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Topic: Is it profitable to invest in ApeCoin(APE)?? (Read 239 times)

sr. member
Activity: 1484
Merit: 254
August 25, 2022, 10:51:55 AM
#30
Apecoin like a roller coaster I once bought when the price of rising at $ 18 but unfortunately there was a long correction so I sold when the price of $ 14 or loss, and now the price is around $ 5, of course Apecoin or other coins have almost the same trend when there is a decline, but in my opinion Apecoin is worth buying because we have great potential to pass ATH.
hero member
Activity: 1400
Merit: 623
Its vastly overvalued and tied to a dying brand, which is the Bored Ape Yacht Club.

I mean if all the Nazi references aren't enough for you, its the fact that the project requires constant social media hype and marketing to retain its silly high NFT prices.

Bored Apes have been in steady decline since late April. I think they have a long way to go before bottoming out, which if I had to guess, is a floor price of around 30 ETH (compared to its current 76 ETH).

$APE may present a good long-term short opportunity but is of course subject to sudden pumps on news of their metaverse project.

Fair point. Since this token was subjected to early hype due to its effective marketing before, The price skyrocket for a long time even the whole market is crashing and now the time come when no one is already buying it anymore which cause a continuous dump to follow the general market trend where it should belong. Apecoin is the most hype coin before and i’m sure that many traders is still keeping an eye for this token because it’s the best investment opportunity when the crypto market recover.
legendary
Activity: 3010
Merit: 8114
Its vastly overvalued and tied to a dying brand, which is the Bored Ape Yacht Club.

I mean if all the Nazi references aren't enough for you, its the fact that the project requires constant social media hype and marketing to retain its silly high NFT prices.

Bored Apes have been in steady decline since late April. I think they have a long way to go before bottoming out, which if I had to guess, is a floor price of around 30 ETH (compared to its current 76 ETH).

$APE may present a good long-term short opportunity but is of course subject to sudden pumps on news of their metaverse project.
sr. member
Activity: 1638
Merit: 251
Well, apecoin is top 50 coin in cryptocurrency if we see coinmarketcap website.
The coin is quite new if we compare with other top 50 coins, which means this coin is a good coin, new coin with high marketcap.
The coin audit has done by certik, which is a good sign. With a glance, this coin is a good coin for me.
sr. member
Activity: 1498
Merit: 251
KUWA.ai
Any tokens in the market that traded in so many big exchange sites like ape token would always be very profitable to be used as investment but so the result would be back to yourself whether you can catch the bottom or not.
Invest in any legit crypto will give you profit and talking about whether ape token will give your profit or not seems to be a non sense question for me.
The fact that if any crypto even garbage token can give you profit as long as you can being a smart person to catch the chance.
sr. member
Activity: 1079
Merit: 352
all coin can become profitable, you must see that a catalyst that leads to an event or big news will always pump the price.
Back to ape coin, will it become profitable? sure, as long they stay in this industry and do not go bankrupt. They will still pump here and there.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Even thought ApeCoin exists on the Ethereum blockchain, is it profitable? Huh Huh
during a bear market like now, of course you can invest in any altcoin you like, especially Apecoin,
we already know that Apecoin was hype at that time, yes the time when NFT was trending, but now a lot of NFT has dropped dramatically,
this is why Apecoin is also following this bearish trend, if you want to invest of course this is a good time, accumulate some Apecoin and hold for the long term
Maybe this is a good time, but don't take too big a risk by spending a lot of money because Apecoin has already reached its ATH and we won't know if Apecoin will be able to reach ATH again or if the price will stay below. The NFT trend is going down because the market trend is also not good at the moment, so maybe you can choose other coins instead of investing in new ones. But that's just a suggestion and I hope you can look for more info to find out if it's worth it to keep investing in Apecoin.
hero member
Activity: 2226
Merit: 610
Even thought ApeCoin exists on the Ethereum blockchain, is it profitable? Huh Huh
APE is a token that has a very large project mission, supported by many great people behind it, of course it sounds very profitable. But don't expect you to make a profit in the short term, you will make a profit if you hold it long term.
legendary
Activity: 3780
Merit: 1418
Even thought ApeCoin exists on the Ethereum blockchain, is it profitable? Huh Huh

