Bitcoin (BTCUSD)

[trunkmonk]

I sure hope BTC is not going APE around here, lol.

"ApeCoin (APE-USD) is the most notorious of the NFT-based cryptocurrencies. The cryptocurrency is best known for the Bored Ape Yacht Club. It’s a collection of 10,000 NFTs marketed as being ‘unique’. Yet, how unique is something that draws its uniqueness from slight variations to the same template 10,000 times?

It is a uniquely idiotic project, I’ll give it that. The cheapest Bored Ape costs a mere 24.75 ETH, or roughly $57,000. There are thousands of assets that any investor would be better served to direct such an amount of capital. The Bored Apes are unique in that the word non-fungible implies uniqueness. That’s it.

However, in 2024 it’s fairly clear that the scam is up. At least based on the price of ApeCoin. It’s down roughly 71% over the last 12 months. That said, if people do wish to continue to buy Bored Apes, those interested in recent sales trends can check out this link."