ApeCoin (APE) price has increased today.
The price of ApeCoin (APE) is $1.67 today with a 24-hour trading volume of $81,800,458.07. This represents a 1.90% price increase in the last 24 hours and a 5.70% price increase in the past 7 days. With a circulating supply of 370 Million APE, ApeCoin is valued at a market cap of $614,307,277.
ApeCoin is for the Web3 Economy
Culture has found new expression in web3 through art, gaming, entertainment, and events. The possibilities for blockchain’s impact on culture are so endless that they can’t possibly all be predicted yet. APE is a token made to support what’s next, controlled and built on by the community. It will serve as a decentralized protocol layer for community-led initiatives that drive culture forward into the metaverse. Yuga Labs is a web3 company best known for the creation of the Bored Ape NFT. It will be a community member in the ApeCoin DAO and will adopt APE as the primary token across new projects.
The Ape Foundation
The APE Foundation is the steward of ApeCoin. It is not an overseer, but the base layer on which ApeCoin holders in the ApeCoin DAO can build.
The Foundation facilitates decentralized and community-led governance and is designed to become more decentralized over time. It is tasked with administering the decisions of the ApeCoin DAO, and is responsible for day-to-day administration, bookkeeping, project management, and other tasks that ensure the DAO community’s ideas have the support they need to become a reality.
The goal of the APE Foundation is to steward the growth and development of the APE ecosystem in a fair and inclusive way. It utilizes the Ecosystem Fund, which is controlled by a multisig wallet, to pay its expenses as directed by the ApeCoin DAO and provides an infrastructure for ApeCoin holders to collaborate through open and permissionless governance processes.
The DAO
ApeCoin DAO exists because decentralized governance is critical to building and managing a globally dispersed community—and therefore critical to the success of the APE ecosystem.
The APE Improvement Proposal Process (see Governance) will allow ApeCoin DAO members to make decisions regarding Ecosystem Fund allocations, governance rules, projects, partnerships, and beyond. ApeCoin DAO membership is open to all ApeCoin holders.
The Board
A special council on the APE Foundation (the DAO’s “Board”) provides, at the behest of the ApeCoin DAO members, oversight of the Foundation administrators. The purpose of the Board is to administer DAO proposals and serve the vision of the community. It meets on proposals requiring administrative review under ApeCoin DAO rules. The initial Board serves a term of six months, after which DAO members will vote annually on Board members.
- Alexis Ohanian (Co-founder of Reddit; General Partner & Founder of Seven Seven Six)
- Amy Wu (Head of Ventures & Gaming at FTX)
- Maaria Bajwa (Principal at Sound Ventures)
- Yat Siu (Co-founder & Chairman of Animoca Brands)
- Dean Steinbeck (President & General Counsel at Horizen Labs)
ApeCoin Protocol
ApeCoin is an ERC-20 governance and utility token used within the APE ecosystem to empower a decentralized community building at the forefront of web3.
As the open-source protocol layer of the ecosystem, ApeCoin serves several purposes:
- Governance - ApeCoin is the ecosystem’s governance token, allowing ApeCoin holders to participate in ApeCoin DAO.
- Unification of Spend - ApeCoin is the ecosystem’s utility token, giving all its participants a shared and open currency that can be used without centralized intermediaries.
- Access - ApeCoin provides access to certain parts of the ecosystem that are otherwise unavailable, such as exclusive games, merch, events, and services.
- Incentivization - ApeCoin is a tool for third-party developers to participate in the ecosystem by incorporating APE into services, games, and other projects.
Where can you buy ApeCoin?
APE tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade ApeCoin is Gate.io, where the most active trading pair APE/USDT has a trading volume of $3,088,151.02 in the last 24 hours. Other popular options include OrangeX and BitMart.
What is the daily trading volume of ApeCoin (APE)?
The trading volume of ApeCoin (APE) is $81,810,945.81 in the last 24 hours, representing a 11.40% increase from one day ago and signalling a recent rise in market activity.
What is the all-time high for ApeCoin (APE)?
The highest price paid for ApeCoin (APE) is $26.70, which was recorded on Apr 28, 2022 (over 1 year). Comparatively, the current price is -93.80% lower than the all-time high price.
What is the all-time low for ApeCoin (APE)?
The lowest price paid for ApeCoin (APE) is $1.01, which was recorded on Oct 10, 2023 (about 2 months). Comparatively, the current price is 65.50% higher than the all-time low price.
What is the market cap of ApeCoin (APE)?
Market capitalization of ApeCoin (APE) is $614,307,277 and is ranked #102 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of APE tokens (370 Million tokens are tradable on the market today).
What is the fully diluted valuation of ApeCoin (APE)?
The fully diluted valuation (FDV) of ApeCoin (APE) is $1,666,624,236. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion APE tokens are in circulation today. Depending on how the emission schedule of APE tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of ApeCoin compare against its peers?
With a price increase of 5.50% in the last 7 days, ApeCoin (APE) is underperforming the global cryptocurrency market which is up 11.10%, while outperforming when compared to similar Polygon Ecosystem cryptocurrencies which are up 0.00%.
What is the market sentiment of ApeCoin today?
The community is bullish as more than 64% of users are feeling good about ApeCoin (APE) today.
How to add ApeCoin (APE) to MetaMask?
Adding ApeCoin (APE) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import APE as a token. You can copy APE’s contract address (0x4d224452801aced8b2f0aebe155379bb5d594381) and import it manually, or if you've installed MetaMask's chrome extension, add APE to MetaMask with one click on CoinGecko.
Add APE to MetaMask.
