BAYC Themed ApeCoin To Hit New Rock Bottom On ETH NFT Crash?
- Yuga Labs’ collections see a rapid downturn as ETH loses ground in NFT markets.
- Bored Ape Yacht Club community’s ApeCoin to launch its own Layer-2 chain.
- Looming unlock scares investors as $18.88M APE gets poured into circulation.
The Bored Ape Yacht Club (BAYC) has been going through a rough patch, with the Yuga Labs’ flagship non-fungible token (NFT) collection dropping to yearly lows this week. On Monday, the floor price for one of the blue-chip BAYC profile pictures plunged to 10.49 Ether (ETH), depicting an over 93% drop from the collection’s prime moment almost two years ago.
i've always said BAYC bottom is around 10 ETH, and i think it's getting pretty close here. sentiment rock bottom.
— DANIEL GOT HITS (@danielgothits) April 17, 2024
they'll be 30+ eth again by the end of the year
thinking bored apes will go to zero is just dumb, they are the most famous NFT even more famous than punks
While the recent drop to around 10 Ether (ETH) has put the Bored Apes back on the Disclaimer: Includes third-party opinions. No financial advice. See Risk Warning.
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