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DEAPcoin has gone up by 5% in the last 24 hours and is currently consolidating around the $0.0012 mark. With low interest in this token prevalent, it might be looking at a potential plunge. Can Chimpzee be a better crypto investment in light of this potential downturn?

DEAPcoin Gains 5%

The DEAPcoin price has gone by 5%, according to the data available on CoinMarketcap.

However, the token’s value is still lower than its intra-day peaks when it climbed the hourly chart by 14.5% in 11 hours.

At press time, DEAPcoin is valued at $0.0012 and has experienced a minor increase in market capitalization of 5%, accompanied by a sharp decline in its trading volume by 33%.

What is DEAPcoin?

DEAPcoin is a P2E ecosystem that the official website claims allows users to “Play, Earn and Create Real Worl impact.”

The platform discusses solving “real-world problems through gamification and token incentives.”

Launched in Singapore and operating under the company known as Digital Entertainment Asset Ltd, DEAPcoin powers an NFT DeFi platform that features games, NFTS, and other forms of entertainment.

According to the official website, in addition to gamifying the crypto space so that people can understand it better, it also addresses issues related to IPs and copyright. The official platform, also known as Playmining, allows users to play games and read manga for free and earn DEP.

CoinMarketcap shows there are 50 billion DEP tokens in total, out of which 66% are reserved for ecosystem incentives. 4% lies with the team. However, the tokenomics hasn’t discussed the remaining 30%.

Reason Behind DEAPcoin’s Price Leap

DEAPcoin is a little-known asset that has recently encountered an uptick in its price. The reason behind this increase can be attributed to the blog post on its official website that informed customers that Digital Entertainment Asset Ltd, the issuer of DEP, has signed an MOU with Greenway Grid Global and TEPCO Power Grid.

TEPCO power grid is an electric company that supplies electricity in Tokyo and eight prefectures in Japan. Greenway Grid Global is a joint venture that aims to provide overseas power transmission business and allow power to reach non-electrified communities.

Another booster of DEAPcoin’s price could be its recent tweet about the illustration contest, where digital artists are being invited to draw Land NFT illustrations.

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🪷6th Land #Yangshao🪷
NFT Illustration Artist Application
＼
For the #kamui_verse next Land NFT sale, we are looking for artists who can draw Land NFT illustrations based on #FujiwaraKamui‘sensei’s setting illustrations!
To apply, fill out the registration form! https://t.co/nBkzjGc8Vi pic.twitter.com/SsHDlZZIS5
— Fujiwara Kamui Verse🪷 (@verse_kamui) July 29, 2023

DEAPcoin price analysis

DEAPcoin’s performance has been bearish since its launch. Its graph on Gate.io shows that the token has plunged by 40% since it was launched on June 13, 2023.

Its MACD is negative, and hourly price charts show that the token is consolidating. With the latest red candle, DEAPcoin may be looking at a downturn.

Adding to the bearish sentiment of this token is its limited exposure, with its tweets only receiving limited engagement and hardly anyone talking about it on CoinMarketcap.

Chimpzee Could be Safer Alternative Than DEAPcoin

While DEP’s partnership with power grids is commendable since it adds to environmentally conscious goals, the token has no popularity on social media.

With only a few takers, DEAPcoin has only seen a bearish action since its launch, which isn’t undercut by its recent 5% 24-hour pump.

Thus, Chimpzee is a safer alternative. With its unique P2E ecosystem that gamifies the prospect of saving the environment while introducing not one but three earning mechanics, Chimpzee has the potential to grow.

Chimpzee’s current presale, while starting slow, has not caught momentum and raised more than $1.01 million.

What is Chimpzee?

Chimpzee is a green cryptocurrency project that introduces a new way for people to protect the environment and earn crypto at the same time.

With a deep lore highlighted by a character who mixes man, machine and chimp, Chimpzee intends to create an ecosystem that protects the environment and endangered species.

It employs three ways to earn for investors:

Shop to Earn via Chimpzee shop
Trade to Earn via its NFT marketplace
Play to Earn via its Zero tolerance game

Chimpzee also features an NFT passport, which can be used to boost the income generated from this green ecosystem.

Chimpzee is currently available at $0.000775, with its listing price set to $0.00185, which means that early movers stand to make more than 238% gains if they head over to chimpzee.io and participate in the presale.