Ethereum

April

ApeCoin

<ul> 
 <li>ApeCoin is facing challenges just days after Yuga Labs held an invitation-only event.</li> 
 <li>The token has fallen from its all-time high to its new low by a whopping 93%.</li> 
</ul> 
With further assault on the company’s “blue chip” Bored Ape Yacht Club NFT collection, ApeCoin, which powers <a href="https://yuga.com/" target="_blank" rel="noopener noreferrer nofollow">Yuga Labs’</a> vast Otherside metaverse game and other apps, hit a record low on Tuesday. 
According to <a href="https://coinmarketcap.com/currencies/apecoin-ape/" target="_blank" rel="noopener noreferrer nofollow">CMC</a>, the value of <a href="https://thenewscrypto.com/altcoin-news-why-is-apecoin-price-falling-in-2023/" target="_blank" rel="noopener noreferrer nofollow">ApeCoin</a>, dropped to $1.77 late Monday and early Tuesday. The token had recovered to $1.81 as of this writing, up 1.60% in the last 24 hours and 8.89% down in the last 7 days. 
<h3 class="wp-block-heading" id="h-terrible-decline">Terrible Decline</h3> 
Following its spectacular growth in 2021 and 2022, Bored Apes Yacht Club NFTs established its 10,000 simian-centered valuables. In April 2022, as Yuga’s Otherside game readied to release NFT-based parcels of land that will allow players to customize their own locations in the online world, the minimum price of BAYC reached 152 ETH, or $429,000. 
But ever since the prices of BAYC <a href="https://thenewscrypto.com/apple-faces-scrutiny-over-crypto-and-nfts/" target="_blank" rel="noopener noreferrer nofollow">NFTs</a> have fallen terribly due to overall market decline. The floor price of the BAYC collection (the price of the cheapest NFT posted) just barely passed $52,000 worth of Ethereum in early July, marking a new all-time low. 
ApeCoin is facing challenges just days after Yuga Labs held an invitation-only event where forty NFT owners and diehard fans were given the chance to explore unreleased areas of the Otherside game. The initial price of one ApeCoin was $8.54 in March last year; by April 2022, it had risen to $26.70. 
However, ApeCoin has fallen from its all-time high to its new low by a whopping 93%, and it has fallen 73% from its yearly high of $6.67.&nbsp; 
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ApeCoin (APE) Hits Record Low Amid Market Struggles

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