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Cryptocurrencies Price Prediction: ApeCoin, Cryptos & Bitcoin– American Wrap 24 January

ApeCoin price defends against 20% loss as social metrics around gaming narrative keep APE afloat

ApeCoin (APE) price has failed to show any directional bias since the onset of the year. It consolidated in a horizontal motion even as altcoins reacted to the spot Bitcoin (BTC) exchange-traded funds (ETFs) theme. With the metaverse and gaming narrative gaining steam, APE could find tailwinds to resist the growing overhead pressure.
Bitcoin (BTC) price is attempting a recovery barely 24 hours after speculation of a “respectable correction” that was expected to send BTC to the $35,000 range. Ethereum (ETH) price is yet to heed BTC’s cue, while Ripple (XRP) appears to have bottomed out.

Nexo is a crypto lender and a platform that facilitates purchase and sale of cryptocurrencies. In 2023, the firm was being investigated by Bulgaria’s prosecutor’s office for money laundering. 

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