Curious about ApeCoin price prediction? You’re in the right place. ApeCoin is a famous cryptocurrency linked with the Bored Ape Yacht Club NFTs. It powers a fun and growing digital world of gaming, art, and Web3 projects.
People use ApeCoin for trading, voting, and joining exclusive online events. The coin’s value keeps evolving, so staying updated is really important. In this article, you’ll learn what ApeCoin is, how it works, and where to buy it in Australia. Let’s discover why ApeCoin is one of the most hyped coins in the crypto space today.
Live Apecoin Price Chart
The chart shows ApeCoin’s current price of $0.571093, up 1.01% in 24 hours. It displays support and resistance lines, moving averages, and price predictions. It highlights a likely downward trend.
What Is ApeCoin (APE)?
ApeCoin (APE) is a digital token built on Ethereum. It connects to the famous Bored Ape Yacht Club NFTs. It is used for trading, payments, and online community activities. ApeCoin also lets holders vote on project decisions through the ApeCoin DAO.
The coin supports gaming, art, and Web3 projects. It brings creators and fans together at one digital platform. ApeCoin has a total supply of one billion tokens. The coin’s limited supply helps in maintaining value over time.
Moreover, it is easy to buy or trade on major exchanges. Overall, ApeCoin operates an expanding digital world focused on creativity and community. It aims to become a major player in the metaverse economy. The project encourages innovation and ownership among users. ApeCoin helps connect traditional finance with new-age digital assets seamlessly.
Who Are the Founders of ApeCoin?
The Ape Foundation launched ApeCoin to support the Bored Ape community. Yuga Labs inspired it but doesn’t control it. The Ape Foundation manages operations and supports community decisions. Its main goal is to keep the project fair and transparent.
Through the ApeCoin DAO, holders vote on proposals and plans. The DAO also elects a board to guide key actions. This structure keeps the ApeCoin community-led and decentralised. Everyone holding APE has a voice in its direction.
ApeCoin’s founders created a coin that is built on teamwork and trust. It continues to increase through its active and loyal community. The project flourishes because of mutual goals, strong leadership, and open governance. Every decision is made to protect customers’ interests while promoting growth. Partnerships remain at the heart of ApeCoin’s mission.
What Makes ApeCoin (APE) Unique?
ApeCoin stands out in many ways compared to regular tokens. First, it gives holders governance power through the ApeCoin DAO. If you have APE, you can vote on proposals, which makes the community part of the project, not just observers.
Next, ApeCoin ties closely to a strong NFT brand: the Bored Ape Yacht Club (BAYC). As BAYC already has fame and fans, ApeCoin enjoys instant credibility and visibility. Also, its tokenomics are planned, it has a fixed supply of one billion APE. Some coins are locked at the start to prevent huge dumps.
Moreover, ApeCoin focuses on deep integration in web3, gaming, and metaverse projects. Developers can use it in games, applications, and virtual worlds. Finally, its blend of utility and governance makes it more than just a speculative asset. Holders get real function and influence. That balance is rare among many tokens.
How Many ApeCoin (APE) Coins Are There In Circulation?
ApeCoin has a fixed maximum supply of one billion APE. That cap is written into its token contract. As of recent data, the circulating supply is about 752,651,515 APE. That means roughly 75% of the total are active in the market.
Some sources report slightly different numbers. For example, Kraken says 909 million APE are circulating. But this may include tokens that are unlocked or movable. At the time of launch, some tokens were locked to be released later. This locking helps control early sell pressure.
Also, the distribution matters: the APE Foundation, Yuga Labs, the founders, launch contributors, and the community all got allocations. So, while the total is one billion, what really matters is how many are active now, and that number can shift slightly as locked tokens unlock.
How Is the ApeCoin Network Secured?
ApeCoin uses multiple layers of protection. First, it is an ERC-20 token built on Ethereum. Ethereum uses proof-of-stake and a huge network of validators. This gives ApeCoin strong security.
