![How BAYC’s recent disappointment left ApeCoin [APE] in disarray](https://i.headtopics.com/images/2022/9/8/cryptoamb/how-bayc-s-recent-disappointment-left-apecoin-ape-in-disarray-1567778555244826625.webp)
Bored Ape Yacht Club [BAYC] month-on-month (MoM) performance has been nothing to be thrilled about. Not only has the NFT collection declined in profitability, but buyers also seem to have lost interest in owning one of them. For most, the global NFT market drop was a concrete reason. But how do you explain that one […]
, APE’s on-chain activity has worsened since some excellent performance in May. The blockchain analytic platform reported that the seven-day APE circulation was 23.93 million.
The highest of the last month was 45.09 million on 12 August. As for the 24-hour active addresses, it was also in the drains. The metric which was 5523 on 7 August was down to 996 at press time.Moving on to the four-hour chart, the outcome was nothing different. Indications from the Moving Average Convergence Divergence showed that many investors were already selling their holdings.
Additionally, there was an obvious bearish momentum with both buyer and the seller all below the 12 to 26 Exponential Moving Average close. Hence, hopes of a short-term recovery may be bleak for now.Subscribe to get it daily in your inbox.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NFT market has a savior, and no it’s not ‘Apes’ or ‘Birds’ this timeThe last few weeks have not only been a tough time for the crypto market, but also for the NFT market as a whole. With sales and floor prices plummeting to new lows, some of the best-performing NFT groups were at their lowest. A sad sob story here? In a strange turn of events, that […]
Read more »
GameStop jumps after partnership with FTX US boosts NFT push - BNN BloombergGameStop shares jumped after it announced a partnership with cryptocurrency exchange FTX US, suggesting the video game retailer is making strides in its strategy shift to NFTs even after it reported Q2 sales that missed analysts’ estimates.
Read more »
Solana NFT collections and everything latest you need to knowSolana has come into September on the back of sustained growth. One of the growth aspects has been observed in the Solana-based NFT collections. Magic Eden reported in a recent tweet that it has reached a total of 25 million SOL volumes. It also saw a 300k SOL volume in the past day as well. […]
Read more »
30 Bad Movie Plot Explanations By The Bored Panda CommunityMovies are everyone’s favorite pastime and any cinema fanatic will have no problem explaining their favorite movie plots.
Read more »
Ethereum Name Service’s spectacular performance sends BAYC packingAfter over 9,400 sales on OpenSea in the last seven days, Ethereum Name Service [ENS] domains grabbed the top NFT spot. According to the data shown on the NFT marketplace, ENS domains have had a 202% increase in trading volume over the last 24 hours. In the past week, it’s a cumulative 52% uptick worth […]
Read more »
528 Turtles Club: The ultimate utopian societyWhat is the 528 Turtles Club? The 528 Turtles Club is a limited NFT collection that doubles as your membership to a futuristic utopian DAO Republik known as Crypto528. A DAO Republik is a decentralized blockchain society where each token holder becomes a Citizen and has their rights protected by an official Constitution. In the […]
Read more »