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ApeCoin’s [APE] +50% rally – Can it really keep it up?
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ApeCoin, the native token for the BoredApeYachtClub NFT project, was the best-performing cryptocurrency over the past week. In just a week, it surged by more than 50% as the platform’s developer community hinted at a major metaverse project. Following the same, APE rallied close to a high of $18, even surpassing Decentraland’s MANA to become the market’s largest metaverse token.
That being said, a few on-chain metrics observed significant divergence for the flagship token. Something that might prompt a sell-off soon.
<p lang=«en» dir=«ltr» xml:lang=«en»> Read more on ambcrypto.comAbout this in other media
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