What is Apecoin?: The individuals are now taking more interest in crypto, NFT and related fields than the 7 years ago. They understand the potential of cryptocurrency and NFT, what they have in the coming years. Several countries even started to legalize the use crypto currencies in several purposes. Therefore crypto has been the hot topics in the current market.
Apecoin, one of the cryptocurrencies generated from NFT project has gained a lot of popularity in the recent months. Apecoin is a decentralized cryptocurrency, launched in March 2021.
Talking about the same, it is a crypto used through programs such as arts, entertainment and gaming. This article will give you complete information about Apecoin (APE). To know what is the future of Apecoin and where to buy Apecoin, read the complete blog.
What is Apecoin (APE)?
Apecoin is a cryptocurrency that runs on the Ethereum block chain and affiliated with Non-fungible Token (NFT) project known as BAYC. Talking about the same, it is ERC-20 governance. For the unversed, the Apecoin is originated from the most popular NFT project known as BAYC (Bored Ape Yacht Club). The very acclaimed company, Yuga Labs founded the project, which is located in Miami, Florida.
In the ecosystem of BAYC, users access the token and utilize them for several purposes. Essentially, the token affiliated with this project is governed by the Apecoin DAO (Decentralized Autonomous Organization), structured to control and regulate the functions like governance rules, fund allocations, projects, partnerships and others.
There are several benefits that one can avail after holding Ape coin token. Usually, the individuals holding the Ape coin token have the right to vote in governance of BAYC ecosystem. The BAYC is one of the successful NFTs projects on the blockchain until now. 10,000 original cartoon monkey drawings are included in the collection, each with its own appearance and feel, and with the ownership of each one being confirmed on the blockchain.
Who Created Apecoin (APE) | Apecoin Founder Name
Apecoin is launched through BAYC, an ecosystem developed by Web3 company, Yuga Labs. Apecoin DAO project was launched in April 2021 and has earned viral popularity in the crypto market.
Although, the token was launched in April 2021, it was projected in the open market earlier on March 2022. There were three prominent personalities who made this popular NFT project a successful and brought Apecoin in the crypto market. The co-founders of Apecoin are no other than Alexis Ohanian, Amy wu and Yatsiu.
Ape coin Facts
The listed below points are some facts of Apecoin which you want to know about:
(a) Ape Coin is a cryptocurrency that is utilized in games, entertainment, and artistic endeavors.
(b) The native token of the BAYC ecosystem is called Ape Coin.
(c) It is ERC-20 governance based on Ethereum blockchain.
(d) Its consensus method is Proof of stake because it is built on the Ethereum Blockchain (PoS).
(e) Its broad base of supporters is one of the primary factors contributing to its popularity.
(f) The two most well-known NFT projects are linked to this token: BAYC and MAYC.
Apecoin Price Prediction
The Ape coin has seen good time since it was launched in the market. Apecoin launched on 16 March 2022 has attracted several individuals. The two prominent personalities like Justine Bieber and Eminem have shown their huge interest on the project. In fact, the involvement of popular figures in the Ape coin ecosystem has boosted the price of Ape coin.
Initially its value was 1 dollar, but soon after garnering a lot of attention from the prominent individuals across the world, it helped to reach all-time high value in April 2022. The current price of Apecoin is $4.35 dollar, which seems slightly from the last seven days.
The prices of ApeCoin and their changes over the previous years have been researched by professionals in the field of cryptocurrencies. The minimum APE price is predicted to fall to $15.42 in 2025, while the maximum price can reach $18.18. The cost of trading will typically be $15.98.
The total supply in the Ape coin project is one billion APE and the circulating supply is 31 Cr. A cap is imposed by the contract interface, which forbids the creation of any additional tokens. Additionally, there is no burning mechanism, thus the supply won’t decrease.
Ape coin Future
Its broad base of supporters is one of the primary factors contributing to its popularity. Given that its supporters, influencers, and celebrities continue to hold this cryptocurrency, the chances of it moving forward are very strong.
The creators of the AppCoin ecosystem will introduce a new metaverse, with App Coin serving as its primary token. If everything proceeds as expected, App Coin will reach an incredible height in the near future.
The two most well-known NFT projects are linked to this token: BAYC and MAYC. The total supply in the Apecoin project is one billion APE and the circulating supply is 31 Cr. A cap is imposed by the contract interface, which forbids the creation of any additional tokens. Additionally, there is no burning mechanism, thus the supply won’t decrease.
Where to buy Apecoin | Crypto Exchanges
Numerous popular crypto exchanges are available in the market that has listed Apecoin. In the United States of America, it is available on many exchanges like Etoro, Crypto.com, Binance, Coinbase and others. You can invest in Ape coin through any of these exchanges.
Investors can buy and sell Apecoin with their country’s currency or any crypto currency. Here we are giving the example of WazirX.
(a) First register on the exchange.
(b) Verify your mobile number and e-mail id through otp (one time password, one time password).
(c) After this deposit the funds in the wallet of the exchange.
(d) You can deposit funds through any payment methods listed on the platform.
(e) Select Ape coin from the list of cryptocurrencies given on the exchange and buy coins as needed.
Questions Mostly Asked About Ape Coin Crypto
Q. How much is 1 ApeCoin worth?
Ans- The current price of Ape Coin is US$4.96 with 306.88 M of circulating supply.
Q. How high can Ape Coin go?
Ans- The experts and analysts provide their opinion that the price of Ape coin in 2022 would be around at $4.03 minimum and $4.53 maximum.
Q. What is Ape Coin crypto?
Ans- Apecoin is a token used in the BAYC and MAYC NFT gaming ecosystem.
Beyond Ape Coin Under Fintechs Listings Reads
What is DogeCoin Cryptocurrency 2022?
Bitgert BRISE Price Prediction 2022
What is Snapchat Premium 2022?
What is Squid Game Cryptocurrency 2022?
Know all About Do Kwon Net Worth 2022