A number of altcoins are gaining attention as the cryptocurrency market corrects, including ApeCoin (APE) and Curve DAO (CRV), which are up 17% and 24%, respectively, over the past 24 hours. People are becoming more optimistic as a result of these reforms.
ApeCoin (APE) is ranked thirty-three among the top 100 coins. It is an ERC-20 token generated for governance and utility. The decentralized autonomous organization ApeCoin DAO developed and launched the coin and is based on the Ethereum blockchain network.
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The APE has climbed up dramatically from its June low of $3.1189. according to the data of coingeco, ApeCoin price today is $6.7739, up 17% from last day and 43% up from last week. Its current market capitalization is $2.08 billion, a significant increase of 16% over the past 24 hours.
APE is associated with the famous Bored Ape Yacht Club. Era Labs developed the Bored Ape Yacht Club, a 10,000-strong non-fungible token (NFT) an ape theme with various aspects and distinctive properties, such as digital art, image, music and video files that have been tokenized and protected. . Blockchain technology.
Its price went up after Yuga Labs gave a select group of gamers a sneak peek into its Otherside metaverse. Hence, this could be one of the major reasons that contributed to the APE price increase.
According to Announcement4,300 players, known as “Voyagers”, were welcomed on Saturday for a first-look take presentation and tour on the immersive, app avatar-navigated internet platform.
Curve DAO (CRV) continues to struggle to recover its value
Due to the downturn in the market this year, other coins are struggling to recover, and CRV is on a recovery path with them. The Curve DAO is a native token for Curve Finance, one of the largest decentralized finance (DeFi) systems in the world.
Since its launch, Curve DAO has attempted to maintain some momentum after falling from its highs. However, since the beginning of this year, there has been a sharp drop in the CRV token. It started the year at $6.2061 and dropped to $2.3958 in the first month.
After falling from the $2 level, it hit a new low in the second month. In March and April, the price of the coin continued to rise gradually, fluctuating between $2.78 and $1.95. But, things started to change in June when the coin experienced a steady decline and hit a low of $0.54047.
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However, CRV is showing signs of positivity this month and is moving ahead with its comeback. It rebounded from its June lows and is currently trading at $1.47, a significant increase of 40.0% over the past 14 days.
The anticipated introduction of the Curve stablecoin is the main factor behind today’s positive price action. Curve founder Michael Egorov acknowledged the introduction of an ultra-collateralized stablecoin during a Web3 event.
Featured image from Flickr, chart from Tradingview.com