Ape Coin – Bored Ape Coin Guide

Ape Coin - Bored Ape Coin Guide

Ape Coin – Bored Ape Coin Guide that will run you through this newly emerged crypto coin.

Are you fascinated by the quickly rising prices of Ape Coin? Are you eager to put your money in it but don’t know how to buy Ape Coin? No worries, as we are here to address all your queries and make your life easy.

Cryptocurrency has continued to grow in 2022, and numerous new crypto coins have arrived on the market. Some of them struggle to get going early. But some just get a big pump straightaway.

Ape Coin belongs to the second cluster of new coins and is enjoying some early success. To know more about this digital currency, keep reading till the end.

What Is Ape NFT Coin, And Who Owns ApeCoin?

Ape Coin is a new cryptocurrency launched by ApeCoin DAO. ApeCoin DEO is a governing body where all the APE holders are members. So, whenever a proposal comes across this governing body, the voting from all the stakeholders decides on it.

Have you previously heard about the Bored Ape Yacht Club NFT collection? This NFT collecting organization has launched its own cryptocurrency, called the ApeCoin. ApeCoin is a special type of cryptocurrency created on the Ethereum blockchain.

Ape Coin is a new cryptocurrency launched by ApeCoin DAO. ApeCoin DEO is a governing body where all the APE holders are members. So, whenever a proposal comes across this governing body, the voting from all the stakeholders decides on it.

Have you previously heard about the Bored Ape Yacht Club NFT collection? This NFT collecting organization has launched its own cryptocurrency, called the ApeCoin. ApeCoin is a special type of cryptocurrency created on the Ethereum blockchain.

But how do we distinguish them from the NFTs? Unlike NFTs, they are fungible. It means that a unit of Apecoin will have the exact same value as the other one. So, you can just trade them freely on a digital platform.

ApeCoin Price And Trading History

Launched only about two weeks ago at only about $1, ApeCoin is now standing at $13.43. Wow, wow, wow, that’s astounding progress in just a couple of weeks. It means that the coin’s value has increased 1243% in about no time.

But, there’s more to discover here for you. The coin was launched on the 16th of April, and it rocketed to $12.93 in only two days. Then it started to decline and reached $9.61 in the next two days. Moving on, the rise started again, and the coin reached its new peak of $13.37 in the next five days.

That’s not it, another decline followed for two days, and the coin slipped to $12.39 by March 25. So, only in 9 days, a few wild swings taken by the coin can cause a few heart attacks.

Since then, the coin has somewhat stabilized for these four days. It attained its latest peak on March 27, reaching $14.29. In the last 24 hours, the price has fallen by 8.27%.

Last but not least, the blockbuster bored Ape Coin has a market cap of $3.7B and an amazing 24-hour volume of $880.4M. Oh dear, oh dear, that looks quite unreal for a brand new crypto coin.

It is currently #28 on the list of most popular crypto coins. Well, nobody knows the future. But, based on how it has taken off, I would be lying if I said I am not expecting ApeCoin prices to be sky-high in a few months, or who knows, maybe weeks.

Let’s talk a little more about how much we should expect from this coin in the future.

Ape NFT Coin Price Prediction

You may be baffled about whether should I buy ApeCoin or not? Is apecoin a good investment for the future, and will it continue its impeccable run? Let’s see.

ApeCoin has started very brightly, but unfortunately, it will slow down soon. The reason is ApeCoin listing by its founder on too many exchanges, far too early.

Now, if we talk about future predicted values, ApeCoin is expected not to cross $22 this year. It is expected to reach $63 in 2025 and $133 in the year 2027. The most prominent rise is expected post-2027, and it may cross $600 in 2030. It would mean an increase of about 5000% in the next eight years.

Having said that, these are just predictions and not very reliable. They just give a hint of the future to the investors. You should follow their official website for Ape NFT Coin news if you consider investing in it.

Interested in buying this coin after considering everything? Let’s see how to do it.

How To Buy Ape Coin?

For buying Ape Coin, the Binance platform is the most suitable place with the lowest fees and high security.

Here is the easy step-to-step process toward buying your desired cryptocurrency.  So, let’s jump right in.

Step I: Open a free account on the Binance website or the app

The first step is to open an account and verify your identification. For this, you need to follow the underlying step:

Step 2: Choose how to buy the Ape Coin

Now, after getting registered on the Binance website or App, it’s time to buy the Ape Coin. So;

Click on “Buy Crypto” present at the top left of the Binance website, which shows the available option in your country. You can select your residence country.

You can purchase Ape Coin using;

  1. Credit/Debit Card
  2. Bank Deposit
  3. P2P Trading
  4. Third-Party Payment

Step 3: Confirm your Purchase

Now, you have made a purchase of Ape Coin. You’ll get 1 minute to confirm your order at the current price. After that, your order will get recalculated based on the current market price.

  •  For checking the new order amount, click on the Refresh button. 

Step 4: Store or Use Ape Coin in Binance

Now, after getting your cryptocurrency, you can keep it in your digital wallet or store it in the Binance account. 

What Is Bored Ape Yacht Club Coin?

Ape Coin - Bored Ape Coin Guide

Bored Ape Yacht Club is a collection of 10,000 NFTs. Yuga labs create these NFTs containing Apes with varying colors, backgrounds, and accessories.

It’s the same club that has launched the ApeCoin cryptocurrency. In brief, this club is the owner of ApeCoin NFTs and ApeCoin cryptos.

FAQs

  • Where to buy Ape Coin?

ApeCoin is available on multiple exchanges. You can buy it on eToro, Coinbase, Binance, or crypto.com.

  • When was ApeCoin launched?

It was launched on 16 March 2022 for a $1 starting price.

  • Will ApeCoin rise?

It should rise considering the current trends, but it heavily depends on the market situation and trends like the Crypto bull run. So, if you want to consider investing in it, you should stay in touch with crypto trends and news.

  • Why has ApeCoin risen so briskly?

The reason for ApeCoin rising like that is its early listing on many platforms by its founder.

Wrap Up

To summarise the story, ApeCoin is one of those few coins which have gone up straightaway after being launched. Its early success seems amazing, but it may deceive a few. It is not likely to go north steeply but slow down in a few weeks.

This blog has told you the basic concept of ApeCoin cryptocurrency, its buying procedure, its trade history, and future potential. We hope this coin goes well for you and gives you great gains.

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