{"id":515685,"date":"2023-01-11T02:44:22","date_gmt":"2023-01-11T07:44:22","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=515685"},"modified":"2023-03-08T07:25:45","modified_gmt":"2023-03-08T07:25:45","slug":"apecoin-up-21-in-last-week","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/apecoin-up-21-in-last-week\/","title":{"rendered":"ApeCoin Climbs 21% In Last 7 Days As Sentiment Remains Bullish"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Investors and traders of ApeCoin (APE) have been seeing some big gains since the start of 2023. With the crypto market experiencing a <\/span><a href=\"https:\/\/www.msn.com\/en-us\/money\/topstocks\/this-crypto-is-surging-again-today-now-up-50-over-the-past-2-days\/ar-AA16blKg\" rel=\"nofollow\"><span style=\"font-weight: 400\">surge<\/span><\/a><span style=\"font-weight: 400\"> in prices, ApeCoin has been riding the bullish wave upwards <\/span><a href=\"https:\/\/www.msn.com\/en-us\/money\/topstocks\/this-crypto-is-surging-again-today-now-up-50-over-the-past-2-days\/ar-AA16blKg\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">showing gains<\/span><\/a><span style=\"font-weight: 400\"> on almost all timeframes.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">ApeCoin is riding the bullish momentum, while Yuga Labs\u2019 Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) remain some of the dominant collections available on the NFT market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to <\/span><a href=\"https:\/\/www.msn.com\/en-us\/money\/topstocks\/this-crypto-is-surging-again-today-now-up-50-over-the-past-2-days\/ar-AA16blKg\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">DappRadar<\/span><\/a><span style=\"font-weight: 400\">, the two collections are first and second in terms of trade volume in the past month. However, with the recent Yuga Labs situation, will APE remain profitable to investors?\u00a0<\/span><\/p>\n<h2><strong>Yuga Labs Lawsuit And How It May Affect ApeCoin<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Recent information about the lawsuit filed against Yuga Labs can affect APE\u2019s ability to continue its bullishness. <\/span><\/p>\n<p><span style=\"font-weight: 400\">According to <\/span><a href=\"https:\/\/decrypt.co\/118747\/yuga-labs-bored-ape-lawsuit-can-of-worms\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">news<\/span><\/a><span style=\"font-weight: 400\">, a federal judge ruled that Greg Solano and Wylie Aronow, the co-founders of Yuga Labs which created BAYC and MAYC, must face deposition in the most recent escalation between the company and Ryder Ripps who launched a <\/span><a href=\"https:\/\/www.msn.com\/en-us\/money\/news\/counterclaim-filed-in-ongoing-lawsuit-by-yuga-labs-over-alleged-copycat-bayc-nfts\/ar-AA15KtEK\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">counterclaim<\/span><\/a><span style=\"font-weight: 400\"> along with co-defendant Jeremy Cahen.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/solana-up-45-in-last-week\/\" target=\"_blank\" rel=\"noopener \">Solana Moves On From FTX Calamity, Sparkles 46% In Last 7 Days<\/a><\/div>\n<p><span style=\"font-weight: 400\">The saga started back in June of 2022 when Yuga Labs filed a <\/span><span style=\"font-weight: 400\">lawsuit<\/span><span style=\"font-weight: 400\"> against the artist, claiming that Ripps was scamming buyers of BAYC with supposed intentions of harming the company. Ryder has been a vocal critic of the Yuga Labs and BAYC, going as far as calling the community a <\/span><a href=\"https:\/\/twitter.com\/ryder_ripps\/status\/68026369?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E68026369%7Ctwgr%5E04233c7ea8ad8ec700669231beb684f4048d3b92%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Fdecrypt.co%2F102602%2Fbored-ape-yacht-club-nft-ownership\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">brainwashed cult<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">&#8220;bayc is not a brainwashed cult&#8221;<\/p>\n<p>bayc: <a href=\"https:\/\/t.co\/zp0X9BL2SF\" rel=\"nofollow\">pic.twitter.com\/zp0X9BL2SF<\/a><\/p>\n<p>\u2014 RYDER RIPPS \ud83d\udd1c (@ryder_ripps) <a href=\"https:\/\/twitter.com\/ryder_ripps\/status\/68026369?ref_src=twsrc%5Etfw\" rel=\"nofollow\">June 17, 2022<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">One of the counterclaims was the alleged <\/span><a href=\"https:\/\/twitter.com\/ryder_ripps\/status\/27146753?s=20&amp;t=fEFX5BIUtSNeSaUW1BzGtQ\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Neo-Nazi origins<\/span><\/a><span style=\"font-weight: 400\">, an accusation that was <\/span><a href=\"https:\/\/twitter.com\/GordonGoner\/status\/94738947?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E94738947%7Ctwgr%5E799b7dfebcfa2f8ea7a1273e6caa558b3f9420da%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Fdecrypt.co%2F103799%2Fbored-ape-founders-nazi-disinformation-campaign-demented-troll\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">denied<\/span><\/a><span style=\"font-weight: 400\"> by Yuga in June last year. However, Ripps and Co. will now have a chance to question the two co-founders in detail under the threat of perjury which may or may not fall in favor of Yuga Labs, affecting the company and APE in its astronomical rise.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-515687 size-full\" src=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/01\/a-28.png?resize=600%2C296\" alt=\"\" width=\"600\" height=\"296\" srcset=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/01\/a-28.png?w=600 600w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/01\/a-28.png?w=460 460w\" sizes=\"(max-width: 600px) 100vw, 600px\"><\/p>\n<pre style=\"text-align: center\">Image: Twitter<\/pre>\n<h2><strong>Will ApeCoin Continue APE\u2019ing Around?