ApeCoin remains one of the best crypto projects in 2024. The digital currency ApeCoin was inspired by the well-known digital collectible Bored Ape Yacht Club (BAYC) from Yuga Labs.
Since its inception on March 17, 2022, the cryptocurrency has attracted the attention of millions of traders and investors worldwide.
ApeCoin is the first digital asset made specifically for an NFT. In March 2022, it increased BAYC’s sales volume significantly to around $260 million in monthly volume.
Axie Infinity, the Sandbox, and Decentraland served as inspiration for the developers. These are decentralized applications (dApps).
The coin’s insignia bears a striking resemblance to a few of the 10,000 distinct digital artifacts included in the BAYC.
You should think about investing in ApeCoin if you’re a newbie or expert trader searching for the next big cryptocurrency that’s going to blow out. This is due to the abundance of possible price drivers that may materialize in the future and make it worthwhile to invest time and money in ApeCoin.
The coin returned more than 1,200% to early investors in less than a month. What’s more, investors that bought APE on January 1, 2024, saw a 60% rise in their capital during March. APE reached a yearly high price of $2.6516 in March 2024. ApeCoin will continue to provide returns for investors due to the potential of its ecosystem.
It would be a good idea to invest in ApeCoin at this moment given that the values of popular cryptocurrencies like Bitcoin, Ether, and others began to rise near the end of March.
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So, is it wise to purchase ApeCoin?
Here are some factors to think about that can help you decide whether or not to invest in ApeCoin if you’re not sure if you should.
The Best Arguments for Investing in ApeCoin Crypto
There are a lot of reasons, most of which you have probably never considered, why you would wish to invest in ApeCoin (APE).
Following a comprehensive examination of the ApeCoin ecosystem, we have determined 10 compelling reasons to invest in APE.
ApeCoin’s Enjoys Assistance from a Powerhouse Non-Fungible Token (NFT)
ApeCoin actively relies on the influence of Yuga Labs’ Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC).
ApeCoin is an ERC20 coin on the Ethereum Network. Ethereum became a Proof-of-Stake (PoS) network in September 2022. This has gone a long way toward improving the scalability of the chain and the protocols running on it.
Had the token not modeled apes, it would have relied solely on conjecture (supply and demand).
The link between ApeCoin and the Bored Ape Yacht Club is advantageous to both parties.
Sales of the NFT fell by 64% as of the token’s March 17 launch date, from $311 million in January 2022. In February 2022, BAYC’s entire sales volume was estimated to be over $110 million.
The introduction of ApeCoin (APE) changed the course of BAYC’s fortunes after the company had difficulty finding distinct buyers in the first two weeks of March 2022.
The number of unique buyers decreased from 815 in January to 310 in February. It experienced an 82% increase in February to reach 565 in March 2022.
In the latter two weeks of March, BAYC saw a spike in demand for APE, which helped the company end the month with almost $277 million in sales.
While global NFT market sales have fallen substantially, BAYC will continue to hold the market in 2024. Sales for January were about $17 million, rose to around $21 million in February, and increased further to approximately $42 million in March. It dropped to roughly $25 million in April. Total sales for May were around $7 million as of this writing.
A spike in demand for digital art in the near future will correspond to a price rise in APE.
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ApeCoin’s Capitalization Is Outstanding
Market capitalization aids in indicating to investors how big a cryptocurrency project is.
Since it shows what the market is prepared to pay for a specific coin, it aids investors in making predictions about the future performance of an asset.
APE is already worth more than several well-known cryptocurrency projects, having gained this valuation less than a month after being regarded as a trade asset.
Kava (KAVA), Livepeer (LPT), Blur (BLUR), Enjin Coin (ENJ), Compound (COMP), 1inch Network (1INCH), Terra (LUNA), Zcash (ZEC), and Dash (DASH) are a few of these cryptocurrencies.
With over 400 million coins still up for grabs, there’s a very good probability that the price of APE may rise significantly in the future. With a daily turnover of at least $400 million, favorable sentiment in the cryptocurrency market has the potential to propel APE’s market value above $10 billion, classifying it as a large-cap digital asset.
Major Crypto Exchanges List ApeCoin
Purchasing a token that millions of others cannot readily obtain is among the worst things that may happen to you as a trader or investor.
Fortunately, ApeCoin is very easily found on well-known exchanges. It is very uncommon for a digital product to accumulate this many miles so quickly.
On the day of its introduction, eToro added APE to its expanding list of supported cryptocurrencies.
