41 AIPs were in the process and one got approved MVRV Ratio and active addresses of ApeCoin increased ApeCoin [APE] recently posted a new update regarding the recent developments that happened in its ecosystem. ApeCoin expanded on its APE Improvement Proposals. According to the tweet, last week, there were 41 AIPs in process, and since […]
’s performance last week grabbed the attention of many as it registered more than 20% gains. As per CoinMarketCap, at press time, APE was trading at $3.95 with a market capitalization of more than $1.4 billion.weekly gains looked quite promising and gave further hope to investors for a price increase, things started to go against APE, at press time as its 24-hour chart was painted red.
Nonetheless, APE’s on-chain metrics were favorable, and it suggested that investors shouldn’t panic in the current market condition. Moreover, APE’s MVRV Ratio was considerably up, which was a bullish signal. Not only that, but APE’s network growth also followed the same path and registered an increase over the last week.Interestingly, the number of daily active users continued to increase. This was a positive signal as it suggested that a larger number of users were present in the network.
But on the other hand, APE failed to maintain its popularity in the crypto community as its social volume declined over the last week.
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