{"id":22901,"date":"2022-07-15T05:14:18","date_gmt":"2022-07-15T05:14:18","guid":{"rendered":"http:\/\/egrowonline.com\/?p=22901"},"modified":"2022-07-15T05:14:18","modified_gmt":"2022-07-15T05:14:18","slug":"why-apes-performance-is-lackluster-compared-to-other-altcoins-coinquora-latest-cryptocurrency-and-blockchain-news","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=22901","title":{"rendered":"Why APE\u2019s Performance is Lackluster Compared To Other Altcoins \u2013 CoinQuora \u2013 Latest Cryptocurrency and Blockchain News."},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"list-tab\">\n<ul>\n<li><strong>ApeCoin (APE) has been steadily declining since the June crash dropping as low as $3.06.<\/strong><\/li>\n<li><strong>The NFT market is one of the advantages for ApeCoin, but at the moment, the NFT market is exhibiting a rather disappointing performance.<\/strong><\/li>\n<li><strong>If the situation on these fronts do not improve, APE will continue on its current path.<\/strong><\/li>\n<\/ul>\n<\/div>\n<p>The native token of the Bored Ape Yacht Club (BAYC) collection, <a target=\"_blank\" href=\"https:\/\/coinquora.com\/apecoin-ape-price-prediction\/\" rel=\"noopener\">ApeCoin (APE)<\/a> has been steadily declining since the June crash dropping as low as $3.06.<\/p>\n<p>Although APE is currently trading at 6.5% above opening price, it is still disappointing compared to what other altcoins are currently doing. Contributing to this is the fact that the BAYC NFT collection price has dropped almost 81% from its all-time high of $23.7.<\/p>\n<p>The NFT market is one of the advantages for ApeCoin, but at the moment, the <a target=\"_blank\" href=\"https:\/\/coinquora.com\/tag\/nft\/\" rel=\"noopener\">NFT<\/a> market is exhibiting a rather disappointing performance. After hitting $42.5 million in sales in May, BAYC NFTs have not been generating any significant volume for about two months now. Over this time period, the average volume for the BAYC has been $2.1 million.<\/p>\n<p>It is also important to take note of the fact that NFT sales for the month of June barely crossed $1.3 billion. In the month before that, OpenSea conducted about $3.1 billion worth of transactions.<\/p>\n<p>In other words, if the situation on these fronts do not improve, APE will continue on its current path.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"472\" alt=\"\" class=\"wp-image-203876\" srcset=\"https:\/\/coinquora.com\/wp-content\/uploads\/2022\/07\/APE-1.png 900w, https:\/\/coinquora.com\/wp-content\/uploads\/2022\/07\/APE-1-300x157.png 300w, https:\/\/coinquora.com\/wp-content\/uploads\/2022\/07\/APE-1-768x403.png 768w\" data-lazy-sizes=\"(max-width: 900px) 100vw, 900px\" src=\"https:\/\/coinquora.com\/wp-content\/uploads\/2022\/07\/APE-1.png\" \/><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"472\" src=\"https:\/\/coinquora.com\/wp-content\/uploads\/2022\/07\/APE-1.png\" alt=\"\" class=\"wp-image-203876\" srcset=\"https:\/\/coinquora.com\/wp-content\/uploads\/2022\/07\/APE-1.png 900w, https:\/\/coinquora.com\/wp-content\/uploads\/2022\/07\/APE-1-300x157.png 300w, https:\/\/coinquora.com\/wp-content\/uploads\/2022\/07\/APE-1-768x403.png 768w\" \/><figcaption><em>APE \/ TetherUS 1D (Source: CoinMarketCap)<\/em><\/figcaption><\/figure>\n<\/div>\n<p>According to CoinMarketCap, APE is currently trading at $4.47 after a 0.14% drop in price over the last 24 hours and after reaching a high of $4.61 over the same time period.<\/p>\n<p>In terms of market cap, APE is currently standing at $1,340,190,039. When looking at the crypto\u2019s 24-hour trading volume, its up 76.11% to stand at $486,297,365.<\/p>\n<p><strong><em>Disclaimer: <\/em><\/strong><em>The views and opinions expressed in this article are solely the author\u2019s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.<\/em><\/p>\n<p><!-- Implement your own superfast social sharing buttons without any JavaScript loading. No plugin required.--><\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/coinquora.com\/why-apes-performance-is-lackluster-compared-to-other-altcoins\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ApeCoin (APE) has been steadily declining since the June crash dropping as low as $3.06. The NFT market is one of the advantages for ApeCoin, but at the moment, the NFT market is exhibiting a rather disappointing performance. If the situation on these fronts do not improve, APE will continue on its current path. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[200,72,73,792,2263,52,7189,138,111,1138],"class_list":["post-22901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-altcoins","tag-apes","tag-blockchain","tag-coinquora","tag-compared","tag-cryptocurrency","tag-lackluster","tag-latest","tag-news","tag-performance"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/07\/APE-1.png","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/22901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22901"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/22901\/revisions"}],"predecessor-version":[{"id":22903,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/22901\/revisions\/22903"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/22902"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22901"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}