EXCHANGE RATE OF LTC ON FOREX

ApeCoin is a coin used in the Otherside metaverse. It differs from the other cryptocurrency in that it has an issue of 1 billion coins. Part of the issue was distributed through airdrop technology to maintain a relatively stable rate. Coin is used for earning by traders. It has a speculative value. The most relevant rates of ApeCoin and the U.S. Dollar are in the Forex market. It is with this currency is the largest number of transactions.

Statistics

ApeCoin exchange rate against the U.S. Dollar is not stable. Daily quotes change within the range of 10-15% and there are no more than 2 peaks. Once in 2-3 months, a breakdown of the level takes place and the price goes up or down by 20-30%. The rate is mainly influenced by the news background, references in social networks and, as a consequence, by the demand level. To a lesser extent, the rate of the U.S. Federal Central Bank influences the process of strengthening or depreciating the dollar.

Day trading or long term investing

Although the developers have introduced airdrop issuance into the system, the value of the token is questionable. It is possible to earn on daily speculative processes. Long-term investing should not be considered because of the high risk of capital loss.

Technical Analysis

Most traders trade the coin via trading robots, so you can predict the up or down trend in 3 out of 5 sessions. Recently, all crypto-assets are destabilized, so you should not rely on technical analysis alone. Geopolitical and economic risks should also be taken into account.