Although APE is currently trading 6.5% above its opening price, it is still disappointing compared to the current performance of other altcoins. The reason for this situation is that the price of BAYCNFT collection has dropped nearly 81% from the historical high of 23.7 US dollars.
The NFT market is ApeCoin but now the NFT market performance is disappointing. After sales reached 42.5 million US dollars in May, BAYCNFT had no significant trading volume for about two months. During this period, the average volume of BAYC was 2.1 million US dollars.
It is also important to pay attention to June. NFT sales barely exceed $1.3 billion. The previous month, OpenSea deals were worth about $3.1 billion.
In other words, if these aspects are not improved, APE will continue to go the way it is today.
According to CoinMarketCap in the past 24 hours, the price fell by 0. In the same period, after reaching a high of 4.61 US dollars by 14%, the current transaction price of APE is 4.47 US dollars.
In terms of market value, APE is currently $1,340,190,039. Judging from the 24-hour trading volume of the digital currency, it has risen by $76.11%, reaching $486, $297, and $365.
