Retail Investors Flock Back to Ethereum Meme Coin Markets: APU and Dogeverse Analysis
APU Price Analysis
As meme coin APU price continues to fight for a second-rally leg, Apu token is currently trading at a market price of $0.00000001682 (representing a 24-hour change of -82%).
This comes as part of a significant retracement move, which has seen APU price take a tumble since a sell-off by early backers was triggered at the all-time high of $0.00000028.
However, in an optimistic sign, holders have posted bullish divergence above the descendant down trend, and now, with two hours of consolidation teasing the idea of $0.000000015 forming a new support level, things could be set to reverse.
Indeed, meme coin APU price action now returns to a previously established accumulation zone between $0.000000015 and $0.000000040, providing further weight to the bullish case for APU.
Meanwhile, the retracement has also seen APU’s market cap decrease to a more appetizing level at just $13k – this could provide one of the easiest 50x moves on the market today.
Yet, with price action near capitulative territory, this is also a high-risk position, especially with 119 holders still yet to make an exit.
The order book reflects this predicament, with transactions balanced at 50% buys to 50% sells in the past 6-hours.
Explore Dogeverse Ahead of Major Tier 1 CEX Listings in Q2 2024
Touted as the “chain traveling Doge,” Dogeverse has multi-chain functionality across major networks like Ethereum, BNB Chain, and Solana making it a versatile contender in the meme coin arena.
With 15% of its 200 billion supply up for grabs, early investors stand to gain significantly after the $15M raise.
The project’s structure and potential for high returns, including a staggering +582% APY return for stakers, underline its ambitious roadmap.
High APY staking has been all the rage recently, and Dogeverse is set to steal all the limelight.
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