BAYC’s ApeCoin Price Surges by Over +2000%, Preps To Hit $500 Soon?

ApeCoin (APE) blows the crypto space once again as it records a new all-time high. In detail, APE smashes the skyrocketing price of more than $20 in the past 24-hours. This made the market capitalization of the crypto surge to more than $6 billion with a 24-hour trading volume almost equivalent to its market cap.

In the past weeks, the crypto faced left and right complaints regarding its price performance which is normally caused by market volatility. However, the crypto is able to find a way to uplift its market status and position itself as one of the top 30 crypto assets in CoinGecko. All thanks to the investors and its community that supported the crypto regardless of the market conditions.

As seen in the chart above, APE was able to record a growth rate amounting to more than +2000%. This increase enables the crypto to reach the skyrocketing price of over $20 on its launch date. Today, APE trades between $20 to $23 per crypto. If APE can pump its price once again to almost +2000%, the price of crypto may skyrocket.

In detail, the APE price may reach the moon price of over $500 per crypto. But of course, this price of the crypto is still dependent on the bullish market and the behavior of its investors on the platform.

On the other hand, Bitcoin, the king of crypto assets, continues to struggle below $40K as the whole crypto market cap bleeds to -1.8% in the past 24 hours. So, is now the right time to buy or not?

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.