ApeCoin Performance Lags Behind Other Altcoins – Here’s What Happened To APE

Name	Symbol	Market	Market Cap ($)	Algorithm
ApeCoin	APEUSD	Crypto	739,831,439	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

ApeCoin

APEUSD

Crypto

739,831,439

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.030	2.50%	1.23	1.23	1.23

Price Change

Price Change %

Current Price

Bid Price

Offer

0.030

2.50%

1.23

High Price	Low Price	Open Price	Prev. Close	52 Week Range
1.24	1.20	1.20	1.20	0.980000 - 5.35

High Price

Low Price

Open Price

Prev. Close

52 Week Range

1.24

1.20

0.980000 - 5.35

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	14:23:40	9.66	1.23	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

14:23:40

9.66

1.23

USD

Price x Volume	Volume	Base Symbol	Related Pairs
322,177.89	264,872.05	APE	APEEUR	APEGBP	APEBTC

Price x Volume

Volume

Base Symbol

Related Pairs

322,177.89

264,872.05

ApeCoin Performance Lags Behind Other Altcoins – Here’s What Happened To APE

15/07/2022 8:00am

NEWSBTC

ApeCoin (APE), the Bored Ape Yacht Club collection’s native coin, has been continuously falling since the June slump, reaching a low of $3.05. Even though APE is now trading at a premium of 6.5% over its initial price on Friday, its performance still pales in comparison to other altcoins. As of this writing, APE is trading at $4.69, a decrease of 3.5% in the last 24 hours, according to data provided by Coingecko on Friday. APE reversed the downtrend on the 4-hour chart after reaching $3.06 in the previous month. Nevertheless, the price encountered numerous obstacles at the $5.3 and $5.5 levels and became sluggish from there. APE is now reevaluating the $4 support. Suggested Reading | Avalanche Notches Solid Mid-Week Bounce – Can AVAX Sustain The Positive Noise? Further Downturn In The Offing For ApeCoin? ApeCoin is approaching a standstill, which could initiate a reverse. Due to the possibility of a further decline in the market value of APE, investors must be wary of the downturn, which has the ability to disrupt the gains and cause further weakening. Since the middle of June, the price of ApeCoin has fluctuated laterally. If the $4.00 barrier holds as support, a rally to $6.00 is likely. A break of the $4.00 threshold may result in an extra 33 percent dropping to $3.00. The NFT market is one of ApeCoin’s attractions, although the market is currently displaying very dismal numbers. After reaching $42.1 million in sales in May, BAYC NFTs have not produced substantial volume for the past two months. During this time period, the BAYC’s average volume was $2.1 million. APE total market cap at $1.4 billion on the daily chart | Source: TradingView.com APE Drops More Than 80% From ATH Since the June 30 swing low of $4.20, ApeCoin’s price has increased by around a quarter. This gain briefly surpassed the $5.02 barrier, but purchasers were unable to sustain this recent turnaround. As a result, APE moved below the mentioned level, indicating an impending downward trend. Suggested Reading | CEL Token Price Plummets 50% As Celsius Goes Bankrupt In addition, it is vital to remember that NFT sales for the month of June barely surpassed $1.3 billion. Prior to that month, OpenSea executed around $3.1 billion worth of transactions. In other words, APE will continue on its current course if the scenario on these aspects does not change. Prior to the April sale of Otherdeed land by YUGA labs, the price of Apecoin followed a parabolic trend. Since then, however, the coin has been in a steep decline, falling more than 80 percent from its all-time high of $26.7. Featured image from CoinChapter, chart from TradingView.com

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APEUSD ApeCoin