ApeCoin is the utility token of The Bored Ape Yacht Club, an NFT chain that has more than 1000 NFTs in its collection. ApeCoin is an ERC-20 governance token that is used within the APE ecosystem. ApeCoin was founded by the same ecosystem that created the Bored Ape Yacht Club NFTs. Its utility is to support the developments that the team plans to bring to the NFT chain and power the expansion of the club to greater heights.
ApeCoin, although minted very recently, is already the #46th cryptocurrency by market cap. It commands a total market share of more than $3 billion at writing. The all-time-high created by APE sits at around $39.
ApeCoin is still relatively new to the market since it was launched on March 17th, 2022. There’s a lot that experts still can’t predict about the future of the coin even though it seems to be fundamentally sound.
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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
ApeCoin cryptocurrency is the utility token of the ApeCoin DAO and can be used to buy products and services created by the founders of Bored Ape Yacht Club.
37 Cr. APE
38% Buy 62% Sell
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