David Vance

ApeCoin

<p>As the 20-hour countdown began for the unlock of $40,600,000 worth of ApeCoin ($APE), Pauly0x, the founder of Not Larva Labs, <a href="https://twitter.com/Pauly0x/status/1702884676036169819" target="_blank" rel="noopener noreferrer nofollow">took</a> to Twitter to announce the event. He highlighted that this substantial unlock represents 11% of the coin’s total supply. The mood within the APE community is decidedly negative, indicating that this could be a turning point for the cryptocurrency.</p> 
<h3 class="wp-block-heading" id="strong-community-s-bearish-outlook-strong"><strong>Community’s Bearish Outlook</strong></h3> 
<p>A host of traders and community members had taken to Twitter to express their bearish predictions for ApeCoin. hWonderofWorld had anticipated that the coin’s value would nosedive to a fraction of its then-current worth by the time the unlock occurred. Similarly, DEREK JEEEEEET and David | DontKomply had warned of a “bloody” market and a significant “dump.”</p> 
<p>The bearish sentiment was so pervasive that Fīzz had openly sought advice on the best platform for shorting the token. EtherealZed had called for increased liquidity on the POND exchange to facilitate the sale of his APE holdings. Paddy0999 and 7.62×39.eth were also on the bearish bandwagon, asserting that the coin’s value was set to drop and inquiring about how to short it effectively.</p> 
<h3 class="wp-block-heading" id="strong-looming-risk-of-falling-below-1-strong"><strong>Looming Risk of Falling Below $1</strong></h3> 
<p>Given the prevailing negative sentiment and the large amount of ApeCoin that was about to enter the market, there had been a growing consensus that the coin’s value could dip below the $1 threshold. This had the potential to be a defining moment for ApeCoin, and traders had been bracing for what appeared to be a volatile period ahead.</p> 
<p>On September 17th, the APE price briefly dipped to $1.06 before rebounding to its current price of $1.16. However, considering the widespread negative sentiment that has been prevalent, traders are being advised to proceed with caution. Whether you are an investor or just watching from the sidelines, the coming days are likely to be critical for the future of $APE.</p> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"> <strong>74% of retail CFD accounts lose money.</strong> 
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc"> <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc. 
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/negative-sentiment-fuels-fears-of-apecoin-dipping-below-1-after-40m-unlock/">Negative Sentiment Fuels Fears of ApeCoin Dipping Below $1 After $40M Unlock</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Negative Sentiment Fuels Fears of ApeCoin Dipping Below $1 After $40M Unlock

目录

CaptainAltcoin

发布于 2023年9月18日的其他文章

This Is How Crypto Whales Outsmart CYBER, PERP and Other Retail Traders: Expert Unveils Market Ma...

Ethereum Falls In Value As It Faces Rejection At $1,650

Crypto fund outflows reach nearly half a billion over 9 weeks — CoinShares

XRP May Drop to $0.47828 in the Short-Term, According to Analyst

DOT and AVAX: Have Their Lows for This Cycle Been Established?

Coinbase Receives $1 Million Amid Crypto Hack, Yet Victims Await Compensation – What's Going On?

订阅我们免费的电子期刊，获取每日最新加密领域动态！