Apecoin futures witnessed $36 million liquidation in a 24-hour period. Despite the massive liquidation, Apecoin price registered a double-digit rally.
Sustain ApeCoin Price Rise
Based on Apecoin futures data, APE has cleared $36 million overnight. Despite the massive liquidation, APE price successfully managed to climb above $22.23. Analysts see the $20 listing price as an important psychological level for ApeCoin.
Fans believe that the three new proposals it put to the vote could increase the bullish sentiment among ApeCoin holders. AIP-21, AIP-22 and AIP-7 will continue to be voted on tonight.
The community has been hard at work proposing new ideas in the form of AIPs to guide the direction of the DAO. Read below for a quick update on where some AIPs are at in the process and how as a holder of ApeCoin (and therefore a DAO member) you can participate. 🧵(1/5)
— ApeCoin (@apecoin) April 28, 2022
The Apecoin community has a self-governing system through the DAO and follows the ecosystem funding and voting process. The Governance Guide is a living document that evolves and evolves with input from the community.
Fans believe that the rally in ApeCoin’s price was fueled by community interest and demand for NFT. Therefore, discussion of the improvement proposals of Apecoin Dao is considered as an important driver of the current bull run.
Hayess5178, the aforementioned analyst and crypto trader, stated that ApeCoin could make 145% gains in 18 days. The analyst believes that the APE price may bounce a little after rising rapidly.
How about that on $APE. 145% in 18 days👍.
Posted breakout @ $11 on April 11th and posted to adjust SL and secure profit few hours ago. It’ll probe bounce around for a while, maybe another quick spike up but I think the main pump is probably over for time being#NFT #Bitcoin #APE https://t.co/RYbBaeSOzR pic.twitter.com/esl0xdWzuE— Simon Hayes (@Hayess5178) April 29, 2022
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.