Apecoin Price Prediction – Can Apecoin Reach $50?
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 factor and technical aspect.
What Is Apecoin?
ApeCoin is an ERC-20 governance and utility token used within the APE ecosystem to empower decentralized community building at the forefront of web3.
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.