Apart from that, a few hours prior to its introduction, Binance, the biggest cryptocurrency exchange by volume, declared support for APE. The trading of APE is supported on the platforms of other centralized exchanges such as Bybit, HTX Global, OKX, Bitget, Coinbase Pro, DigiFinex, BitMart, KuCoin, MEXC Global, Gate.io, Kraken, Crypto.com, Upbit, Currency.com, Bitfinex, Ox Protocol, Gemini, Bithumb, and Bitstamp.
APE trading via crypto wallets is supported by decentralized exchanges like Uniswap (UNI) and SushiSwap (SUSHI) in addition to centralized exchanges (CEXs).
Ethereum Ecosystem Houses ApeCoin
Vitalik Buterin’s chain is still the preferred blockchain for creating smart contracts, notwithstanding the successes of Solana, Polkadot, Algorand, Avalanche, Binance Smart Chain, and the TRON network over the past years.
Ethereum has remarkable development activity as of May 2024. The chain is among the top ten technologies for which the greatest number of developers are creating new apps. It had a figure of 298.3.
Other projects with the most developer activity included Kusama (KSM), Polkadot (DOT), Internet Computer (ICP), Cosmos (ATOM), Chainlink (on Ethereum), Cardano (ADA), Hedera (HBAR), and Optimism.
This is the main cause of Ethereum’s total value locked (TVL) of $55 billion as of May 19, 2024.
APE interacts with various facets of the cryptocurrency finance industry as a member of the Ethereum Network. Decentralized exchanges (DEXs) on Ethereum, including Uniswap and SushiSwap, list the token for trade.
In addition, a number of stablecoins that are compatible with APE during bear markets operate on the Ethereum Network.
Furthermore, the Ethereum blockchain is home to the digital collectibles for the Bored Ape Yacht Club (BAYC).
Apart from using Ether (ETH) to buy some of the 10,000 unique Bored Ape NFTs, there’s a very good probability that APE will be available as a payment option in the not-too-distant future.
Furthermore, decentralized apps like Yearn Finance, Aave, Maker, Compound (COMP), and Curve (CRV) are constantly searching for liquidity providers (LPs).
You can exchange your APE tokens for these protocols’ unique tokens and get respectable yearly percentage returns.
Consequently, buying in APE shouldn’t give you the willies because there are a number of opportunities on the Ethereum Network that could benefit ApeCoin.
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Demand from Investors for ApeCoin Is Still Very High
Trading volume is always an indicator of investor demand. As a trader, you should be aware that currency values rise in response to increases in trading volume and fall in response to declines in trading volume.
Fortunately, a number of sources, like CoinGecko, and CoinMarketCap, track cryptocurrencies. Through these platforms, you can examine the amount of money that a certain coin encounters on a daily basis in detail. This will give you the confidence to choose your token of interest wisely.
On the day of its debut, APE’s trading volume was around $2.3 billion. On March 18, 2022, there was a 277% gain, reaching over $8.9 billion. When more than $766 million worth of cryptocurrencies was invested on March 31, APE had its lowest trading volume ever.
Crypto winter took over the market when Russia invaded Ukraine in February 2022. Three months after that, in May 2022, the DeFi world saw the crash of UST, the algorithmic stablecoin behind the Terra Luna ecosystem.
After five months, the Sam Bankman-Fried-led crypto exchange also collapsed. This significantly reduced the crypto industry’s overall total market capitalization. This led to a massive decline in the daily trading volumes of all cryptocurrencies.
Despite the bears, APE continues to see millions of dollars in daily trading volume. Through May 2024, the coin had a minimum daily trading volume of $25 million.
Overall, its best daily trading volume for 2024 was around $250 million. This should demonstrate to you that investors still believe in the token.
This allows you to invest in APE with the assurance that a trader is always waiting to fulfill your request at the other end of your transaction.
It is really impressive to see ApeCoin sustain its trading volume range in a market with over 2.4 million digital assets.
Positive Reserve Risk of ApeCoin
Reserve Risk Analysis yields two results: an investment that is appealing and one that is not.
If investor confidence exceeds the asset’s price, an investment may be deemed appealing.
If investor confidence is less than the asset’s price, an investment may be deemed unappealing.
As a result, a cryptocurrency cannot be deemed an appealing investment even if it trades for $10,000, and there is little investor confidence in the asset.
The biggest market for APE is Binance, where daily token volume is recorded at over $50 million during bears. During bullish times, it was more than $100 million. Other great markets where trading volume is high are Bybit HTX Global, OKX, Bitget, and Coinbase Pro.
