Fact Or Fiction? Did Apecoin Ape Really Drop By 80% Since Launch?

DCG has no operational input into the selection or duration of CoinDesk content in all its forms. CoinGecko provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. To simplify the What is ApeCoin (APE) latest APE price prediction, we have divided up the prediction by short term ApeCoin price prediction and long term ApeCoin price prediction. As of writing this article, APE had a trading volume of $150,219,305. The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency’s lifetime.

At the time of writing, the APE community had overwhelminglyvotedagainst it; only 34.54% of voters approved the proposal, while 65.46% opposed it. As the first token unlock approaches, members of the ApeCoin community are voting on several suggestions to increase the token’s utility. The table above shows the number of days which ApeCoin closed above a certain price level. FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation. APE has a lowest price of $3.09, which was reached on Jun 14, 2022 .

ApeCoin trading volume

If you are new to crypto, use the University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. The tokens surged and sank as new features in the Bored Ape Yacht Club ecosystem went live. Holders of ApeCoin can also use the token to buy assets within the ApeCoin metaverse, such as virtual land in Yuga Labs’ NFT world, Otherside. The sale raised $285 million in early May 2022 by selling NFTs that represent deeds to plots of virtual land in an upcoming 3D world. Those who held a Mutant Ape, a derivative NFT issued to BAYC holders in 2021, could claim 2,042 APE tokens.

Apecoin Markets

As a result, the price per Ape soared making the collection one of the most prestigious in the crypto community. Thus, some of the most unique apes were sold for $1.3 mln and $3 mln worth of ether correspondingly. The APE exchange rate is decided by supply and demand on cryptocurrency exchanges. When more people are buying ApeCoin than selling it, the price goes up. Technical analysis is valuable in crypto investing even if you don’t have access to years of historical price data in the ApeCoin chart. For example, with many cryptos, dramatic price drops and periods of high volatility have been followed by a sustained rise to new highs.

In the list, there is a hotel E11EVEN Residencies in Miami planning to accept APE payments and SaltWater Brewery based in Florida with the same target. Grow your crypto assets without lifting a finger – all on one secure platform. Any number of things could affect APE’s value in the future, including changes to regulation, the rate of adoption by retail and institutional investors, and technological developments. Because unknown future events can affect the price, it is impossible to make a precise forecast.

Analyzing Apecoins Price History

Tax policies, regulations regarding investments, mining restrictions, government plans for official digital currencies, and other developments can move the crypto market higher or lower. Analysis was done on daily data so all moving averages, RSI etc.., were calculated on a daily APEcoin price chart. Please also note that data relating to the above-mentioned cryptocurrency presented here are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind.

ApeCoin is the utility coin for the APE ecosystem, which includes the ApeCoin DAO and all services and products utilizing APE. Unlike NFTs, ApeCoin tokens are «fungible,» supporting the ‘web 3.0 economy’. The total supply of ApeCoin is permanently fixed at 1 billion tokens. 62% of total ApeCoin tokens are reserved for BAYC and MAYC NFT holders and the DAO treasury.

ApeCoin trading volume

For example, many cryptos made impressive gains in 2020 while economies around the world suffered due to the COVID-19 pandemic. This could be due to people turning to crypto in the face of weakened national economies. There are countless ways to analyze crypto performance and make a buying decision. Two of the most commonly used are technical analysis and fundamental analysis. If you are planning to trade crypto, please consult a financial adviser. Jul 31, 2020, was the day when a smart contract for token was started on the Ethereum platform, approximately 2 years ago.

Been using this as a favorite to short and unlike the long positions it’s going well. With Mt Gox fears being valid and after Powel’s gloomy projections/tone we need to be worried. A strong one but a rebound to that level is not to be crossed… Make an initial deposit of 5 USD on the Bitso app or website to purchase APE or other cryptocurrencies. As one would expect, there were some volatile price movements minutes after the airdrop and headlines show the price of APE dropping 80% since its launch. This raises the question of whether the ordinary BAYC and MAYC owner could have sold APE at $40 instead of $14, which it is trading for at the time of publishing.

Apecoin Historical Data

Additionally, it does not see the hype surrounding the project slowing down. If more people become interested in the token and buy it, the price can increase. The ApeCoin team has hinted at the project’s involvement in gaming and the metaverse, which could further increase the hype.

A surge in demand could cause an upward breakout of the $5.81 level, exposing APE to resistance levels of $6.50 or $7.65. On the other hand, a bearish breakout of the $4.20 support level will most likely expose APE to the $3.04 support zone. The APE Technical Analysis displays a bear cycle in the rising channel pattern approaching the support trendline.

What’s Apecoin Highest Price Ever?

Gate only has $1,665 trading volume on the candle, which shows the highest price of $214 and only $43,000 total volume in the first five minutes. The Ape Foundation is a legal representative of the project responsible for its governance. Finally, the ApeCoin DAO itself is a decentralized autonomous organization managed by the ApeCoin holders. ApeCoin’s price quote is based on transactions taking place at each exchange. The trading volume and liquidity are different for each exchange, and those differences affect the price.

