Connect with us

Apecoin

ApeCoin Makes Silent Moves! Can It Become The NFT Crypto King?

Published

on

ApeCoin Makes Silent Moves! Can It Become The NFT Crypto King?

Apecoin might soon emerge as the NFT crypto king as its price keeps surging after Gucci’s adoption

Apecoin is the crypto that represents the Bored Ape Yacht Club NFT collection. Its latest surge comes after the global high-end fashion brand Gucci’s announcement to adopt Apecoin payments for in-store purchases in the US. Apparently, Gucci became the first brand to accept APE as a payment option in its US stores. It would enable customers to make crypto payments by scanning a QR code with a crypto wallet via BitPay. The company has not yet detailed the reason behind choosing APE but definitely commented that the move is a step toward the company’s attempts to explore the Web3 domain.

Currently, the Apecoin price continues to hold above a crucial support range amid growing bearish sentiments in the crypto market, but Gucci’s attempts to venture into the Web 3.0 domain have enabled Apecoin to demonstrate its true growth potential as an NFT crypto asset. The widespread upswing in the crypto market is also one of the many reasons why a rally in the Apecoin crypto was triggered. Now, we can only wish that the APE token reaches the US$10 mark as soon as possible. At the time of writing this article, the Apecoin price was revolving around the US$7 mark; but if it successfully crosses the US$8 mark, it will guarantee APE’s rally above the US$10 resistance.

So, when will Apecoin hit the US$10 mark?

It might take a while for APE to reach the US$10 mark because the market is still at an extremely volatile stage. Experts say that Apecoin’s surge would result in a 50% rise from its current market value. They also believe that the crypto’s rising adoption might be one of the major triggers that will surge its market value. Presently, Apecoin and BAYC developers are building momentum in the decentralized market. In the coming days, the crypto might get bullish and topple some of the largest cryptocurrencies in the market.

The post ApeCoin Makes Silent Moves! Can it Become the NFT Crypto King? appeared first on .

Advertisement

altcoin

TA – Apecoin Price Rallies Ahead Of The $10 Mark

Published

on

TA – Apecoin Price Rallies Ahead Of The $10 Mark

The price of Apecoin (APE) shows strength after bouncing from a weekly low of $3.10 against Tether (USDT).

APE price has seen a relief bounce, with Bitcoin (BTC) rallying from a daily low of $19100 to a region of $23,000. (Data feeds from Binance)

Price Analysis Of APE On The Weekly Chart

Weekly Price Chart Analysis For Ape | Source: APEUSDT On Tradingview.com

From the chart, the price of APE saw a weekly low of around $3.10, which has formed support.

The price has built more momentum as it faces resistance at $10.

Advertisement

With a break above the $10 mark, the price of APE would rally to $12.

If the price of APE on the weekly chart fails to break the $10 mark, then a retest is bound at $6.7.

The volume shows decent buy bids, pushing the price of APE higher.

Weekly resistance for APE price – $10.

Weekly support for APE price – $6.7.

Advertisement

Price Analysis Of APE On The Daily (1D) Chart

Daily Price Chart Analysis For Ape | Source: APEUSDT On Tradingview.com

The price of APE found strong support at around $3.4, with what seems to be the bottom on the daily chart.

APE has continued to rally above this support region of $3.4 to a high of $7.7, where it has faced resistance.

At the point of writing, the price of APE is at $7.4, trading above the 50 exponential moving averages (EMA), which corresponds to the support at $6.2. 

APE price would find support at $6.2, which corresponds with the daily 50 EMA if it drops due to weekend sell-offs.

If the 50 EMA region fails to hold the price, $5.2 would be a good support to hold sell-offs and for a possible bounce of APE price.

Advertisement

With more buy bids, we could see the price of APE retesting at $10, which has been resistance on the daily chart.

The RSI for APE price on the daily chart is above 65, indicating healthy buy bids for APE.

The volume also indicates positive signs for APE prices to trend higher.

Daily (1D) resistance for APE price – $7.7, $10.

Daily (1D) support for Apecoin (APE) price – $6.2, $5.2.

Advertisement

Price Analysis Of Apecoin On The Four Hourly (4H) Chart

Four Hourly (4H) Price Chart Analysis For APE | Source: APEUSDT On Tradingview.com

The price of APE has shown great strength on the 4H chart after forming support at $4.22. 

APE price has rallied from this region, forming a bullish uptrend channel on the 4H chart.

The price of APE was rejected at $9.10, which saw sell-offs.

APE price is $7.4, trading above the 50 & 200 EMA with prices of $7 and $6.1 on the 4H chart. These prices would act as support areas for APE on the 4H chart.

The price of APE has formed an upward trendline after rallying from a low of $6.50.

Advertisement

Four Hourly (4H) resistance for APE price – $8, $10.

Four hourly (4h) support for APE price – $7, $6.1.

Featured image from NFT News Pro, Charts from TradingView.com 

Advertisement
Continue Reading

Analysis

Biggest Movers: APE Hits 2-Month High, As UNI Nears Highest Point Since April

Published

on

Biggest Movers: APE Hits 2-Month High, As UNI Nears Highest Point Since April

Apecoin rose to its highest point in over two months on hump day, as prices rebounded following a two-day losing streak. Uniswap was another big mover on Wednesday, as the token climbed by as much as 14%. Overall, the global crypto market cap is trading 2.79% higher as of writing.

Apecoin (APE)

Apecoin (APE) was one of today’s notable tokens to surge, as global crypto markets were back in the green.

APE/USD snapped a two-day losing streak, as the cryptocurrency rose to an intraday peak of $7.41 earlier in today’s session.

Advertisement

The move sees APE once again break out of its long-term resistance level at $7.10, which has been held since May 25.

APE/USD – Daily Chart

Wednesday high sees the token recapture those highs, with bulls now hoping to sustain this most recent break, unlike the moves this past weekend.

As of writing, the relative strength index (RSI) is now trading at 67.44, which is marginally below a resistance point of 68.

In order for bullish momentum to continue into the remainder of the week, we will need to see APE break out of this ceiling.

Uniswap (UNI)

Like APE, uniswap (UNI) also rose today, with prices nearing their highest point in over two months, following an earlier price surge.

Advertisement

The token was up by nearly 14% during the hump-day session, with prices rising to a high of $9.33 in the process.

This rally saw UNI/USD move towards last Thursday’s high of $9.85, which is the highest point the token has traded at since April 15.

UNI/USD – Daily Chart

However, in order to recapture this high, UNI must break out of an interim resistance level of $9.40, which it has so far failed to achieve today.

Following earlier highs, UNI is now trading at $9.08, as traders likely liquidated positions, in order to secure gains.

This comes as the 14-day RSI has collided with a ceiling of its own at the 66 level, which likely triggered fear in previous bulls.

Advertisement

Register your email here to get weekly price analysis updates sent to your inbox:

Do you expect uniswap to overcome this hurdle in the coming days? Let us know your thoughts in the comments.

Eliman Dambell

Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.

Advertisement

Image Credits: Shutterstock, Pixabay, Wiki Commons

Advertisement

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Continue Reading

APE

Bitpay Adds APE And EUROC Support — Luxury Retail Giant Gucci Accepts Apecoin Payments

Published

on

Bitpay Adds APE And EUROC Support — Luxury Retail Giant Gucci Accepts Apecoin Payments

On August 2, the Atlanta-based crypto payment services provider Bitpay announced that it has expanded its crypto asset support with two different crypto assets. Bitpay revealed the company has integrated apecoin and euro coin into the firm’s platform and the luxury retailer and designer Gucci has announced it will be the first merchant to accept apecoin through Bitpay.

APE and EUROC Now Supported by Bitpay’s Payments Platform, Gucci Becomes the First Merchant to Accept APE via Bitpay’s Services

Bitpay has added two new crypto assets to the company’s payment platform after Bitpay’s payment processor already accepted digital currencies like bitcoin, bitcoin cash, ethereum, xrp, dogecoin, shiba inu, and litecoin.

Alongside those coins, Bitpay supports a few stablecoin assets as well like Circle’s usd coin (USDC). This week, Bitpay expanded the platform’s options by adding apecoin (APE) and euro coin (EUROC).

Advertisement

Apecoin (APE) is well known for being a crypto asset designed for the Bored Ape Yacht Club (BAYC) metaverse called the “Otherside.” The digital currency euro coin (EUROC) is the newly launched Circle stablecoin backed by 1:1 with the euro (EUR).

Both crypto assets were launched this year and Bitpay details that the luxury retailer and designer Gucci will be the first merchant to accept APE via Bitpay’s system in U.S. stores.

Gucci already accepts ten different crypto assets and Bitpay’s co-founder and CEO Stephen Pair said luxury merchants like Gucci, asked Bitpay to support APE and the new euro-based stablecoin EUROC.

“We added apecoin and euro coin because customers of our luxury merchant partners asked for it,” Pair said in a statement sent to Bitcoin.com News. Bitpay also explained that apecoin holders can leverage the coin with the Bitpay Mastercard.

Apecoin is ranked 33 out of more than 13,000 crypto asset market capitalizations and it reached an all-time high three months ago on April 28, 2022. At that time APE tapped $26.70 per token and today, apecoin is down 74.5% from the all-time price high.

Advertisement

Circle introduced euro coin in mid-June 2022 and the number of euro-pegged stablecoins has swelled 1,683% since 2020. Prior to supporting EUROC, Bitpay already supported five USD-pegged stable coins BUSD, DAI, GUSD, USDP, and USDC.

Tags in this story

APE, Apecoin, Apecoin (APE), Apecoin Bitpay Mastercard, BAYC, BitPay, Bitpay CEO, Bitpay co-founder, Bitpay new coins, Bitpay Support, blockchain payments, Bored Ape Yacht Club, Circle, crypto payments, euro coin, euro coin (EUROC), euro Stablecoins, EUROC, Gucci, Gucci APE, Gucci Apecoin, Luxury retailers, Otherside Coin, Stablecoin, Stephen Pair

What do you think about Bitpay adding APE and EUROC to the company’s supported lineup of crypto assets? What do you think about the luxury retailer and designer Gucci accepting APE at its U.S. stores? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.

Advertisement
Advertisement

Image Credits: Shutterstock, Pixabay, Wiki Commons, Editorial photo credit: Grey82 / Shutterstock.com

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Continue Reading

Top posts

Monero Faces Pressure In Keeping Upward Pace – Will XMR Overcome Resistance? Monero Faces Pressure In Keeping Upward Pace – Will XMR Overcome Resistance?
btcusd2 hours ago

Monero Faces Pressure In Keeping Upward Pace – Will XMR Overcome Resistance?

Monero has its hands full trying to keep its momentum and rally forward. But, it must first overcome obstacles. As...

July’s CPI Report Shows US Inflation Cooling — Critics Say ‘US Government’s Formula Understates The Actual Rise In Prices’ July’s CPI Report Shows US Inflation Cooling — Critics Say ‘US Government’s Formula Understates The Actual Rise In Prices’
analyst2 hours ago

July’s CPI Report Shows US Inflation Cooling — Critics Say ‘US Government’s Formula Understates The Actual Rise In Prices’

After last June’s inflation report published by the U.S. Bureau of Labor Statistics indicated that the Consumer Price Index (CPI)...

Defi Attacker Siphons $570,000 From Curve Finance, Crypto Exchange Fixedfloat Freezes 112 Ethereum Defi Attacker Siphons $570,000 From Curve Finance, Crypto Exchange Fixedfloat Freezes 112 Ethereum
$6.13 billion TVL4 hours ago

Defi Attacker Siphons $570,000 From Curve Finance, Crypto Exchange Fixedfloat Freezes 112 Ethereum

Reports indicate that the decentralized finance (defi) protocol Curve was hacked for $570,000 in ethereum after people noticed that Curve’s...

Biggest Movers: AVAX Nears Highest Level Since May, ETC Moves Towards $40 Biggest Movers: AVAX Nears Highest Level Since May, ETC Moves Towards $40
Analysis4 hours ago

Biggest Movers: AVAX Nears Highest Level Since May, ETC Moves Towards $40

Avalanche rallied on Wednesday, as the token broke out of a key resistance level on its way towards a multi-month...

German Crypto Exchange Nuri Files For Insolvency German Crypto Exchange Nuri Files For Insolvency
Bankruptcy6 hours ago

German Crypto Exchange Nuri Files For Insolvency

Cryptocurrency exchange Nuri has filed for insolvency, reportedly becoming Germany’s first fintech to take the step in a challenging year...

Report: Nearly 13,000 Chinese Social Media Accounts Promoting Virtual Currency Closed Report: Nearly 13,000 Chinese Social Media Accounts Promoting Virtual Currency Closed
Baidu8 hours ago

Report: Nearly 13,000 Chinese Social Media Accounts Promoting Virtual Currency Closed

Nearly 13,000 Chinese social media accounts that allegedly promoted virtual currency investments were closed, the Cyberspace Administration of China recently...

Decentralizing The Internet: How Wayru Is Bringing People Together With Blockchain Decentralizing The Internet: How Wayru Is Bringing People Together With Blockchain
Sponsored9 hours ago

Decentralizing The Internet: How Wayru Is Bringing People Together With Blockchain

sponsored In 2011 the UN released a report declaring the internet a Human Right, but over a decade later millions...

Current Mortgage Refinance Rates, August 10, 2022 | Rates Move Higher Current Mortgage Refinance Rates, August 10, 2022 | Rates Move Higher
rates9 hours ago

Current Mortgage Refinance Rates, August 10, 2022 | Rates Move Higher

Advertiser Disclosure Jason Stauffer Jason Stauffer Staff WriterAdvertisement Jason Stauffer is a personal finance reporter who previously covered the housing...

USDT volume on exchanges up 20% in 3 months USDT volume on exchanges up 20% in 3 months
Binance9 hours ago

USDT volume on exchanges up 20% in 3 months

USDT volume on exchanges up 20% in 3 months Oluwapelumi Adejumo · 6 mins ago · 2 min read According...

Axie Infinity holders have reasons to celebrate market drawdown Axie Infinity holders have reasons to celebrate market drawdown
Altcoins10 hours ago

Axie Infinity holders have reasons to celebrate market drawdown

The market crash has affected every cryptocurrency in some or the other way. And, the recovery from the same has...

What’s changed in GameFi in the last month? – July Report What’s changed in GameFi in the last month? – July Report
Analysis11 hours ago

What’s changed in GameFi in the last month? – July Report

What’s changed in GameFi in the last month? – July Report Footprint Analytics · 2 hours ago · 7 min...

How To Make Money From Ethereum Name Service? How To Make Money From Ethereum Name Service?
Cryptocurrency11 hours ago

How To Make Money From Ethereum Name Service?

Learn how you can use ENS to become rich We all love to reap the benefits of advanced technologies, but...

Degrain (DGRN) Continues To Thrive In Bear Market, Outshines Litecoin(LTC) And Polkadot(DOT) Degrain (DGRN) Continues To Thrive In Bear Market, Outshines Litecoin(LTC) And Polkadot(DOT)
Cryptocurrency11 hours ago

Degrain (DGRN) Continues To Thrive In Bear Market, Outshines Litecoin(LTC) And Polkadot(DOT)

In this article, we examine why the coin on the block, Degrain, has been thriving while Litecoin and Polkadot have...

HUMAN Protocol’s Big Announcement On V2 Upgrade With Routing Protocol HUMAN Protocol’s Big Announcement On V2 Upgrade With Routing Protocol
Blockchain12 hours ago

HUMAN Protocol’s Big Announcement On V2 Upgrade With Routing Protocol

The voting model will utilize HUMAN Protocol Reputation Oracles to adjust voting power. Last week, HUMAN Protocol announced the introduction...

Report: Samsung Signs MOU To Build Galaxy NFT Ecosystem Report: Samsung Signs MOU To Build Galaxy NFT Ecosystem
Digital Plaza12 hours ago

Report: Samsung Signs MOU To Build Galaxy NFT Ecosystem

Korean electronic goods producer Samsung Electronics recently signed a memorandum of understanding (MOU) with six companies that will collaborate to...

Shiba Inu Breakout Is On The Way! And Only Whales Can Help In That Shiba Inu Breakout Is On The Way! And Only Whales Can Help In That
Cryptocurrency12 hours ago

Shiba Inu Breakout Is On The Way! And Only Whales Can Help In That

Shiba Inu is outperforming in the crypto market and gaining the attention of ETH whales Shiba Inu is the most...

Tornado Cash’s Token TORN Plunged Yesterday; Snap Inc Is In The Early Stages Of Planning Layoffs: Tech Market Roundup Tornado Cash’s Token TORN Plunged Yesterday; Snap Inc Is In The Early Stages Of Planning Layoffs: Tech Market Roundup
Latest News13 hours ago

Tornado Cash’s Token TORN Plunged Yesterday; Snap Inc Is In The Early Stages Of Planning Layoffs: Tech Market Roundup

Here are some quick tech catch for you so that you stay updated with the latest crypto and tech news...

Moonbirds And Azuki Sales Drop While Chronoly.io CRNO Token Keeps On Growing Moonbirds And Azuki Sales Drop While Chronoly.io CRNO Token Keeps On Growing
Latest News13 hours ago

Moonbirds And Azuki Sales Drop While Chronoly.io CRNO Token Keeps On Growing

The crypto market, in recent times, has mainly been driven by the success of Non-fungible token (NFT) projects. Several new...

Trending

Daily Bitcoin MiningEarn At least $50 daily with just your phone