The price of ApeCoin rose by 70% in a day
Bored Ape's recently launched native token called ApeCoin (APE) has gained a lot of popularity among investors. Many users of the cryptosphere have replenished their cryptocurrency portfolio with it. This caused a sharp increase in the value of the token.
The digital asset was launched on March 17, 2022. Immediately after the launch, the price of the token rose to $40, then there was a correction to $8.50 and a subsequent increase to $13.30. A day later, the cost of the cryptocurrency rose to $17.75. This is 68.03% higher than 24 hours ago.
The total capitalization of the token is $3.6 billion. The growth per day was $1.3 billion. This makes the asset one of the market leaders in terms of daily growth. In second place are the cryptocurrencies Mina and Waves.
The ERC-20 token has been added to the listing of the Binance and Coinbase platforms. Its popularity is due to the growth on the NFT Bored Ape. Many of these non-fungible tokens are worth hundreds of thousands of dollars and are actively traded on the cryptocurrency market. In the Google search engine, the number of requests for information about the collection reaches 59 thousand per month.
Analysts attribute a further increase in the price of the token to the activity of traders investing in meme-cryptocurrencies (DOGE, SHIB) and GameStop shares. Also in the future, a project with its own metaverse may appear. This makes investing in a digital asset attractive for investors.
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