ApeCoin Shed $2.5 Billion From Its Market Cap In May – Investor Appetite Fading?
The month of May’s crypto market disaster did not fail to bring down along with it one of the “rising stars” in the crypto space, ApeCoin. ApeCoin price has shown a robust performance in the face of the crippling crypto market crash. However, the bulls were still able to lift APE by about 50% higher from the coin’s low at $3.11. As of this writing, APE was trading at $4.25, up 4.1% in the last seven days, and selling just below the newly established swing high at $4.35. Suggested Reading | Bitcoin Steady Above $20K After Drop To $17K – A Slow Climb To Green?....
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Following one of the largest non-fungible token (NFT) mints in history and after apecoin transactions from the sale fueled Ethereum network fees, apecoin is now integrated with the Polygon (MATIC) network. On May 2, the Apecoin project announced that with Polygon support, APE is now available via MATIC’s 19,000 decentralized applications (dapps) and games. Apecoin Is Now Supported by Polygon, Apecoin DAO Board Member Says Separate Apecoin Network Proposal Would Need to Use the AIP-1 Process Three days ago, Bitcoin.com News reported on the Bored Ape Yacht Club-centric Otherside....
On April 28, 2022, the crypto asset apecoin tapped an all-time high (ATH) tapping $26.70 per unit and the digital currency has taken the 25th largest market capitalization among 13,371 cryptocurrencies. The same day, the product comparison platform Finder published its prediction report that covers apecoin’s market performance and Finder’s surveyed panelists predict apecoin will end the year at $27 per unit.
Finder’s Experts Predict Apecoin’s Future Value
This week finder.com published a new prediction report that polled 36 financial technology....
Popular musician Pharrell Williams has become the Chief Brand Officer of the Doodles NFT project, Solana to launch a crypto-focused smartphone and art economist says NFTs are good for the entire art market. Apecoin, the Ethereum-based token tied to the widely popular and almost definitely probably not 4Chan-related Bored Ape Yacht Club NFT project, saw its market cap drop by 67.2% or $4.3 billion during May and it has continued to slide since. Despite bearish macro factors looming over both crypto and stock markets throughout 2022, May in particular was a difficult month for crypto (thanks....
Back in mid-March 2022, Bored Ape Yacht Club’s (BAYC) Apecoin DAO launched and airdropped millions of apecoin tokens to specific NFT holders. The crypto asset dedicated to the BAYC ecosystem tapped an all-time high two months ago reaching $26.70 per unit on April 28. However, apecoin is down more than 81% since that day and despite the fact that 80,744 unique addresses own APE, the top 100 addresses control 51.21% of the circulating supply.
While Apecoin’s Price Slips Lower, Concentration of Large APE Holders Remains the Same
Just over two months ago, the crypto....
Apecoin rose to its highest point in over two months on hump day, as prices rebounded following a two-day losing streak. Uniswap was another big mover on Wednesday, as the token climbed by as much as 14%. Overall, the global crypto market cap is trading 2.79% higher as of writing. Apecoin (APE) Apecoin (APE) was one of today’s notable tokens to surge, as global crypto markets were back in the green. APE/USD snapped a two-day losing streak, as the cryptocurrency rose to an intraday peak of $7.41 earlier in today’s session. The move sees APE once again break out of its....