ApeCoin Price Declines Regardless of Time’s Announcement Of Using APE As Payment

ApeCoin, the most recent and headline-making crypto project that surmounted unbelievable leaps within the first few days of its launch, has begun experiencing a steady low. Regardless of the adoption of APE tokens by whale traders and investors within its first days, ApeCoin has struggled to bounce back to the limelight. The coin experienced a two-digit loss overnight. This is even happening notwithstanding the recent announcement by Times Magazines about the collaboration with the ApeDAO team to integrate APE coin as a payment option. ApeCoin Price Struggling To Rise Again The ETH-based NFT utility token-ApeCoin-was trading at an All-Time-High price of $17.81 on Friday 18th March, close to the coin’s listing price of $20, almost three days ago. After then, ApeCoin has seen a double-digit decline. Suggested Reading | Fiat – Not Crypto – Still The Top Choice For Financial Crimes, US Treasury Says It’s worthy to note that the NFT token is available for purchase at major crypto exchanges like FTX, Binance, Gemini, Coinbase, eToro, and several other leading exchanges. Their notable reason is that the coin emerges as the most purchased NFT token among ETH whales. They have accepted the token and even listed it on their crypto marketplaces. Amazingly, ApeCoin has arisen as Ethereum’s most traded NFT token and even ranked among the top 5 purchased coins in the last 24 hours. This data was provided by a leading ETH whale an...