Is ApeCoin the Next Bitcoin?
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No cryptocurrency is doing particularly well these days, but holders of ApeCoin (CRYPTO: APE) have suffered less than most. Bolstered by association with a popular non-fungible token (NFT) marketplace frequented by celebrities, ApeCoin's U.S. dollar value hasn't cratered like so many of its peers.
One of those peers is Bitcoin (CRYPTO: BTC) the once-unavoidable digital asset that has fallen on hard times. Perhaps the popular and resilient ApeCoin can rise to the levels of popularity still enjoyed by Bitcoin, in spite of the latter's recent decline.
Of the two, Bitcoin is by far the more established and familiar to the general public. In the eyes of many, it's the cryptocurrency, and it's indisputably a bellwether for its asset class. Very often, absent market-shaking news of their own, the prices of many other digital coins and tokens will move more or less in concert with Bitcoin.
Source Fool.com
