ApeCoin (APE) seems to be ignoring the push that the broader crypto market is making that enabled many cryptocurrencies record significant price increases during the previous 24 hours.

In fact, the digital currency that currently ranks 35th in terms of market capitalization has gone down by 3.1% for its intraday performance as it once again fell below the $4 marker.

According to latest information from Coingecko, at the time of this writing, the asset is trading at $3.99 and its weekly and bi-weekly gains have now dropped to 15.2% and 33.2%, respectively.

Over the last 30 days, ApeCoin has declined by 15.7% as it continues to struggle and although the prevailing crypto winter and the implosion of FTX are some of the possible reasons for this, some experts believe there’s more to it than just these.

(By Christian Encila)