Ape Coin
APE
$0.74

Sector

NFT

Exchange Debut

2022-03-17

Market Cap

502,292,694

Maxim Supply

1,000,000,000

Circulating Supply

674,644,886

Circ. Supply(%)

67.46%
ApeCoin

Ape Coin

APE

Price

$0.74

Market Cap

Sector

Exchange Debut

502,292,694
2022-03-17

Volume 24h

High 24h

Low 24h

14795774
0.746226001605
0.721683211026

Change 24h

Change 7d

Change 30d

2.1633
-0.1138
-31.5522

Maxim supply

Circulating supply

Circulating supply(%)

1,000,000,000
674,644,886
67.46%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Ape Coin cryptocurrency:

Ape Coin is an ERC-20 governance and utility token that’s part of the APE Ecosystem, which aims to push the boundaries of web3 and promote decentralized governance. With a community-based model, ApeCoin holders can vote on the allocation of the ApeCoin DAO Ecosystem Fund. Following a comprehensive fundamental analysis of the cryptocurrency Ape Coin, the project has achieved an overall score of 7.67 out of 10, demonstrating considerable potential in some areas while having room for improvement in others.

SOCIAL & MASS MEDIA: Score 7.2 out of 10

The fundamental analysis of the cryptocurrency Ape Coin in the Social & Mass Media category yielded a promising score. Ape Coin excels in attracting followers on social media and establishing a media presence, scoring a full 10 in these aspects. However, its community activity and the administration of its social media pages need more engagement, hence the lower scores in those areas. Improvement in these areas could greatly enhance its overall social media standing.

AUDIT & SECURITY: Score 8.95 out of 10

In terms of audit and security, Ape Coin shows an impressive score, indicative of its strong security measures and a transparent audit trail. The project scored a perfect 10 on audit results, indicating its high security and trustworthiness. However, the transparency of information available to the public can be improved, as it only scored a 4 out of 10 in this area.

TOKENOMICS: Score 7.15 out of 10

Evaluating Ape Coin’s token economy, or „tokenomics,” it presents a slightly above-average score. While it excels in the centralization of the monetary mass (10/10), the project is moderately inflationary, scoring a 5 out of 10, which can be a cause of concern for some investors. Fundamental analysis of the cryptocurrency Ape Coin’s tokenomics indicates that balancing inflation and centralization will be crucial moving forward.

ECOSYSTEM DEVELOPMENT: Score 7.2 out of 10

Ape Coin has performed relatively well in the area of ecosystem development, with high scores in achieving its objectives and planning new developments. This indicates a robust roadmap and the ability to deliver on the set milestones.

TEAM & DEVELOPERS: Score 5.8 out of 10

Looking at the team behind Ape Coin, there is a mix of strengths and areas for improvement. While the team’s experience is above average (7/10), the low number of software developers (1/10) can be a limiting factor for the project’s future growth.

PRODUCT & UTILITY: Score 8.9 out of 10

One of Ape Coin’s strengths is the utility of its product and tokens in the ecosystem, scoring high in this category. This underlines the relevance and practical value of Ape Coin within its ecosystem.

PARTNERS & INVESTORS: Score 8.25 out of 10

Ape Coin has also performed strongly in terms of its partners and investors, suggesting that it has attracted notable investors and formed valuable partnerships. This can significantly contribute to the growth and stability of the project.

Fundamental analysis of the Ape Coin cryptocurrency – The final conclusion

Based on the fundamental analysis of the cryptocurrency Ape Coin, it is evident that the project holds significant potential. The impressive scores in audit & security, product & utility, and partners & investors demonstrate a promising investment opportunity. Nevertheless, the project has to address certain areas like improving community engagement, enhancing transparency, and bolstering its software development team.

In terms of investment risk, the low score in the team’s software development capacity could be a point of concern. Additionally, the moderate inflation score suggests potential risk from value dilution over time.

However, these risks seem to be balanced by the project’s strong points. The high utility score indicates a clear use-case for Ape Coin within its ecosystem, which can stimulate demand for the token. Furthermore, the project’s commitment to achieving its objectives and the strong backing from investors and partners underscore its potential for sustained growth.

In conclusion, the fundamental analysis of the cryptocurrency Ape Coin shows that it presents a compelling investment opportunity. The potential returns seem to outweigh the risks, given the project’s strengths and plans for future development. However, as with any investment, potential investors should do their due diligence and consider their risk tolerance before investing in Ape Coin.

Overview of ApeCoin Cryptocurrency

ApeCoin, a decentralized initiative, emerged from the inspiration of Yuga Labs’ Bored Ape Yacht Club project. This crypto-asset was established to facilitate transactions within the blossoming APE Ecosystem, a venture championed by the APE Foundation. Through ApeCoin DAO, the mission to construct and uphold the APE Ecosystem is pursued, promoting fairness and inclusivity. It provides a platform for ApeCoin holders to participate in democratic and accessible governance methods.

Unique Characteristics of ApeCoin

Serving as the governance token of the APE Ecosystem, ApeCoin is distinct. It endows token owners with the power to engage in the workings of ApeCoin DAO, providing a common, open currency that bypasses the need for centralized intermediaries. Remarkably, 62% of the total ApeCoin was assigned to the Ecosystem Fund, designed to back community-led initiatives as directed by ApeCoin DAO members.

ApeCoin also functions as a passkey to exclusive Ecosystem sections, like unique games and services. For external developers, it offers an opportunity to integrate into the ecosystem, using ApeCoin in a variety of ways including in games, services, and other initiatives.

Intellectual Property and Security of ApeCoin

An exclusive NFT, gifted by Yuga Labs – the originators of Bored Ape Yacht Club, is in the possession of the APE Foundation. This NFT and its inherent artwork rights were transferred entirely to the APE Foundation, leaving its utilization to the discretion of ApeCoin DAO members.

In terms of security, as an ERC-20 token, ApeCoin rides on the Ethereum blockchain’s security framework. Consequently, it benefits from Ethereum’s proof-of-work consensus mechanism, maintaining the security of the ApeCoin network.

Fundamental Analysis of ApeCoin Cryptocurrency

By embedding elements of decentralized governance, community involvement, and unique access opportunities, ApeCoin exhibits robust fundamentals. Its alignment with the Ethereum blockchain underscores its commitment to security, one of the crucial pillars in the fundamental analysis of any cryptocurrency. This, along with its community-driven approach, underlines ApeCoin’s unique position in the cryptocurrency landscape.

Fundamental analysis of the cryptocurrency Ape Coin

Ape Coin - APE performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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