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Why ApeCoin Is Up 7.2% Today

TheMotleyFool

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The value of ApeCoin (CRYPTO: APE) continues to climb on Wednesday as the project's hype picks up. The token launched last week and is up 7.2% in the last 24 hours as of 3:30 p.m. ET, but has been trading wildly with swings of 10% or more over the course of just a few hours.

We're nearly a week into ApeCoin's launch and the value of the token continues to climb. Investors are pouring into the project because of its loose association with Yuga Labs and the Bored Ape Yacht Club, but for now it's a speculative token.

Image source: Getty Images.

Source Fool.com

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