The cryptocurrency market has grown over the past two days; Bitcoin continued to rally and broke through the $ 32,000 level again. This situation is also compatible with APENFT (NFT), and in less than a few hours, the price of this cryptocurrency rose from $ 0.0000015 to over $ 0.0000017.
Fundamental Analysis: APENFT Partners with Christie’s, Sotheby’s and Nifty Gateway
APENFT is the leading technology project at the heart of the blockchain with the mission and goal of registering world-class works of art as indispensable tokens on the blockchain. APENFT turns works of art into something that belongs to everyone and is supported by the world’s largest distributed storage system Bittorrent File System (BTFS).
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The majority of the APENFT team are traditional art experts who have worked in respected institutions such as Christie’s and Sotheby’s. APENFT is officially registered in Singapore on March 29, 2021, and Steve Z. Liu is the president of this project. Steve has worked for over twenty years at leading financial institutions including Fidelity International, Salomon Smith Barney, Nomura International and Ant Financial Group.
“Since its inception, APENFT has partnered with Christie’s, Sotheby’s and Nifty Gateway, the world’s largest NFT auction houses, as well as renowned artist NFT Biplom. The user base of the two major public service broadcasters has laid a solid foundation for APENFT’s expansion in the marketplace, ”said the APENFT team.
The NFT token is used as a governance token for this project and is designed according to the ERC-20 / TRC-20 protocol. The NFT also serves as proof of participation in the fund, which means that the owners share profits and participate in community events.
The total number of NFTs is 999,990,000,000,000 with an initial release price of $ 0.00000012 and you can also earn this cryptocurrency by commenting, creating, recommending and posting jobs on APENFT.
In fact, there is still some uncertainty around this project, and its success largely depends on its strategy to expand its influence in the market. Technically APENFT (NFT) has extended its retracement from all-time highs above $ 0.0000085 on May 21, and if you decide to trade this cryptocurrency in August 2021, you should use a stop order. -Lost because the risk remains. large.
Technical analysis: bears remain the masters of price trends
Data source tradingview.com
The critical support level is $ 0.0000015; $ 0.0000020 and $ 0.0000025 represent the current resistance levels. If the price exceeds $ 0.0000020, it will be a signal to trade APENFT (NFT) and the next target price could be around $ 0.0000022. On the other hand, if the price falls below the $ 0.0000015 support, it will be a strong sell signal and we will open the way at $ 0.0000013.
APENFT has partnered with Christie’s, Sotheby’s and Nifty Gateway, but the project is still uncertain. According to the technical analysis, the risk of further decline is not yet ruled out, and if the price falls below the support of $ 0.0000015, we will open the way for $ 0.0000013.
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