The post Cardano Flops At Critical Resistance Again While DTX Exchange (DTX) and Apecoin Rocket 30%  appeared on BitcoinEthereumNews.com.

Cardano (ADA) is facing a difficult time again at an important price level. Many traders are watching closely because it can’t seem to go up. At the same time, DTX Exchange (DTX) and ApeCoin (APE) are doing really well, both going up by 30% in a few days. This change in the market shows that people are excited about these projects. In this article, we will talk about why Cardano is struggling and why DTX Exchange and ApeCoin are rising. ApeCoin soars after ApeChain launch: Staking and NFTs spark renewed interest Since the launch of ApeChain ApeCoin (APE) has jumped in price. On Coinmarketcap we can see that APE is now trading at $1.41, which is up 81% from last week. This is a big change because the coin had been going down since it reached its highest price of $39.40 in March 2022. At one point, ApeCoin went up by 130% to $1.73 during the weekend. After a small drop this week, the upward momentum can still take it to higher prices. This momentum started after ApeChain launched on October 20. Apecoin (APE) is connected to the Bored Ape Yacht Club, which is a famous NFT collection made on Ethereum. ApeChain helps create and trade NFTs and runs decentralized apps. It also allows users to move tokens easily and gives them chances to earn more money with ApeCoin (APE), ETH, and stablecoins. This has made more people interested in using it. Markus Thielen, who works at 10x Research, says that a new feature called staking has made ApeCoin more popular and its price has gone up. This system automatically adds rewards back into the account, so users can earn more money over time. The platform also wants to attract more people by helping other cryptocurrencies that can earn money.…

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Filed under: News - @ October 23, 2024 2:27 pm