ApeCoin Is Sending SOS from the Bottom
ApeCoin (APE) is up 14.0% this week to $0.746, significantly outperforming the broader crypto market, where Bitcoin (BTC) has gained 2.0% to $96,958. While this appears to be an impressive rebound, APE remains near its all-time low of $0.473.
Earlier in February, the altcoin dropped to $0.538, its lowest level since August 4, 2024. The current surge is likely a minor recovery following a sharp decline. Additionally, Bored Ape Yacht Club (BAYC) NFT collectibles have erased all their 100% Trump-driven gains, limiting fundamental support for APE. At this point, the token’s price is largely reliant on broader market trends.
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