ApeCoin (APE) Down More Than 50% Since All-Time High: Biggest Weekly Losers

BeinCrypto takes a look at the five altcoins that decreased the most over the past seven days, more specifically from April 30 to May 6.  The post ApeCoin (APE) Down More Than 50% Since All-Time High: Biggest Weekly Losers appeared first on BeInCrypto.

Timeline of Apecoin-ape

ApeCoin has been making waves since it was first announced by Yuga Labs, although like another digital asset, it, too, has had its ups and downs. It has recently made it back into the frontlines after its parent NFT collection, the Bored Ape Yacht Club (BAYC) gained the attention of billionaire Elon Musk.

Top metaverse tokens continue to soar higher amid skyrocketing interest in the space. After a decline in April, top metaverse tokens including ApeCoin (APE), Decentraland (MANA), The SandBox (SAND), and Axie Infinity (AXS) appear to have bottomed out, and are logging strong gains.

The ApeCoin community has voted in favor of three proposals linked to staking ApeCoin (APE) and restructuring its governance. The AIP-21 and AIP-22 staking proposals have received 91.55% and 91.17% votes in favor, respectively.

On May 4th, the Apecoin(APE) price rebounded from the 0.786 Fibonacci retracement level($14) with a long bullish engulfing candle of 10% intraday gain. Furthermore, this sudden gain was bounded by the event that the Billionaire Elon musk had his Twitter profile picture changed to a collage of several Bored Ape NFTs.

Following one of the largest non-fungible token (NFT) mints in history and after apecoin transactions from the sale fueled Ethereum network fees, apecoin is now integrated with the Polygon (MATIC) network. On May 2, the Apecoin project announced that with Polygon support, APE is now available via MATIC's 19,000 decentralized applications (dapps) and games. Apecoin

Elon Musk, for some odd reason, manages to shake up the core of the cryptocurrency market each time he says, does, or even thinks something. On 4 May, Musk went ahead and changed his Twitter display picture to a collection of Bored Ape Yacht Club (BAYC) NFTs followed by a tweet about the same.

APE just made a lot of noise, courtesy of another Elon Musk social media comment, which easily rouses the crypto market. Musk updated his Twitter profile photo on Wednesday to include various avatars from the Bored Ape Yacht Club collection of non-fungible tokens.

APE surges in one hour after Elon Musk put a BAYC Twitter profile picture which resulted in the 20% price increase as we can see more today in our latest altcoin news. The richest man on earth, Elon Musk, caused a stir once again in the crypto community after he decided to put a Bored

Elon Musk is yet again in the picture as he chooses Apecoin after Dogecoin and Shiba Inu. The popular and the largest Web3 token broke out of its comfort zone and rallied by nearly 20%. After Musk changed his profile pictures to Apes, the native token of the Board Ape Yacht Club(BAYC) ecosystem soared from …

ApeCoin (APE) prices skyrocketed on Wednesday after Tesla CEO Elon Musk changed his Twitter profile picture to feature several Bored Apes. APE jumped  over 15% within minutes after Musk's move, and is now trading positive for the day at $17.25, according to data from Coinmarketcap.com.