It’s also worth noting that the Ape Foundation received one NFT as a gift from Yuga Labs which has given up all its rights for this token. The Foundation itself consists of certain members of the community with strong operational experience as they have significantly contributed to the DAO development. With the initial board serving for 6 months since its election, new members can join it provided that they contribute to the growth of the community as well and are selected by the DAO members. The fastest, most convenient way to make a purchase is to buy APE at Kriptomat. For instructions, check out How To Buy Cryptocurrency and Keep It Secure. The article is part of Kriptomat’s Learn project, which provides clear, brief explanations of crypto terminology and investing strategies.

Holders have a say in the Ecosystem Fund’s utilization, and holding ApeCoin is the only criteria for membership. NFT holders have claimed about 110 million APE tokens thus far. Yuga Labs was allocated 150 million APE, with 10 million going to the Jane Goodall Legacy Foundation. Holders of ApeCoin can be members of the ApeCoin DAO and can vote on governance rules, projects, partnerships, and more. To check ApeCoin’s price live in the fiat currency of your choice, you can use’s converter feature in the top-right corner of this page. Earn up to $1,000 when you fund a new account, and earn up to $100 in Bitcoinwith your first qualifying crypto trade .

  • There are countless ways to analyze crypto performance and make a buying decision.
  • With 1,500,000 Ledger wallets already sold in 165 countries, the company aims at securing the new disruptive class of crypto assets.
  • However, you may recall that three organizations had offered suggestions for creating a market for the Bored Ape Yacht Club.
  • The lowest price for one APE recorded in our base is $1.20E-11 in Sep 2021, 1 year ago.
  • CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
  • Get a full overview of the ApeCoin price history with our historical price data page.

Unless one is willing to take great risks bidding up the gas price to get the APE ahead of everyone else , it is very difficult to even claim APE within one minute. Speculations abound for how high ApeCoin’s price will get in the future. On the project’s website, each of the board members has a digital ape as an avatar.

Ape Markets strives to make cryptocurrency a part of everyday life by offering a full suite of services for crypto users. Another aspect of the project is that the creators set aside a large portion of the token supply to be used in the “Ecosystem Fund.” This fund can be used on projects that the community votes on. The total circulating supply of ApeCoin as of writing this article was $314,218,750 and the marketcap of APE remains at $1,697,548,648. The 50-day moving average will almost certainly provide solid resistance near $5.75.

How Does Apecoin Work?

So it is clear to see that the more reliable price of APE minutes after the airdrop is from Binance, which is around $28 and happened on the minute of the airdrop. It is not uncommon to see a large drop in price in the newly launched tokens in the early trading hours, as it happened to many similar tokens. The question is whether an ordinary non-tech savvy owner could have sold the token in the first five minutes to avoid such a drop. The new coin has also gained a lot of traction as many developers announced the integration of the new digital asset into their applications. Thus, a famous crypto game maker Animoca Brands announced its plans to integrate APE into some secret project that it was working on together with BAYC.

The Foundation facilitates decentralized and community-led governance and is designed to become more decentralized over time. No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyze and verify our content before relying on it. Trading is a highly risky activity that can lead to major losses; please, therefore, consult your financial advisor before making decisions. No content on our site is meant to be a solicitation or offer.

Links provided to third-party sites are also not under Binance’s control. Binance is not responsible for the reliability and accuracy of such third-party sites and their contents. As a utility token, ApeCoin is a cryptocurrency that can be used without centralized intermediaries. Market cap is calculated by multiplying the asset’s circulating supply with its current price. Crypto market capitalization regained the $1 trillion mark early on Monday, up from around $800 million in June. The protocol introduced 30.25% of them into circulation at launch and will add the rest over the following four years.

It seems only tech-savvy owners who know how to interact with the blockchain with code directly can execute these types of transactions in such a short period of time. No BAYC owners can swap the entirety of the airdrop on SushiSwap for USDT since the TVL of $67,000 cannot cover 10,000 APE swaps per BAYC or the 2,000 APE per MAYC at the price of $28. Maaria Bajwa from Sound Ventures focuses on early-stage investment opportunities in companies from various verticals including crypto, fintech, retail, and healthcare. Other prominent members include Dean Steinbeck from Horizen Labs and Yat Siu from Animoca Brands. What’s more, some of the companies operating with real customer goods are planning to make use of the new token.

ApeCoin’s price for 2023 according to our analysis should range between $7.91 to $11.87 and the average price of APE should be around $9.89. ApeCoin’s price for 2022 according to our analysis should range between $7.18 to $10.77 and the average price of APE should be around $8.98. ApeCoin has recently made it to the top 10 in terms of trading volume from over 100 of the largest ETH whales as seen in the past 24 hours. APE made it to the top 10 in terms of trading volume ApeCoin’s MRV has been seeing sustained growth APE price… The quantity of all coins/tokens that have ever been issued , minus all coins/tokens that have been removed from circulation .