Apecoin (APE) cae a mínimos históricos en medio de la caída del mercado: ¿es posible una recuperación?

El precio de Apecoin (APE) cae a un nuevo mínimo histórico de 1,50 dólares el 17 de agosto, lo que lo sitúa un 94% por debajo de su pico de 23,65 dólares alcanzado hace poco más de un año. El análisis en cadena examina las posibilidades de una posible recuperación de precios en las próximas semanas.

Timeline of Apecoin-ape

Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices trading below the $29,100 level on Wednesday. Ethereum (CRYPTO: ETH) also recorded losses, but remained above the $1,800 mark this morning.

Apecoin (APE) price is giving a bullish reversal signal amid a prolonged sideways BTC price action. In the past few days, APE price has shown a significant recovery after plummeting to its all-time lows.

Lookonchain, an on-chain analytics provider, provides a glimpse into whale activity for ApeCoin (APE). In particular, whales have been active in the past day, shifting significant amounts of tokens.

Crypto analytics platform Santiment says that three memecoins are taking off even as Bitcoin's (BTC) price declines. Santiment says that the market caps are increasing for memecoin projects Dogecoin (DOGE), Shiba Inu (SHIB) and ApeCoin (APE). APE is the digital asset associated with the Bored Ape Yacht Club non-fungible token (NFT) collection.

Last week, Ape Coin (APE) price managed to rebound above $2 after dropping to a new all-time low of 1.82 on July 13. But a decline in Ape Coin user acquisition rate threatens to deflate the bullish momentum.

Chinese crypto blogger and journalist Colin Wu has shared the news that South Korean crypto exchanges continue to expand crypto utility and crypto-fiat bridges by adding new crypto-fiat pairs for traders to use.

In Q2 2023, ApeCoin's (APE) trade volume was dominated by sharks (traders with $1M-$10M daily trading). Despite a 32% price drop, APE's governance remained robust with new council members elected and continued funding for ecosystem development.

Over $138 million in crypto tokens will be released into circulation in July, including Aptos (APT), ApeCoin (APE), Axie Infinity (AXS), and Optimism (OP), potentially increasing selling pressure.

While we reported proponents such as Animoca brands co-founder Yat Siu believes no-fungible tokens are here to stay, the industry prints worrying figures day by day. That has affected associated assets, including ApeCoin (APE), which hit new all-time lows today (7 July).

In the midst of a considerable drop in the base price of non-fungible tokens (NFTs) from the Bored Ape Yacht Club, the related cryptocurrency, apecoin (APE), has likewise suffered due to the bearish trends in that specific market.