ApeCoin at the moment is nearly the only coin in top 100 that is trading in green, and it shows biggest growth
The highly trending ApeCoin, ranked 29th by CoinMarketCap, is today posting growth of over 8%, while the majority of the rest of the top 100 digital asset list is trading in the red.
APE shows 55% weekly rise, turns most popular smart contract
As per the data provided by WhaleStats, ApeCoin has become the most popular smart contract among the top 500 whales on Ethereum. This means that investors are actively purchasing this token, adding it to their crypto holdings.
However, the situation has changed rapidly and APE is now the eighth place holder on the list of most used smart contracts. It ranks sixth among the top ten coins sought by ETH whales.
On this list, APE closely follows Shiba Inu—the fifth most wanted coin now—which also recovered the position of the largest token by USD value earlier today.
At press time, the APE is up 8.25% today and 55% over the past week.
Crypto market turns red, but APE shows biggest rise
As the global flagship cryptocurrency, Bitcoin, dropped to the $38,000 level, falling below the ascending channel that has been forming on charts since the start of the year.
As it happens, a whopping $200 million in Bitcoin long order liquidations took place in the last 24 hours.
This is the continuation of Friday’s fall of Bitcoin; on that day, the leading cryptocurrency slipped below the $40,000 level on the news that, in May, the Fed will discuss raising the interest rate by 50 basis points.
By the end of 2022, the US central bank intends to make an overall interest rate increase of 250 basis points.
So far, APE seems to be profiting from Bitcoin’s decline, being nearly the only coin not only on the top 30 but on the top 100 list.
