{"id":31449,"date":"2023-07-04T23:12:10","date_gmt":"2023-07-05T03:12:10","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/apecoin-is-going-to-zero-after-azuki-drama-sends-nft-prices-crashing-but-chimpzee-might-be-the-next-crypto-to-explode-heres-why\/"},"modified":"2023-07-04T23:12:12","modified_gmt":"2023-07-05T03:12:12","slug":"apecoin-is-going-to-zero-after-azuki-drama-sends-nft-prices-crashing-but-chimpzee-might-be-the-next-crypto-to-explode-heres-why","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=31449","title":{"rendered":"ApeCoin is Going to Zero After Azuki Drama Sends NFT Prices Crashing But Chimpzee Might Be The Next Crypto to Explode \u2013 Here’s Why"},"content":{"rendered":"
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ApeCoin (APE), the utility and governance token of the APE ecosystem which was built by Yuga Labs to expand the utility of its Bored Ape Yacht Club (BAYC) non-fungible token collection, has been struggling recently.<\/p>\n

APE\/USD has been unable in recent weeks to muster a sustained pushback to the north of its 21-Day Moving Average (DMA), which has been acting as resistance going all the way back to April.<\/p>\n

APE was last trading near $2.20 per token, within familiar ranges over the past month.<\/p>\n

But the token is unlikely to be able to replicate the positive general performance being seen elsewhere in the crypto market, such as with bitcoin (BTC) and ether (ETH).<\/p>\n

That\u2019s because NFT markets, including the price of BAYC collection, are performing badly right now, reducing demand for the NFT-linked APE cryptocurrency.<\/p>\n

The poor performance of the NFT market has a lot to do with a recent drama relating to a recently launched Azuki NFT collection.<\/p>\n

The Azuki NFT collection creators raised a stunning near $40 million in their new launch, but some big investors claimed that they had been ripped off, as the newly launched collection looked very similar to a past collection.<\/p>\n

These big investors bandied together to form the so-called Azuki DAO (decentralized autonomous organization), which they are using to put pressure on Azuki\u2019s creators for a refund.<\/p>\n

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The debacle is weighing on broad confidence in the NFT market, with the price floor of the BAYC collection recently hitting a near two-year low of $52,000, as per nftpricefloor.com.<\/p>\n

That\u2019s a more than 85% decline from the record-high price floor reached in April 2022 of around $370,000.<\/p>\n

As crypto investors continue to lose confidence in NFTs, some are claiming that NFT-linked cryptocurrencies like APE could soon be headed for zero.<\/p>\n

At current levels not far above $2.0, APE is close to record lows and is down over 90% versus its record highs from April 2022 in the $28 region.<\/p>\n

This Could Be The Next Ape-Themed Crypto to Explode<\/strong><\/h2>\n

While the ApeCoin outlook is dire, things are looking up for another ape-themed crypto called Chimpzee.<\/p>\n

Chimpzee, which has been labelled by some as web3\u2019s hottest charity-focused project, just moved into the sixth stage of its highly popular crypto presale.<\/p>\n

Some industry observers think that the project could be the next crypto to explode.<\/p>\n

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The disruptive crypto platform, which allows its users and supporters to earn a passive income whilst simultaneously saving animals and fighting climate change, has now raised a whopping $680,000 via sales of its $CHMPZ token.<\/p>\n

Chimpzee\u2019s web3 platform is set to feature a shop-to-earn Chimpzee merchandize store, a trade-to-earn non-fungible-token (NTF) marketplace and a play-to-earn game called \u201cZero Tolerance\u201d.<\/p>\n

Owners of Chimpzee\u2019s NFT Passports will also be able to earn yields of as much as 20% APY, as well as benefiting from other exclusive perks.<\/p>\n

Investors who want to get involved with one of the crypto industry\u2019s most promising charity projects should move quickly.<\/p>\n

That\u2019s because presale investors can receive a bonus of up to 300% in additional $CHMPZ coins if they get in ahead of the presale hitting $750,000.<\/p>\n

When this milestone is hit, Chimpzee will be making a donation related to helping protect black jaguars.<\/p>\n

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Moreover, in just nine days, the presale will enter its seventh stage and the price of $CHMPZ will rise 4.5% from $0.00067 to $0.0007.<\/p>\n

That means investors who get in now can be sat on paper gains of at least 275%, given $CHMPZ will list on major exchanges later this year at a price of $0.00185.<\/p>\n

Potential buyers should also note that when the sixth presale stage ends investors will lose the right to buy a Diamond Chimpzee NFT Passport, which offers the highest staking yields and best perks.<\/p>\n

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Early investors will be able to secure their Diamond Chimpzee NFT Passports in an exclusive whitelist event at the end of the presale and prior to the platform\u2019s public launch.<\/p>\n

Visit Chimpzee Here<\/p>\n<\/p><\/div>\n