BAYC’s new token – ApeCoin – has found a place in the top 100 cryptocurrencies with a market cap of almost $2 billion a day after its launch.
Following the recent price fluctuations, bitcoin calmed on a daily scale and has since remained above the coveted $40,000 price tag. Most altcoins are also relatively stagnant now, but the top 100 coins have seen the entrance of the recently launched ApeCoin.Bitcoin’s volatility was quite evident in the past several days, especially on Wednesday morning when the cryptocurrency skyrocketed by nearly $3,000 in minutes and neared $42,000.
Avalanche has also charted slight gains and stands at $80. In contrast, Terra has lost the most value – a near 6% decline has pushed the asset below $85. Ripple, Solana, Cardano, Polkadot, Dogecoin, Shiba Inu, and CRO are also slightly in the red since yesterday.. Just a day after its launch, the new token of the popular NFT project Bored Ape Yacht Club has grown in market cap to almost $2 billion, according to CoinGecko.
The total market cap of all crypto assets has remained almost flat compared to yesterday at just over $1.8 trillion.