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ApeCoin launch is a success and enters the top 10 in a week
Every day new tokens and cryptocurrencies appear on the market, most of them fail, however, some manage to stay afloat. In a few cases, there are coins that have become very successful and an example of this is ApeCoin, a cryptocurrency that has broken expectations.
What is AppCoin?
ApeCoin (APE) is a fairly new cryptocurrency, having only been on the market for a week. However, during this week it has gained incredible popularity. This currency was born as support for the Bored Ape Yacht Club (BAYC) NFTs.
This coin has quickly become the most traded according to the statistics that WhaleStats manages. On this platform there are around 5,000 wallets belonging to the "whales" that Ethereum manages, so the statistics are based on these.
The currency was born on March 17 as a project for those people who have NFTs in BAYC. The price with which this coin was launched was 6 dollars, however it reached 14 dollars.
Few currencies are capable of being so successful and able to sustain themselves for so long. Fortunately for creators and investors, the coin has remained stable.
According to experts, the coin is expected to drop in price and begin to “stabilize” itself in the coming days. It is likely that its price will reach up to 10 dollars.
Why has this coin been so successful in such a short time?
As we have mentioned, not all the coins that appear today are successful. This is mainly because many of them have no real utility. Others are not linked to projects that interest people.
This has not been the case for APE, and then we are going to talk to you about the factors that have contributed to this coin becoming successful.
Promotion : ApeCoin has had a great promotion, which has contributed to the fact that at the time of its launch there were a large number of people interested in it.
Planning : The coin has been very well planned, it has clearly established objectives, which generates greater confidence on the part of investors.
Increase in currencies : In recent days, both bitcoin and Ethereum have had an increase. This is something that ends up dragging down the rest of the currencies and APE was not going to be the exception.
Without a doubt, this coin has been launched at the right time, which has helped its price increase. However, do not minimize the efforts that the development team has made. Since there is much more behind this success than just luck.
