2 years ago
Quick take:
- ApeCoin (APE) has had an eventful archetypal time of trading hitting an all-time precocious of $39.40 and a debased of $6.48
- APE has since stabilized astatine $7.44 aft being listed connected Gemini, FTX and Binance
- However, if past is utilized arsenic a guide, ApeCoin (APE) could acquisition much losses earlier prices stabilize
The highly anticipated ApeCoin (APE) token linked to the Bored Ape Yacht Club task of NFTs has seen an breathtaking archetypal time of trading.
According to Coinmarketcap, ApeCoin (APE) deed an all-time precocious of $39.40 connected its archetypal time of trading. The token would past acquisition a monolithic driblet successful worth of 83.55% to a section debased of $6.48 earlier stabilizing astatine existent levels supra $7.
The volatility surrounding the ApeCoin (APE) token besides resulted successful a steep driblet successful the level terms of Bored Ape Yacht Club NFTs from 106 Ethereum (ETH) to a section debased of 77.5 ETH. The level terms of BAYC NFTs has since stabilized astatine 88 ETH.
BAYC NFT Floor price. Source, CoinGeckoApeCoin (APE) Gets Listed by Gemini and Binance
At the clip of writing, ApeCoin (APE) is trading astatine $7.44 signifying an 81.11% driblet from its all-time precocious and a 14.8% increment from the section debased of $6.48.
Earlier today, Gemini announced that it was listing ApeCoin (APE) arsenic the archetypal U.S. crypto speech to connection the token to its users. Binance was adjacent to denote its listing of ApeCoin (APE) with trading commencing contiguous astatine 14.30 (UTC). The ApeCoin (APE) token has besides been listed by the FTX Exchange, Gate.io and Uniswap.
ApeCoin (APE) Could Experience More Losses
ApeCoin’s terms stableness seems to beryllium expanding arsenic much crypto exchanges commencement to database APE.
However, if the terms past of airdrops is utilized arsenic a guide, the terms of ApeCoin (APE) could driblet further successful the days to follow. This mentation has been explored by Crypto Twitter subordinate @justintrimble done the pursuing three-part Twitter thread.
(1/3) Airdrops: A Brief History pic.twitter.com/UWMh5dqVmt
— JUSTIN // BrainDrops: A Platform for AI-Gen Art (@justintrimble) March 17, 2022
In particular, his investigation highlights the terms diminution of airdropped tokens specified arsenic Uniswap (UNI), Rarible (RAR), Botto (BOTTO), SuperRare (RARE), LooksRare (LOOKS), OpenDAO (SOS), Ethereum Name Service (ENS), NFTX and Adventure Gold (AGLD).
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