Most of you have already heard of the NFT space, which is currently the most popular thing in the cryptocurrency market. In the last few days we see a huge growth in the volume of NFT trading and in this Bored Ape plays an important role. At the time of writing Bored Ape is the largest NFT project that is currently most popular among the NFT community. Recently many big stars such as Eminem, Justin Bieber, Snopp Dogg and many others have bought Bored at higher prices.
Bored Ape was launched in April 2021 with 10,000 unique limbs, and each monkey has a different identity and rarity.
Apecoin is nothing more than a governance token for Bored Ape Yacht Club as 15% of the total supply will be distributed among NFT holders, which include Mutant Bored Ape and regular original Bored Ape. The user received over 10,000 Apecoins for simply holding NFT with freedom to hold or sell as per their choice. However, instead of Airdrop Direct Bored Team decided to go with the claim token option means that if you hold NFT go to the official portal and request your airdrop.
Bored Ape’s first investor coined or initially bought NFT for 0.04 ETH, which is less than $100 in value. At the time of writing, the floor price has already exceeded 100 ETH and with the increase in interest from millionaires and celebrities continues to rise as more utility announced in the future. The team also made the official announcement of the creation of Metaverse and for that sale of land that will also take place in the coming months.
Apecoin price forecast
| Month & Year | APE price forecast |
|---|---|
| September 2022 | US$ 7.44 |
| October 2022 | US$ 11.05 |
| September 2022 | US$ 12.33 |
| December 2022 | US$ 13.05 |
| January 2023 | US$ 14.05 |
| February 2023 | US$ 10.44 |
| April 2023 | US$ 12.33 |
| April 2023 | US$ 13.55 |
| May 2023 | US$ 16.05 |
| June 2023 | US$ 16.39 |
| September 2023 | US$ 17.89 |
| December 2023 | US$ 19.11 |
| April 2024 | US$ 18.50 |
| July 2024 | US$ 21.55 |
| October 2024 | US$ 19.72 |
| January 2025 | US$ 21.94 |
| February 2025 | US$ 48.10 |
| April 2025 | US$ 49.44 |
| April 2025 | US$ 54.44 |
| May 2025 | US$ 55.27 |
| June 2025 | US$ 56.66 |
| July 2025 | US$ 63.32 |
| July 2025 | US$ 73.32 |
| September 2025 | US$ 66.88 |
| October 2025 | US$ 65.54 |
| October 2025 | US$ 76.65 |
| December 2025 | US$ 78.88 |
| January 2030 | US$ 169.42 |
| April 2030 | US$ 179.97 |
| May 2030 | US$ 202.19 |
| July 2030 | US$ 186.08 |
| September 2030 | US$ 214.41 |
| December 2030 | US$ 222.18 |
Apecoin Overview
| Project name | Bored Ape Yacht Club |
| Ticker symbol | monkey |
| Official website | Boredapeyachtclub.com |
| Total supply | 1 billlion |
| Launch year | April 2021 |
| network | Ethereum |
| substitution | Biannce, Coinbase, FTX |
| wallet | Metamask |
Apecoin Price Analysis
Apecoin was also launched on the Ethereum network following its project base network, as it follows the ERC20 token standard and will be available for trading on Uniswap considering the decentralized network. However, due to the huge volume, Apecoin immediately gets the listing of Binance, Coinbase, Gate, Huobi and other major centralized exchanges. According to CoinMarketCap, Apecoin reaches an all-time high of exceeding $20 and later fell below $6 USD. However, in the last 12 hours Apecoin is able to rise by 150% after reaching $17 USD in price. The team is already announcing the usefulness of the token, and with a strong roadmap we could see a huge increase in the price of Apecoin.
conclusion
Bored APE is one of the NFT projects that was launched in the era of development and has less hype about the concept. So, being a pioneer in the NFT project, this project has already gained huge attention from investors and so Bitcoin and other crypto whales have also invested in the project. Recently, Universal Music has also purchased tokens, and many more are expected to join in the future. Within a few hours of launch the project already enters the top 100 of the cryptographic project by volume and should keep the ranking below 100. However, the volume has recorded a billion dollars and it is expected that most whales will keep tokens until news about the metaverse is known. People who held more than 4 Bored Ape have already received airdrops worth millions of dollars, and its NFTs are still worth far above that airdrop price. So, they will not consider it for sale, so with the recent series of airdrops from opensea, looksrare and many other upcoming buyers of NFT airdrops have already earned millions consider a huge volume.
However, before buying NFT you need to do proper research, since in recent days the NFT volume sees a huge drop and potentially could continue until the end of July or even after June 2022. However, we can expect another in the NFT space, as more investors and people outside the crypto community have also joined this space.
