ERC-20 tokens are a type of cryptocurrency that you can make yourself. They use a network called Ethereum to do their work. One of these is the ApeCoin. Most of the popular Ethereum-based social tokens from the past year were made with this framework. FWB, which is used by the social club Friends with Benefits, and WRITE, which is used by the Web 3 financing site Mirror, are two examples of these tokens. The Bit IQ trading platform is one of the best places to begin trading bitcoin.
Almost every major centralized cryptocurrency exchange added the token almost as soon as it came out. Since big players like Coinbase are picky, this was a big deal (COIN). After just one day of trading, ApeCoin is worth about $2 billion on the market. Right now, one APE is worth about $14, and there will be a total of one billion tokens. ApeCoin was created by a company called ApeCoin.
In the last two weeks, the price of ApeCoin (APE) has gone up by about half of that amount. According to data from CoinGecko and CoinMarketCap, it is also one of the most popular cryptocurrencies in the last few weeks. This means that a person who put Rs 1 lakh into ApeCoin 14 days ago would now have Rs 1.5 lakh in their bank account.
On April 17, ApeCoin was worth $11.57. On April 28, it was worth almost $26. When this article was written today, APE cost $17.44. Even though the price of APE has dropped 30% in the last 24 hours, it is still one of the most popular cryptocurrencies. After coming back from a low of $3.10 last week, Apecoin’s (APE) price is getting stronger compared to Tether (USDT).
The price of APE has gone up, which is good, but the price of Bitcoin (BTC) has gone from a daily low of $19,100 to around $23,000. The weekly chart shows how APE prices have changed over the past week.
The price is rising, despite problems near the $10 level. If APE’s price went up to more than $10, it would reach $12. If the price of APE on the weekly chart can’t go above $10, it will go back and test the $6.7 level again. The price of APE goes up when there are enough bids to buy, as shown by the number of bids.
The price of APE will hit a wall every week at $10. At $6.7, the price of APE has been stable every week. On the daily (1D) chart, you can see how much APE is worth. AP’s daily price chart analysis is based on APEUSDT market data from Tradingview.com. Around $3.4, the price of APE found a strong base.
Above this area of support, around $3.4, APE has continued to rise, reaching a high of $7.7, where it has run into resistance. At the time of this writing, the price of APE is $7.4, which is higher than the 50 exponential moving averages (EMA), which are the same as the $6.2 support level. If people sell APE over the weekend and the price decreases, the daily 50 EMA will provide support near $6.2.
If the 50 EMA area can’t keep the price stable, a support level of $5.2 would be a great way to stop more selling and give the APE price a chance to rise again. If more buy orders are made, the price of APE could try again to break through the $10 barrier that has been acting as resistance on the daily chart.
The RSI for the price of APE on the daily chart is over 65, which shows that many people want to buy APE. APE prices are likely to go up if there is a lot of trade, which is a good sign. On a daily (1D) chart, the price of APE runs into trouble at $7.7 and $10.
The price of APE has been very high since it found support at around $4.22. This can be seen on a 4-hour chart. From this area, the price of APE has gone up a lot, which has caused a bullish uptrend channel to form on the 4H chart. At $9.10, APE was too pricey, so people sold their shares. The current price of APE is $7.4, which is above both the $7 and $6.1 values of the 50 and 200 EMA on a 4-hour chart. If these prices were on the 4H chart, they would be places where APE could find support. Looking for a safe apecoin trading platform to invest in? Then check out Bitcoin smart.