Is it too late to buy ApeCoin? APE Price Surged 10% In One Week But Global Investors Are Hoarding This Other Mem Coin Instead – Here’s Why

source/sam cooling x appcoin

As the altcoin market continues to slide south, ApeCoin ($APE) is no exception, with APE holders suffering a drop of -67% since January – but a minor rally is offering a glimmer of hope.

It appears that ApeCoin is climbing out of the trough of despair as a rally of +10% this week has breathed much needed life into months of broad price action.

ApeCoin Price Analysis: Is It Too Late To Buy APE?

TradingView / APE USDT

After a push-up, Apecoin is now trading at a current price of $2.12 (24h change of -0.05%) as the price action turned into a marginal retracement.

With price action appearing to be forming a double-bottom pattern of technical support, the +10% move from Friday the 14th is igniting a wave of euphoria among long-suffering holders.

And even better, in a dramatic move, Apecoin has been seen retracing strong support above the low 20DMA – indicating a potential base for a recovery rally could now be on the cards.

The bounce has begun due to lower trendline support, attention now shifts to the 200DMA – which remains above price action around $4.00.

However, consolidation may be needed at this level as APE’s RSI heated up on the latest move – rising to lose bullish divergence at 50.71.

Despite the overheating RSI, the MACD indicator is giving more reason to cheer, indicating a bullish divergence at 0.038.

TradingView / APE USDT

Consequential Risk:Reward structure is attractive, with upside targets at higher price levels around $3.35 (+57%) and downside risk as low as $1.80 (-14.8%).

This leaves ApeCoin with a risk:reward ratio of 3.85 – suggesting a good entry – which is certainly not too late to enter.

More Reliable Profits: BTC20

Source/Mid Journey

Have you ever wondered what it would be like to own all the bitcoins? Sitting on the sidelines watching BTC reach another all-time high, wondering how much you could have made if you had been around in the early days?

BTC20 is bitcoin, but better… Built to stand the test of time using ERC-20 proof-of-stake technology as its backbone, BTC20 promises to create an entirely new generation of bitcoiners with the added promise of a green network and passive income generation.

BTC20 reduces bitcoin carbon emissions by 99.95%

Indeed, for several years now bitcoin’s proof-of-work model has come under widespread criticism due to its extremely high energy consumption – often powered by dirty power-grids at coal-fired power stations.

This has been a major issue for bitcoin globally, given that Beijing has banned bitcoin mining, in 2021 it was reported that the bitcoin network was responsible for 113 metric tons of carbon emissions.

A phenomenal increase from just 0.9 MT in 2016, this problem is set to get worse as halving events and increased difficulty rates take their toll on miners in the future.

BTC20 is the solution to this challenge, offering a transition to a cleaner and less demanding proof-of-stake blockchain technology for future bitcoin transactions.

But it is much more than a permanent solution to bitcoin’s dirty energy problem, BTC20 becomes an opportunity to re-imagine the way bitcoin holders can benefit.

Rewards at stake for bitcoin via BTC20


Holder benefits will be delivered through an innovative stake-to-earnings mechanism, set to launch in the fourth quarter of this year, offering the promise of double-down rewards for those committed to holding, with rewards issued in proportion to stake volume.

The staking mechanism will attempt to distribute a large pool of locked tokens (at least 14.95 million unsold in the presale) in successive token release sets to match the bitcoin network.

Staking rewards are linked to both staking volume and valid blocks, with 6.5 BTC20 valid per 1 block which forms the basis of staking rewards.

This can be seen in the example below, where if a holder staked 5,000 BTC20 for a period of one year, they would receive approximately 3,285 BTC20 in rewards – given an estimated APY of 65.70%.


At an attractive pre-sale price of just $1 per BTC20 token, interest is rising as bitcoiners race to secure a piece of the 3 million tokens in the pre-sale.

Imagine the potential growth, if BTC20 gained even 10% of bitcoin’s market cap (10% = $58bn today) BTC20 would be worth $2,790 – a 278,900% increase.

With a symbolic supply of bitcoin at 21 million tokens and a dedicated team of developers working on a roadmap with a 120-year vision – the long-term sustainability of the project may be even better than the original bitcoin.

BTC20 has already gained traction with prominent crypto analysts such as Jacob Bury, which is evidenced by the skyrocketing interest surrounding the launch of the BTC20 presale.

You can read the BTC20 whitepaper here to become familiar with the next generation technology underpinning this exciting project. Also don’t miss the chance to connect with fellow holders early BTC20 twitter here,

Don’t miss your chance to join the ranks of early bitcoin supporters – become a full-fledged coin maker today.

buy btc20 here

Disclaimer: Crypto is a high risk asset class. This article is provided for informational purposes and does not constitute investment advice. You can lose all your capital.

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