![]() ![]() As a result, Horizen Labs’ introduction of ApeCoin staking may result in a positive mood among APE users.ĪpeCoin Slips Under $6 – Quick Technical Outlook Staking is a requirement for the ApeCoin community. Horizen Labs was chosen as a dependable partner to obtain a grant, design, and manage a staking system for the ApeCoin DAO. #AMP COIN PROCE UPDATE#ApeCoin developers provided an update on APE staking development on July 23, 2022.īy passing AIPs 21 and 22, the community gave the Foundation specific instructions to create a staking mechanism. Analysts believe that the price of ApeCoin will rise, and that the NFT token will soon reach the $14 mark. The ApeCoin community chose Horizen Labs to create and maintain a staking system in accordance with AIPs 21 and 22. As a result, rising interest rates tend to cause market volatility, which may cause more coins to fall. This is expected to be 75 or 100 basis points. On the other hand, the Federal Open Markets Committee (FOMC) will make interest rate decisions. The Federal Reserve raising interest rates is the biggest story this week. In anticipation of another important monetary policy statement from the United States, the cryptocurrency market could not maintain its strong performance from the previous week and lost its upward momentum. As a new week begins, Bitcoin (BTC) is performing poorly ahead of another crucial US monetary policy decision. The consistently falling prices of bitcoin have confirmed this. This was one of the key reasons that kept the crypto market under pressure. What’s Coming Ahead?įor now, traders are keeping their eyes on the important US monetary policy decision, which causes volatility in the crypto market. There are 306,875,000 APE coins in circulation with a maximum supply of 1,000,000,000. With a live market cap of $2,012,032,245, the market is now ranked number 31. Within the past day, ApeCoin has decreased by 0.23 percent. The current APECOIN price is $6.56 with a $411,666,774 24-hour trading volume. As a result, the APE coin was rated as one of the top-performing cryptocurrencies over the previous week. The leading cryptocurrencies and tokens have experienced strong rises in the past week, taking the market cap beyond the $1 trillion mark. Most coin and token prices rose, indicating that the previous week was advantageous for the cryptocurrency market. The APE coin, which had been rising, slowed after falling below the $6 mark. As a result, APE has seen investors abandon its network rapidly in recent months. It attracted many investors in a short period, but the bears did not allow the token to perform properly. The ApeCoin from the Bored Ape Yacht Club NFT collection was the most anticipated token launch of the year. On Wednesday, ApeCoin slips under $6 as investors lose faith in the APE coin. ![]()
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