ApeCoin Price Prediction – Is it Time to APE in?

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Is it worth holding onto APE until the next bull run? ApeCoin has been moving to the upside, we can see on this particular week Apecoin has really been printing some higher highs as well as few higher lows, its looking bullish and overall this month its low was around $2.66 and its peak around $4.50.

APE Price Prediction – Video Analysis

To learn more about ApeCoin and the reason why it is still bullish, watch the video below covering a potential ApeCoin price prediction.

ApeCoin maintained a trending rank of #1 on CoinMarketCap for several days, so things are looking promising for APE.

Below is also a bullish tweet regarding the upcoming APE Staking.

What is Apecoin?

NFT project Bored Ape Yacht collection creators launched a token called ApeCoin, it was launched on 17 March of 2022 and attracted a lot of attention. ApeCoin (APE) is built on etherum blockchain governance and utility token use to empower the decentralized community building at the forefront of web3 through art, gaming, entertainment, and events. APE is a token made to support what’s next, controlled and built on by the community. It will serve as a decentralized protocol layer for the community-led initiatives that drive culture forward into the metaverse.

As the open-source protocol layer of the ecosystem ApeCoin can use in several ways:

  • Governance – ApeCoin is the ecosystem’s governance token, allowing ApeCoin holders to participate in ApeCoin DAO.
  • Unification of Spend – Apecoin is the ecosystem’s utility token, giving all its participants a shared and open currency that can be used without centralized intermediaries.
  • Access – ApeCoin provides access to the certain parts of the ecosystem that are otherwise                    unavailable, such as exclusive games, merch, events and services.
  • Incentivization – ApeCoin is a tool for third party developers to participate in the ecosystem by incorporating  APE into services, games and other projects.

ApeCoin Allocation

The total supply of ApeCoin is permanently fixed at 1 billion tokens. No minting capability is exposed through the contract interface, thus the total supply will never increase. ApeCoin will be distributed among four main groups:

  1. 62% Ecosystem Fund -BAYC/MAYC NFT holders and treasury/resource
  2. 16%  Yuga Labs + Charity -The company behind the BAYC and continuing contributor
  3. 14% Launch Contibutors -The companies and people that helped make this project a reality
  4. 8% BAYC Founders -The ones who put the Ape in ApeCoin,the four founders of Yuga Labs and BAYC

See our guide on how to buy ApeCoin.

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