Token proof is an app which enables NFT owners to authenticate the ownership of NFTs and other assets, and holds them safely in a cold storage.
ApeCoin is now organizing the event called Ape Fest on June 20-23,2022, between the time 5pm to 10pm taking over Pier 17 in New york City. Since, ApeCoin is now one of the partners of the tooken proof, the partnership with token proof, this allows ApeCoin to verify ownership and distribute tickets to Ape Fest 22 events.
Further the ApeCoin has notified its token holders community that the only way to get tickets for Ape Fest 22 is via the token proof application. Users have to use a wallet holding Bored Ape Yacht Club or Mutant Ape Yacht Club in order to enroll in token proof.
There is a rise in ApeCoin accumulation by whales on the Ethereum network as Ape Fest draws closer.
A leading crypto analytics platform WhaleStats, tracks the top 100 ethereum whale addresses, based on the data from WhaleStats the whales on the Ethereum network have now turned to NFT tokens, and are now accumulating ApeCoin among other tokens.
Whereas the leading ethereum whale Banobo has acquired 450,000 ApeCoins worth $3 million. which is considered as the highest ApeCoin accumulation by a whale on the Ethereum network.
Analysts further believe that ApeCoin price could climb even higher, as a leading crypto analyst Eno lkenna Eteng, evaluated the ApeCoin price chart and identified the formation of a pinbar at the $7.0036 level.
In addition the analyst has also set the downside at the target $6.0211 and a break past resistance at $7.20 could promote a rally to $8.33 and the psychological resistance level $9.
Whereas $9.80 is one of the most bulliest targets recorded for ApeCoin price and analysts at the YouTube channel AA_Accelerate believe that the NFT token could break out soon.
In addition $9.80 is considered as the significant level of the ApeCoin. Whereas the Analysts have also identified the top gaining and the losing altcoins of the last week.
Was this writing helpful?
Source: https://coinpedia.org/altcoin/whales-accumulate-huge-apecoin-ape-tokens-with-ape-fest-on-20th-june/