DeutschWith Apecoin (APE), a cryptocurrency was launched on March 17, 2022, which already has numerous followers. Investors hope that the price of the Bored Ape Coin will explode and continue to rise in the near future. But what is the coin all about? How and where can you buy Apecoin? We will clarify these questions in this article.
Where Can You Buy Apecoin?
In our opinion, the best providers for trading Apecoin are:
Bitvavo, one of the leading exchanges from Europe (Netherlands) with a large selection of cryptocurrencies. PayPal deposit possible. Extra: 10 Euro bonus when registering via CoinPro.ch
Regulated provider from Austria - specializing in trading Bitcoin, Ethereum, stocks and many other assets.
With several hundred thousand customers worldwide, Binance is one of the top 10 largest and most well-known exchanges. The use of the exchange is free of charge, with fees only applying to the purchase and exchange of cryptocurrencies.
Almost every major central crypto exchange listed the token immediately after its launch. This is actually a special feature. Because with many other cryptocurrencies, it usually takes several months before crypto exchanges like Coinbase include them.
What is APE?
The fact that NFTs have sparked a major hype has long been known not only to experts in the cryptocurrency sector. Even laypersons who otherwise have nothing to do with cryptocurrencies have learned from the creation of NFTs by numerous prominent figures that, among other things, digital works of art are being sold for several million.
The Bored Ape NFTs were particularly successful. These were ape images through which the owners can become members of a very special yacht club. With the Apecoin, the developers are now creating the next level for investors, because members of the Bored Ape Yacht Club received the first Apecoins as part of the publication of the cryptocurrency through an airdrop.
ApeCoin is an ERC-20 token. This means that it is a cryptocurrency that is based on the Ethereum blockchain. So there is no own Apecoin blockchain. Accordingly, the fees for APE transactions are also high.
In order to be able to strengthen the Apecoin ecosystem in the future, some organizations have also emerged. These are as follows:
- Apecoin DAO: This is a governing body in which all APE holders count as members. These can submit proposals for the future of Apecoin and then vote.
- Ape Foundation: Takes care of the Apecoin DAO administration. A subcommittee of the Ape Foundation will serve as a kind of board of directors of the Apecoin DAO. The first board consists of five top-class crypto investors: Reddit co-founder Alexis Ohanian, Amy Wu, who heads the venture arm of the crypto exchange FTX, Maaria Bajwa of Sound Ventures, Yat Siu of Animoca Brands and Dean Steinbeck of Horizen Labs. Each board member has a six-month term, and the ApeCoin website promises that DAO members can vote on future members.
The Apecoin was not developed by the members of the Bored Ape Yacht Club. The company Yuga Labs is behind the cryptocurrency. However, Apecoin does not yet have any real benefits – this could change in the near future through initial implementations in games.
Apecoin Price Forecast 2023
Apecoin has only been available for a few months, but nevertheless or perhaps precisely because of this, numerous traders are already speculating with the digital asset. Precisely because it is still a completely new cryptocurrency whose technical and fundamental horizon cannot be easily determined, it is currently not possible to make a forecast for the price of Apecoin.
The fact is that the price of the Bored Ape Coin is mainly influenced by the community and very risk-averse investors. Determining a bottom currently seems very difficult even in the short term.
In the short term, it will be crucial whether Apecoin can possibly polarize the media in a similar way as Shiba Inu Coin. After all, Shiba Inu Coin had temporarily reached a market capitalization of over 30 billion US dollars. Dogecoin had also reached this value in the past.
After just one trading day, APE had a market capitalization of around 3.7 billion dollars – currently APE is worth about 13 dollars (as of March 19, 2023) and the total amount of tokens is limited to one billion – but so far only 277.5 million Apecoins are in circulation. If the price remains the same, the total possible circulation would result in a market capitalization of approximately 15 billion US dollars. If APE could actually reach a value like Shiba Inu or Dogecoin, a price of just over 30 dollars would be possible. Is it really worth buying Apecoin yet?
However, it is not possible to predict a price trend at the current time. Therefore, investors should be particularly careful in this case.
