Krutika Adani
ApeCoin has been up 17% this month and might see a revival of its lost glory in the upcoming alt season.
The crypto saw a continuous decline since its launch in 2022 from $39.4 to $0.5. At press time, its price traded at $0.69.
NFT markets could see a revival led by utility NFTs, gaming NFTs, and the trading of RWAs as NFT-like tokens. However, it seems art NFTs have lost their magic forever.
ApeCoin could see a revival in the future if NFT markets make a comeback. Otherwise, the project seems to have lost its connection with the people.
If the altcoin season gains momentum, we might see $1 coming soon for ApeCoin. On the downside, a fall below $0.5 could signal the end of the project.