ApeCoin (APE) - the cryptocurrency of the most famous NFT in the world

Sample NFT from the collection Bored Ape Yacht Club (Bayce) i Mutant Ape Yacht Club (Mayca) costs now over 262 thousand USD, i.e. over PLN 1,1 million. No wonder, because their owners are the richest people in the world, such as rapper Eminem. Will it be similar with the ecosystem token, which can already be purchased, among others on the largest cryptocurrency exchange, i.e. Binance? We check.

We continue the cycle of the Forex Club portal, in which we analyze and describe the largest, highest-valued, most interesting, most developmental, advanced and also the most controversial cryptocurrency projects around the world. Today it's time for ApeCoin (APE), i.e. a cryptocurrency, which is the most famous token the NFT ecosystem, thanks to which the non-exchangeable tokens became known all over the world.

READ NECESSARY: Watch out for NFT scams - don't be fooled by scammers!

First Bored Ape Yacht Club, now Apecoin (APE)

ApeCoin is a token directly related to the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) ecosystems. Therefore, from the very beginning, it can count on great recognition. The project does not have to worry about marketing, so that potential investors know who created it and what opportunities it offers. 

Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) are the most recognizable NFT projects in the world. It can even be said that it is from this collection, placed on Ethereum blockchain, investing and the huge development of non-exchangeable tokens began. They were created by Yuga Labs, and since this company has recently also bought the rights to the Crypto Punks series, some are already starting to say that the NFT market is starting a monopoly - these projects are by far the most famous and the highest valued. 

Suffice it to say that a sample NFT from the BAYC collection that can be purchased through the platform OpenSea, is valued at - a trifle - over 262 thousand. USD, i.e. over PLN 1,1 million! And a year ago it could be bought for about 1 thousand. zloty.

What is Apecoin (APE)?

NFT tokens from the collection "Bored monkeys" the richest people in the world are already in their wallets. The recently known rapper Eminem has joined them. On the wave of interest, it was also decided to release the ApeCoin (APE) token. Primarily for NFT owners of the NFT Bored Ape series. Each owner initially received around 10 APE through airdrop.

Holders of NFT and APE tokens will be able to use inaccessible to other parts of the ecosystem (similarly to NFT holders). The plans include dedicated and limited products, but also entering the world of exclusive games or participation in events exclusively for ApeCoin owners, or their strictly defined and probably quite a large number. It was similar with the owners of NFT bored monkeys, whose owners could take part, for example, in an event on an exclusive yacht, during which prizes could be drawn, e.g. new ferrari.

 Cryptocurrency Quote ApeCoin (APE)

The creation of the APE cryptocurrency was a big event on the market. The tokens were placed on the largest cryptocurrency exchanges in the world almost immediately: Binance,Coinbase,KuCoin,Huobi, Crypto.com, FTX token, Uniswap or Mandala. Currently, the ApeCoin cryptocurrency can be traded on 11 cryptocurrency exchangesalthough it has only been operational since the previous week. Recently, APE even joined the offer of the international broker eToro.

As of March 20, 2022, you must pay $ 11,06 for each token. 130 of the target 000 APEs are in circulation. This translates into a capitalization of nearly $ 0000 billion. The peak of quotations took place on March 1, 000, but it is difficult to determine exactly because there was a lot of confusion. Some exchanges have traded under $ 000, while others have traded for as low as $ 000! 

APE / USDT token chart, H1 interval. Source: Binance platform