The floor price of the Bored Ape Yacht Club has fallen 50% from the beginning of this month as prices and sales volume of NFTs suffer across the board.
ApeCoin (APE) Price Index
ApeCoin, which trades under the ticker APE, is a crypto asset that represents a project and community aimed at harnessing blockchain technology for cultural advancement. APE is an ERC-20 token (a type of token running on the Ethereum blockchain), with a portion of its supply gifted to particular nonfungible token (NFT) holders.
What is ApeCoin (APE)?
ApeCoin launched in March 2022. Holders of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs could collect an allotment of APE tokens in the first half of 2022 based on which and how many of the two NFTs they held. Holding a BAYC NFT entitled the holder to a larger amount of APE than holding a MAYC NFT. Holding a Bored Ape Kennel Club (BAKC) NFT in tandem with a BAYC or MAYC NFT also affected the amount of APE the holder could claim.
ApeCoin’s ecosystem is led by a decentralized autonomous organization (DAO) called the ApeCoin DAO. ApeCoin holders have the ability to be DAO members, granting them the power to have a say in ecosystem matters. The APE Foundation also exists to support the ApeCoin ecosystem, as well as carry out actions decided upon by the ApeCoin DAO.
Regarding ApeCoin’s total supply, the ApeCoin project asserts that APE has a capped supply of 1 billion, with no ability to create further APE tokens or burn existing ones. The NFT holders mentioned above as a whole could claim a total of 15% of the 1 billion supply.
The ApeCoin crypto asset
Where can you buy ApeCoin (APE)? The APE crypto asset is available on many well-known crypto exchanges. The top of the page shows ApeCoin’s price today in U.S. dollars (USD) as an APE to USD live price. The page also includes ApeCoin’s market cap and more.
While investigations are underway, the ongoing attack on various crypto platforms may be connected to the compromise of Coinzilla, an advertising and marketing agency.9924
APE risks crashing into unchartered price territory as it follows Bitcoin and the rest of the crypto market.7945
Weak retail demand and bearish derivatives data reflect a dismal short-term outlook for the crypto market.14222
ApeCoin DAO board member Yat Siu said that there is currently "no discussion" regarding an exclusive chain for APE.9333