Introduction
In the thirteen-year history of cryptocurrency, there have been five contractions. The first ever collapse occurred in 2011, when Bitcoin was still in its initial stages. The value of one Bitcoin was 32 dollars before it plummeted to just 0.01. It took twenty months before Bitcoin’s value rebounded.
Likewise, the market tumbled in 2015 (37 months recovery time), 2015 (36 months recovery time), and 2021 (six months recovery time). However, the crypto crash of 2022 has undoubtedly been the most devastating collapse yet.
Market capitalization and token price of Bitcoin, which are standard bearers and used to gauge the performance of cryptocurrencies, lost more than two-thirds of their value. The downturn sent shockwaves across the industry. Although a mini-recovery has taken place, based on their track record, it could be years before the market regains its previous position.
ApeCoin (APE)
The best way to know how the market is performing is to see the facts and figures of specific tokens, so we get an idea. The first cryptocurrency we’ll examine is ApeCoin (APE), which ranks at number 26. ApeCoin has a market cap of 6.3 billion and a token price of 6.34; both values have fallen 4.9% in the last twenty-four hours. In the same duration, the volume of APE tokens traded is 290 million, a rise of 15.6%.
ApeCoin is an ERC-20 governance and utility token within the APE ecosystem. APE is based on the Ethereum blockchain, which means it is protected by Ethereum’s proof-of-work (PoW) consensus protocol. ApeCoin incentivizes a decentralized community and is available on several exchange platforms like SushiSwap.
Typically, ApeCoin (APE) token holders govern themselves through a decentralized governance framework that regulates the ApeCoin DAO (decentralized autonomous organization). Governance rights entail that token holders can cast their votes and determine the project’s direction. The APE Foundation manages proposals that APE holders approve.
Moreover, ApeCoin users have access to certain aspects of the ecosystem that are otherwise restricted, such as exclusive games. 62% of APE tokens are assigned to the Ecosystem Fund, a community-oriented initiative determined by token holders. Third-party developers can utilize ApeCoin to be involved in the ecosystem and integrate APE into games, services, etc.
MetaCryp (MTCR)
We’ve looked at the pivotal details of ApeCoin (APE). Based on that, we will determine if the market is ripe for introducing new cryptocurrencies like MetaCryp (MTCR). It provides cryptocurrency users a fascinating and reliable option for exchanging digital assets with blockchain technology. The main attributes of MTCR are DeFi, Metaverse, Play2Earn (P2E) gaming, and an interactive setting for users.
Metaverse is one of the crucial components of MetaCryp. The worldwide metaverse market is worth a staggering 47.5 billion dollars; that figure is expected to reach 678.9 billion by 2030. One of the main reasons for the creation of MTCR is to capitalize on metaverse’s rapid growth.
MetaCryp is an exciting prospect: when token holders are introduced to the Metaverse on the platform, they can ditch the monotony of their regular lives and enjoy themselves by accessing tailored avatars, exploring different environments, and interacting with other users.
Like the metaverse market, the gaming industry has experienced tremendous growth recently. For instance, in 2017, global gaming revenues were reportedly 91 billion dollars; five years later, the figure has almost doubled to 180 billion. Play2Earn (P2E) games are popular, and they are one of the critical features of MetaCryp (MTCR).
Conclusion
ApeCoin’s numbers are fascinating because its token price and market cap have diminished as its trading volume has increased considerably. The increase in trading volume suggests that there is room in the market for emerging cryptocurrencies like Metacryp.
If you’re seeking investment in MTCR, the best time is during stage 1 of the presale since that will give you an above-average 9% bonus. If you avail MetaCryp’s referral system and your associate invests four hundred dollars, you will get a hundred dollars each.
MetaCryp (MTCR)
Presale: http://presale.metacryptoken.io/
Website: http://metacryptoken.io/
Telegram: https://t.me/MetaCrypOfficial
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