\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">As of writing, the token has been rejected on the $5 resistance range and has since started its downwards momentum. This might only be a short correction as APE rode the bullishness as the major cryptocurrencies <\/span><a href=\"https:\/\/www.msn.com\/en-us\/money\/markets\/bitcoin-ethereum-dogecoin-rally-intact-amid-powell-nonevent-trader-says-apex-coin-s-bullishness-contingent-on-dollar-moves\/ar-AA16chbr\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">rallied<\/span><\/a><span style=\"font-weight: 400\"> as well.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/chiliz-hits-15-weekly-gains\/\" target=\"_blank\" rel=\"noopener \">Chiliz Serves Up 16% Weekly Gains, Becomes Most Traded Token Among ETH Whales<\/a><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/Ur43Q8ms\/\" width=\"2047\" height=\"979\"><\/p>\n<pre style=\"text-align: center\">Crypto total market cap at $816 million on the daily chart | Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<p><span style=\"font-weight: 400\">However, as the Yuga Labs\u2019 co-founders are subject to deposition, the sway of investor sentiment on APE might swing to the bears. Investors and traders must keep tabs of the sworn statement against the company co-founders as the results of this will impact the firm and its NFTs and token.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Short-term, the bears might win as the correction phase is in full swing. Investors and traders will find support at $4.2 which should sustain a further retesting of the resistance at $5. But for now, investors should HODL as we await the results of the proceedings against Yuga Labs.\u00a0<\/span><\/p>\n<p><em>-Featured image from The Guardian<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors and traders of ApeCoin (APE) have been seeing some big gains since the start of 2023. With the crypto market experiencing a surge in prices, ApeCoin has been riding the bullish wave upwards showing gains on almost all timeframes.\u00a0 ApeCoin is riding the bullish momentum, while Yuga Labs\u2019 Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) remain some of the dominant collections available on the NFT market.\u00a0 According to DappRadar, the two collections are first and second in terms of trade volume in the past month. However, with the recent Yuga Labs situation, will APE remain profitable to investors?\u00a0 Yuga Labs Lawsuit And How It May Affect ApeCoin Recent information about the lawsuit filed against Yuga Labs can affect APE\u2019s ability to continue its bullishness. According to news, a federal judge ruled that Greg Solano and Wylie Aronow, the co-founders of Yuga Labs which created BAYC and MAYC, must face deposition in the most recent escalation between the company and Ryder Ripps who launched a counterclaim along with co-defendant Jeremy Cahen.\u00a0 Related Reading: Solana Moves On From FTX Calamity, Sparkles 46% In Last 7 Days The saga started back in June of 2022 when Yuga Labs filed a lawsuit against the artist, claiming that Ripps was scamming buyers of BAYC with supposed intentions of harming the company. Ryder has been a vocal critic of the Yuga Labs and BAYC, going as far as calling the community a brainwashed cult. &#8220;bayc is not a brainwashed cult&#8221; bayc: pic.twitter.com\/zp0X9BL2SF \u2014 RYDER RIPPS \ud83d\udd1c (@ryder_ripps) June 17, 2022 One of the counterclaims was the alleged Neo-Nazi origins, an accusation that was denied by Yuga in June last year. However, Ripps and Co. will now have a chance to question the two co-founders in detail under the threat of perjury which may or may not fall in favor of Yuga Labs, affecting the company and APE in its astronomical rise.\u00a0 Image: Twitter Will ApeCoin Continue APE\u2019ing Around?\u00a0 As of writing, the token has been rejected on the $5 resistance range and has since started its downwards momentum. This might only be a short correction as APE rode the bullishness as the major cryptocurrencies rallied as well.\u00a0 Related Reading: Chiliz Serves Up 16% Weekly Gains, Becomes Most Traded Token Among ETH Whales Crypto total market cap at $816 million on the daily chart | Chart: TradingView.com However, as the Yuga Labs\u2019 co-founders are subject to deposition, the sway of investor sentiment on APE might swing to the bears. Investors and traders must keep tabs of the sworn statement against the company co-founders as the results of this will impact the firm and its NFTs and token.\u00a0 Short-term, the bears might win as the correction phase is in full swing. Investors and traders will find support at $4.2 which should sustain a further retesting of the resistance at $5. But for now, investors should HODL as we await the results of the proceedings against Yuga Labs.\u00a0 -Featured image from The Guardian<\/p>\n","protected":false},"author":557,"featured_media":515689,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,85709,85926,3505,85708],"class_list":["post-515685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-apecoin","tag-bored-ape","tag-price-analysis","tag-yuga-labs"],"acf":[],"yoast_head":"\n<title>ApeCoin Climbs 21% In Last 7 Days As Sentiment Remains Bullish<\/title>\n<meta name=\"description\" content=\"Investors and traders of ApeCoin (APE) have been seeing some big gains since the start of 2023. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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