Bored Ape Yacht Club’s ApeCoin decreased to $ 6.48 on the first day it was traded, but rose above $ 15 on the second day.
The famous NFT collection’s crypto money, APE, managed to rise above $15 with an increase of 90% after falling to $ 6.48 on the day of its first sale.
APE managed to rise to the 33rd rank on CoinMarketCap with this increase. At the time of writing, the asset is the 36th largest cryptocurrency with a market cap of $3.5 billion. “The Bored Ape Yacht Club and Mutant Ape Yacht Club communities are strong,” said Alexandre Lores, director of blockchain research at
Quantum Economics.
Lores said that traders speculating on AMC stock and cryptos like DOGE and SHIB may turn to the “Ape” investment sector.
“A symbol of status such as Ape, Rolex or Lamborghini”
10,000 ApeCoins Airdrop was made to Ape NFT collectors, making up 15% of the total supply.
The asset is listed by several major cryptocurrency exchanges, including Coinbase, FTX, Binance, and Gemini.
APE is trading at $13.23 at the time of writing, according to CoinMarketCap data.
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