As of late September 2023, there are currently 368,593,750 ApeCoin tokens in circulation, with a maximum supply of 1,000,000,000 tokens. As of 24 September 2023, the ApeCoin crypto token’s price was $1.12. Crypto analysts have examined ApeCoin prices for 2023 and have determined that the projected average trading price for December 2023 is estimated to be around $2.12.
- It is home to the European Central Bank, Deutsche Bundesbank, Frankfurt Stock Exchange and several large commercial banks.
- The crypto is down 2.7% to $1.1 while the broader crypto market is down 0.09%.
- In fact, it is one of the few cities in the European Union (EU) to have such a skyline, which is why Germans sometimes refer to Frankfurt as Mainhattan, combining the local river Main and „Manhattan”.
- PricewaterhouseCoopers (PwC) German headquarters are located at Tower 185.
- ApeCoin token holders (the DAO members)
can also remove or replace a Board member at any time with a majority “In favor”
vote.
Resubmitted proposals for anything the DAO attaches its name to, including projects and collaborations. The APE Foundation website is the DAO hub, providing an interface to educate DAO
members on the governance process and provide easy access to the channels below
in order to streamline the DAO’s operation and enhance its utility. It’s a living
document that will evolve and improve with the DAO community’s input. AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.
Phase 1: AIP Idea
In 2024, the price of ApeCoin is predicted to reach a minimum level of $3.00. The forecast and technical analysis suggest that by 2030, the ApeCoin price will attain a minimum price value of $30.84. ApeCoin was launched on 17 March 2022 and became listed on major exchanges like Binance, FTX Exchange, Coinbase, and more.
The next notable support zones come into play around the psychological $1.00 level and the extended reverse Fib 1.236 level at $0.807. After rallying to a local high of $1.288 on October 2, APE faced firm rejection at the key reverse Fib retracement level of 0.786 at $1.288. This rejection catalyzed the start of the ongoing selloff, with APE now trading down near the swing low support zone of $1.033 to $1.107.
APE/USDT price chart
By doing this, Yuga Labs expanded the access to the coin but also created a code exploit. Suffice to say, the end result was a shadow on the team’s competence for future projects. If you hold a Bored Ape Yacht Club or Mutant Ape Yacht Club NFT in your wallet, then you can claim a certain amount of free tokens from the official ApeCoin website.
Importantly, ApeCoin’s Board of Directors oversees several projects. Wylie Aronow and Greg Solano (pseudonymous friends) started Yuga Labs in 2021, and its main office is in Miami, Florida. The company started selling Bored Ape NFTs in Apr. 2021 with Bored Ape Yacht Club (BAYC). Despite its fluctuating price and market size, it’s intriguing to see how ApeCoin (APE) will be employed in web3. Here we go over what ApeCoin is, how it works and the roles it plays in the NFT ecosystem.
Is ApeCoin a Good Investment or not?
Yuga Labs has actively developed its community by hosting events and airdropping members of the Bored Ape Yacht Club new NFTs and now tokens worth 10s of thousands of dollars. Other collections under Yuga Labs’ umbrella include Mutant Apes, CryptoPunks, Bored Ape Kennel Club and Meebits. However, only Mutant Apes and Bored apes receive the perks of The Bored Ape Yacht Club. Yuga Labs was founded in 2021 and created Bored Ape Yacht Club as its 1st NFT collection. The Bored Ape Yacht Club mint began on April 23, 2021, and it sold out in roughly 24 hours.
It plays an essential role in allowing people to vote on and build AIPs. Cryptocurrencies, such as ApeCoin, are decentralised digital assets that often serve as a representation of the success of a specific crypto project. Investors acquire them to speculate on their potential future value increase. However, it’s important to note that cryptocurrencies are considered high-risk investments, so thorough research on the specific cryptocurrency you intend to purchase should be conducted before making any investment. In the previous section, it is important to take the second point with a grain of salt.
Process
For the most up-to-date cryptocurrency prices, check out the table below. The third companion collection made by Yuga Labs, Bored Ape Kennel Club, earns holders an extra 856 ApeCoin but only when they also have a Bored Ape or Mutant Ape. YugaLabs decided on this allocation by taking a snapshot of each collection’s floor price and using the ratio between them.
New utility projects like Anarchy, have been within the sight of many of these ApeCoin investors who see it as a must have in their portfolios. After reaching $6.2903, its peak point this year back in January, $APE has since then dropped by approximately 80%. ApeCoin’s recent decline of 15% in the last 30 days could be tied to a token unlock that happened on September 17 when about 40.6 Million new tokens were unlocked and available for sale.
How does APE work?
The projected ApeCoin crypto price will reach $2.12 by the end of 2023. The token is estimated to easily surpass the $10.73 mark in the next five years. ApeCoin’s decline is due to the sale of Bored Ape Yacht Club’s Bored Apes and Mutant Apes by tech entrepreneur Jeff Huang.
