APPC is another coin that I know nothing about. But, I looked it up and it has a nice webpage. I like projects that have spent the time on a good webpage because at least it's marketable, and this space is all about marketing right now.
Appcoin also has a total supply of 450,000,000 and at its current price of ~$1.42 it has a market cap of ~$148MM.
ICX by comparison has a supply of 400,000,000 and is currently selling for ~$7+.
I think APPC has a nicer webpage than ICX.
APPC is also at a very low price in its very short history. is oversold, negative momentum is starting to taper, and is still decent, yet not high, at 1400BTC. This is good because it means the coins low price is not a result of heavy unloading.
APPC with a modest target retrace to the 0.236 at 26.7k Sats would yield a risk-to-reward ratio of 3.94 pending a stop below the "all-time low".
I think this is one of the jucier potential trades on Binance right now.
Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
Heading into Kumo resistance while trading sideways. Stoch is down, price is not.
Easier to trade these coins on longer terms with wider stops, for sure.
Held up pretty well considering the Bitcoin shakeup.
If you're bullish on the fundamentals of this coin, I recommend you buy the dips if it drops to new lows.
This is more a reflection of my personal risk management strategy under the current market circumstances rather than a doom call, however.
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I've done it before. It's always a lesson in patience.