Reasons Why Apecoin is Losing Market to New Cryptocurrencies

Apecoin was created as a way for people to invest in real estate using cryptocurrencies. However, many investors have complained about how difficult it is to sell their land holdings at reasonable prices, given the high volatility of this asset class. 

Apecoin’s land sale problem has been a burden on its growth. Still, with its use of blockchain technology, Apecoin can be used to solve this challenge by providing a platform for all users to access real estate transactions and transactions through peer-to-peer networks

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Why Apecoin is Losing Market to New Cryptocurrencies
Credit: Notebookcheck

1. Evolution of new crypto assets

The reason why Apecoin is losing market share is because of the evolution of new crypto assets. Since Apecoin was first created in 2017, many other coins have come out and gained popularity. For example, Bitcoin Cash was created in 2017 after Bitcoin’s hard fork and has since grown to be one of the most widely accepted cryptocurrencies in the world.

Another example is Ethereum, which was created as a platform for creating decentralized applications (dApps). The popularity of these currencies has taken away some of Apecoin’s users, making it less valuable than before. In a very short time, Apecoin has completely disappeared from the top 10 cryptocurrencies.

The fact is that many other coins offer better security and anonymity. Many new crypto assets are coming into the market, and they are competing with Apecoin to get a share of the market. This has affected the price of Apecoin and made it lose value. The result is that many users who previously used Apecoin now prefer to use other coins. The emergence of new crypto assets is changing the landscape of the crypto market. This is especially true in the case of exchanges, where there are more than 20 new assets, including Apecoin.

2. The land sale problem

Another reason why Apecoin is losing market share is because of the land sale problem that occurred during the initial launch of the coin in 2017. At one point during this initial launch, people were able to buy land parcels for only USD $100 each; however, now, those same parcels will sell for upwards of USD 10 million each due to inflation caused by increased demand over time (which also means they’re no longer affordable for most people). This has led many people involved with this project early on to lose interest because they feel their investments aren’t worth anything anymore. 

3. Sale on flat rates

One of the reasons why people prefer other coins over Apecoin is because they can get better returns by selling their Apecoins at flat rates instead of trying to hold onto them, hoping they will increase in value over time.

This problem has caused many companies to shut down due to a lack of capital to operate their businesses. Some companies have also changed their business model from selling land at flat rates to selling it on lease bases, and this has again affected the pricing of their products in terms of value.

Final words

With the rapid development of the blockchain industry and the emergence of new types of digital assets, Apecoin has become an outdated asset. The land sale problem, which was once considered a problem that could not be solved, has now been solved by many projects. The flat rate sale of Apecoins is also a problem that can be easily solved with the help of a third-party platform.

It was created by a team of developers who wanted to solve some problems plaguing the cryptocurrency community. One of the main goals of Apecoin is to create a new way for people to buy and sell land at flat rates instead of having to pay high fees to be able to do so. Another goal is to create an evolution of new crypto assets that would be easier for people new to cryptocurrencies to understand and use.

DISCLAIMER

This article is for informational purpose and may contain a link to an external website which we have no control over. Users are advised to make a proper research before making any financial decisions.

 

About Author

Why Apecoin is Losing Market to New Cryptocurrencies
Marshal NosaCEO
I'm a professional digital marketer with over 7 years of experience in the field. I create well researched content related to finance, cryptocurrency, stocks, forex and metaverse related articles.

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