Price Predictions

Apecoin Price Prediction – Can Apecoin Reach $50?

3 Mins read

Welcome to bulliscoming media, Apecoin is a new cryptocurrency that has been gaining a lot of attention in crypto space before it even started trading in the open market, this has begs the queyy “Apecoin price prediction”. ApeCoin (APE) is the native governance token that empowers the decentralized community building of the APE ecosystem. The APE ecosystem includes the community of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC), two of the most popular NFT collections on the Ethereum blockchain.

In this article, I will be letting you know the Apecoin price prediction based on the fundamental factors. But before then, I will be giving you more insight into the details of Apecoin.

What Is ApeCoin?

ApeCoin is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize a decentralized community building at the forefront of web3.

ApeCoin holders govern themselves via the decentralized governance framework controlling the ApeCoin DAO, and vote on how the ApeCoin DAO Ecosystem Fund should be used. The APE Foundation administers proposals agreed upon by ApeCoin holders.

Who Are the Founders of ApeCoin?

ApeCoin is a decentralized project inspired by Yuga Labs’ Bored Ape Yacht Club project. ApeCoin was founded to be used within the burgeoning APE Ecosystem, which is supported by the APE Foundation. The ApeCoin DAO aims to build and maintain the APE Ecosystem in a fair and inclusive way, providing an infrastructure for ApeCoin holders to collaborate through open and permissionless governance processes.

An administrative council within the APE Foundation (the “Board”), will carry out the decisions of ApeCoin DAO members. The Board is responsible for the day-to-day administration, bookkeeping, project management, and other tasks that ensure the Community’s ideas have the support they need to become a reality. ApeCoin DAO members vote on Board members.

What Makes ApeCoin Unique?

ApeCoin is the APE Ecosystem’s governance token, allowing token holders to participate in ApeCoin DAO and giving its participants a shared and open currency that can be used without centralized intermediaries. 62% of all ApeCoin was allocated to the Ecosystem Fund, which will support community-driven initiatives as voted on by ApeCoin DAO members.

ApeCoin also gives access to certain parts of the Ecosystem that are otherwise unavailable, like exclusive games and services. For third-party developers, ApeCoin is a tool to participate in the ecosystem by incorporating ApeCoin into services, games, and other projects.

The APE Foundation was gifted a 1 of 1 NFT by Yuga Labs, the creators of Bored Ape Yacht Club. Yuga Labs has conveyed all rights and privileges to this NFT and its underlying artwork to the APE Foundation. The ApeCoin DAO members can decide how this intellectual property is used.

Apecoin Price Prediction

Apecoin price prediction

Before we discuss the price probability of Apecoin, let’s analyze and consider its fundamental metrics.

Like it was mentioned in this article description, Apecoin will be the Ape ecosystem governance token and utility token, ApeCoin DAO exists because decentralized governance is critical to building and managing a globally dispersed community—and therefore critical to the success of the APE ecosystem.

The APE Improvement Proposal Process (see Governance) will allow ApeCoin DAO members to make decisions regarding Ecosystem Fund allocations, governance rules, projects, partnerships, and beyond. ApeCoin DAO membership is open to all ApeCoin holders.

The APE Foundation is the steward of the APE coin, which is a base layer on which ApeCoin holders in the ApeCoin DAO can build.

Apecoin is a cryptocurrency that’s considered the major tool for third-party developers to participate in the ecosystem by incorporating APE into services, games, and other projects.

Furthermore, Coinbase global (leading cryptocurrency exchange) recently added the price label for Apecoin which will attract Coinbase users’ attention. Binance also announced the listing of Apecoin on 17th March 2022.

In addition, nWayPla recently developed a play-to-earn game, and they have announced the adoption of Apecoin in the P2E game.

Moreover, the owner of the Sandbox metaverse platform (Animoca Brands company) also announce its contribution to Apecoin as a token to be used to buy NFT that can be used to activate play-to-earn for BenjiBananas (a free play-to-earn game developed by Animoca Brands).

Considering the massive adoption of Apecoin by different companies and organizations, it’s no doubt that Apecoin has garnered enough traction from different communities, as the Apecoin total supply is 1 Billion, the Apecoin price prediction is $1 – $50.

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About author
Samson Olatinwo is a creative content creator, a young fellow that derives passion from creating insightful content about cryptocurrency and blockchain technology. A cryptocurrency analyst, trader & investor. samsonolatinwo3@gmail.com
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