At the time of writing, ApeCoin was trading just under $16, with a 24-hour trading volume of an impressive $7.4 billion. The token was listed on eToro yesterday.
If you’re curious about its unique features and want to learn how and where to buy ApeCoin, this guide is for you.
Best places to buy ApeCoin now
What is ApeCoin?
ApeCoin is an ERC-20 utility and governance token designed to incentivize decentralized community building as Web3 continues to evolve. ApeCoin was created by Yuga Labs, the team behind the well-known Bored Ape Yacht Club project.
The token was launched to serve the expanding APE ecosystem, supported by the APE Foundation.
Holders of ApeCoin vote on how to allocate the ApeCoin DAO treasury and participate in governance through a decentralized framework that oversees the ApeCoin DAO. Holders submit and approve proposals, and the APE Foundation helps manage their implementation.
The goal of ApeCoin DAO is to develop and maintain the APE ecosystem in a fair and inclusive manner, providing ApeCoin holders the infrastructure to collaborate via permissionless, transparent governance processes.
ApeCoin also functions as an open, shared currency within the ecosystem, usable without centralized intermediaries. The ecosystem treasury receives 62% of all minted ApeCoins to support community initiatives.
Finally, ApeCoin grants access to certain ecosystem components that might otherwise be unavailable, such as exclusive services and games. It enables third-party developers to participate in the ecosystem by integrating the token into games, services, and other projects.
Should you buy ApeCoin today?
Since predicting cryptocurrency movements with precision is difficult, you should never make financial decisions without thorough market research. Only invest what you can afford to lose.
ApeCoin — price outlook
WalletInvestor characterizes ApeCoin as a poor, high-risk short-term investment, suggesting that investments made now could depreciate over time.
By contrast, DigitalCoinPrice offers a more optimistic forecast. Their projections for the coming years are:
- 2022: Up to $21.70
- 2023: $20.34–$24.63
- 2024: $18.69–$28.26
- 2025: $26.52–$30.00
- 2026: $24.85–$31.63
ApeCoin on social media
https://twitter.com/NTF_Internet/status/1504743918436777984