- As per the listing by LunarCrush, ETH ranks second by social engagement.
- ApeCoin seemed to be on the verge of a breakout.
Let us take a look at the top 3 achievers this week based on social media engagement by LunarCrush.
This week’s top performers by social engagement:$btc #bitcoin$eth #ethereum$ape #apecoin$doge #dogecoin$xtz #tezos$ada #cardano$shib #shibainu$cake #pancakeswap$mana #decentraland$rare #superrarehttps://t.co/8nsqxP6n1q pic.twitter.com/zkWPxZjcyJ
— LunarCrush Social Intelligence for Crypto (@LunarCrush) March 25, 2022
Bitcoin’s price surged and retested essential resistance levels in the recent week, resulting in a tremendous increase in positive momentum. Stablecoin investors are encouraged by Terra Labs’ recent purchases of BTC as collateral. The price of Bitcoin has risen by 18 percent since March 14 and hit $44,439 for the third time. After BTC’s fourth higher bottom since January 22, this upswing has begun. Ascending triangles are formed when trend lines are connected across these swing points.
According to CoinMarketCap, the Bitcoin price today is $44,502.25 USD with a 24-hour trading volume of $26,837,946,881 USD. Bitcoin is up 1.00% in the last 24 hours. As per the listing by LunarCrush, BTC ranks at the top by social engagement.
Ethereum (ETH), the second-largest cryptocurrency globally, surged beyond $3,000 this week, again outpacing Bitcoin. Analysts expect the price of ETH, which is presently trading about $3,100, will rise even more in 2022. According to Bloomberg analyst Jamie Coutts, the discounted cash flow model predicts that the price of ETH might reach $6,100 shortly. Ether has a “unique blend of equity, commodity and monetary characteristics,” according to the expert. In addition, as per the listing by LunarCrush, ETH ranks second by social engagement.
According to CoinMarketCap, the Ethereum price today is $3,126.77 USD with a 24-hour trading volume of $14,771,822,844 USD. Ethereum has been down 0.06% in the last 24 hours.
In the APE Ecosystem, ApeCoin is an ERC-20 governance and utility token meant to empower and incentivize a decentralized community growing at the forefront of web3. While approaching $14.5 resistance, ApeCoin seemed to be on the verge of a breakout. The bulls would have been encouraged by a breakthrough over this level. However, the price looked to have broken through the $13 support level and turned it into a level of resistance. As per the listing by LunarCrush, APE ranks third by social engagement.
The current ApeCoin price is $12.88 USD, with a 24-hour trading volume of $984,774,002 USD, as reported by CoinMarketCap. In the past 24 hours, ApeCoin has lost 3.12 percent of its value.
The post has appeared first on thenewscrypto.com