Cryptocurrency 41 minutes ago (Dec 18, 2022 04:00AM ET)
Why People Are Starting To Lose Interest In APE And Its NFTs
- APE’s rewards being generated from staking pools are declining.
- The APE NFT collections are also showing signs of struggle.
- APE is currently trading at $3.25 after a 1.09% increase in price.
When the staking rewards for ApeCoin (APE) was announced, it generated a lot of excitement and interest. People were making it a priority to buy the APE token and even the project’s NFT space got a boost, but this quickly faded away.
One of the main reasons for the lack of interest in APE is the declining rewards being generated from staking pools. Data from Dune Analytics reveals that the rewards given to stakeholders have dropped significantly.
Per APE daily APE reward …
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