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ApeCoin

APE

ApeCoin Market Stats

ApeCoin Price

$22,014.48

ApeCoin Price Change (24H)

$22,014.48

ApeCoin Price (24H Low)

$22,014.48

ApeCoin Price (24 High)

$22,014.48

ApeCoin Price (All Time High)

$22,014.48

ApeCoin Market Cap

$22,014.48

ApeCoin Volume (24H)

$22,014.48

ApeCoin Circulating Supply

$22,014.48

ApeCoin Price Live Data

The live [Bitcoin] price today is [$20,014.48] with a 24-hour trading volume of [$44.6b]. The [BTC] price is updated in real-time. [Bitcoin] is [up/down] [45.77%] in the last 24 hours. The current [Bitcoin] live market cap is [$189,3B] with a circulating supply of [121.3M] [BTC] coins and a max supply of [21,000,000] [BTC] coins.

Looking to buy [Bitcoin] at the current rate? The best cryptocurrecny exchanges for trading for [Bitcoin] stocks and coins are Bitbuy, CoinSmart, NetCoins, Netwon, and Crypto.com; you can find other [Bitcoin]-[BTC] exchanges on our best crypto exchange, best crypto exchange in Canada and best crypto exchange in the USA pages.

What is ApeCoin (APE)?

ApeCoin (APE) is an Ethereum-based digital coin that the Bored Ape Yacht Club released. This digital coin is released in line with the metaverse ecosystem that Yuga Labs are developing.

Contrary to how other virtual coins operate, individuals who purchase ApeCoin automatically join the ApeCoin Decentralised Autonomous Organisation (DAO). These individuals get the authority to vote on future project proposals. They also have a say on how the treasury of the DAO is spent.

The ApeCoin DAO is headed by a five-member board, which forms the centralized entity overseeing its affairs. However, this board membership isn’t permanent as members get rotated after a six-month term. After which, it’ll be left to the ApeCoin community to vote on the board’s new members.

Apecoin (Ape) - Comparewise

Who Created ApeCoin (APE)?

Yuga Labs (the people behind the Bored Ape Yacht Club) is the company that created ApeCoin (APE). This Miami-based company was founded in 2021 and has established itself in the Non-Fungible Token community.

ApeCoin (APE) was released in March 2022, shortly after Yuga Labs acquired CryptoPunks. This cryptocurrency was distributed via airdrop to owners of the Mutant Ape Yacht Club and the Bored Ape Yacht Club.

The APE tokens were allocated following the format below:

  • 8% of the tokens were allocated to the four founders of Yuga Labs and the Bored Ape Yacht Club BAYC).
  • 14% of the APE tokens were given to the launch contributors, companies that helped make ApeCoin a reality.
  • 16% of the APE tokens were given to Yuga Labs, which would help run the APE network. Yuga Labs has reportedly allocated a portion to the Jane Goodall charity foundation, which takes care of apes.
  • The remaining 62% of the APE tokens went to the entire ApeCoin DAO community. This allowed them to receive 10,094 APE for every Bored Ape NFT they own. Individuals who owned Mutant Ape Yacht Club tokens received 2,042 APE for each NFT they owned.
  • The remaining APE tokens have been kept as part of the ecosystem fund for the DAO community.

How Does ApeCoin (APE) Work?

ApeCoin (APE) is a virtual coin that was created to meet the demands of a metaverse token for Yuga Labs web3 projects. This digital coin works by allowing its owners to participate in governance processes and cast votes on important issues. Some of these issues include framing of rules, project selections, allocation of funds for projects, choice of partnerships, etc.

APE tokens can be stored in online wallets like the Coinbase Wallet and the Binance Trust Wallet. Individuals who prefer online storage can use the Ledger Nano X or the Ledger Nano S.

Is ApeCoin (APE) A Good Investment?

ApeCoin (APE) is an upcoming investment since it was only released recently. Right now, only Yuga Labs has spoken about their plans for this coin. These plans revolve around using APE as the official token for their metaverse and their other web3 projects.

Nevertheless, we can ascertain from these actions that ApeCoin is in for some good years. Based on the track record of Yuga Labs, investors can be confident in the success of ApeCoin. As the internet is gradually moving towards the era of the metaverse, investing in ApeCoin is a good decision.

