in

Crypto Hot News ApeCoin: Will APE’s extreme volatility become a cause for concern

Hot Crypto News Today ApeCoin: Will APE’s extreme volatility become a cause for concern You Must Read To Get More Information For Trading and Investment.

One of the biggest concerns of governments and regulatory bodies when it comes to crypto is this one frustrating factor about crypto – its volatility. This is what causes countries to sometimes even place a ban on cryptocurrencies themselves in order to protect the investors.

And they cannot be blamed for it either since, in the past, this volatility has brought fortune as well as a ruin to the crypto market.

For instance, around mid-January, in less than a week, the crypto market fell by 22.66%, losing $468 billion, while on the other hand, in less than three days, the same shot up by 18% and gained $302 billion.

Crypto Hot News ApeCoin: Will APE’s extreme volatility become a cause for concern

But even within the market, there are certain cryptocurrencies that beat other coins in terms of volatility. Usually, these cryptos are worth less than a dollar. Coins such as Shiba Inu, Dogecoin, Fantom, etc., fall into this category.

Their extreme rise and fall do not have a significant effect on an investor unless their holdings’ volumes are high.

Whereas coins worth much more than a dollar (Solana, Ethereum, Bitcoin) tend to exhibit extreme volatility only in the situation of a rally or a market crash.

But ApeCoin…

…is a new breed since it combines the high value of the latter cohort while taking up the volatility of the former. Ever since its launch last month, the coin has only displayed rises and falls worth more than 7%, sometimes even touching 20%

Crypto Hot News ApeCoin: Will APE’s extreme volatility become a cause for concern

Following the pattern, APE today dropped by almost 17% at one point following the 19.31% fall from a day ago, which has brought the price down from $23 to $17.5.

However, this repeated behavior might result in APE’s investors sharing the same commitment towards ApeCoin, as SHIB investors do towards Shiba Inu.

In the latter’s case buying and selling for profit is a common occurrence, and that is what APE would have to avoid in order to establish a sustainable rise.

At the moment, these holders do exhibit that pattern as more APE was bought around the time when prices were shooting up and sold as soon as the first red candle hit today.

Crypto Hot News ApeCoin: Will APE’s extreme volatility become a cause for concern

This makes the coin equally susceptible to a price drop as any other highly volatile coin does since it does not have the support of its investors.

Read more Crypto Hot News here.
Watch free hot girl asia stock quality Photos on hotgirl.asia Crypto Hot News ApeCoin: Will APE’s extreme volatility become a cause for concern

What do you think?

Written by thegamefi

Leave a Reply

Your email address will not be published.

GIPHY App Key not set. Please check settings

    PlayToEarn News Users Go Ape for Otherside Mint Sale

    Crypto Hot News With over a billion XRP tokens transferred, are whales getting jittery