Is it profitable to invest in ApeCoin(APE)?? - page 2.

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Quote from: teddybear on August 23, 2022, 05:07:24 AM

Even thought ApeCoin exists on the Ethereum blockchain, is it profitable? Huh

Apecoin ATH was 39$ and present price is $5 . Since this coin is listed by other good exchangers with Binance. it may have a good future and I have seen that its circulating supply is very low. So if the project team works well and their effort is there to make the project better. So maybe in the future if the price of Bitcoin increases. This coin can also generate new ATH. so this Coin can be suitable for investment . but do your own research before investing on any crypto

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It can and couldn't be profitable. In contrast right? 'coz no crypto would guarantee you profit. Investing would be enough to determine whether it would be a good one or not. Ofcourse, creating your analysis would be a factor but to determine is another thing. It is like testing your hypothesis whether something is beneficial or not to someone. Just like any crypto, APE has a tendency to be have a huge name but do you think it will be assured that it would? Concept is good but on my end, I guess it just ressembles the known nft projects. This is just a general perspective, I, myself did not take time to study this coin so yeah, I think we can say that industry is just a matter choosing your own poison.

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Quote from: teddybear on August 23, 2022, 05:07:24 AM

Even thought ApeCoin exists on the Ethereum blockchain, is it profitable? Huh

You can make a profit by investing in any coin that is available on the market. The only difference will be when you bought it. And if the coin is bought at the lowest price, then, accordingly, the chance to earn will be higher than if you bought it at high.

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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.

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Quote from: teddybear on August 23, 2022, 05:07:24 AM

Even thought ApeCoin exists on the Ethereum blockchain, is it profitable? Huh

What do you mean "even though"? Imho it's BECAUSE it exist there it might be. Also because devs have pretty much stroke a gold mine with their apes in the first place. ApeCoins doesn't even need to be anything special, just the brand behind it sells eventually. I thought that apecoin was overpriced when it came to markets but who knows what road the developement takes it

Quote from: samcrypto on August 23, 2022, 06:12:57 AM

Buying the token or the NFTs?

Why would he talk about Ape NFTs in this post?

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Quote from: teddybear on August 23, 2022, 05:07:24 AM

Even thought ApeCoin exists on the Ethereum blockchain, is it profitable? Huh

Buying the token or the NFTs?
If you are planning to buy an Art know that you need a big capital on that and probably it can only be profitable once the market becomes better but if not then it will just remain as NFTs. The utility of their token is to buy their land and nfts, you can just have the token itself and trade with it. Profit will come once you already know what kind of strategy you are going to use, and ETH network can’t guarantee any profit at all.

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Quote from: teddybear on August 23, 2022, 05:07:24 AM

Even thought ApeCoin exists on the Ethereum blockchain, is it profitable? Huh

Apecoin is the same with other altcoins. Not sure what is the utility of apecoin aside from can be used to buy their land and nft on ape ecosystem but probably youll only get to earn from it with its value which is quite low for now since the market crash happened. So waiting together with other altcoins is the best thing to do. Or if there are staking program for apecoin, do staking while holding at least you earn something.

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Quote from: teddybear on August 23, 2022, 05:07:24 AM

Even thought ApeCoin exists on the Ethereum blockchain, is it profitable? Huh

All cryptocurrencies have come to the point of being profitable until the dump and massive correction happen. So, everyone will have to say that they're holding a profitable coin just like me that I've been always telling that holding bitcoin is profitable because it's what I have and I've profited from it. Those that are following Apecoin and holders of it will tell the same thing. If I'll invest, it won't be that complicated to me and will be determined to hold and buy coins that I know that I've made a research.

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Even thought ApeCoin exists on the Ethereum blockchain, is it profitable? Huh

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