Decoding if ApeCoin can recover its 45% descent ahead of ApeFest

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ApeCoin, the native token of Bored Ape Yacht Club (BAYC) is currently nothing more than a fantasy since it serves no use case apart from being a governance token.

Despite that, it has somehow managed to bring losses to more than 98% of its investors in less than four months since its launch.Launched at $8, APE was quick to rally and reach its all-time high of $27.

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