{"id":9492,"date":"2023-07-11T19:39:47","date_gmt":"2023-07-11T19:39:47","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/07\/11\/apecoin-price-plunges-as-bored-ape-yacht-club-nfts-face-major-sell-off\/"},"modified":"2023-07-11T19:39:47","modified_gmt":"2023-07-11T19:39:47","slug":"apecoin-price-plunges-as-bored-ape-yacht-club-nfts-face-major-sell-off","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/07\/11\/apecoin-price-plunges-as-bored-ape-yacht-club-nfts-face-major-sell-off\/","title":{"rendered":"ApeCoin Price Plunges as Bored Ape Yacht Club NFTs Face Major Sell-Off"},"content":{"rendered":"<p><\/p>\n<div>\n<p><a href=\"https:\/\/nftevening.com\/yuga-labs-a-complete-guide-to-the-web3-giants\/\" target=\"_blank\" rel=\"noopener\">Yuga Labs<\/a>\u2018 crypto token ApeCoin (APE) reported a 15% price drop in the last two weeks, with an all-time low of $1.58 last Friday. What is going on with the price of ApeCoin? Let\u2019s find out!<\/p>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li>Yuga Labs\u2019 ApeCoin token has experienced a significant drop, falling nearly 93% from its all-time high in March 2022.<\/li>\n<li>The current price of ApeCoin is $1.58, with the token\u2019s value showing a decline on the 30-day chart.<\/li>\n<li>The bear market has impacted Yuga Labs\u2019 flagship project, Bored Ape Yacht Club and the decline in ApeCoin price could affect other projects like Otherside, despite ApeCoin\u2019s high market cap of $704 million.<\/li>\n<\/ul>\n<figure id=\"attachment_121998\" aria-describedby=\"caption-attachment-121998\" style=\"width: 1280px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-121998 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"image of the crypto token ApeCoin\" width=\"1280\" height=\"715\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price.png 1280w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-300x168.png 300w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-1024x572.png 1024w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-768x429.png 768w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-100x56.png 100w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-150x84.png 150w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-450x251.png 450w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-1200x670.png 1200w\" data-lazy-sizes=\"(max-width: 1280px) 100vw, 1280px\" data-lazy-src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price.png\"\/><\/noscript><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-121998 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price.png\" alt=\"image of the crypto token ApeCoin\" width=\"1280\" height=\"715\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price.png 1280w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-300x168.png 300w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-1024x572.png 1024w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-768x429.png 768w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-100x56.png 100w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-150x84.png 150w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-450x251.png 450w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-1200x670.png 1200w\" sizes=\"(max-width: 1280px) 100vw, 1280px\"\/><\/noscript><figcaption id=\"caption-attachment-121998\" class=\"wp-caption-text\">Yuga Labs\u2019 crypto token ApeCoin (APE) reported an all-time low value over the past seven days.<\/figcaption><\/figure>\n<h2><span id=\"How_Low_Did_the_ApeCoin_Price_Drop\">How Low Did the ApeCoin Price Drop?<\/span><\/h2>\n<p>Yuga Labs is going through challenging times as their ApeCoin token plummeted shockingly over the past 14 days. <a href=\"https:\/\/www.coingecko.com\/en\/coins\/apecoin\" target=\"_blank\" rel=\"noopener\">CoinGecko<\/a> data shows that APE\u00a0dropped nearly 93% from its all-time peak of $26.70 in March 2022.<\/p>\n<p>Last Friday, the token was valued at $1.58. At the time of writing, the price of an ApeCoin is 1.91%. Here\u2019s a visual representation:<\/p>\n<figure id=\"attachment_121997\" aria-describedby=\"caption-attachment-121997\" style=\"width: 706px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-121997 size-full perfmatters-lazy\" alt=\"screenshot of the ApeCoin token price chart over the past 30 days\" width=\"706\" height=\"679\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-chart.png 706w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-chart-300x289.png 300w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-chart-58x56.png 58w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-chart-150x144.png 150w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-chart-450x433.png 450w\" data-lazy-sizes=\"(max-width: 706px) 100vw, 706px\" data-lazy-src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-chart.png\" src=\"https:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%20706%20679'%3E%3C\/svg%3E\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-121997 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"screenshot of the ApeCoin token price chart over the past 30 days\" width=\"706\" height=\"679\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-chart.png 706w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-chart-300x289.png 300w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-chart-58x56.png 58w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-chart-150x144.png 150w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-chart-450x433.png 450w\" data-lazy-sizes=\"(max-width: 706px) 100vw, 706px\" data-lazy-src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-chart.png\"\/><\/noscript><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-121997 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-chart.png\" alt=\"screenshot of the ApeCoin token price chart over the past 30 days\" width=\"706\" height=\"679\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-chart.png 706w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-chart-300x289.png 300w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-chart-58x56.png 58w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-chart-150x144.png 150w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price-chart-450x433.png 450w\" sizes=\"(max-width: 706px) 100vw, 706px\"\/><\/noscript><figcaption id=\"caption-attachment-121997\" class=\"wp-caption-text\">The 30-day ApeCoin price chart reveals a shocking decline in the token\u2019s value. Credit: CoinGecko<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<h2><span id=\"Can_Yuga_Labs_Recover_From_the_Bear_Market\">Can Yuga Labs Recover From the Bear Market?<\/span><\/h2>\n<p>Right now, the NFT market is trying to recover after the bear market that started in 2022. Unfortunately, Yuga Labs\u2019 top blue chip project, <a href=\"https:\/\/nftevening.com\/bored-ape-yacht-club-the-avatar-collectibles-with-the-biggest-community\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">Bored Ape Yacht Club<\/a>, is still struggling as of July this year.<\/p>\n<p>For instance, the iconic PFPs\u2019 highest floor price was 152 ETH (about $429,000) reported in March 2022. Fast-forward to July, the collection\u2019s floor price is just $52,000.<\/p>\n<p>The recent fall of the ApeCoin price can also affect other Yuga Labs projects, such as Otherside. The crypto coin is the project\u2019s native token and it was a key element for the second Otherside playtest.<\/p>\n<p>Nevertheless, ApeCoin remains one of the most important metaverse tokens today. Its market cap of $704 million is remarkably high compared to other projects, so it\u2019s still worth looking into.<\/p>\n<p><iframe data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\" class=\"perfmatters-lazy\" data-src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\"><\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\" data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\"><\/iframe><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/apecoin-price-plunges-as-bored-ape-yacht-club-nfts-face-major-sell-off\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yuga Labs\u2018 crypto token ApeCoin (APE) reported a 15% price drop in the last two weeks, with an all-time low of $1.58 last Friday. What is going on with the price of ApeCoin? Let\u2019s find out! TL;DR Yuga Labs\u2019 ApeCoin token has experienced a significant drop, falling nearly 93% from its all-time high in March [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/apecoin-price.png","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/9492"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=9492"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/9492\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/9493"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=9492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=9492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=9492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}