What's next for APE crypto?

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11 May 2022
108

A well-known meme symbol Due to the instability of other cryptocurrencies, ApeCoin (APE) is seeing a sharp price drop right now. 

A 10% loss in the overall market is causing this decline. 

APE has lost approximately 40% of its value in the last 24 hours. 

As a result, investors may want to know whether the bleeding will cease at some point, according to expert ApeCoin price forecasts.

The demise of algorithmic stablecoin TerraUSD (US) and its closely linked coin TerraTerra is a major factor in today's crypto market activity (LUNA). 

LUNA's value has plummeted by more than 90% today as investors assess the likelihood of UST's downfall.

To keep UST stable, Terra may be employed. Although this stablecoin fell below 30 cents in the initial trade, it is now trading at roughly 67 cents. The crypto community is alarmed by this decline.

With the rise of stablecoins, most major cryptocurrencies have fallen sharply today. 

This decline is even more severe for cryptocurrencies and meme tokens like ApeCoin. 

Investors in cryptocurrencies should be wary of the current market conditions.

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