ApeCoin’s (APE) Price Remains Narrow Investors to Seek Better Options

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ApeCoin (APE) has experienced significant progress in the past week and today, July 18. This could result from the recent announcement of the token’s listing on Bithumb, a prominent South Korean cryptocurrency exchange.

This news and a rising trading volume have propelled the token’s value upward.

APE’s Recent Price Performance

Over the past week, ApeCoin’s price has increased by over 5.50%. Also, in the past day alone, the token’s price has appreciated by more than 2.6%, reaching a value of $2.02 at 11:41 EST.

Notably, the trading volume of ApeCoin’s has also risen by more than 66% in the past week. The trading volume now exceeds $117 million as activity and liquidity in its market grow.

APE Price Prediction According to Technical Indicators

APE’s future price trajectory is mixed, as there are indications of bullish and bearish market momentum. The MACD (Moving Average Convergence Divergence) line above the signal line suggests bullish momentum.

However, APE’s price is below the 50-day and 200-day moving averages, indicating a bearish trend. The Relative Strength Index (RSI) at 44.46 also suggests a neutral stance, neither strongly bullish nor bearish.

APE’s resistance and support levels

Additionally, there is a significant support level at $2.091, which now acts as a resistance level for the token’s price. This resistance level has prevented the price from surpassing it, indicating a bearish sentiment among traders and investors.

Furthermore, another support level is observed at $1.949, which has caused the token’s price movements to remain relatively narrow for a prolonged period. Considering these factors, the future price path of APE is likely to be influenced by both bullish and bearish forces.

Traders and investors should closely monitor these factors to understand APE’s future price movements better. They must approach this market with caution to avoid significant losses.

Experts’ View of The ApeCoin’s Future Prices

According to expert predictions, there is a bullish sentiment surrounding ApeCoin’s (APE) price trajectory in the coming years.

In 2024, DigitalCoinPrice anticipates the token to reach a maximum price of $5.26. Its average and minimum prices are expected to be $5.21 and $4.4, respectively. Furthermore, in 2025, the experts project APE to achieve a high of $7.45 while maintaining a minimum price of $6.03.

CoinPedia also expresses optimism regarding APE’s price potential. They predict that in 2028 the token could reach a peak price of $24.5. Also, their long-term projection suggests that by 2030, APE may achieve a high price of $50.7 and not drop below $35.2.

Updates That May Influence the ApeCoin’s Price

Prominent Chinese crypto blogger and journalist Colin Wu highlighted the ongoing efforts of South Korean crypto exchanges to enhance the utility of virtual assets and establish crypto-fiat bridges.

Wu informed his followers that these exchanges consistently introduce new crypto-fiat pairs to facilitate user trading. In line with this trend, Bithumb, one of the major South Korean exchanges, has recently added three tokens to its trading platform.

These tokens include APE, FTM, and RNDR, and traders can now utilize them in trading against the Korean Won (KRW). This development expands the options available to crypto traders in South Korea and provides them additional opportunities to diversify their portfolios.

While acknowledging Bithumb as a significant exchange in the South Korean market, Wu also emphasized that its trading volume currently represents only a fraction of Upbit, the largest exchange in Korea.

This observation suggests that while Bithumb’s listing of APE and other tokens is notable, Upbit remains the dominant player regarding trading volume and market activity.

Sharks dominate ApeCoin’s trading volume

According to a recent report published by Messari, ApeCoin’s (APE) experienced notable developments during the second quarter of 2023. The report comprehensively analyses APE’s performance, governance structure, and plans.

One significant finding highlighted in the report is the APE’s trading dynamics change. For the first time since the token’s inception, the trade volume of APE was predominantly driven by high-volume traders known as sharks.

With daily trading volumes ranging between $1 million and $10 million, these traders played a dominant role in shaping the token’s trading landscape during the second quarter.

Unlocked APE tokens

During Q2 2023, approximately 25 million APE tokens were unlocked and made available to non-DAO entities. Additionally, nearly 26 million APE tokens were claimed by Yuga ecosystem assets and APE holders.

