The crypto market is still going sideways as pressure intensifies between bulls and bears. Over the past few days, Tron lost over 13% to legal issues with SEC, while ApeCoin (APE) and Aptos (APT) are still struggling to recover from the bear’s claws. In contrast, TMS Networ...
Tron Investor Seek Gain in TMS Network (TMSN)’s Record-Breaking Presale
ApeCoin (APE) Struggles as Yuga Lab’s Web3 Dream Dashes
ApeCoin (APE) was created to be an instrumental part of developing a futuristic decentralized Web3 internet. Inspired by the popular NFT collection, the Bored Ape Yacht Club, ApeCoin (APE), emerged as a bright star in the Web3 and meme coin space. At its core, ApeCoin (APE) remains a meme coin for supporting and developing Yuga Lab’s APE ecosystem, including voting, governance activities, and community growth.
Despite these, ApeCoin (APE) lost hype and momentum as Yuga Lab put its Web3 dream on hold. The platform’s Otherside metaverse is seeing low adoption while putting its play-to-earn franchise on hold as the crypto market condition worsens. Today, the ApeCoin (APE) token opened at $4.55, about 89% below all-time high price of $39.4 in May 2022. With the clear downturn affecting ApeCoin (APE), its investors are already cutting their losses with profitable alternatives like TMS Network (TMSN)’s decentralized trading hub presale.
Aptos (APT) Gains 10% in 24 Hours Despite Bearish Pressure
Despite Tron’s fall and regulatory pressure, Aptos (APT) is back on track with wonderful price momentum. Touted as the modern-day highly scalable and upgradeable network, Aptos (APT)’s layer one solution uses Move programming language and a parallel execution engine (Block-STM) to achieve scalability and high throughput. Even before its launch, Aptos (APT) has been on the radar of institutional investors and venture capitalists, raiding over $200 million in multiple funding rounds.
Despite Aptos (APT)’ massive potential, it is below many of its peers in adoption and usage. In fact, the total value locked on the network is below $70 million, while app development, smart contract deployment, and on-chain activities are drastically reducing. Nevertheless, the Aptos (APT) token gained 10% amid intensifying demand and renewed interest in its ability. Aptos (APT) is currently trading at $12.75.