Unpacking Recent ApeCoin Developments

Quick Take ApeCoin aims to fuel innovation at the intersection of culture, gaming, and commerce. Governance is conducted through the synergistic relationship between the ApeCoin DAO and the APE Foundation. Several monumental Ape Improvement Proposals (AIPs) have fundamentally shaped the ecosystem's development.

Timeline of Apecoin-ape

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In our previous Apecoin price analysis, we accounted for the formation of an inverted pennant pattern and how it will influence the coin's future price. Currently, the coin price trades at the $5.6 mark and indicates an intraday growth of 4.26%.

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?

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.

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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.