Eminem promotes a BAYC video alongside Snoop Dogg

The rapper Eminem has shown great interest in the BAYC virtual pieces that the company Yuga Labs brought. This occurs as the crypto trade experiences a time of recession where Ethereum, and Bitcoin, are one of the most affected tokens.

Timeline of Apecoin-ape

The APE/USDT technical chart shows the formation of a cup and handle pattern in the 4-hour time frame chart. Amid improving market sentiment, coin buyers offered a decisive breakout from the pattern's neckline resistance of $5.

American rappers Eminem and Snoop Dogg have released a new track called “From The D 2 The LBC,” which features both artists as Bored Apes from the Bored Ape Yacht Club non-fungible token (NFT) collection in its video. The new song was first teased on social media to their fans and the Bored Ape Yacht

Popular musician Pharrell Williams has become the Chief Brand Officer of the Doodles NFT project, Solana to launch a crypto-focused smartphone and art economist says NFTs are good for the entire art market.

ApeCoin was among the hardest hit cryptocurrencies in May's market crash and this led to a sharp decline in its market value. The post ApeCoin Market Cap Sank More than $2.5 Billion in May appeared first on BeInCrypto.

Over the past five weeks, the Apecoin (Ape) traders have been actively selling at a descending trendline and plunged the altcoin to a $3.13 low. The high demand pressure at this support bolstered a double bottom pattern recovery and breached the overhead trendline.

Fresh on-chain data shows the world's biggest Ethereum whales are turning their attention to a diverse array of altcoins in multiple sectors as ETH itself struggles on the price charts. The latest numbers from WhaleStats reveal the investment behavior of the 100 wealthiest non-exchange Ethereum addresses. The whale-monitoring website shows the top players are fond The post Biggest Ethereum Whales Flock to Apecoin, PAX Gold, Stablecoins and Three More Altcoins: On-Chain Data appeared first on The Daily Hodl.

Listed on the Boerse Stuttgart, the ApeCoin ETP underscores the company's long-term confidence in the digital assets theme, joining existing products including the Bitcoin ETP, Carbon offset Bitcoin ETP, and Ethereum ETP.

ApeCoin, the native token of Bored Ape Yacht Club (BAYC) is currently nothing more than a fantasy since it serves no use case apart from being a governance token. Despite that, it has somehow managed to bring losses to more than 98% of its investors in less than four months since its launch.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The higher timeframe charts for ApeCoin suggested that the downtrend could continue, especially as a hidden bearish divergence developed.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Bitcoin [BTC] fell below the $30k mark, and the $28.7k was a level of support that has held for nearly a month.