- ApeCoin was listed on multiple leading exchanges recently, including eToro
- The total supply of ApeCoin is capped and fixed at 1 billion tokens
ApeCoin is an ERC-20 utility and governance token used to encourage decentralized community building as web3 approaches. At the time of writing, ApeCoin was trading for $14.61 and had added 1,360% to its value in 24 hours.
It was listed on multiple leading exchanges recently, including eToro. If you are attracted to unique features and want to learn how and where to buy ApeCoin, this guide is for you.
Top places to buy ApeCoin now
eToro
eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.
What is ApeCoin?
ApeCoin was created by Yuga Labs, the builders of the famed, lucrative Bored Ape Yacht Club project. They created ApeCoin to be used within the growing APE ecosystem, which is backed by the APE Foundation.
Yuga Labs gifted the APE Foundation a unique NFT, conferring upon them all the rights and privileges to this NFT and its underlying artwork.
The total supply of ApeCoin is capped and fixed at 1 billion tokens. All of these will be minted at the same time.
ApeCoin was launched yesterday, at which time 30.25% was put into circulation. The amount put into circulation will continually increase at regular intervals over a period of 48 months.
Being an ERC-20 token, APE is secured by Ethereum’s proof-of-work (POW) consensus mechanism.
ApeCoin holders vote on how to use the ApeCoin DAO Fund and govern themselves via the decentralized governance framework controlling the ApeCoin DAO.
ApeCoin also gives ecosystem participants an open and shared currency to be used without centralized middlemen.
ApeCoin price prognosis
Digital Coin Price is optimistic about APE’s price. They predict it will go up to $21.70 by the end of this year. It might reach a maximum of $24.63 next year, $28.26 in 2024, and $30 in 2025. It will trade in the range of $24.85 – $31.63 in 2026.
Not all analysts are so optimistic. Wallet Investor finds ApeCoin a poor and risky short-term investment. Investing Cube points out that history has shown tokens like APE soar into the sky only to unexpectedly fizzle out.
Should I buy ApeCoin today?
Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also consider how you would feel about losing money.
