The Apollo currency (APL) is a notable altcoin that has continuously risen in the recent weeks to storm onto CoinMarketCap’s front page. The coin’s rapid 418% growth over the last seven days was enhanced on Sunday, as the token gained a further 40% overnight. Interestingly enough, something has made John McAfee endorse the coin amidst the “pump”.
John said that most privacy coins are not private anymore since the owner’s IP address is available for the general public to see any time. However, Apollo is different since it features the best IP masking solution in the entire crypto market. The token offers true privacy that translates to true freedom.
Apollo is solidly in 68th place in coin rankings.(I am obviously biased). Most privacy coins aren’t private because your IP address is still available for all to see. Apollo has the best IP masking solution on the market, offering true privacy which equals true freedom
— John McAfee (@officialmcafee) January 20, 2019
Apollo currency does not aim for niche specialization. Instead, it targets to build a one-stop shop that covers the whole spectrum of the crypto and blockchain services. Stephen McCullah, the project’s director of business development, believes that Apollo will soon rise into the top twenty rankings and knock most of the top coins off their perch.
I get asked all the time, “do you really think Apollo can compete with the top 20 cryptocurrencies?”.
— Stephen McCullah (@SMcCullah) January 16, 2019
The Meteoric Rise
The Apollo (APL) started trading in July 2018 and has fluctuated widely since then. Its market cap data was not acquired officially until September when its full circulation became known to the public. The full circulation data immediately valued the Apollo token at a market cap of $30 million.
In December, the coin shrunk to a market cap of around $6 million. However, the figure now stands at around $46.5 million boosted by last week’s 418% surge. The surge pushed the coin price from $0.000714 all the way up to $0.003703. Apollo is so far ranked as a great performer of 2019 joining several other altcoins that currently make up an increasingly unrecognizable top hundred list.
The Redditors Bashing
Apollo is described as the “all-in-one cryptocurrency” that has everything. As noted by a Redditor, the token has sharding, smart contracts, has the best privacy features, and much more. Although the team talks about Apollo’s amazing features in all their communities, they have none of these features currently and they are all promises.
The development team has no viable proof of competence and their website runs entirely on Wix. The Redditor also claims that Apollo is an NXT fork that has reduced the block time down to 2 seconds. It is also claimed that they have changed the NXT code significantly making it an already existing feature of NXT that is hiding under a different name.
The Redditor believes that the APL team has been pumping the coin as hard as they can which resulted in the recent parabolic rise in price. The developers keep on praising their APL creation and ask people to buy since the coin will soon replace Ethereum and XRP at the top. Anybody who criticizes them and asks people to take profits and leave is immediately banned from their community without any explanation.
There are allegations that the founders of APL have been dumping as much of the coins as possible during the pump on investors as they continue to promote the buying hype with fake news. This is a recurrent behavior since the team has already dumped coins in the past. Although McAfee has endorsed this digital token, some investors and analysts are not convinced that Apollo will succeed as its founder and development team promises.
More on top, the same Redditor states:
“Steve McCullah also has no degree and continuously lies/changes his Linkedin profile/experience to exaggerate his experience and make it look like he has some sort of coding/tech knowledge or has done anything other than run scams in the past.”
And then shares the video where, according to the video creator, Steve McCullah has lied again and altered his LinkedIn (starting 5 min 18sek):
Apollo Explainer Video:
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