Sui price is currently retesting the recent breakout from its previous all-time high and is technically aiming for $2.8 in the near term.
As Bitcoin price stabilizes above the $67,000 level, the altcoin market has regained momentum with many blue-chip and mid-cap projects recording double-digit gains in their respective portfolios.
SUI, the native token of the Layer-1 Move-programmed blockchain, reached an all-time high of $2.36 on October 12. However, significant selling pressure has prevented it from moving higher since then.
On the other hand, POPCAT has skyrocketed by 17% in the past 24 hours.
ApeCoin (APE) price is down roughly 15% in the last 24 hours after rising more than 100% between October 19 and October 21. The MVRV suggests that many holders are still in a position of unrealized losses, indicating weak market sentiment.
The on-chain analytics firm Santiment has revealed the potential reason behind the corrections that Dogecoin and Apecoin have faced recently. Dogecoin & Apecoin Are Among Memecoins That Fell Prey To FOMO Recently As explained by Santiment in a new post on X, the Positive Sentiment vs.
The downward spiral has reversed the positive sentiment fueled by its week-long rally.
On "Markets Daily", CoinDesk's Jennifer Sanasie breaks down the driving forces behind the surge in ApeCoin. Plus, the challenges faced by the ApeChain when it comes to maintaining momentum.
ApeCoin is facing a tough setback as bearish momentum intensifies, with the price hitting a strong resistance at $1.755. After an attempt to push higher, the bulls have lost ground, allowing the bears to take control and halt the upward movement.
Sui is experiencing deceleration after going through an explosive growth phase in its deceleration.
Positive sentiment surrounding ApeCoin initially propelled its price upward; however, excessive bullishness indicated a potential correction, which materialized with a 15% decline over the past day.
The Apecoin (APE) token has been the hype of the week, from the top performer of the week to the worst performer today. So, what's next?
SUI, the native token of the Sui Network, has seen a 13% pullback in the past seven days, halting its bullish rally. The cryptocurrency broke from a 1-month structure, fueling a bearish sentiment among market watchers, who foresee further downside for the token.
Almost all major cryptocurrencies, including Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), Chainlink (LINK), and Polkadot (DOT), have registered substantial declines. The crypto market cap has also dropped by 0.82% and currently stands at $2.31 trillion.
One altcoin running on the Ethereum (ETH) network is seeing massive gains after a new blockchain launched in its ecosystem. ApeCoin (APE), the digital asset associated with the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, soared to $1.74 on Monday, a 135% jump in value form Saturday.
Sui has announced a new integration with Google Cloud, facilitated by ZettaBlock. This partnership will allow developers to access real-time blockchain data through Google Cloud's Pub/Sub service.
Are NFTs making a comeback? Following the surge in BAYC's ApeCoin after the ApeChain launch, investment is now shifting towards Axie Infinity, The Sandbox, and emerging layer-2 blockchains.
The cryptocurrency market continues to recover, with Bitcoin holding steady at around $69,000 and Ethereum reclaiming the $2,700 mark, investors are buzzing with excitement. Many analysts believe we are on the cusp of a significant Altcoin Season, where mid-cap and small-cap altcoins could see explosive growth.
D3 Global, a web3 domain name company, has launched top-level domain names for the ApeCoin community. An announcement the firm published on Oct. 22 noted that the ApeCoin (APE) ecosystem can now use the.
SUI price has grown by 27.82% in the last 30 days, driven by notable changes in its Total Value Locked (TVL). After a strong surge in both TVL and price, SUI appears to be entering a consolidation phase.
ApeCoin token experienced a sharp reversal on Oct. 22, erasing some of the gains made in the previous five days. ApeCoin (APE), associated with Yuga Labs, the creators of Bored Ape Yacht Club, retreated to $1.
The launch of Apechain was one of the most bullish events for the APE price rally as the token surged above the current consolidation.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 22, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
The ApeChain launch still provides Ape Coin price with tailwinds, but Bitcoin has taken a more prominent role in defining market direction.
ApeCoin has doubled in value, with bullish options activity suggesting traders are optimistic about further growth, driving up open interest by over 800%.
ApeCoin has surged a remarkable 100% in the last week following the announcement of Apechain and a new staking program.
APE has doubled in value to $1.5 since the weekend.
The altcoin market, led by ApeCoin (APE), has been gaining bullish momentum following the recent Bitcoin (BTC) price pump towards the 2021 all-time high (ATH) above $69k. The web3 projects have been making impressive and strategic partnerships in the recent past to ensure sustainable growth shortly.
With renewed interest, ApeCoin's momentum is set to grow, fostering a community of both newcomers and seasoned holders.
If the current technical setup is any indication to follow, Sui (SUI) could see its price drop below $2. On October 14, the token of the Layer-1 Move-programmed blockchain reached a new all-time high of $2.36.
The newly launched hub will aid the development of both startups and established organizations.
A token designed to foster the growth of art, gaming, entertainment, digital and physical events, storytelling, and the broader aspirations of Web3. It will function as a decentralized protocol layer to support community-driven initiatives that advance culture into the metaverse.
The price of ApeCoin (APE) has surged nearly 100% in the last seven days following the announcement of Apechain and APE's staking program. Despite this rally, whales are not accumulating more APE, indicating a lack of confidence in the sustainability of this price increase.
ApeCoin price soared over the weekend, doubling in value as the launch of the Apechain bridge reversed a year of decline.
ApeCoin (APE) has seen its price jump by over 100% today, driven largely by the rollout of advanced technologies and newly implemented incentive programs. These initiatives are designed to boost user participation and broaden the token's utility across multiple networks, fueling the recent surge in value.
Yuga Labs-powered ApeChain welcomes aficionados with peculiar Layer-3 innovations as ApeCoin jumps on a quick 2x.
While bitcoin is up 4.6% this past week and ethereum gained 5.2% over the seven day run, a large number of crypto assets saw double-digit weekly gains and some managed to capture triple-digit rises. The leaders of the pack this week included GOAT and APE which rose 191% to 102% respectively.
The Sui blockchain has launched a developer hub in Dubai in collaboration with the Ghaf Group.
Ethereum co-creator Vitalik Buterin on Monday said he hopes to witness the future decentralized autonomous organization (DAO) having more ways to obtain highly decentralized and permissionless formal membership. Buterin claims any currency is permissioned currently and there is even a continuous tradeoff space between the ApeCoin and ZuVillage levels of permissionedness.
Apecoin (APE) tries to break out again, with predictions for $2 if the asset closes above $1.83.
Apechain mainnet launch and LayerZero's integration translated to 100% price upside for APE in recent days.
TL;DR ApeCoin (APE) surged over 100% in the past week, reaching $1.68, following the launch of ApeChain, a new blockchain network by Yuga Labs. ApeChain, a layer-3 chain on Arbitrum One, supports NFTs, trading, and decentralized applications, and includes a bridge for staking yields and cross-chain transfers.
The NFT-focused DeFi project announced the launch of its mainnet dubbed Apechain to ensure sustainable future growth of ApeCoin.
The Sui blockchain has launched a hub in Dubai which will act as an incubator for blockchain developers and entrepreneurs, one of its founding developers told CoinDesk in an interview.
Yesterday, Yuga Labs launched the new blockchain and activated the bridges.
ApeCoin (APE) experienced a 50% price surge, reaching $1.53 and a $1.1 billion market cap, following the launch of ApeChain and expanded ecosystem utility.
"ApeCoin has introduced an automatic yield mode, allowing users to passively earn returns by staking their APE tokens," one observer said, explaining the catalysts for the price rally.