APE Coin, a cryptocurrency with heavy links to well-known NFT collectible
Bored Ape Yacht Club (BAYC), sees continued-interest from the cryptocurrency market. Despite some significant losses, increasing
token unlocks and
price predictions hint at a potential rally towards $1.35.
SEC has concluded its investigation into Yuga Labs, the creator of BAYC and
APE, much to investors' relief.
Following the launch of
ApeChain, a new blockchain infrastructure by APE, coin prices surged 100%. The revamped infrastructure focuses on
staking and introduces a
shadow technology that eliminates the need for NFT bridging. In addition, a newly unveiled community initiative bolstered by APE emphasizes further developing the Bored Ape community.
Despite the upward trend, a temporary drop in whale activity led to initial skepticism surrounding the rally. Following an unsuccessful marketing push, Apecoin's popularity subsided, prompting traders to shift $51.2 million in profits to XRP and IntelMarkets. Nevertheless, APE still experienced another surge following the ApeChain launch. Meanwhile, the Binance exchange is set to support an APE and Floki-based airdrop from Wise Monkey.
Lastly, APE continues to draw attention from A-list celebrities and crypto influencers, and is even set to build a hotel in Bangkok to preserve its price. Despite certain market downturns, APE has managed to maintain steady performance; hence, an investment in the coin is worth considering.
APE Coin News Analytics from Wed, 30 Sep 2020 10:06:23 GMT to Mon, 26 May 2025 14:45:00 GMT -
Rating 6
- Innovation -4
- Information 8
- Rumor 2
