Saturday, 20 April 2024

Crypto News

ApeCoin and Polkadot Trade Sideways While New Investment Opportunities Emerge With Milei Moneda

ApeCoin and Polkadot Trade Sideways While New Investment Opportunities Emerge With Milei Moneda


  • For APE, the bears are currently gaining control.
  • Within the year, Polkadot’s price could reach a high of $20 according to a number of chartists, even though it is presently 82.21% from its ATH.
  • $MEDA is being billed by some analysts as a top crypto to buy in 2024.

Over the past week, ApeCoin and Polkadot dropped 8.67% and 4.96%, respectively. However, both coins have a bullish trend, so analysts expect a possible upward move in the near term.

Before that, analysts have begun turning their attention towards Milei Moneda, which some altcoin investors are pegging as the best cryptocurrency to invest in right now.

Economize Like Milei: Invest in $MEDA

ApeCoin (APE) lost momentum amidst fresh crypto market meltdown

The last six months have pushed ApeCoin (APE) into a bullish sentiment after it established a base support higher than the $1 level. In the past month, ApeCoin (APE) successfully broke out of the structure, testing the $2.68 mark for a bit.

After this test, an inverted hammer candle rejected the price, revealing a potential drop. This resulted in massive sales, causing a drop in ApeCoin price below the $2 mark.

This slight correction seems to give the market a healthy look, though this will probably end sooner rather than later. A further dip below this level could cause a broader correction before resuming upwards.

Note that ApeCoin’s trend still looks bullish weekly, and we can expect larger price movements during the next leg. However, the bears are currently gaining control.

Despite these recent price movements, the future looks great for ApeCoin, and it could be one of the best cryptos to invest in, considering the long-term perspective.

Polkadot (DOT) price analysis & prediction: Can DOT rise to reach $20?

Polkadot (DOT) hodlers aren’t impressed with their investment as they watch DOT get worse over the years. Over the past week, DOT saw an 11.93% drop in value.

With its current price, DOT has dropped 82.21% from its ATH (all-time high) value attained in 2021.

Despite the recent dip, some crypto analysts believe Polkadot (DOT), among all altcoins, could still be one of the top crypto coins due to the bull wave of the crypto market.

Their predictive models suggest a moderately optimistic outlook for Polkadot (DOT) valuation. By 2033, DOT’s average price could reach $20. This upward trend should continue, with…

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