FAQs about ApeCoin (APE)

How Many ApeCoin (APE) Are There?

There will only be 1 billion APE tokens in circulation.

How Is ApeCoin (APE) Secured?

ApeCoin is an ERC-20 token that is based on the Ethereum network. As such, it’s secured through the proof-of-work consensus, which is used to add new blocks to the network.

What Can You Use ApeCoin (APE) For?

ApeCoin will be used to purchase merchandise in the metaverse that Yuga Labs is building. It will be used to pay for events in that metaverse and to purchase a wide variety of services.

APE tokens will also be the primary token for the pay-to-earn update for Benji Bananas.

Aside from this, Time Magazine has declared that they’ll soon be allowing customers to use ApeCoin (APE) to pay for subscriptions. Famous rappers Wiz Khalifa and Snoop Dogg have released 8 songs that fans can only purchase when they use ApeCoin.

ApeCoin News

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ApeCoin Community

Best ApeCoin Apps

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Trade crypto at competitive rates in Changelly
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Trade crypto, stock, and metals in one place
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Best ApeCoin Wallets

Earn up to 8% yield on your crypto with Secure Wallet
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$85 USD
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Limitless wallet addresses on one device
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Easy-to-use, ready within 10 minutes
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Manage over 5,500 digital assets + install over 100 apps
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Full colour touchscreen + encrypted storage on cloud
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Connect through Bluetooth + use Ledger Live app
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Earn up to $16 worth of crypto in Coinbase
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Stake and earn almost up to 40% yield
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Manage multiple wallets in one platform
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IOTA
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ApeCoin Analysis

ApeCoin (APE) Analysis Summary

ApeCoin is a new project from Yuga Labs, the first set of projects toward realizing its metaverse goals. So, for the moment, ApeCoin is just tied to the upcoming Yuga Labs metaverse and their NFTs. It acts as the official token for all transactions in that metaverse.

Of course, companies like Times Magazine, along with rappers Snoop Dogg and Wiz Khalifa, accept ApeCoin-based transactions. However, that’s just the minority, as this digital coin is still in its early stages. Nevertheless, many crypto experts see promise in ApeCoin. As a Yuga Labs project, they believe it will show its worth sooner or later.

Crowd Wisdom has analyzed the performance of ApeCoin over the short period it’s been released. They believe that by 2025 there will be an upsurge in cryptocurrency usage. As such, the price of ApeCoin is purported to reach a maximum of $20.39.

Business 2 Community, however, is much more optimistic about the future of ApeCoin. They believe that by 2023 most of the uses devised for ApeCoin would have already become a reality. As such, its price could reach $90, and in 2024 that would rise to $135.

Analysis Q&As

What is ApeCoin price today?

ApeCoin price today is [price] within 24-hour trading volume of [Volume].

What was the highest price for ApeCoin?

ApeCoin hit an all time high of [All High].

What was the lowest price for ApeCoin?

ApeCoin had an all time low of [All Low].

What was the 24 hours trading volume of ApeCoin?

The 24 hour trading volume of ApeCoin is [Volume].

Where can ApeCoin be traded?

You can trade ApeCoin on Crypto.com, Kraken, Binance, and FTX. The popular trading pairs for ApeCoin in the market includes APE/USD, ApeCoin/CAD, ApeCoin/EUR, ApeCoin/GBP, and ApeCoin/AUD. ApeCoin is a token that is related to the ... categories.

What exchange is ApeCoin on?

Online traders can buy or sell ApeCoin (APE) on the top crypto exchange, such as Crypto.com, Kraken, Binance, and FTX.

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ApeCoin Technicals

See Comparewise coin rating definitions for more information.

ApeCoin Price Statistics
ApeCoin Price Today

08/16/2022

ApeCoin Price

$22,014.48

ApeCoin Price Change (24H)

$22,014.48

ApeCoin Price (24H Low)

$22,014.48

ApeCoin Price (24H High)

$22,014.48

ApeCoin Price (All Time High)

$22,014.48

ApeCoin Market Cap

$22,014.48

ApeCoin Volume (24H)

$22,014.48

ApeCoin Circulating Supply

$121.3M

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