What is APES? New Memecoin on the Trending Solana Network

Bittime - APES is one of the newest memecoins to steal the spotlight on the Solana network. With its ever-increasing popularity, APES is attracting the attention of crypto investors and traders. 

This article will take a deeper look at APES, its price performance, and why this token is trending in the crypto market.

What is APES

APES is a memecoin released on the Solana network, one of the most efficient and fast blockchains in the crypto world. 

Like most memecoins, APES relies on strong community support and social trends to drive market demand. 

APES' popularity can be seen from its high trading volume and growing market capitalization.

These tokens can be traded on several decentralized and centralized crypto exchanges (DEX). 

One of the most popular exchanges for trading APES is Raydium, with the APES/SOL trading pair recording a trading volume of $1,148,403 in the last 24 hours. 

Additionally, APES is also available on the exchange MEX and BingX.

Read also: Catizen's CATI Token: Tokenomics, Distribution, and Roadmap

APES Price Performance

Since its launch, APES price has exhibited the volatility typical of memecoins. In the last 24 hours, APES trading volume reached $5,944,380, an increase of 2.10% compared to the previous day, indicating increasingly busy market activity.

APES recorded an all-time high price of $0.04118 on August 29, 2024. 

However, prices are currently where they are 42.88% lower than that record. In contrast, the lowest APES price was recorded at August 18, 2024 as big as $0.00244, and the current price rose by 864.07% from that lowest point.

APES Market Capitalization

APES market capitalization currently stands at $23,105,235, placing it in the rankings #918 by CoinGecko. 

This market capitalization is obtained by multiplying the token price by the amount of circulating supply, which is as much as 980 million tokens that can be traded in the current market. 

If the entire maximum supply of APES tokens (1 billion tokens) is in circulation, the maximum valuation (Fully Diluted Valuation/FDV) of this token is estimated to reach $23,541,835.

Why is APES Interesting to Try?

Here are several reasons that you can consider when choosing APES:

1. Promising Price Surge: In the last seven days, the price of APES increased by 6.90%, outperforming the overall crypto market which experienced a decline of -1.20%. When compared with other memecoins, APES also excels with better performance, up 1.90% from the average of other memecoins.
2. High Trading Volume: Significant daily trading volume indicates high interest from traders in this token. This high activity often signals potential liquidity and dynamic price movements.
3. Potential for Continuously Increasing Market Capitalization: With a fairly large market cap for a new memecoin, APES has huge room for growth. Moreover, community support and potential collaboration with other exchanges could drive the popularity of this token even further.

Conclusion

APES is a promising memecoin with strong community support and steadily improving price performance. 

While volatility remains a risk to consider, the long-term growth potential of this token makes it worth keeping an eye on for memecoin enthusiasts and crypto investors looking for new opportunities on the Solana network.

APES could be one of the assets worth considering, considering its improved performance in recent weeks and steadily increasing trading volume.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn How to Buy Crypto on Bittime.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.