[ccpw id="5"]

[ccpw id="5"]

HomeCryptoAPE is roaming despite the development of BAYC and MAYC, here's why ...

APE is roaming despite the development of BAYC and MAYC, here’s why money moguls


  • MAYC sales skyrocketed and interest in BAYC grew.
  • Whales show interest in APE, but traders come up short.

In recent days, the number of non-fungible token (NFT) The crypto space saw a huge jump in transactions. The collection of NFTs on various networks generated a lot of interest from the crypto community. Yug Laboratorieswhich has the largest collection of NFTs in the crypto space, also jumped at the chance.

Is your wallet green? Check it out app earnings calculator

In recent days, the demand for MAYC reached a its highest pointAccording to NFTGO, MAYC’s sales figures were up 81.81% from the previous week. The overall minimum value for collecting NFTs has also increased by 16.43%.

BAYC experienced similar growth during this period. Last week its floor price had also risen by 8.2%.

Source: NFTGO

However, there has been an increase in wash trading on NFT markets. According to data from Dune Analytics, there has been an increase in the volume of laundering trades in the NFT space. Because of this, the traction that Yuga Labs NFTs were getting did not translate into the development of AppCoin.

Source: Dune Analytics

Bored apes, interested whales

According to the data provided by Sentiment, the speed of ApeCoin has dropped drastically. In addition, the number of daily active addresses in app currency The network also went down, which negatively affected the overall activity of the ApeCoin network.

However, despite these factors, the whales have continued to show their support for AppCoin. According to Sentiment data, the percentage of large addresses accruing APEs has increased in recent weeks.

A sudden interest from whales could lead to a correction in the APE price in the short term. However, APE’s concentration in the hands of large addresses could leave APE vulnerable to strong selling, which would negatively affect APE’s price.

Source: Feeling

realistic or not, here it is APE market cap in terms of BTC

This could be one of the reasons why the number of short positions against APE is increasing. According to CoinGlass data, 51.14% of all positions are against APE.

Source: Coinglass

It remains to be seen if the traders prove correct with their predictions or if the NFT hype from Epoch Labs could be enough to keep the bears away.


Please enter your comment!
Please enter your name here


SushiSwap (SUSHI) Assessment Renews Heat Amid Potential Tribulation money moguls

Despite the possible investigation, deposits on SushiSwap continue to grow. The community supports the trust fundraiser as the sentiment surrounding the project reflects optimism. Between March...

New threat to SBI-HDFC Bank customers! Scammers send such a link, they are forced to click, and money is lost from the account. ...

New Delhi. Cases of cyber fraud are increasing day by day in the country, in such a situation it is very important that you be...

CBDC adoption surges in Nigeria amid cash crunch money moguls

Nigeria is witnessing increased CBDC adoption roughly 18 months after launching its national CBDC amid acute cash shortages. The value of Einara's transactions has risen to...

Most Popular