Apu Meme Coin Skyrockets on Ethereum, Another Meme Coin Set to Rise with $15 Million Raised

Last updated: May 20, 2024 at 2:07 p.m. EDT | 2 minutes of reading

In an unexpected twist, retail investors are returning to the Ethereum coin markets in droves, and the new Apu token has exploded on the DEX markets.

This article will provide an analysis of current APU price trends and seek to see if an innovative new coin, Dogeverscurrently represents a more promising investment opportunity.

The return of retail capital to Ethereum is a notable change in market dynamics after months of sustained Solana coin dominance, which can largely be explained by a significant decline in the price of ETH. gas fees since Dencun upgrade.

This has fueled improving activity on Ethereum, with growing interest in ERC-20 meme coins contributing to the recent surge in volume on the leading proof-of-stake network – ending months of decline. volume.

Leading the pack today is the APU token, which plays on a cross between the beloved Apu Nahasapeemapetilon (the owner of the Kwik-E-Mart on The Simpsons) and Pepe the Frog’s cousin – Apu Apustaja.

APU Price Analysis: As New Ethereum Meme Coin Basks in Glory, Is This Other Token Missing the Pump?

As APU price continues to fight for a second leg of rally, the Apu token is currently trading at a market price of $0.00000001682 (representing a 24-hour change of -82%).

This comes amid a significant retracement move, which has seen the price of APU fall since the early backers sell-off was triggered at the all-time high of $0.00000028.

However, in an optimistic sign, holders posted a bullish divergence above the downtrend, and now, with two hours of consolidation teasing the idea of ​​$0.000000015 forming a new support level, the Things could turn around.

Indeed, APU price action is now returning to a previously established accumulation zone between $0.000000015 and $0.000000040, lending further weight to the bullish case for APU.

At the same time, the retracement also saw APU’s market cap decline to a more appetizing level at just $13,000 – this could make for one of the easiest 50x moves in the market today.

However, with prices near capitulation territory, this is also a high-risk position, especially with 119 holders yet to make an exit.

The order book reflects this difficult situation, with trades balanced at 50% buys and 50% sells over the last 6 hours.

But while APU offers a very high-risk game, market analysts are focusing on a soon-to-be-launched multi-chain coin as the next viral game.

Explore Dogeverse Ahead of Major Tier 1 CEX Listings in Q2 2024

Billed as the “Chain Traveling Doge”, Dogevers has multi-chain capabilities on major networks like Ethereum, BNB Chain, and Solana, making it a versatile contender in the meme coin space.

With 15% of its $200 billion offering up for grabs, early investors stand to gain significantly after the $15 million raise.

The structure of the project and its potential for high returns, including a staggering +582% APY yield for investors, underlines its ambitious roadmap.

High APY staking has been all the rage recently, and Dogeverse is poised to steal all the limelight.

Beyond its playful facade, Dogeverse introduces real utility, providing seamless integration into different blockchain environments – this feature not only improves accessibility, but also adds a layer of convenience for investors.

Click here to participate in the Dogeverse presale

Warning: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose your entire capital.

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