Investors are confident in APE despite its low trading value relative to Ethereum (ETH), Binance Coin (BNB), and Bitcoin (BTC).
Based on the given facts, you can conclude that making an attractive investment in APE with a sum of money that satisfies your objective is possible.
There Is a Big Community Supporting APE
A strong community is essential for the survival of any cryptocurrency or initiative.
Without the efforts of their supporters, Bitcoin and Ethereum could not command such enormous market capitalizations.
Like the majority of coins on the Ethereum network, ApeCoin is used as a governance token. This implies that several ApeCoin community members can participate in important choices regarding the project’s future.
Through social media sites like Reddit, Twitter, Discord, Telegram, Instagram, and Facebook, they keep promoting the token to new users.
The billions of users on these channels have made it simple for those who are skeptical of the ApeCoin initiative to locate value. This is the main cause of the positive reserve risk and the daily inflow of millions into APE across the more than 50 exchanges that facilitate trading.
The use of hype in cryptocurrency trading has become crucial. That does not imply that investing in cryptocurrencies should be based solely on conjecture.
Make the decision to repeatedly read this post and invest in ApeCoin now that you are aware of the project’s metrics.
The ApeCoin Ecosystem Is Expanding
If someone had told you in 2016 that Vitalik Buterin’s innovation would become so significant, you would not have taken them seriously.
After taking inspiration from Satoshi Nakamoto’s blockchain technology, Ethereum made the decision to become more than merely a system for settling small-scale financial transactions.
The project team consequently created an ecosystem that has made it possible for the underbanked and unbanked to participate in the financial system through decentralized financing.
Similar to this, ApeCoin has a modest beginning but has the potential to grow its ecosystem through innovative uses.
Who knows, perhaps ApeCoin will follow in the footsteps of Justin Sun’s Tron or Chanpeng Zhao’s Binance. How did TRON and Binance respond to Ethereum’s dominance in the DeFi industry? The two projects went onto their own blockchains after beginning as ERC20 tokens on Ethereum.
These days, Ethereum is up against these two chains in every field of the cryptocurrency world.
Yuga Labs, the team behind ApeCoin, launched the Otherside Metaverse to support the project.
Otherdeed NFTs are minted from the Otherside Metaverse. During Q1 2024, Yuga Labs launched Apes Come Home to boost its innovative metaverse experience. The highlights of this were to give holders of NFTs such as BAYC, Mutant Ape, GTag, Kodas, and Otherdeed a gist of what will be coming in the future.
By purchasing ApeCoin now, you may eventually participate in decentralized exchange, yield aggregation, cloud storage, insurance, Oracle solutions, the metaverse, and the entire Web3 space.
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It’s Quick and Simple to Invest in ApeCoin
Exchanges for cryptocurrencies that allow three-way accessibility are where you may find ApeCoin.
eToro, Binance, and OKX offer access through desktop web browsers and mobile apps available on iOS and Android app stores.
In this manner, you can purchase any quantity of APE by utilizing a variety of payment options, including bank cards, bank transfers, and e-wallets like PayPal, Skrill, and Neteller.
Your order will be processed and fulfilled in a matter of seconds.
In addition to centralized exchanges, Uniswap and SushiSwap offer quick ApeCoin purchases.
To store and transfer APE, all you need to do is locate a cryptocurrency wallet like TrustWallet.
You can link your wallet to any of the two decentralized exchanges after you have Ether (ETH).
Any quantity of APE that you order will be added to your cryptocurrency investment portfolio.
ApeCoin Is Much Underappreciated
APE is trading below $10 at the time of writing. APE ought to be fetching a minimum price of $50 for such a well-known cryptocurrency that has the support of all the main cryptocurrency exchanges.
As the second quarter takes shape and the third and fourth quarters approach, ApeCoin will establish a number of collaborations.
As it has with several cryptocurrencies, Grayscale may actively seize the opportunity with APE by creating a dedicated Trust for it.
So far, assets that Grayscale supports are Zcash, Stellar Lumens, Solana, Livepeer, Litecoin, Filecoin, Decentraland, Chainlink, Bitcoin Cash, and Basic Attention Token.
APE can only anticipate a bright future as rumors of several integrations of the token by major firms and video game producers continue to circulate online.
Crypto casinos actively engage with the online gambling sector, presenting a fascinating topic.
Cryptocurrency enables you to bypass restrictions from your central bank, which prohibits using your bank card on online gambling sites.
