{"id":24785,"date":"2023-06-20T01:25:38","date_gmt":"2023-06-20T05:25:38","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/apecoin-is-going-to-zero-as-ape-price-plummets-40-in-a-month-but-green-crypto-ecoterra-just-raised-5-2-million-what-does-it-do\/"},"modified":"2023-06-20T01:25:40","modified_gmt":"2023-06-20T05:25:40","slug":"apecoin-is-going-to-zero-as-ape-price-plummets-40-in-a-month-but-green-crypto-ecoterra-just-raised-5-2-million-what-does-it-do","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=24785","title":{"rendered":"ApeCoin is Going to Zero as APE Price Plummets 40% in a Month But Green Crypto ecoterra Just Raised $5.2 Million \u2013 What Does it Do?"},"content":{"rendered":"
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ApeCoin (APE) has been a hot topic of conversation in the cryptocurrency market lately, but not for all the right reasons.<\/p>\n

Despite witnessing a notable surge of approximately 70% earlier this year, the cryptocurrency has encountered a sharp decline, leading to a substantial loss of nearly 68% from its peak in the year-to-date performance.<\/p>\n

Can ApeCoin make a comeback, or is it on a downward spiral toward zero?<\/p>\n

APE Price Momentum Falters: The Story Told by the EMA<\/strong><\/h3>\n

The 20-day EMA for APE, a short-term trend indicator, stands at $2.505, above the current trading price, indicating that the bears are still in control.<\/p>\n

The same narrative is depicted by the 50-day and 100-day EMAs, positioned at $3.018 and $3.507, respectively, further validating the ongoing bearish trend.<\/p>\n

APE Price in Oversold Territory: The RSI Narrative<\/strong><\/h3>\n

The Relative Strength Index (RSI)<\/u> is a vital tool for analyzing an asset’s overbought or oversold status.<\/p>\n

With an RSI of 26.60, slightly higher than yesterday’s 25.56, ApeCoin has been in oversold territory for the past nine days.<\/p>\n

While this could signal a potential recovery, the extended bearish sentiment suggests that investors should be careful and not ape into APE.<\/p>\n

APE Price Hints at Potential Rebound: A Glimmer of Hope from the MACD Histogram<\/strong><\/h3>\n

The MACD histogram, widely used for identifying prospective buy and sell signals, currently stands at -0.035 \u2013 a slight improvement from yesterday’s -0.047.<\/p>\n

This minuscule upward shift could signify a potential bullish crossover, hinting that a trend reversal may be forthcoming.<\/p>\n

Surging Volume and Shrinking Market Cap: What Does This Mean for APE Price?<\/strong><\/h3>\n

Despite these signals, the volume and market cap trends seem to tell a different tale.<\/p>\n

ApeCoin’s 24-hour trading volume has seen a significant leap of 61.22% to $75 million, while its market cap has contracted by 3.30% to $761 million.<\/p>\n

This suggests that although trading activity is picking up, the overall market valuation seems to be on a downward trajectory \u2013 more people are selling than buying.<\/p>\n

APE Price Battling Key Levels: An Analysis of Resistance and Support<\/strong><\/h3>\n

In terms of price action, ApeCoin finds itself in a tussle to hold support at the key $2 level.<\/p>\n

If the current bearish trend persists and the price dips below this point, the subsequent support is located at the extended Fib -0.236 level at $1.684, followed by the Fib -0.382 level at $1.485.<\/p>\n

However, should ApeCoin succeed in flipping the bearish trend, it will encounter immediate resistance at the Fib 0.236 level at $2.329.<\/p>\n

For now, all eyes are on these critical levels. The technical indicators provide mixed signals, suggesting a potential recovery on the one hand and an ongoing bearish trend on the other.<\/p>\n

While ApeCoin’s price is currently in a bearish phase, the broader crypto market is seeing green, including ecoterra, a crypto startup that is dedicated to promoting environmental sustainability.<\/p>\n

Ecoterra has raised over $5.2 million so far to fund its recycle-to-earn platform that will reward recycling through cryptocurrencies.<\/p>\n

