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These popular digital assets are seeing significant selling pressure as contagion fears are once again priced into the crypto market.

Apecoin price prediction: Ape coin needs to hold the $4.47 level or another retest of the $3 could be coming.

Yuga Labs is in the news after it concluded the much-publicized auction of its inaugural Bitcoin-based non-fungible token (NFT) collection – TwelveFold. The top 288 bidders won one NFT each and will receive their inscriptions within a week, according to an update from Yuga Labs.

Apecoin [APE] has solidly secured the 23.6% Fib level ($4.932) throughout February. However, holders suffered 20% losses in the same period due to price consolidation.

During the early hours of 28 February, Yuga Labs announced that it would be releasing its own NFTs based on Ordinals on the Bitcoin [BTC] blockchain. As a result, there has been a significant uptick in inscriptions of Ordinals, which have become popular among NFT fans.

Even a rising crypto market might not boost the long-term prospects of Dogecoin, ApeCoin, and XRP.

With the apes showing weakness, bears swoop in to claw out some gains. According to Coingecko, APE price has lost its aggressiveness since the start of February, with the biggest losses being observed in the weekly time frame at 7%.

As the total crypto market cap plunged from the $1.13 trillion mark, some digital currencies have dropped along with it over the past month.

ApeCoin is a relatively new cryptocurrency, having only been introduced in the year 2021. However, during this relatively brief period of time, the NFT-based token has been on a roller-coaster ride in the crypto market, reaching new heights while simultaneously testing lower lows.

ApeCoin [APE] recently rejected a proposal that presented the idea of the Forever Apes team producing 1000 ApeCoin capsules, including four stickers, one patch, and one poster.

Yuga Labs' blue-chip NFTs posted solid growth over the past week in most of its key performance indicators.

ApeCoin [APE] is facing countering forces ahead. Notably, the NFT token plummeted by 20%, dropping from $6.417 but steadied around the $5.000 level.

The latest crypto project to unlock a batch of tokens is ApeCoin. As predicted, its native coin APE has seen prices plummet in response.

Bitcoin [BTC] has traded in the $21.6k region over the past few days. The determined defense of this support level by the buyers meant an upward move could soon follow.

The ApeCoin ecosystem is progressing with games and brand-building, but the 100% APY reward for APE staking could eventually do more damage than good.

The SEC's bold move on crypto exchange Kraken and suspension of the staking program has sent shockwaves to the altcoin market as many investors are leaving the sector. Hence, altcoin traders are wondering whether this is the start of another crypto winter or just a temporary correction in the market.

Amid the recent sell-off in the crypto market, the Apecoin price loses some crucial technical support. This breakdown intensifies the ongoing selling pressure in the market, encouraging prices for further downfall.

Metaverse Tokens News: Metaverse tokens are virtual currency units that can be used to make digital payments in the Metaverse.  Each virtual universe's in-game store offers a variety of these currencies, some of which can only be used within the metaverse.

On-chain records show ApeCoin loans to Alameda Research and Wintermute ahead of the APE launch.

ApeCoin [APE] has been experiencing selling pressure for quite a few days, as was evident from its recent price action. According to CoinMarketCap, APE registered over 14% decline in its price over the last seven days, and at the time of writing, it was trading at $5.05 with a market capitalization of over $1.86 billion.

ApeCoin (APE) is a cryptocurrency that takes inspiration from renowned NFT collectibles – the Boat Ape Yatch Club. Which is the biggest NFT project by market capitalization. It left everyone astounded when the price hit its All-time-high, in mere a couple of hours of its launch.

The broader cryptocurrency sector began the year 2023 with an optimistic outlook, and crypto gaming tokens have not been an exception to this trend. What comes as significant gaming news, cryptocurrencies pertaining to the gaming genre have witnessed an average price gain of more than 100 percent in the month of January.

2023 started with optimism for the larger part of the cryptocurrency industry, and crypto gaming tokens have been no exception. Notably, gaming tokens with the highest market capitalization have recorded an average price increase of more than 100% in January alone.

Yuga Labs has launched a new game that has taken the NFT world by storm. According to Delphi Digital, players have spent over two million dollars on the company's new title, making it one of the most successful game launches in the NFT world.