{"id":74795,"date":"2023-10-20T08:13:38","date_gmt":"2023-10-20T12:13:38","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/is-apecoin-going-to-zero-ape-price-falls-6-as-new-rising-meme-coin-seals-600000-from-global-investors\/"},"modified":"2023-10-20T08:13:41","modified_gmt":"2023-10-20T12:13:41","slug":"is-apecoin-going-to-zero-ape-price-falls-6-as-new-rising-meme-coin-seals-600000-from-global-investors","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=74795","title":{"rendered":"Is ApeCoin Going to Zero? APE Price Falls 6% as New Rising Meme Coin Seals $600,000 From Global Investors"},"content":{"rendered":"
\n

ApeCoin (APE) has fallen -6% in the latest rejection move from the 20DMA, but as price finds lower support – will APE bounce back? Or is ApeCoin going to zero?<\/p>\n

The battle for the 20DMA continues, amid a resurgence in Bored Ape Yacht Club floor price, which seems to be finding support at 26 ETH.<\/p>\n

Furthermore, price action has been bolstered by a new marketing game aiming at F1 fans, with BAYC and ApeCoin promotions at the Melbourne MotoGP.<\/p>\n

<\/oembed><\/figure>\n

ApeCoin Price Analysis: Will APE Bounce Back? Or is ApeCoin Going to Zero?<\/strong><\/h2>\n

With price action caught between a rock (lower support) and a hard place (the 20DMA), ApeCoin is currently trading at a market price of $1.08 (representing a 24-hour change of +3.83%).<\/p>\n

This comes in the midst of a -6% fall yesterday, as price saw rejection from a re-test of the 20DMA (which is currently stood at $1.01).<\/p>\n

Price action has been trapped in this hard-fought zone above lower support at $1.015 for more than 2-weeks.<\/p>\n

Yet, a strong recovery on the daily could see re-testing continue – with a potential break above the 20DMA still on the cards.<\/p>\n

Meanwhile the 200DMA remains high above the ongoing trading channel at $2.33.<\/p>\n

As ApeCoin fights for the 20DMA, the RSI has remained relatively cool at a bullish oversold signal, with a live reading at 45.98.<\/p>\n

This bullish sentiment receives confirmation from the MACD, which showcases bullish divergence at 0.009.<\/p>\n

Overall, ApeCoin looks surprisingly strong here – with localised rejection from the 20DMA undertaking relatively minimal retracement, suggesting a good level of interest and support at these levels.<\/p>\n

To the upside this leaves APE with a target at $1.20 – a clean break above the 20DMA (a possible +10.6%).<\/p>\n

While downside risk could see a tumble back to strong lower support at $1.015 (A potential -6.45%).<\/p>\n

This leaves ApeCoin with a risk: reward ratio of 1.64 – a reasonably good entry with limited downside risk.<\/p>\n

Yet, while ApeCoin battles on against further downside, an emerging meme coin presale is stealing the limelight as investors flock into Meme Kombat.<\/p>\n

$600K Raised – As Meme Kombat Emerges as the Biggest Meme Coin of H2 2023?\u00a0<\/strong><\/h2>\n

Meet Meme Kombat, a trailblazing initiative that has seamlessly blended the memetic love of nostalgic gaming, and GambleFi, into a decentralized Web3 platform.<\/p>\n

So, what makes Meme Kombat tick, and why should potential investors keep a keen eye on this presale?<\/p>\n

The essence of Meme Kombat lies in its captivating arena where characters aiming to tap into deeply tribal crypto communities lock horns.<\/p>\n

<\/oembed><\/figure>\n

Players have the liberty to place their bets on these animated battles, predicting the outcomes and possibly reaping attractive rewards.<\/p>\n

With a sturdy promise of Season 1 showcasing 11 distinct meme characters, there’s no shortage of action, and Season 2 is already on the horizon for December 2023.<\/p>\n

The decentralized nature of the project, combined with the thrill of AI-driven battles, ensures that the outcomes are both transparent and unpredictable – every battle is a new experience, ensuring players stay engaged.<\/p>\n

Delivering GameFi to Crypto Rivalries in Dramatic Fashion with Staking<\/strong><\/h2>\n
<\/oembed><\/figure>\n

The project isn’t just about excitement; it’s built on a foundation of trust – Meme Kombat’s commitment to transparency is evident through initiatives like the impending security audit of their smart contract.<\/p>\n

The findings of this audit will soon be public, a move that many projects shy away from.<\/p>\n

The founder and project lead, Matt Whiteman, isn’t an unknown entity in the crypto space.<\/p>\n

His experience spanning two decades in process design, combined with his position as the COO of North Technologies, adds credibility to Meme Kombat.<\/p>\n

When so many projects hide behind the veil of anonymity, Whiteman’s open profile and the project’s physical address in Amsterdam offer an extra layer of trustworthiness.<\/p>\n

The tokenomics of Meme Kombat is also an appealing factor for potential investors – Stake the Meme Kombat ($MK) token, priced attractively at $1.667, and dive into a rewarding ecosystem.<\/p>\n

With a generous APY of 112%, stakers not only benefit from passive income but can also use their staked tokens to place bets in the arena – this dual functionality \u2013 earning while gaming \u2013 sets Meme Kombat apart.<\/p>\n

Intriguingly, engagement on the platform directly influences the income one can earn, so, the more you participate, the more you stand to gain.<\/p>\n

<\/oembed><\/figure>\n

With the GambleFi industry booming following coins like Rollbit, Meme Kombat seems poised to tap into this lucrative market with its innovative approach.<\/p>\n

By merging memes, gaming, and blockchain, the platform is presenting something fresh to the crypto community.<\/p>\n

For those looking to diversify their portfolio with a unique offering, Meme Kombat seems like an opportunity too good to miss – so, don’t be left behind (stay tuned with the MK Telegram).<\/p>\n

Embrace the future of meme-based gaming and betting with Meme Kombat.<\/p>\n

Buy Meme Kombat Here<\/strong><\/p>\n

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n<\/p><\/div>\n