ApeCoin (APE) has been on an incredible uptrend in recent weeks, with the token trading at around $6.10 at the time of writing [1], representing a 70% increase in the last month and a 130% increase since its yearly lows in the $2.60 range [1]. The token is likely to experience further gains in the coming months as investor confidence returns to the cryptocurrency market and projects in the space have successful presales. Those interested in taking advantage of this should act quickly in order to secure tokens ahead of the next price rise.
A spokesperson for Yuga Labs notes that they expect the Ape token to begin trading “soon” on major exchanges such as Coinbase, FTX, eToro, and more [2]. The company is behind the NFT project Bored Apes Yacht Club (BAYC), which quickly became the most valuable NFT project by market cap. Yuga Labs is also looking to acquire funding at a $5 billion valuation and has revealed a new partnership for a play-to-earn gaming title built around a much-hyped token called ApeCoin [2]. To ensure regulatory compliance, the startup has taken steps to distance itself from the token’s launch, which will instead be managed by ApeCoin DAO, a council made up of members connected to the NFT project, but not employed by or executives of Yuga Labs. The APE Foundation will be set up to oversee the decisions of the ApeCoin DAO.
The total token allocation of 1 billion APE coins is divided into several sections: 8% will go to the founders of Bored Apes Yacht Club, 16% will go to the Yuga Labs team (with 1% of the total token supply donated to the Jane Goodall Foundation Legacy Foundation), 14% will go to “launch contributors,” 15% will go to owners of the Bored Apes and Mutant Apes collections, and 47% will be released over time as part of the DAO’s “ecosystem fund” [2]. The token’s purpose is yet to be revealed, but it is thought to be used as an in-game currency for some of the titles that Yuga Labs is currently developing.
The price of ApeCoin (APE) has recently surged due to anticipation of its use as a payment token in an upcoming
ApeCoin has been benefitting from a broad rally in crypto prices that has seen the likes of Bitcoin and Ethereum both gain in the region of 40% this month. Analysts say that this month’s upside in crypto prices is being driven by a combination of easing financial conditions as US inflation and growth slows, leading to more dovish expectations for Fed tightening in the coming quarters, as well as growing signs (both technical and on-chain) that the bear market in crypto might now be over.
Where Next for APE?
APE’s upside this month really got kicking when the cryptocurrency burst to the north of a long-term pennant earlier this month, a classic bullish technical pattern. That helped launch APE above all of its major moving averages, including most importantly its 200-Day Moving Average, which now, alongside the 21DMA, seems to be acting as a support level.
APE bulls are eyeing a near-term break above resistance in the $6.50 area, which could open the door to a push higher to the summer 2022 highs in the $7.70 area. Should the crypto bull market extend into February and altcoins continue exploding higher as risk appetite returns to the most speculative corners of the cryptocurrency space, a rally back to last year’s all-time highs in the $27.80 area cannot be ruled out.
ApeCoin’s upside is typical of risk sentiment improving in the cryptocurrency space, a time when altcoins tend to do well. Investors looking for cryptocurrencies that offer high potential gains should also consider presale tokens. When market conditions are good, investors who buy tokens early at the discounted presale price can routinely secure 10x gains or more on their investment. Here is a list of projects conducting presales that have a lot of upside potential.
Meta Masters Guild (MEMAG) – Stage 3 Nearly Complete
Meta Masters Guild is an up-and-coming mobile-based web3 gaming ecosystem that is developing a host of fun and addictive games. The games will utilize non-fungible tokens (NFTs), allowing community members to earn rewards, as well as stake and trade. The platform hopes to in the future host dozens of viral games. Its first game, Meta Karts Racers will be released later this year.
Meta Masters Guild is currently conducting a presale of its MEMAG tokens to fund further game development, and the presale is already proving to be one of the hottest of 2023. In just a few weeks, the crypto start-up has already managed to raise a whopping $1.447 million via MEMAG sales.
Tokens are currently selling for $0.0013 each, but this price will have risen to $0.023 by the seventh stage of the presale, meaning early investors could be sat on paper gains of over 77%. Interest investors should move quickly to secure tokens ahead of the next price rise in just under six days.
Fight Out (FGHT) – Presale on Now
The young move-to-earn crypto niche has shown a lot of promise, but early success stories like STEPN have significant limitations that have, so far, prevented them from conquering the mainstream. Fight Out, which touts itself as the future of move-to-earn, wants to change that in 2023.
Fight Out is a brand new web3 fitness application and gym chain that rewards its users for working out, completing challenges, and competing within a first-of-its-kind fitness metaverse. While existing M2E applications such as STEPN only track steps and require expensive non-fungible token (NFT) buy-ins to take part, Fight Out takes a more holistic approach to tracking and rewarding its users for their exercise and activity, and doesn’t require any expensive buy-ins to take part.
Fight Out seeks to combine the physical and web3 worlds. The project aims to eventually acquire gyms across all of the world’s major cities, whilst simultaneously promoting an integrated web3 fitness experience. Meanwhile, at the center of Fight Out’s digital ecosystem will be its smartphone application which, according to Fight Out’s whitepaper, is scheduled for launch in Q2 2023.
The Fight Out app will harness smartphone and wearable technology to measure and track physical performance. The app will have its own in-house tokenized economy, where users can earn rewards for completing M2E tasks, and can mint their own soul-bound token avatar, through which the user will be able to interact with the Fight Out metaverse.
FGHT is the token that powers the Fight Out metaverse ecosystem. FGHT can be used to pay discounted memberships to Fight Out’s gyms and digital products. Users will also pay to enter competitions and leagues with FGHT, and winnings will be paid out in FGHT and FGHT can be used in peer-to-peer fitness wagers.
Fight Out’s is currently conducting a presale of its FGHT token, and they are selling out fast. The pre-sale has already raised over $3.4 million in just a few weeks and looks like it may hit the $15 million hard cap ahead of 31st of March, when the presale is scheduled to end.
FGHT is scheduled to list across centralized exchanges in April at $0.033 per token. Tokens can currently be secured in the presale for $0.01727, with this price set to rise to in less than two hours. Investors should move quickly, as if they secure tokens now, they could be sat on paper gains of around 100% by the time the crypto token lists on exchanges at the start of Q2.
C+Charge (CCHG) – Presale Now On
The carbon credit industry is projected to be worth $2.4 trillion by 2027. Democratizing access to accrue these benefits is going to massive business in the years ahead and this is something crypto start-up C+Charge hopes to achieve. C+Charge is currently building a blockchain-based Peer-to-Peer (P2P) payment system for EV charging stations that will allow the drivers of electric vehicles (EVs) to earn carbon credits.
C+Charge aims to boost the role of carbon credits as a key incentive for the adoption of EVs. At present, large manufacturers of EVs like Tesla earn millions from selling carbon credits to polluters. C+Charge wants to democratize the carbon credit market by allowing more of these rewards to find themselves in the hands of the EV owners, rather than just the big businesses.
C+Charge has just started its pre-sale of the CCHG token that its platform will use to pay at EV charging stations. Tokens are currently selling for $0.013 each, though by the end of the presale, this will have risen by 80%. Investors interested in getting in early on a promising environmentally friendly cryptocurrency project should move fast, with the project having already raised nearly $400,000 in just a few weeks since the presale launch.
Investors should note that the remaining tokens could be scooped up quickly. A crypto whale recently scooped up over $99 worth of CCHG in one transaction, as can be verified here on BscScan.
