The APE token has a maximum supply of one billion, with a circulating supply of 227.5 million at the time of writing. According to CoinGecko, the ApeCoin price hit an all-time high of $17.17 on March what is apecoin 18th, 2022. The ApeCoin price surged by more than 100% from the all-time low of $6.21 just one day prior. At the time of writing, ApeCoin is trading at around $12.21 with a market cap of 3.3 billion.

Michael Peres is a technology investor, a Web3 enthusiast, and a writer. You will find a lot of information surrounding the ApeCoin cryptocurrency by following this influencer, as it is a token talked about a lot on the Twitter page. If you want to remain updated on the crypto sphere, as well as the APE crypto, this is a worthwhile https://xcritical.com/ influencer you can follow. Jake Gagain is another ApeCoin influencer, content creator, and crypto investor worth following if you have a genuine level of curiosity in regards to the ApeCoin cryptocurrency. You will find a lot of educational content on this page, as well as a lot of relevant data surrounding APE.

There will be the opportunity to delegate a vote to another user if a holder supposes that they have a better chance to promote the decision. APE is also a utility token that will give access to new products launched within the Ape Ecosystem, including play-to-earn games. ApeCoin is a very recent cryptocurrency with a lot of its features and functionality still to come. Despite that, the token is already doing well and has significant backing through its parent companies and platforms — both financial and socially, with many backers in the form of household celebrity names. ApeCoin is set to be used across the DeFi space, as a utility token in the decentralized community, as in-game crypto for Yuga Labs’ games as well as those from other developers, and more. Thanks to its adaptability, ApeCoin could become a crypto used across many blockchains and platforms, potentially bringing more unity to the space and more value to itself and its ecosystem.

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Moving ApeCoin away from this ecosystem could be detrimental to its health and the DAO’s goals of growing the ecosystem. Nftrank_xyz is an NFT enthusiast that has over 58.7K followers and is a huge supporter of the Bored Ape Yacht Club , which is a part of the ApeCoin ecosystem. What this means is that you will be able to find a lot of relevant data here surrounding the cryptocurrency.

• In this article, we’re going to dive deep into ApeCoin , the primary unit of account and medium of exchange for Bored Ape Yacht Club members.
• Since listed on MEXC in 2022, APE reached the highest price of 26.19 USDT in April 2022.
• The creators of the collection, Yuga Labs, have expanded considerably.
• The sale went viral, and helped raise $320 million within just 45 minutes.
• During the initial sale, each BAYC NFT cost 0.08 ETH, and there were no price tiers.

Governed by the ApeCoin DAO, ApeCoin is a token for culture, gaming and commerce that the community owns and can build on. APE will be a cryptocurrency focused on strengthening the club’s community aspect. Culture has found new expression in web3 through art, gaming, entertainment, and events. The possibilities for blockchain’s impact on culture are so endless that they can’t possibly all be predicted yet.

APE Foundation allocated 15% of this to holders of BAYC and MAYC, with BAYC holders eligible to claim 10,094 APE per NFT and MAYC holders eligible to claim 2,042. Besides, the rest will be released as part of the “ecosystem fund” of the DAO. The Otherside metaverse is an ordinary, bright, and diverse landscape. It consists of 200,000 parcels of “land” that can be acquired by the purchase or minting of “Otherdeeds” — non-fungible tokens that serve as title deeds for the parcels of virtual land. ApeCoin ($APE) was required for participating in this highly awaited metaverse to mint Otherdeeds.

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ApeCoin is the utility and governance token of the APE ecosystem economy. Also, APE is a decentralized protocol layer and an ERC-20 token that aims to empower the APE community. Holders can vote on proposals to make changes to the ApeCoin ecosystem via the ApeCoin DAO .

It is possible that there will be several activities within its network that could have a reasonable impact on the price of its token. We do not expect that a year will be enough for ApeCoin to become a popular cryptocurrency. It has benefited from the popularity of The Bored Ape Yacht Club but that is just about it. As per our ApeCoin price forecasts, we believe that the minimum price should not be below $10 while the maximum price will be in the region of $28 per token.

In the long run, the growth of ApeCoin will depend on the development of its ecosystem and utility. After the initial 6-month term, DAO members will vote annually to keep existing or appoint new Board members. ApeCoin token holders can also remove or replace a Board member at any time with a majority “In favor” vote.

ApeCoin Price Prediction 2024

It is clear that ApeCon has increased in value rencelty but it still needs to show an uptrend to sustain its bullish momentum. Judging by our predictions, we’ve already stated that they are sentimental suggestions of how the price will improve. We are hopeful that the ApeCoin ecosystem will advance and that the value of the coin will improve as we have predicted, but there is a good chance that things will turn out differently. The coin may perform better than we’ve predicted or worse than any of us can imagine. If ApeCoin network will improve in the manner we anticipate, the minimum price of APE in 2026 could be up to $26.50 while the maximum price should be in the region of $36.