This influx of tokens into the market contributed to increased sell pressure, potentially resulting in a 32% drop in the average price of APE during this period.

Chimpzee (CHMPZ)

Chimpzee, an emerging digital asset, has garnered significant attention and enthusiasm from early investors. The project recently achieved a major milestone by surpassing its initial fundraising target of $50,000.

As promised, Chimpzee fulfilled its commitment to environmental conservation by partnering with One Tree Planted, a renowned reforestation organization, to plant over 1000 trees. Building on this success, Chimpzee continued its fundraising efforts and reached its second milestone of $250,000.

In a show of their dedication to wildlife conservation, the project donated $15,000 to the WILD Foundation. This contribution aims to support protecting and preserving desert-adapted elephants, an important species needing conservation efforts.

What sets Chimpzee apart is the team’s proactive focus on safeguarding the black jaguar. Even in the early stages, the project strongly emphasises creating tangible, real-world impact.

By prioritizing the conservation of the black jaguar, Chimpzee’s team demonstrates its commitment to environmental sustainability and the preservation of endangered species.

Chimpzee’s achievements in surpassing fundraising goals, planting trees, and supporting wildlife conservation underscore the project’s commitment to making a positive difference beyond digital assets.

These efforts generate excitement among early investors and inspire confidence in Chimpzee’s mission to create meaningful and lasting environmental impact.

Features of Chimpzee

Chimpzee introduces a range of amazing features designed to create a unique ecosystem.

Chimpzee token

At the heart of this ecosystem is the $CHMPZ token, which holds significant value and utility.

The $CHMPZ token serves multiple purposes within the Chimpzee system, acting as a payment method and facilitating various other activities, such as transaction fees.

It functions as a key component, unlocking exclusive treasures such as the NFT passport, which offers users access to special privileges and benefits within the Chimpzee ecosystem.

Chimpzee shop

One of the core elements of Chimpzee is the Chimpzee shop, a vibrant marketplace that facilitates the exchange of goods and services.

Users can utilize their CHMPZ tokens within the shop to purchase a wide array of special products and commodities, enabling them to engage with the ecosystem and further support Chimpzee’s mission.

NFT marketplace

Furthermore, Chimpzee takes the concept of NFTs to new heights with its NFT marketplace. It is the world’s first market to allocate a portion of trading fee revenues to network members actively involved in trading.

Importantly, NFT Passport holders are entitled to an even higher share of the earnings pool, creating added incentives for engagement and participation within the ecosystem.

Zero tolerance game

The Zero Tolerance Game is an engaging component of Chimpzee, allowing players to win CHMPZ coins by achieving predetermined milestones.

Through this interactive and rewarding game, users can actively contribute to the growth and success of the Chimpzee ecosystem while enjoying an entertaining experience.

Chimpzee presale

Chimpzee’s presale phase is underway, with the project already reaching impressive milestones. Today July 18, the presale has raised an impressive $875,373, surpassing its benchmark of $1,144,500.

Investors participating in the presale are offered an attractive incentive, as Chimpzee provides a generous 125% free bonus on CHMPZ coins. This offer provides early supporters with additional value.

How to Purchase CHMPZ Tokens

Visit the official Chimpzee website at https://chimpzee.io. Find the Buy Now option on the menu and select it.
Ensure you have a cryptocurrency wallet compatible with Wallet Connect, such as MetaMask, Trust Wallet, or any other supported wallet.
Configure your wallet according to the instructions provided by the wallet provider. Once your wallet is ready, click “Connect Wallet” on the Chimpzee website.
A pop-up window will appear, presenting you with various wallet options. Please select your preferred wallet from the list and click on it.
Chimpzee offers three payment options for purchasing tokens: Pay with a Credit Card, Buy with ETH (Ethereum), and Buy with USDT (Tether). Review their terms and conditions before selecting your preferred payment method.
After choosing your payment option, proceed with the transaction by following the instructions provided on the website. Input the number of tokens you wish to purchase and complete the payment process.
Once the presale period ends, you can claim your $CHMPZ tokens. To do this, return to the main Chimpzee website and locate the “Claim” button.