November 30, 2022

Metaverse’s top digital tokens have presented unimpressive price actions within the past seven days. Coinmarketcap data shows Decentraland’s MANA and ApeCoin’s APE gained only 0.80% and 1.12% within the previous week.

Contrarily, alternative tokens such as Optimism’s OP witnessed a staggering 90% price hike during that timeframe. What more should you know about MANA and APE’s performance within the phase under review?

APE’s Previous Seven Days

APE had its price action at around $6.64 a week ago. Nevertheless, the BAYC’s token took the opposite direction as most crypto assets chased new peaks within the past few days. July 26 sessions saw its plummeting to the $5.73 low.

Also Read:  Zepeto Metaverse Partners With Telecom Giant True

However, bulls responded with an upside rally, pushing APE towards the $6.92 high the following two days. While publishing this blog, the altcoin traded at $6.72, a slight 1.2% increase in a week. APE’s trading volume recorded a daily peak at 794.04 million on July 28 when ApeCoin touched $6.92.

Meanwhile, trading intensity deteriorated as the price declined. The 7-day timeframe under review had the token’s volume sliding by 2%.

The daily price chart housed ApeCoin’s RSI (Relative Strength Index) beyond the neutral-50 area, albeit it exhibited downtrends. Investor sentiment might remain gleaned, considering the decline in buying momentum for APE coins within the last seven days.

Also Read:  PayPal, Venmo Will Charge Flat Fee For Crypto Transactions Below $200

Meanwhile, the altcoin’s on-chain performance over the same timeframe highlighted profit-booking by investors. Santiment’s data confirmed APE’s exchange supply at 49.5 million. Furthermore, the metric has seen upswings within the last seven days. These spikes usually indicate a surge in near-term selling momentum.

MANA’s Previous Seven Days

MANA traded near $0.99 a week ago. Meanwhile, the altcoin gained 0.80% within the seven days, changing hands at $1.02 during this publication. That timeframe witnessed the Metaverse token sliding towards the $0.87 lows on July 26. Nevertheless, bulls reacted to the slump with a minor upside price rally.

MANA’s trading volume saw significant growth within the seven days, regardless of a slight price surge. This index noted a 41% increase over the week, hovering at $487.38 at this publication. Meanwhile, the daily chart shows buying momentum surged steadily but slower within the previous four days.

Also Read:  Today's Crypto Market Highlights: Bitcoin and Broader Market Witness Red

The Relative Strength Index maintained uptrends, reading 59.90 during this writing. MANA’s holders remain bullish as the altcoin maintains downtrends in exchange supply since June 26. The optimism comes despite the token’s slow price growth.


NFTMetaverseFinance is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Some of the content on this site (namely Branded Voices content) is paid content that is not written by our authors and the views expressed do not reflect the views of this website. Any disputes you may have with brands or companies mentioned in our content will need to be taken care of directly with the specific brands and companies. The responsibility of our readers who may click links in our content and ultimately sign up for that product or service is their own. Cryptocurrencies, NFTs and Crypto Tokens are all a high-risk asset, investing in them can lead to losses. Readers should do their own research before taking any action.


Leave a Reply

Your email address will not be published. Required fields are marked *