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

Last updated: May 20, 2024 2:07 pm EDT | 2 minute read

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

This article will provide an analysis of the current APU price trends and try to see if a new innovative meme coin, Dogeverserepresents a more promising investment opportunity at this time.

The return of retail capital to Ethereum represents a notable shift in market dynamics after months of sustained dominance by the Solana meme coins, which can largely be explained by a significant drop in the price of ETH gas tariffs from the Dencún update.

This has fueled improvements in Ethereum activity, with growing interest in the ERC-20 meme coins contributing to the recent surge in volume at the major proof-of-stake network, ending months of declines volume.

Leading the pack today is the APU token, playing on a cross between the much-loved Apu Nahasapeemapetilon (the owner of the Kwik-E-Mart on The Simpsons) and the frog’s cousin Pepe – Apu Apustaya.

APU Price Analysis: While Ethereum’s new meme coin basks in glory, is this other token close to the pump?

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

This is part of a significant retracement move, which has seen APU price plummet since a sell-off by early supporters was triggered at an all-time high of $0.00000028.

However, in a sign of optimism, holders have recorded a bullish divergence above the downtrend and now, with two hours of consolidation suggesting the idea of ​​$0.000000015 forming a new support level, things could be destined to reverse.

Indeed, APU price action now returns to a previously established accumulation zone between $0.000000015 and $0.000000040, providing further weight to APU’s bull case.

Meanwhile, the retracement has also seen APU’s market cap drop to a more appetizing level at just $13,000 – this could provide one of the easiest 50x moves in the market today.

However, with the price action close to capitulation territory, this is also a high-risk position, especially with 119 holders yet to exit.

The order book reflects this challenging situation, with transactions balanced between 50% buys and 50% sells in the last 6 hours.

But while APU offers an ultra-high-risk play, market analysts are focusing on a soon-to-launch multi-chain meme coin as the next viral move.

Explore Dogeverse ahead of Tier 1 CEX listings in Q2 2024

Presented as the “Travelling Doge on a Chain”, Dogeverse it has multi-chain capabilities on major networks like Ethereum, BNB Chain, and Solana, making it a versatile contender in the meme coin arena.

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

The project’s structure and potential for high returns, including a staggering +582% APY yield for stakers, underline its ambitious roadmap.

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

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

Click here to participate in the Dogeverse presale

Disclaimer: Cryptocurrencies are a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.

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