<a href="https://ambcrypto.com/?s=apecoin">ApeCoin [APE]</a> has performed well in the markets in the past ten days. It flipped the $3.2 area from resistance to support on 25 November and posted a 39% surge over the five days that followed. Since then, APE saw a pullback to $3.88.

<a href="https://ambcrypto.com/?s=APE">ApeCoin [APE]</a> fell below $3.954 after BTC lost $17.11k. It is worth noting that the price of APE was on a rising channel since 21 November, which is a typical bearish pattern.&nbsp;&nbsp;

Following Horizen Labs’ <a href="https://twitter.com/HorizenLabs" target="_blank">confirmation</a> that pre-deposit for <a href="https://ambcrypto.com/predictions/apecoin-price-prediction">Apecoin [APE]</a> staking would be made available on 5 November, the metaverse token has since logged significant on-chain activity, data from <a href="https://insights.santiment.net/read/ape-buy-the-rumor-sell-the-stake-7125?utm_source=twitter&amp;utm_medium=post&amp;utm_campaign=twitter_ape_buy_the_rumor_sell_the_stake_b_113022/&amp;fpr=twitter" target="_blank">Santiment</a> revealed.

ApeCoin (APE) seems to be ignoring the push that the broader crypto market is making that enabled many cryptocurrencies record significant price increases during the previous 24 hours.

<a href="https://decrypt.co/95398/apecoin-what-is-bored-ape-ethereum-token-who-gets-it" target="_blank">ApeCoin</a> (APE), the <a href="https://decrypt.co/resources/what-is-ethereum-quickly-explained-four-minute-guide" target="_blank">Ethereum</a>-based token created for the growing <a href="https://decrypt.co/resources/what-is-bored-ape-yacht-club-the-celebrity-nft-of-choice" target="_blank">Bored Ape Yacht Club</a> ecosystem, is outperforming most major cryptocurrencies during the last week. It’s now up 31% over the past seven days, with the increase coming ahead of the launch of ApeCoin <a href="https://decrypt.co/resources/how-do-you-stake-cryptocurrencies-earning-passive-income-with-crypto" target="_blank">staking rewards</a>.

<a href="https://ambcrypto.com/category/bitcoin-news/">Bitcoin</a> had a bearish November. Its ascent to $21.5k was brutally ended, and BTC bulls fought to hold on to the $16k-$16.2k area of support. To the north, $16.7k and $17k posed some resistance. In these conditions, <a href="https://ambcrypto.com/?s=apecoin">ApeCoin</a> can be forgiven for seeing dramatic losses on the price charts as well.

Bitcoin keeps trading without any substantial movements, similar to the previous weekend, and seems stuck around $16,500.

According to LIama on Twitter, the initial phase of the testnet bug bounty program for the <a href="https://twitter.com/apecoin">@apecoin</a> staking deployment has concluded.&nbsp;&nbsp;

ApeCoin (APE) is up 4% in the last week, to $3.24 at the time of writing, following a bespoke NFT marketplace launch for the Ethereum-based governance token. The new platform will support Yuga Labs NFT collections – Bored Ape Yacht Club, Mutant Ape Yacht Club, and Otherside Metaverse trades.

North American crypto users will be restricted from staking ApeCoin, the ERC-20 metaverse token issued by Yuga Labs, according to a company statement on Wednesday.

ApeCoin DAO is getting a new NFT marketplace that will sell Bored Ape Yacht Club, Mutant Ape Yacht Club, Bored Ape Kennel Club and Otherdeed NFTs.

In the latest tweet, ApeCoin [APE] revealed its status regarding the FTX episode. Reportedly, the Ape Foundation does not hold any assets on FTX.&nbsp; The treasury has been held in segregated custody accounts via Coinbase Custody.