You are able to make payments using your cryptocurrency wallet. APE is accepted as a token for both deposits and withdrawals at a number of cryptocurrency casinos, including BC.GAMEs.
APE may reach the level predicted by experts and analysts if the potential of cryptocurrency casinos becomes widely known and millions of retailers integrate APE.
For many traders, investing in tokens at a discount has resulted in enormous profits. Purchasing ApeCoin, a cheap cryptocurrency, may benefit you as well.
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Additional Top Reasons Why You Should Invest in ApeCoin Crypto
Here are some of the other top reasons you should consider when investing in ApeCoin.
ApeCoin (APE) Offers Spending Unification
It’s possible that you’ve read a number of articles about topics like whether investing in ApeCoin is a good idea and whether you should buy ApeCoin. Millions of people never stop to wonder: What makes cryptocurrency valuable?
You should be aware that 21st-century money is referred to as representational money.
Since they have no inherent value, the people who live in a particular area place their value in the faith that they have in them.
Now that we are in agreement, you should be aware that a currency has value because of six characteristics. They are durability, utility, non-counterfeitability, transferability, divisibility, and scarcity.
One cryptocurrency wallet can send and receive ApeCoin (transferability).
You can split digital currencies to eight decimal places. If you are unable to purchase an entire APE, you have the option to purchase fractions of the token (divisibility).
ApeCoin is non–counterfeitable, meaning it cannot be copied or spent twice. Since it has been in existence for more than ten years, the blockchain on which Ape Coin is based has not been compromised, making it resilient.
One billion tokens is the fixed total and maximum supply of APE. Scarcity will take hold once every token has been bought, pushing the price to all-time highs.
Utility is the most significant factor of all. Money cannot be considered valuable if it cannot be used to pay for goods and services.
The Benji Banana game offers APE its first taste of usefulness by allowing in-game purchases.
The coin’s development team actively plans to integrate the cryptocurrency with numerous games and markets they will introduce to their ecosystem.
The value of APE will positively reflect the resulting effect.
The marketing strategy for APE is promotions
Airdrops are among the greatest methods to stay involved with a project and get free tokens.
Airdrops are a calculated method of distributing fresh tokens to a targeted audience, usually comprised of non-fungible token (NFT) holders, exchange faithfulists, and users of specific cryptocurrency wallets.
While there aren’t any airdrops for ApeCoin at the moment, you may have missed some. The ApeCoin airdrop campaign ended in June 2022, having started in March of the same year.
Around 150 million APE tokens were airdropped by the coin’s development team to members of BAYC and MAYC.
Up to 10,094 APE tokens were claimed by BAYC and MAYC owners.
Many NFT enthusiasts therefore had a chance to receive free tokens valued at about $121,000 at the time.
The number of unique purchasers of Mutant Ape Yacht Club and Bored Ape Yacht Club increased massively as a result of this.
ApeCoin actively drives various NFT enterprises, and the surging transaction counts, which have boosted sales volumes, will significantly enhance the innovative coin powering the ecosystem.
It wouldn’t be shocking to see a massive inflow of unique purchasers overwhelm MAYC and BAYC, propelling ApeCoin to new all-time highs should another airdrop come along the way.
By the end of 2024, investing in ApeCoin may yield returns on your cash that are multiplied.
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Key Opinion Leaders Support ApeCoin
In 2021, Vitalik Buterin’s affiliation with Shiba Inu (SHIB) through the Shiba Foundation enabled the token to soar to new heights. Alexis Ohanian, a general partner and creator of Seven Seven Six, in addition to being a co-founder of Reddit, supports ApeCoin. He’s affiliated with the ApeCoin Fund.
Dean Steinbeck, President and General Counsel of Horizen Labs; Amy Wu, Head of Ventures & Gaming at FTX; and Maaria Bajwa, Principal at Sound Ventures, are among the other well-known individuals who are members of the Ape Foundation.
The scope of work for these people encompasses every aspect of the cryptocurrency financing industry.
Furthermore, they are the people to follow on social media for information on the direction the financial world is taking and have a sizable following.
Because of this, you can invest in ApeCoin (APE) with the knowledge that there is very little to no risk of the project failing.
These people have made significant contributions to the development of social media businesses, financial technology solutions, and cryptocurrency exchanges that are still fostering thriving communities.
One of the main arguments in favor of investing in ApeCoin is these well-known people.
Introducing You to the Metaverse with ApeCoin
Users can connect with other users and computer-generated settings in the Metaverse, a virtual reality arena.
