New Delhi: ApeCoin (APE) is the latest sensation to hit the world of digital and crypto markets. It was launched on multiple exchanges across the globe including Binance & OKX and also saw its listing on the Indian crypto exchange Giottus on March 18.
APE is a token that powers the APE NFT ecosystem. Those trading on Giottus exchange can trade with APE tokens via ERC-20 blockchain.
Giottus describes itself as India’s leading crypto exchange where users can buy, sell and trade Bitcoin, Ripple, Ethereum, Tron, Bitcoin Crash & other digital currencies with ease.
The ApeCoin already available for trading on various exchanges including Binance, Coinbase, KuCoin, Huobi, Kraken, Bybit, FTX, etc. Its current market cap stands at $2.93 billion and despite being a new entrant, is ranked at 47th spot in market capitalisation charts.
The ApeCoin Project aims for creation and expansion of a web decentralised web 3.0 community.
2700% rise since launch
ApeCoin has been a hit among traders and has caught their fancy after launch. Since its launch, the crypto coin has made an impressive increase of 2700% in trade value. APE is currently trading at $13.14, 1,200% above the lows.
The crypto coin is displaying a good momentum on the 4-hour Heiken- Ashi chart and traders should keep track of the charts.
Analysts believe this is an excellent bullish signal for the digital coin. Also, it crossed past the .382 Fibonacci level, raising fresh hopes.
If bulls can sustain the momentum and the crypto closes above $13.76, the next target of the ApeCoin would be $16.50. This would mean a whopping rise of 20% increase from the current levels.