Breaking Down ApeCoin - Full Analysis

Time for a fresh look at ApeCoin. The market dynamics here are worth examining closely.

📈 Current Price Action

Currently trading at $0.20, we're seeing some pullback in the short term. We're seeing bearish pressure over the past week. The monthly chart shows significant correction from recent highs.

ApeCoin price movement over the last 7 days

💰 Market Metrics

Market cap stands at $184.29M, placing it at rank #287. With $17.22M in 24h volume, we're looking at healthy trading.

Metric	Value
Current Price	$0.20
24h Change	-0.47%
7d Change	-8.96%
30d Change	-27.15%
Market Cap	$184.29M
24h Volume	$17.22M
Market Rank	#287

🪙 Supply Dynamics

There are $908.66M coins in circulation out of a maximum supply of $1.00B (90.87% circulating). We're close to max supply, which means minimal inflation pressure.

📊 Historical Context

The all-time high was $26.70, and we're currently 99.24% below that level. The all-time low sits at $0.18, which means we're 12.58% up from the bottom.
That's a significant discount from ATH, which could present opportunity - or suggest fundamental changes in the project's prospects.

🤔 My Take

The fundamentals tell us ApeCoin is in a consolidation phase. The fundamental metrics show room for growth if fundamentals improve.

As with any crypto investment, only allocate what you can afford to lose.

🎯 Final Thoughts

This is what I'm seeing with ApeCoin right now. Obviously, crypto moves fast and things can change quickly. Drop your analysis in the comments!

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This is not financial advice. Always do your own research before making investment decisions.