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ApeCoin retraces as Ethereum Classic maintains upward momentum into the new week

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  • Ethereum Classic (ETC) and Algorand (ALGO) up more than 6% in the last 24 hours
  • ApeCoin price has slid approximately 10% as the token struggles to find stability just above $10

The majority of crypto assets came off the weekend trading either around their support zones or slightly in the red. The market has remained a mix of green and red but a few alts have notably been caught in the extremes.

Bitcoin hovering around $41k, Ethereum pushing to break above $3k

Bitcoin, the largest cryptocurrency by market capital, has continued with its slow run in the last 24 hours, swinging around $41,300. A sharp fall of over $1,000 from a 24-hr high of 41,680 to $40,668 earlier today appeared to threaten the calm in the market but the flagship crypto managed to shake off the plunge and has since risen to $41,375 where it is currently trading.

Ethereum, which is up more than 13.60% over the last 7 days, has reclaimed $2,900 after a steady descent pushed Ether price towards support at $2,800 late on Sunday. Despite charting a fairly consistent uptrend in the past five days, Ether has failed to break the resistance at $3,000.

The ETH/USD pair set a two week-high of $2,980 on Saturday, marking the closest it has been to revisiting $3K since 02 March.

Ethereum Classic and Algorand up more than 6% in the last 24 hours

Algorand’s native token and Ethereum Classic coin are among those that have defied the modest gains today.

The ALGO token was, at the time of writing changing hands, at a multiweek high of $0.808. ALGO/USD has been on a decline since the first week of March dropping from $0.89 on the first day of March to $0.68 last Monday. The pair retraced to $0.735 in the early hour of today but has since bounced back and is up 8.38% on the day.

Ethereum Classic (ETC) is another top gainer on Monday. The native token on the Ethereum hard fork has gained more than 52% in 7 days and is closing in on Algorand (ALGO) in market capital rankings. CoinMarketCap data shows that ETC is trading at $39.16 against the dollar having gained 7.10% in the last 24 hours.

ApeCoin, the newly-launched governance and utility token on APE ecosystem, has dipped to $10.16 after a few days of making headlines. The slump is a result of the momentum and hype around the token waning.Top of Form

The post ApeCoin retraces as Ethereum Classic maintains upward momentum into the new week appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

ApeCoin retraces as Ethereum Classic maintains upward momentum into the new week

 

 

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