That's an odd question.  Are you insinuating that nothing on the eth chain is/has been profitable?  Honestly that doesn't have as much bearing on it than the team behind it.  Don't think long term ape nfts will be worth anything and likewise apecoin seems like just a fad to me.
member
Activity: 423
Merit: 11
Even thought ApeCoin exists on the Ethereum blockchain, is it profitable? Huh Huh
ApeCoin is one of the coins that get the most investors so it is included in the list of 36 Coinmarketcap. I think they focus more on NFT. Including 150 million tokens can be claimed for free for MAYC NFT holders. If their NFT goes well, then the price of the coins will of course increase.
full member
Activity: 1064
Merit: 101
Even thought ApeCoin exists on the Ethereum blockchain, is it profitable? Huh Huh
during a bear market like now, of course you can invest in any altcoin you like, especially Apecoin,
we already know that Apecoin was hype at that time, yes the time when NFT was trending, but now a lot of NFT has dropped dramatically,
this is why Apecoin is also following this bearish trend, if you want to invest of course this is a good time, accumulate some Apecoin and hold for the long term
hero member
Activity: 2114
Merit: 562
Even thought ApeCoin exists on the Ethereum blockchain, is it profitable? Huh Huh

All of the cryptos now is on the downtrend market, investing in today's market is quite risky but if you hit the bottom you are lucky enough to wait for the good spike, well apecoin is quite good, but again, it defends on your DIOR.
sr. member
Activity: 1722
Merit: 269
Even thought ApeCoin exists on the Ethereum blockchain, is it profitable? Huh Huh

Apecoin is one of those projects that started with a huge marketcap right off the bat, just like the token from Uniswap for example. The reason for that is, that a pretty big number of users got those tokens for free because they used their platforms or products before. This also means though that a lot of people are holding this tokens now that have a significant value and they did not pay any money for that which means they also don't have a price range where they have to sell in order to be in the profit zone.
So there can be a big sell pressure for this tokens at all times. So i would be very careful to invest in a token that was distributes in such a way. Either you were one of the lucky ones that got them for free, or you skip that project.
member
Activity: 756
Merit: 16
BIB Exchange

Apecoin won't exceed Bitcoin and Ethereum but it's good investment ApeCoin is still young so invest now no objective answer exists Apecoin is risky like all investments Apecoin's prive history can help you decide if it's good investment also consider Apecoin's use cases Apecoin is one of the best metaverse coins despite being new It's part of one of the top Nft lines bored Ape yacht club Ape coin a smart investment Apecoin allows customers access to the bored Ape ecosystem including games and products these high growth cryptocurrency market elements coluld boost Apecoin's worth.
member
Activity: 130
Merit: 11
Apecoin is good thanks to its NFT though, hmm if I have to add Apecoin to my list it will be if BTC dump to 13k, this projects are already big so making reasonable gains from them will be hard unless you buy the tokens for cheaper rate.
hero member
Activity: 2982
Merit: 610
Even thought ApeCoin exists on the Ethereum blockchain, is it profitable? Huh Huh
I'm not sure how this project is going in the future but as long as it was active, profit can be possible. However, in this bear market situation, that seems too hard to make it, not even those coins that have a higher profitability rate. But for me, if we aim for a long-term investment, Apecoin couldn't be on my list. I'd see APE has been surging the last bull season but I think that was the last hype it made and this is due to heavy market competition.
member
Activity: 368
Merit: 15
This project has no real utility than backing the popular NFT that everyone knows, I believe the reason it's this popular is because of the NFT if not the value would have dropped a lot by now, 5$ per token in a bear market? ....
sr. member
Activity: 1274
Merit: 457
Even thought ApeCoin exists on the Ethereum blockchain, is it profitable? Huh Huh
It is true that it is down more than 85% of its ATH. But if you see currently the hole cryptocurrency market volume has decreased due to bad market conditions. But this coin is could be a promising coin because its trade volume is very high and also it is listed on most of the good exchangers and their project team is also strong. I think it is possible to earn a profit if you invest here. But if you want to invest 100% security then it is better to choose Bitcoin.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
This token looks strong but only caused by the hype. I meant you must also know so well about the history of ape NFT. It's still profitable if it will be going back to the old ATH but it would not happen next year. Buying altcoin will always be profitable as long as you know that which altcoin that already reached bottom. Buying at the bottom is a must caused by that was increasing your chance to get a lot of profit even from ape token. Think about that.
Everything is worth to buy except scam token in the market.
full member
Activity: 315
Merit: 100
All-time-time: $39.40
Present price: $5.16
Marketcap: $1.58 billion
Max and total supply: 1 billion
Circulating supply: 306.875 million.

A coin with over a billion dollar marketcap is strong, but Terra Luna was over 1 billion marketcap before its failure when people that invested in it lost their money. It is better you invest the amount of money you can afford to lose on altcoins, but not bad to invest on the coin.

But I prefer to advice people to invest in bitcoin.


Yuppp, there is a chance Roll Eyes Thanks for your advice...
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