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This APENFT (NFT) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key confluences that we have taken into consideration upon coming up with our NFT price prediction and analysis.
Among the cryptocurrencies that are surging this year, APENFT (NFT) is perhaps one of the most surprising for some. It is not directly related to Bitcoin, nor is it the most hyped cryptocurrency today. But for those that are aware, NFT price has reduced by 75.4% in the past 1 year.
Can NFT reach $0.000007 in 2022? We will find out shortly. But before we proceed to our NFT analysis, let us first answer the question “What is APENFT?” in this NFT prediction 2022 article.
APENFT was officially registered in Singapore on March 29, 2021 to meet opportunities and address pain points in the industry. APENFT (NFT) is secured by the Ethereum Mainnet.
APENFT Marketplace applies BTFS decentralized storage to ensure the data and resources of NFT are under the best protection and with high reliability. The Fund purchases known NFT artworks as underlying assets. Additionally, it works to improve the NFT trading standards. It provides support to government agencies, universities, lawyers, and industry elites in issuing policies that govern the healthy development of the industry.
Now that we are clear about APENFT, do you think NFT will be beneficial crypto in 2022? Join me and let us see the charts in this NFT price analysis and NFT price prediction.
At the time of writing this APENFT (NFT) price analysis, NFT trades at $0.000000658, with a 24-hour trading volume of $36,614,422. The price of SFM has decreased by 6.31% in the last 24 hours.
Furthermore, APENFT (NFT) has a current total supply of 277,080.56B NFT according to CoinMarketCap. Currently, the top cryptocurrency exchanges for NFT are Kucoin, Huobi Global, OKX, Gate.io, and others.
Now, let’s proceed to the next part of this APENFT (NFT) technical analysis for 2022.
Currently, NFT holds 135th place on CoinMarketCap. But will the latest upgrades, development, and changes in the APENFT (NFT) ecosystem help the cryptocurrency price to reach higher? Let’s proceed to the charts in this NFT price prediction article.
Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for NFT/USDT, we can deduce that the price of APENFT (NFT) might get bullish in some days since the price is in the first half of the channel from the bottom. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.
The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1-day chart is 46.95. This shows that APENFT (NFT) is showing a neutral trend since its RSI lies between 30 and 50. This value can trigger a bullish run if investors reposition themselves either toward the buyers.
From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and both moving averages are above the recently formed candlestick, the next bullish run might be long.
The chart below shows that APENFT (NFT) has been affected by the crypto market downtrend in recent times. Moreover, the NFT price shows a bullish trend. If this trend continues, NFT might run along with the bulls, overtaking its $0.000000935 resistance1 level and move higher to $0.000006082 at the resistance7 level, the 2022 bullish signal.
Conversely, if the investors turn against the crypto, the bears might take over and push APENFT (NFT) from its uptrend position. In simpler terms, the price of NFT might plummet to almost $0.000000262, a bearish signal.
Meanwhile, our long-term NFT price prediction for 2022 is bullish. It has a low possibility of reaching new heights. More so, this will only happen if it breaks many past psychological resistances.
If this bullish trend continues, APENFT (NFT) will reach $0.000006082 by the end of 2022. Moreover, in July 2022, NFT is going to show fast growth, up to $0.000000935. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $0.000007 is quite optimistic in the price point of view but undoubtedly feasible for the NFT future.
If APENFT (NFT) holds the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $0.000008, making it not plummet but play consistently.
As per the latest upgrades, developments, APENFT (NFT) price prediction, and new project forecasts of the platform, NFT investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of NFT in the crypto market, and it will be the best investment as the price can spike and reach around $0.00001.
In the next three years, NFT’s price could race up to $0.00003. However, reaching this level could not be so difficult for APENFT (NFT) as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that NFT has a high possibility of reaching a new ATH soon in the next three years as per the prediction.
In the next four years, NFT’s price could race up to $0.00005. However, reaching this level could not be so difficult for APENFT (NFT) as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that NFT has a high possibility of reaching a new ATH soon in the next four years as per the prediction.
As per the latest upgrades, developments, APENFT (NFT) price prediction, and new project forecasts of the platform, NFT investors could expect many partnerships and integrations around 2027. Moreover, this might boost the price of NFT in the crypto market, and it will be the best investment as the price can spike and reach around $0.00007.
In the next six years, NFT’s price could race up to $0.0001. However, reaching this level could not be so difficult for APENFT (NFT) as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that NFT has a high possibility of reaching a new ATH soon in the next six years as per the prediction.
As per the latest upgrades, developments, APENFT (NFT) price prediction, and new project forecasts of the platform, NFT investors could expect many partnerships and integrations around 2029. Moreover, this might boost the price of NFT in the crypto market, and it will be the best investment as the price can spike and reach around $0.0003.
In the next eight years, NFT’s price could race up to $0.0005. However, reaching this level could not be so difficult for APENFT (NFT) as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that NFT has a high possibility of reaching a new ATH soon in the next eight years as per the prediction.
APENFT (NFT) has a bright future ahead of it in 2022. With the ongoing developments happening within the APENFT ecosystem, as well as in the overall crypto market, we may see NFT reach new heights.
Bullish APENFT price prediction 2022 is $0.000006082. As said above, it may even reach its new ATH if investors have decided that NFT is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
Users can obtain APENFT (NFT) tokens by purchasing them from cryptocurrency exchanges such as Kucoin, Huobi Global, OKX, and Gate.io.
NFT is a good investment in 2022. Moreover, APENFT (NFT) has a low possibility of reaching new heights this year.
NFT price is possible to reach $0.000006082 by 2022.
NFT price is possible to reach $0.000008 by 2023.
NFT price is possible to reach $0.00001 by 2024.
NFT price is possible to reach $0.00003 by 2025.
NFT price is possible to reach $0.00005 by 2026.
NFT price is possible to reach $0.00007 by 2027.
NFT price is possible to reach $0.0001 by 2028.
NFT price is possible to reach $0.0003 by 2029.
NFT price is possible to reach $0.0005 by 2030.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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Chukwuemeka is an author and cryptocurrency news writer/analyst. As a Mathematics graduate and trained analyst, he combines his Math knowledge and strong reading culture in contributing content and analysis for the development of cryptocurrency and blockchain space.
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