APENFT Information

APENFT is a unique cryptocurrency project that focuses on bridging the gap between top-tier artwork and blockchain technology. By tokenizing fine art, it aims to democratize access to high-end artworks, allowing collectors and enthusiasts to own fractional pieces as digital assets. This innovative approach not only broadens the reach of the art world but also adds a new dimension to the NFT market.

APENFT

$0.00

Title : APENFT
Symbol : nft
Current Price $ : 4.91943E-7 $
High 24h : 4.96088E-7 $
Low 24h : 4.79449E-7 $
Price Change 24h : 3.985E-9 $
Price Change % 24h : 0.81661 %
Market Cap : 487449327
Website : https://apenft.org/
Total Volume : 38215375
Market Cap Change 24h : 7624200
Market Cap Change % 24h : 1.58895 %
Circulating Supply : 9.901056828774E+14
Total Supply : 9.9999E+14
Max Supply : 9.9999E+14
Last Updated : 2025-01-21 23:51
All Time High (ATH) : 7.53E-6
ATH Change % : -93.45697 %
ATH Date : 2021-09-05 00:10
All Time Low (ATL) : 2.98737E-7
ATL Change % : 64.92533 %
ATL Date : 2023-06-10 04:30

more information

Introducing APENFT: Bridging Art and Blockchain

APENFT (Symbol: NFT) is a unique cryptocurrency designed to provide an intersection between blockchain technology and the art industry. It aims to transform the art world by using NFTs (Non-Fungible Tokens) to tokenize artworks, allowing them to be securely stored and traded on blockchain networks.

The Evolution of APENFT

Launched in 2021, APENFT has seen its share of ups and downs in the crypto market. Initially capturing attention with an all-time high (ATH) of $7.53E-6 on September 5, 2021, APENFT capitalized on the booming interest in NFTs at that time. However, like many other cryptocurrencies, it has experienced significant volatility, with a sharp decline of over 94% from its ATH as of now.

The coin hit its all-time low (ATL) on June 10, 2023, at a price of $2.98737E-7, but it has since rebounded by approximately 42% to its current price of $4.26442E-7. This trajectory illustrates both the potential for growth and the risk inherent in engaging with such a niche market.

Understanding the Mechanics: Supply and Market Dynamics

A key factor to consider when evaluating APENFT is its supply metrics. The coin has a maximum supply cap of around 9.9999E+14, indicating that almost the entire supply is already circulating in the market. With a current market cap of $422 million, APENFT maintains a substantial position within the NFT niche market.

In terms of daily volume, approximately $21.5 million worth of APENFT is traded every 24 hours, highlighting moderate liquidity which can be beneficial for traders looking for short-term opportunities.

Pros and Cons of Investing in APENFT

APENFT boasts several advantages:

Innovative Use-Case: It is one of the few coins focusing on bridging the gap between the digital art world and blockchain, setting it apart from other cryptocurrencies.
Strategic Partnerships: APENFT has forged alliances in the art and blockchain communities, potentially boosting its credibility and market reach.

However, there are notable risks and drawbacks:

Market Volatility: The coin has experienced significant fluctuations, which can be risky for investors.
Concentration Risk: As a niche product, its value is closely tied to the current trends in the NFT market, which might not sustain in bearish cycles.

Future Outlook: Challenges and Opportunities

Looking ahead, APENFT faces both challenges and opportunities. Its success heavily depends on the broader adoption of NFTs and the digital art market's expansion. As more artists and institutions embrace blockchain for art transactions, APENFT could see increased use-cases and integrations, pushing its value upwards.

Nevertheless, the competitive landscape for NFT platforms is fierce, and regulatory uncertainties could pose additional hurdles. APENFT will need to continue innovating and adapting to new trends to remain relevant.

In conclusion, APENFT offers a promising yet speculative opportunity for those interested in the intersection of art and blockchain technology. Like any investment, it’s crucial to weigh the potential rewards against the risks.

General Information
from price $0
Title APENFT
Symbol nft
Whitepaper -
Website https://apenft.org/
Community -
Last Updated 2025-01-21 23:51

Price Data
Current Price $ 4.91943E-7 $
High 24h 4.96088E-7 $
Low 24h 4.79449E-7 $
Price Change 24h 3.985E-9 $
Price Change % 24h 0.81661 %

Market Data
Market Cap 487449327
Total Volume 38215375
Market Cap Change 24h 7624200
Market Cap Change % 24h 1.58895 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 9.901056828774E+14
Total Supply 9.9999E+14
Max Supply 9.9999E+14

Historical Data
All Time High (ATH) 7.53E-6
ATH Change % -93.45697 %
ATH Date 2021-09-05 00:10
All Time Low (ATL) 2.98737E-7
ATL Change % 64.92533 %
ATL Date 2023-06-10 04:30