Joe Swartz of MarketWatch estimates that the metaverse is an $8 trillion industry.
According to Grayscale, a company that has established multiple cryptocurrency Trusts, the metaverse is a trillion-dollar market economy.
Axie Infinity’s 2021 sales volume rise was mostly due to the significant significance that video games play in the metaverse.
By the end of 2021, Axie Infinity’s unique tokens, AXS and SAND, had risen in value due to in-app purchases and the Sandbox.
ApeCoin plans to diversify into a variety of video game and entertainment products.
Video games with blockchain technology are becoming more and more popular.
Decentraland, Axie Infinity, and the Sandbox possessed the initial advantage. Despite this, ApeCoin stands to gain significantly from the advancement of the metaverse.
Ultimately, the price of the token will resemble that of AXS and SAND if its used for in-game transactions. AXS and SAND hit new all-time highs of $165.37 and $8.44, respectively, in November 2021.
Should you buy ApeCoin?
The cryptocurrency’s success does not always stem from ApeCoin’s popularity or that of the BAYC and MAYC.
Never forget that using crypto carries a high level of risk. It is possible that you will lose all of your money in a short amount of time.
You should be aware that there are two aspects to investing in ApeCoin: risk and return.
Always keep this in mind: Do the probable benefits of investing in ApeCoin outweigh the risks and potential consequences?
You can invest in ApeCoin for an amount of money you can write off as bad debt. So long as the rewards outweigh the risks.
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So, is ApeCoin a buy?
You might want to think about investing in ApeCoin right now for the reasons mentioned above. It is, however, your responsibility to carry out independent research.
Reading more about APE will enable you to determine whether investing in APE is a wise financial decision. ApeCoin is trading for a relatively lower price when compared to other metaverse tokens.
As a result, it is a buy, since forking out $1,000 can get you many coins. Should Web3 hit an uptrend in the future, APE could become the coins that brighten your portfolio.
Frequently Asked Questions: 10 Reasons Why You Should Invest in ApeCoin (APE)
Here are some of the most frequently asked questions about the ApeCoin project.
Is APE a good buy right now?
Yes, ApeCoin is a buy right now. There wouldn’t be any right time to get your hands on this undervalued cryptocurrency.
Yuga Labs’ roadmap actively outlines adding more applications to the ecosystem in 2024 and beyond.
They opened the Otherside Metaverse to a new game.
This game has been trending online for the past five (5) months of 2024. ApeCoin has upside potential. A $5,000 to $10,000 investment could see a double, triple, quadruple, quintuple price change.
What is the future of the ape coin?
The future of ApeCoin as a project is clear, and so is the future of cryptocurrency. ApeCoin is an integral force in the metaverse because of its association with the Other Side.
Through Otherdeed, BAYC, and MAYC, ApeCoin is also a strong force in the NFT industry. It will also contribute to future blockchain-based games. All of these will make APE a valuable digital asset.
The coin’s demand as a transactional currency will undoubtedly have a positive impact on its future valuation.
How much is ApeCoin worth in 2025?
Hundreds of outlets have forecast ApeCoin’s value in 2025. Combining fundamental and technical analysis, here are ApeCoin Price Predictions 2025.
According to Changelly, APE could reach an average trading price of $2.28. The digital asset can trade for minimum price of $2.20. It could also trade for a maximum price of $2.65 by the end of 2025.
Analyst Elena R. at CoinPedia predicts that APE will exchange hands for the best possible price of $5.
Coin Price Forecast predicts that ApeCoin will reach $3 by the end of 2025. According to digital coin price estimates, ApeCoin could reach $3.22 by the end of the year 2025.
Will APE Reach $1,000?
Yes, ApeCoin could earn a $1,000 price in the future. As of May 2024, the digital asset needs to cross certain milestones. These milestones are $100 and $500.
After APE surpasses these values, it can actively target the $1,000 milestone.
Based on our research on the project, we can confidently predict a price of $50 by the end of 2026. This can be done if there are fair market conditions and ecosystem expansion.
As of this publication, no forecasting portal (using fundamental or technical analysis) has predicted that APE will reach $1,000.
ApeCoin Price Prediction 2030
According to Digital Coin Price, APE could reach the maximum price of $2.71 by the end of 2030.
According to Coin Price Forecast, APE could trade for $2.37 by the end of 2030.
Elena R. at CoinPedia forecasts ApeCoin to reach the biggest possible price of $4 before 2030 ends.
Coin Codex analysts forecast APE to trade for a regular price of $2.32 by the close of 2030.
