ApeCoin Plummets as Bored Ape NFT Collection Declines
ApeCoin, tied to the Bored Ape profile images, reached a record low of $1.77 before slightly recovering. The decline in ApeCoin mirrors the decline in the Bored Ape Yacht Club’s NFT collection, which gained popularity in 2021 and 2022. Despite the drop, ApeCoin remains the 65th largest cryptocurrency with a market cap of $675 million.
- Bored Ape Yacht Club’s NFT collection experiences a decline
- ApeCoin drops 93% from its highest price point
- CoinGecko ranks ApeCoin 65th in market capitalization
Wall Street Memes Emerges as a Strong Player in Crypto
Wall Street Memes, known for its influence during the meme stock frenzy of 2021, is now gaining traction in the cryptocurrency space. Their $WSM token pre-sale has raised $19.2 million, and they have a loyal online following of over one million. Experts predict a successful listing on top crypto exchanges like Binance.
- Wall Street Memes raises $19.2 million in token pre-sale
- 30% of $WSM tokens reserved for community rewards
- Wall Street Memes has a large and loyal online following
Hot Take
The decline of ApeCoin and the rise of Wall Street Memes showcase the volatility and ever-changing nature of the cryptocurrency market. Investors must be cautious and informed when navigating this space, as trends can quickly shift and affect the value of different tokens. It remains to be seen how these two projects will fare in the long run.
By
By
By
By