ApeCoin is used to facilitate all transactions taking place in this virtual world. ApeCoin’s supply is fixed at 1 billion APE, meaning tokens cannot be mined or burned. APE is poised to be deeply integrated with Yuga Labs’ metaverse project, Otherside, where it could be used for any transaction within the environment. If Otherside eventually incorporates a P2E mechanic, APE could be given as rewards to players.

The Board is responsible for overseeing the decisions of DAO members. Yuga Labs – Yuga Labs is a web3 company best known for the creation of the Bored Ape Yacht Club. It will be a community member in the ApeCoin DAO and will adopt APE as the primary token across new projects.

Here we go over what ApeCoin is, how it works and the roles it plays in the NFT ecosystem. Bored Ape Yacht Club , is almost a household name at this point and the latest NFT collection, Mutant Ape Yacht Club , is no less popular. The team recently released its proprietary cryptocurrency, ‘ApeCoin ,’ which has attracted considerable interest since its debut. Since listed on MEXC in 2022, APE reached the highest price of 26.19 USDT in April 2022.

How to buy ApeCoin?

The average price for the year is expected to be about $31.85 per token. There is a good chance that the price of APE will start rising at an interesting rate in 2024. It is expected that the minimum price of the ApeCoin will be about $18 while the maximum price will be in the region of $31. The average price of the coin for the year should be in the region of $26.65. Now that you have a little background information on ApeCoin and how the price of its token has performed in the past few days, it is time to consider how it can perform in the coming years.

There is a general belief in the blockchain industry that cryptocurrencies will go mainstream before 2030. The chances of this happening are getting higher by the day and we believe it may happen before 2030. In any case, we believe that cryptocurrencies going mainstream will be a good thing for all projects, including ApeCoin. For our actual ApeCoin price prediction for 2028, the minimum value of the coin is expected to be not less than $35. We also believe that the coin will reach a maximum price of about $44.

For those of you affected, we appreciate your willingness to build alongside us – know that we’ve got your back and will be refunding your gas. I want to push heavily that I am against any sort of complacency and am really hoping for more discussion toward staying on the ETH chain, but migrating from L2. The start date would be immediate, with any competing AIPs withheld until after a period of 3 months following the acceptance of this AIP. ApeCoin MUST remain within Ethereum, or within an L2 scaling solution that is secured by the Ethereum blockchain. While this proposal makes no such recommendation for ApeCoin other than remaining on Ethereum, it does not preclude subsequent AIPs from suggesting a move to an L2 scaling solution secured by Ethereum. There are few examples of migrating an ERC-20 and its attached ecosystem successfully to another chain, and there may be many risks of loss along the way.

The APE Foundation

People who enjoy gaming, the arts, and other forms of entertainment are more likely to use this cryptocurrency, so its long-term viability is promising. APE is still a young token, so it’s hard to say yet where its price will go in the months to come. The asset demonstrated great success in the first couple of days and managed to stay on the Top 40 crypto list. The fact that it was instantly listed on all major exchanges and the big plans of the Ape Ecosystem make us believe that APE is here to stay. As ApeCoin is an ERC-20 token, you can also use Metamask to buy and trade the token.

The price has fluctuated so much and the price is a little too much for a new cryptocurrency. If our hopes for ApeCoin can come true, the value of the token is expected to rise significantly before 2029. But going by our conservative and sentimental outlook, the minimum price of the coin should be about $39. From what we’ve seen so far, it is easy to believe that the creators of ApeCoin can develop a spectacular blockchain infrastructure for the coin and the several NFT collections within its ecosystem.

ApeCoin 2022 Value Data and Price Prediction

In addition, Yuga Labs pledges a donation of ten million tokens from this allocation to the Jane Goodall Legacy Foundation charity. The ApeCoin allocation will see 62% of APE tokens distributed to the ecosystem fund. Of this amount, BAYC and MAYC NFT holders received an airdrop of 150 million APE tokens. All of these tokens were made immediately available following the ApeCoin launch. Also, APE holders can gain access to exclusive perks, including games and special events.

How Much Will ApeCoin Be Worth In 2022 And Beyond?

Since ApeCoin is an ERC-20 token, it runs on the Ethereum network. The BAYC and MAYC collections distributed over $800 million in assets to their owners as part of the available 150 million tokens. Eventually, every BAYC owner received 10,094 tokens worth between $80,000 and $200,000.

ApeCoin, ApeCoin Price, Bored Ape Yacht Club (BAYC)

Five people from the technology and cryptocurrency communities make up the APE Board. Trader Fred is an ApeCoin influencer that has a huge follower base of over 14.1K followers. You will find a lot of ApeCoin-related data and content on his Twitter feed.