre-sale phase, it has generated a lot of excitement in the cryptocurrency world due to its ambitious goals and the promise of substantial community benefits. This is in addition to any profits users may make from the meme token.

Following the May-June downtrend, the Apecoin price started walking a lateral path. Moreover, the altcoin resonating within two converging trendlines indicated the formation of an inverted pennant pattern.

SPONSORED POST* There are a number of different digital currencies in existence today, and more seem to be popping up all the time. While some people may be intimidated by this vast and constantly-changing landscape, others see it as an opportunity to make some serious profits.

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.

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.

SPONSORED POST* Big Eyes Coin (BIG) is a new meme currency that is still in its early stages of development; the project is now in the presale phase. The network's ecosystem is rich in features, and with its newfound popularity, the token's value has already risen during its initial price.

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.

During the European session, the ApeCoin is trading sharply bullish, having surged nearly 17% in the last 24 hours. APE is the native coin of the ApeCoin decentralized autonomous organization (DAO), a community-driven initiative created to guide the expansion and development of the Bored Ape ecosystem.