Apollo (APL) Price 2020
The current price of Apollo fluctuates around $0.000622; the total market capitalization is $9,136,097 or 1,054 BTC, which makes Apollo one of the 350 most popular digital currencies as of January 2020. The circulating supply is 14,685,096,531 APL, while the total supply is 21,165,096,531 APL. The daily trading volume is around $1,823,277 or 210.30340114 BTC. Apollo is trading on several major markets, yet the most active exchange that trades APL is BitMart.
The all-time high of Apollo, $0.009139, was reached on September 09, 2018 – outside the most famous cryptocurrency bull-run of Winter 2017-2018. On the other hand, the all-time low of APL, $0.000375, occurred way back on November 24, 2018. Currently, the estimated ROI (return on investment) of Apollo is -65.64%, which means that $100 worth of APL bought at the time of the Apollo launch would not yield any profit today.
The most recent price trend of Apollo appears to be somewhat negative. In 24 hours, the price of APL fell by -8.87%, while the 7-day price dynamics of Apollo shows a -6.90% decrease in the price of APL. The price predictions for Apollo are usually not that optimistic. According to WalletInvestor, Apollo has been caught in a bearish cycle for the past year and is a bad long-term investment. In one year from now, the price of APL may be as low as $0.000082.
What is Apollo (APL)
Apollo Currency (APL) is a privacy-focused cryptocurrency that was created as a fork of the NXT platform on January 14, 2017. Apollo Currency is pre-mined and runs on a Proof-of-Stake (PoS) consensus mechanism. With the speed of 1-2 seconds per transaction, Apollo is one of the fastest cryptocurrencies on the market. A remarkable feature of Apollo is that it does not suffer from blockchain sustainability issues, such as blockchain bloat, like the rest of blockchains on the market. Simply put, the speed within the Apollo blockchain grows proportional to the number of users, while for the majority of blockchains, it works the other way around.