Kommer APE Price se en återhämtning trots att den aktiva adressen inte har ökat?

Apecoin has been observing a decline in the overall active address and is trading near $1.27

Apecoin is a ERC-20 governance and utility token within the APE ecosystem. It allows users to participate in the Apecoin Dao ecosystem and decide how the fund should be used. Meanwhile,62% of all the digital assets were allocated to the Ecosystem fund for community driven initiatives. It also gives access to other parts of the ecosystem like events , games, services and many more. Meanwhile, Apecoin DAO members can also decide how the IP of the BAYC should be used in the future.

Apecoin has a supply of 1,000,000,000 and 60.49% of it is circulating in the market. The price of APE reached an all time high on MAR 2022 at $39.40. It is now down by 96% from its ATH and 27% up from its all time low.

A Look Into The APE Ecosystem

APE ecosystem has been observing a decline in the overall treasury from $13 Million to $7 million within a month’s period. The overall successful proposals presented on the network have also taken a dip of over 50%. Previously the ratio of total proposals to successful proposals was around 1 to 1.32 but this month it has reached to 2. It suggests that the community has rejected a great number of proposals this month.

Looking at the BAYC NFT it has a floor price of 17.61 ETH while its competitor cryptopunks has a floor price of 41.5 ETH. The ecosystem is seeing a great surge in the NFT interest. Many analysts are expecting a strong growth in the APE Dao ecosystem in the future.

Is APE Price Ready For $2 Jump?

Apecoin has a market cap of $781 Million and is ranked 99th as per the market cap. It has seen an overall decline in the volume of 13%. It is currently trading near the value of $1.31 and has gained over 4% in the intraday sessions.

APE has been trading in an upside parallel channel with a strong bullish candles forming on the daily chart.The digital asset is currently trading below the 50 and 100 EMA with a negative crossover in the past. Meanwhile, APE upside trend can see a halt near the value of $1.5. The support for token price can be observed near $1.

RSI of APE is near 41 with a small positive slope in it. The overall trend of RSI is bullish. Meanwhile, MACD of the digital asset suggests a weak upside trend.

Slutsats

Apecoin has been observing a decline in the overall daily active address. Meanwhile, it has also been losing its market cap in comparison to others. APE has been seeing a weak upside trend on the daily chart. Many analysts are expecting a strong growth in the future.

Anurag arbetar som en grundläggande författare för The Coin Republic sedan 2021. Han gillar att träna sina nyfikna muskler och forska djupt in i ett ämne. Även om han täcker olika aspekter av kryptoindustrin, är han ganska passionerad för Web3, NFTs, Gaming och Metaverse, och föreställer sig dem som framtiden för den (digitala) ekonomin. En läsare och författare i hjärtat, han kallar sig själv en "genomsnittlig gitarrspelare" och en rolig fotbollsspelare.