2022-3-28 11:28 |
Its growth may have started to decelerate, but it has far from vanished. What’s more, it’s out of the ascending triangle and is approaching $15 per APE.
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What is ApeCoin?ApeCoin is an ERC-20 governance and utility token whose holders are self-governed via a framework controlling the ApeCoin DAO. The APE Foundation manages proposals they agree on.
The foundation received a unique NFT as a present from Yuga Labs, who created the famed BAYC series, along with all rights and privileges to it. Again, it’s ApeCoin DAO members who decide how to use this intellectual property.
There are 1 billion APE tokens in circulation in total. This supply is minted all at once and permanently fixed.
Just under a third was put in circulation on March 17 this year, the day ApeCoin launched. Their number will increase gradually over a 48-month period at regular intervals.
Should I buy ApeCoin today?ApeCoin can definitely be worth investing in if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take your risk tolerance into account. Don’t take any price predictions at face value.
ApeCoin price predictionCrypto Academy sees ApeCoin trading in the range of $50-$60 by the end of this year. They predict it can reach an all-time high of $80 in 2022. If their prediction is correct, this is far from the end for APE!
ApeCoin on social media#APE is out of the ascending triangle 🦍 #apecoin #FollowForUpdates pic.twitter.com/01P6qSrFcW
— AlekCrypto (♦️,♦️) (@Alek_crypto) March 28, 2022
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