Apecoin Rebounds 4.6% Amid NFT Launchpad and DEX Proposal
The Apecoin ecosystem, linked to the Bored Ape Yacht Club (BAYC) NFT collection, has been struggling. Despite recent Bitcoin-led bullish trends in the crypto market, Apecoin ($APE) has failed to regain significant traction, with a 66% price drop in the last 365 days and a 24% decrease in 2024 alone. Compounding this, the price floor of BAYC NFTs has been on a downward spiral since last April, falling from a peak of $369K to its current $38K per token, according to NFT Price Floor.
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