ApeCoin remains unbothered after one more offer

Apecoin got one more offer, but the platform is still undisturbed.
The price movement of the token also remained undisturbed after the offer was live.

Not long ago, there were offers- left, right, and center for a utility token, Apecoin. A token, backed by Bored Ape Yacht Club, a unique NFTs collection, was the reason for a trade offer from a leading NFT marketplace, MagicEden.

After the offer was live, the price movement of the token didn’t excite its HODLers.

One more time, an offer came up for the discussion and was considered by ApeDAO. But a question arises who is that, and how is APE acknowledging that?

Rarrible is making an offer.

Rarible, a multichain platform to purchase, sell and create NFTs, is currently offering ApeDAO a chance to have an APE-backed NFT platform. But, the offer of Rarible was focused on a 0% transaction fee on its cross-chain protocol.

Similar to MagicEden, the company was giving a proposal to introduce the marketplace on ApeCoin.com. But, there was a thing that was exceptionally superior.

Rarible was all set to permit Ethereum [ETH], which is currently hosting the non-fungible tokens on the marketplace, if implemented. On the other hand, the company had a strong belief that the growth of the marketplace would eventually result in an increment in APE usage. The platform says that adding Ethereum transactions on the site will help in cheering buyers and sellers.

Although, after all these offers, APE is still unperturbed by all those things.

APE’s hold is still unrivaled

There has been a nominal decline in the crypto industry, and APE’s hold was unrivaled.

An NFT data aggregator platform, CryptoSlam, has revealed that the collection fell by 12.30% in sales volume in one day. After this fall, the volume stood at $2.25 million, but it still managed to maintain its top position in the NFT rankings.

Adding to that, APE has not certainly enhanced its on-chain metrics. Data from Santiment revealed the NFT volume of the coin in the $100,000 range was low from the past 24 hours. On August 17, the data was at $927,000 and fell to 687,000 on August 18.

But, data from CoinMarketCap revealed that APE had gained a 132% in volume in the last day. Comparing it, the platform can still not set off its value to greens.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing