Apecoin Price Prediction Is Bullish In The Short Term Following Dao Vote

The cryptocurrency’s market Price changes in percent within the last 24 hours . APE was developed by Yuga Labs, a company that specializes in cryptoassets, especially NFTs, and has become known for its collection of assets called Bored Apes. However, ApeCoin DAO was created to manage and develop the next steps of the project. Therefore, despite being created by Yuga Labs, APE is managed by its own user community, which is ApeCoin DAO.

ApeCoin trading volume

Leading technical indicators, such as the RSI and MACD, are above 50 and 0, indicating a bullish trend in the APE coin. Investors are likely to keep an eye on the $5.80 level to buy above it or vice versa. On a daily timeframe, the APE/USD pair has risen to trade near $5.50, just below a double top resistance level of $5.80. The APE/USD pair has formed a symmetrical triangle pattern, which can typically break out on either side of the market. Holders of the Bored Ape NFT lineup received the tokens via an airdrop following the launch in March. Measures have been taken by the ApeCoin Decentralized Autonomous Organization to create a decentralized NFT marketplace powered by APE.

MATIC price trades below 50 and 200 EMA on the daily timeframe despite showing some relief strength. The price of MATIC must hold $0.72 support or face a drop-down to a weekly low. Track ApeCoin’s history in its entirety, ranging from the ApeCoin starting price to the most recent APE price data. Our APE price history tool allows you to display the price data in the currency of your choice, and you can also adjust the level of detail by choosing between different frequencies .

What Are The Safest Hardware Wallets For Keeping Ape?

The holders of ApeCoin are the only voters in the DAO, which the Foundation facilitates. The total dollar value of all transactions for this asset over the past 24 hours. The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading. Binance has the lowest transaction fee rate amongst all major trading platforms.

Cryptoassets are unregulated in some EU countries and the UK. EToro USA LLC; Investments are subject to market risk, including the possible loss of principal. The Otherside of NFTs Otherdeed travels into the metaverse, STEPN steps into Ethereum, GameStop launches NFT marketplace and MORE in this week’s NFT update. During these bleak times, various NFT and GameFi projects continue to buidl, despite the immense pressure coming from traditional institutions.

  • First, the token is extremely volatile, so an upward trend from volatility could lift the price above $30.
  • APE is the native coin of the ApeCoin decentralized autonomous organization , a community-driven initiative created to guide the expansion and development of the Bored Ape ecosystem.
  • However, ApeCoin DAO was created to manage and develop the next steps of the project.
  • The ApeCoin price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.
  • However, the price of the token is ultimately up to Yuga Labs’ execution.
  • When a billionaire entrepreneur tweets support for a particular coin or token, the price often goes up.

ApeCoin’s long term Price Prediction below is a look at APE’s future prospect with regards to price. ApeCoin was last seen at $5.40, with a market cap of $1,697,548,648 and trading volumes of $150,219,305. APE’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community. https://xcritical.com/ Get a full overview of the ApeCoin price history with our historical price data page. The total supply of ApeCoins is limited as it makes up only 10 billion tokens with 30.25% of them being released into circulation on the launch date. As the Ape Foundation doesn’t provide any minting capability, the total number will never be increased.

Apecoin Price & Roi On This Date

After a month of trading at about $13, APE hit an all-time high price of $26.19 toward the end of April before crashing back down to $13 in May. ApeCoin is an ERC-20 governance and utility token utilized inside the APE Ecosystem to engage and boost a decentralized local area working at the front of web3. Many crypto analysts see $30 as a major price target for ApeCoin.

ApeCoin trading volume

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. However, one interesting observation is that APE’s liquidity in the DEX is not as much as in the CEX. First, the gas price for minting APE skyrocketed to 10 times than the normal price right after the airdrop.

People Also Ask: Other Questions About Apecoin $ape

There’s no guarantee that the pattern will be sustained in the future, but if it has been consistent in the past, it’s worth considering. If you’re considering a purchase, take a moment to check out Kriptomat’s Recurring Buy program. This innovative portfolio-building service allows you to schedule automatic purchases on a weekly, bi-weekly, or monthly schedule.

Governance – ApeCoin is the ecosystem’s governance token, allowing ApeCoin holders to participate in ApeCoin DAO. View the total and circulating supply of ApeCoin, including details on how the supplies are calculated. While the team behind the project is solid, there is yet to be much real utility for the token. If the project can create real use cases for investors, then the token may appreciate. However, the price of the token is ultimately up to Yuga Labs’ execution. Ledger is a brand of hardware wallet that supports all ERC-20 tokens.

The lowest price for one APE recorded in our base is $1.20E-11 in Sep 2021, 1 year ago. Showing how wealth is distributed between all holders, for example, the top 10 richest addresses hold 80.70% of all available supply. The ApeCoin to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next. The Bored Ape Yacht Club founders are allocated 80 million APE.

Access – ApeCoin provides access to certain parts of the ecosystem that are otherwise unavailable, such as exclusive games, merch, events, and services. ApeCoin holders administer themselves through the decentralized administration structure controlling the ApeCoin DAO, and vote on how the ApeCoin DAO Ecosystem Fund ought to be utilized. The APE Foundation regulates recommendations settled upon by ApeCoin holders. Information is accessed through a password, which can also have two-factor authentication.

About Apecoin

APEcoin price today opened at 5.44, at this moment APE stock is down by -1.01% from the open. After rallying to the $5.48 level APE was unable to sustain power. ApeCoin is a tool for third-party developers to participate in the ecosystem by incorporating APE into services, games, and other projects. The goal of the APE Foundation is to steward the growth and development of the APE ecosystem in a fair and inclusive way.

The most active and popular exchanges for buying or selling APE are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency What is ApeCoin (APE) safe are Ledger and Trezor. As of Sep 30, The market capitalization of APEcoin is $1.7 Billion, it’s ranked as #33 this is when calculating mcap with circulating supply if with total supply market cap will be $ 5.4 Billion.

ApeCoin trading volume

It trades on major cryptocurrency exchanges, such as Binance, Kraken and FTX. Culture has found new expression in web3 through art, gaming, entertainment, and events. The possibilities for blockchain’s impact on culture are so endless that they can’t possibly all be predicted yet. APE is a token made to support what’s next, controlled and built on by the community.

Apecoin Price Overview

To get started, head over to their website and create an account. The company generates most of its profit from BAYC sales, but it is hoping to shift its profit stream towards metaverse land sales. However, EarthShaker argues that this space is already fairly saturated, with major projects such as Decentraland already owning a large portion of market share. EarthShaker believes that ApeCoin will not be able to gain any real traction in the metaverse space, which will force ApeCoin to depreciate.

Where Can You Buy Apecoin?

It has a circulating supply of 306.9 million APE coins and is ranked #33, current APEcoin market cap is $1.7 billion. APEcoin All time high price is $1,448.67, it was 1 Year 3 Month Ago, For the previous 52 weeks, the lowest and highest value for APEcoin was $1.28E-11 and $16.60. It has a circulating supply of 310 Million APE coins and a total supply of 1 Billion. If you are looking to buy or sell ApeCoin, WOO Network is currently the most active exchange. It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It’s a direct cryptocurrency’s supply & demand indicator, and is purely related to its market price.

The Total Supply is similar to stock market’s Outstanding Shares. The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market. Currently, the most active and dominating exchanges for buying and selling ApeCoin are Binance, Kraken & Kucoin. APE has a trading volume of $140,069,215.73 in the last 24 hours.

15% is allocated to Yuga Labs, 14% to the people and companies involved in the launch of ApeCoin, 8% to Yuga Labs founders, and 1% to a charity fund for the Jane Goodall Legacy Foundation. Third-party developers can participate in the ecosystem by incorporating APE into services, games, and other projects. ApeCoin is intended to serve as the decentralized protocol layer for various community-led initiatives. The percent change in trading volume for this asset compared to 1 hour ago.

The long term sentiment, however, remains bullish and APE could hit $11.87 in 2023. However, this market can only survive if its prices are competitive with similar ones, such as X2Y2. During the European session, ApeCoin is trading upwards, having surged nearly 17% in the last 24 hours. APE is the native coin of the ApeCoin decentralized autonomous organization , a community-driven initiative created to guide the expansion and development of the Bored Ape ecosystem.

A list of the top ApeCoin markets across all crypto exchanges based on the highest 24h trading volume, with their current price. Is the largest cryptocurrency exchange in the world by trading volume. In fact, it tops the ranks of cryptocurrency exchanges maintained by CoinMarketCap, which are ranked based on 24-hour trading volumes, exchange score and average liquidity. Binance triumphs over exchanges like Huobi Global and Coinbase, which follow closely in 2nd and 3rd places, respectively. For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction.

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