Next, ApeChain adds more safety. ApeChain is a dedicated Layer-3 chain. It runs via Arbitrum Orbit, which itself settles on Ethereum. That means ApeChain inherits Ethereum’s security. It lowers fees and keeps transactions fast.
Developers audit the code regularly. They check code for bugs or weak spots. Also, the DAO allows token holders to vote on security changes. That ensures accountability. Moreover, when tokens had initial lock-ups, that reduced early sell-off risks. Locked tokens unlock gradually. This reduces sudden supply shocks.
Finally, ApeCoin uses standard Ethereum wallet protections: private keys, secure wallets, and third-party audit tools. Such tools help in preventing hacks. Thus, ApeCoin blends a strong on-chain architecture and proper governance to stay secure.
ApeCoin Ecosystem
ApeCoin has a vibrant and growing ecosystem. It relies on NFTs, games, metaverse projects, and community tools. BAYC, MAYC, and BAKC NFT owners gain special access and rewards. The Otherside metaverse by Yuga Labs is also a major part. ApeCoin serves as currency in Otherside. Virtual land, assets and other services are bought using APE. This increases the utility of the coin.
Third-party developers build games and apps with ApeCoin. For example, “Benji Bananas” gives rewards in APE. Also, the $APE Accelerator helps startups grow within the ecosystem. ApeCoin DAO guides grants, partnerships, and feature proposals. Coin holders vote on projects which improve the ecosystem. They approve funding and direction through proposals.
In addition, ApeChain infrastructure supports scaling. It reduces fees and enables more apps. It helps the ecosystem expand across blockchains. Overall, the ecosystem mixes creative art, games, and tech. It rewards participation. It offers real use. For many, this makes ApeCoin more than just a token.
Frequently Asked Questions (FAQs)
What is the history of ApeCoin?
ApeCoin was launched in March 2022 and was inspired by the BAYC NFT collection. It was created by the Ape Foundation to help build a community where users can make decisions together. Since then, APE has become an important token used in gaming, art, and metaverse projects, making it a strong part of the Web3 world.
What are the all-time high and all-time low prices for APE?
ApeCoin reached its all-time high price of $26.70 shortly after launch in 2022. The all-time low recorded price is $0.3548, demonstrating how volatile the crypto market can be. But price movements depend on overall demand, adoption, and changes within the broader digital currency space.
What is the market cap of APE?
The market cap ranges from $416 to $436 million. The market cap is calculated by multiplying its current price by the circulating supply. This value helps traders in understanding a coin’s overall market value in comparison to other cryptocurrencies and assessing its relative position in the cryptocurrency space.
What is the fully diluted valuation of APE?
The coin’s FDV measures its value if all one billion tokens circulate. It can be found through multiplying the current price with the total supply. Fully diluted valuation helps investors in estimating potential future value and comparing APE’s growth potential against other crypto assets in the market.
Is this a good time to invest in ApeCoin?
It depends on your investment aims and risk tolerance. The crypto market is highly volatile, so always research recent price trends and project updates before investing your funds. Moreover, always consider your budget and long-term strategy to decide if now aligns with your future financial goals.
What affects the ApeCoin price?
The coin’s price changes with market demand, investor sentiment, and global crypto trends. Project updates, token unlocks, and DAO governance votes also influence price swings. Furthermore, news about NFT markets and Ethereum’s overall performance can cause short-term fluctuations in ApeCoin’s trading value.
How can I evaluate prices by reading the ApeCoin chart?
You can study ApeCoin charts using indicators like moving averages, support levels, and trading volume. These tools reveal trends and entry points. Over time, consistent analysis helps you understand price behaviour and make informed buying or selling decisions more confidently in changing markets.
How do I report my ApeCoin transactions for tax purposes?
In Australia, crypto transactions count as taxable events. You must report all your profits or losses in the annual tax return. Always keep records of purchase and sale dates, prices, and amounts. Using crypto tax software can simplify this process for you and will ensure accurate reporting.
