ApeCoin has gained the impressive 1,333% in the last 24 hours. It was listed on several leading exchanges at the same time, including eToro, Coinbase, Binance, and crypto.com.
Look no farther than this short article if you want to know what ApeCoin is, if it’s worth investing in, and the best places to buy ApeCoin if you choose to.
Top places to buy ApeCoin now
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What is ApeCoin?
ApeCoin is the native token for the Bored Apes Yacht Club, one of the most valuable NFT collections in history. It features around 10,000 Bored Ape NFTs, each one of which is unique. The apes are created through combinations of over 150 clothing items, expressions, and more.
A lot of celebrities are buying NFTs from this collection. Owners include Justin Bieber, Eminem, Steve Aoki, and Jimmy Fallon.
In sum, APE is the ecosystem’s new token and holders will play a critical role in its governance. Some of the coins have been allocated to current holders of Bored Ape Yachts.
ApeCoin’s tokenomics is pretty straightforward. The total number of coins is capped at one billion. The diluted market cap is $11 billion as a result. With around 120 million coins in circulation, the total market cap is around $1.3 billion.
Should I buy ApeCoin today?
ApeCoin can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt.
ApeCoin price prediction
According to Investing Cube, the skyrocketing price of ApeCoin is a typical reflection of FOMO (fear of missing out). The analysts point out that Shiba Inu and Internet Computer enjoyed the same stellar growth in their early days.
Later on, both coins’ prices crashed. It’s likely that ApeCoin price will decline in the immediate future. It is exhibiting the typical bearish sign of a double top pattern.
Tech News Leader is bearish on the token too. They predict ApeCoin will drop to $0.56 in 1 year. It will be worth $1.53 in 5 years and $9.44 in a decade.
ApeCoin on social media
— Matt (@mattmpls33) March 17, 2022