Building a Greener Future: The ecoterra R2E Platform<\/strong><\/h2>\n

Ecoterra isn’t your run-of-the-mill crypto enterprise. It’s a unique Recycle-to-Earn (R2E) platform, inching closer to launching the beta version of its eagerly awaited application.<\/p>\n

This app will be available to regions worldwide with the infrastructure of Reverse Vending Machines (RVMs) in place. With its cross-platform accessibility, ecoterra is planting seeds in a vast field of potential users.<\/p>\n

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Revealing its aesthetic charm, the forthcoming application will employ a minimalist design for seamless navigation, ensuring an enriching user experience.<\/p>\n

Its anticipated arrival later this year, complete with user profiles and a test-run version, keeps the ecoterra community on their toes.<\/p>\n

Visit ecoterra Now<\/u><\/strong><\/p>\n

Nurturing Corporate Alliances: A Toast to Ecological Stewardship<\/strong><\/h2>\n

ecoterra is taking significant strides towards integrating major beverage conglomerates into its database of scannable products, such as Coca-Cola, Carlsberg, and Evian.<\/p>\n

The soon-to-be-released application will empower users to recycle bottles from these brands, and a host of others, like Dr. Pepper, at RVMs, earning crypto rewards in return.<\/p>\n

ecoterra is fueling a $ECOTERRA-powered web3 ecosystem that will prioritize recycling through its pioneering R2E system, streamline trade in recycled materials and advocate for individuals and businesses to offset their carbon footprint.\u00a0<\/p>\n

This project is an example of how crypto’s increasing adoption can be leveraged in addressing climate change.<\/p>\n

Presale Progress: The Bull Run Continues<\/strong><\/h2>\n

ecoterra’s ongoing presale, designed to provide funding for the development of its platform, has garnered significant attention and success.<\/p>\n

With the imminent release of the flagship R2E application’s demo version, the presale process is expected to generate even more enthusiasm.<\/p>\n

Individuals interested in acquiring the ERC-20 crypto token $ECOTERRA, which forms the foundation of ecoterra’s green web3 ecosystem, can currently purchase it for just $0.00925 per token. However, this opportunity is time-limited.<\/p>\n

Once ecoterra’s presale reaches the $5.7 million mark, the final phase will commence, driving up the $ECOTERRA price to $0.01.<\/p>\n

This presale window will close once the funding goal of $6.7 million is achieved, which is anticipated to happen soon.<\/p>\n

$ECOTERRA’s upcoming debut on major crypto exchanges in the next quarter is likely to spark speculation about its potential to rise in price.<\/p>\n

As more investors become aware of this promising green crypto token, its price is projected to increase.<\/p>\n

How to Buy ecoterra Tokens?<\/strong><\/h2>\n

Ecoterra tokens can be purchased from the official website during the presale.<\/p>\n

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Users can connect their wallets\u2014Mobile users can use the Metamask or Trust Wallet App to visit ecoterra’s website, click on “connect,” select the app, and click “approve.”<\/p>\n

Desktop users can open Google Chrome, click on “Connect Wallet,” and approve using the Metamask extension.<\/p>\n

After selecting a payment method (ETH, USDT, or Card) and entering the desired amount, follow the instructions for your chosen method, enter the amount of ETH\/USDT, and click “Buy Now” to approve the transaction.<\/p>\n

Once the transaction is complete and confirmed, reconnect your wallet and check your current token balance.<\/p>\n

When the presale ends, connect your wallet and click the “Claim tokens” button.<\/p>\n

As ecoterra continues to carve its path in the green crypto space, observers keep their eyes peeled for the potential ripple effect it could have on the broader cryptocurrency market.<\/p>\n

And perhaps, in its strides, a glimmer of hope could be found for struggling cryptocurrencies like ApeCoin.<\/p>\n

Visit ecoterra Now<\/u><\/strong><\/p>\n

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.<\/sub><\/i><\/p>\n<\/p><\/div>\n