ApeCoin was among the hardest hit cryptocurrencies in May’s market crash and this led to a sharp decline in its market value. The asset is supported by one of the most successful NFT projects of all time—the Bored Maymun Yat Kulübü.
ApeCoin remains a top 50 digital asset by market capitalization in June 2022. APE closed the fifth month of the year with a market value of approximately $1.97 billion, according to Be[In]Crypto research.
While this number seems high due to the plunge in the value of other digital currencies, this figure was a 56% dip from its market value on May 1. On that day, APE saw an impressive trading volume of $3.37 billion which corresponded to a piyasa in the region of $4.55 billion.
Neden batan piyasa değeri?
A sell-off by holders spiked on the first day of May and intensified in the week of May 9 to 13 and played a large role in the decreasing market capitalization of MaymunCoin.
Many analysts have credited enflasyon, the economic uncertainties of the Russian/Ukraine crisis, Ve Federal Reserve’s quest to control inflation by faiz oranlarını yükseltmek as the factors for the downturn in APEs valuation.
On May 1, the number of large transactions involving APE reached a peak of 2,580 at a price of $15.97.
This corresponded with a large transaction volume of 94.36 million APE at the same price.
The 94.36 million APE multiplied by the price of $15.97 equaled a Toplam hacim 1.51 milyar dolar civarında.
On May 1, APE opened at $20.02, reached an intraday high of $20.04, shed 21% of this day’s high to an intraday low of $15.69, and closed the day at $15.97. Due to losing more than one-fifth of its price on the opening day of the month, APE could not recover and plunged further to create higher lows throughout May.
APE fiyat reaksiyonu
APE opened on May 1, at $20.02, reached a monthly high of $20.04 on the same day, tested a monthly low of $5.25 on May 11, and closed the month at a trading price of $6.76.
Overall, this equates to a 66% drop in the opening and closing price of APE in May.
Feragatname
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Source: https://beincrypto.com/apecoin-market-cap-sank-more-than-2-5-billion-in-may/