“Cryptocurrency market trends: water and explosion currency among the main performance”
The world of cryptocurrencies has experienced significant growth in recent times, many players have participated between investors and traders. In this article, we will deepen the trends of two folk cryptocurrencies, Apecoin (Waters) and Blast (Blast), to understand the technical assessment and the potential impact on the market.
APECOIN (Water)
As a symbol built on the Binance of an intelligent chain, Apecoin is part of the Ethereum ecosystem. Created in 2020 Yumi Kim, Apecoin drew significant attention among cryptocurrency enthusiasts for its unique characteristics, such as “NFT” integration (not functionable) and partnerships with popular game companies such as Super Mario Run .
Technical analysis:
The price of water has evolved since its launch in March 2019. According to technical indicators, the currency showed a strong trend, characterized by a growing relative resistance (RSI) and the increase in level of support. The average move of 14 periods (MA) is currently 12.5%, which indicates slight growth.
blast (blast)
Launched in June 2021, Blast is another cryptocurrency with its roots in the Ethereum ecosystem. Blast, the Blastcoin domestic token has gained popularity for its usefulness as a “bridge” currency between the Binance chain and the throne network.
Technical analysis:
Similar to Apecoin, the price of the explosion also recorded a significant increase compared to its launch. Technical indicators, such as the divergence of average convergence (MacD) shows a worst strong signal, the 14 periods of 50% indicating a slight increase.
Comparison of water and breath money
Although the two pieces have shown promising technical trends, it is essential to consider their respective market conditions. The price of Apecoin was determined by increasing adoption in the game community, while the price of the explosion was influenced by its usefulness as a bridge between two major blockchain ecosystems.
Market trends and future prospects:
The cryptocurrency market remains extremely volatile, prices subject to rapid fluctuations according to market feelings and economic indicators. However, if Apecoin and Blast continue to demonstrate solid technical foundations and show continuous adoption among users, they can experience sustained growth.
In conclusion, Apecoin (APE) and Blast (Blast) have drawn attention lately due to their unique characteristics and the growing presence of the market. Although technical analysis can provide valuable information on the potential of a currency, it is essential to consider larger market trends and economic indicators before making investment decisions.