ApeCoin Maybe Targeting $1.0000
ApeCoin (APE) is up by 3.0% to $0.607, outperforming the broader market. In comparison, Bitcoin (BTC) has risen by only 1.3% to $59,090. APE's performance may be influenced by the rising value of Bored Ape Yacht Club (BAYC) NFTs, with prices surging by 55.0% to 14.08 ETH in August. This increase drove APE up by 42.0% to $0.798. However, a 17% retracement in BAYC prices led to a 30.0% decline in APE. Despite this, BAYC could have regained enough upward momentum to potentially push APE to $1.0000.
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