No I don’t own any ApeCoin and I don’t think this is a good thing for Crypto.
But I’d be really surprised if ApeCoin doesn’t reach Top 20 Market Cap. Why?
Because they have a really good marketing strategy which really seems to be on top. Their Bored Ape Yacht Club is a really famous NFT collection. Their homepage for BAYC is built really well and gives a “secure” feeling. Now with their ApeCoin many users have the hope/impression they are still early here.
Let’s think back to the memecoins Dogecoin of ShibaInu. Both went easily into the top 20 due to their massive community and reputation. And in my opinion the same thing is easily reachable for BAYC and their ApeCoin. While ShibaInu got featured on Coinbase on a pretty late stage they seem to have already included ApeCoin by now. ApeCoin seems to be listed on nearly all bigger exchanges and this will make it easier for the BAYC Community to buy ApeCoin.
My problem with this evolution is that it leaves a sour taste to the cryptoworld as people don’t invest in projects with a good build and a good cause. ApeCoin will reach mainstream media and many people will question the cause of crypto as they aren’t doing their own research. Also it shows that many people in the Cryptowolrd rather search the fast double up than a good project. And as ApeCoin already reached the top 50 I really think they can go to (at least) the Top 20 MarketCaps which would need another increase of the marketcap by $6b or a x3.
25 thoughts on “I’d be surprised if ApeCoin doesn’t reach Top 20 Market Cap”
Scam meme coins getting hyped left and right?
That’s a 100% confirmation bull market is anything but over.
Tbh I wouldn’t be surprised anymore – given all the celebrities buying BAYC
It’s not about reaching a market cap but maintaining it. Even Doge and Shib made it to top 10 but are now on a slow decline. Ape is a short term gamble at best, not a long term legit investment.
It will happen because we all hate it
Unfortunately marketing is key under the current market conditions
Apecoin has a lot of love on Twitter, very possible
I’d rather not touch it until it’s more mature ,alot of hype around it at the moment and would be a very risky investment if you are to invest now…
It’s not a big memecoin if it doesn’t overtake DOT in MC. Doge did, so did SHIB.
Makes me wanna cry, but hey.
I would be definitely surprised, although not unheard of. I think Doge/Shib have let people know its possible, but once they reach their peak they become such terribly performing investments.
If you believe that, and I agree with you, then why don’t you own any APE? It’s like that scene in the end of Dumb and Dumber with the Swedish bikini girls. Isn’t the whole damn point of getting into crypto TO MAKE MONEY?
A lot of apes buying for no good reason, so why not?
The VC’s holding 52% Will let everyone buy in and wait to sell until the price is really pumped..Then dump IT. They re not going to let this unique chance to exploit apes go to waste
I don’t even know what ApeCoin even does….
ICO scams, rugpulls, meme coins, solid coins, shitcoins… It’s always been like that.
God I hope this doesn’t happen
You know the bull market is back when you see this type of posts…
It will because rich people do rich people things.
I don’t care for nor would I ever own a crappy made Lambo. Yet… most sports athletes and rich people own them. Similar concept. You don’t have to like something to make money off of it. That’s a hard concept though fir a lot of people here. They tend to cling to the tech that they love. And even though it’s good people don’t necessarily want it. Like Nano
Yeah I agree… it’s just SHIB with a new “skin”
I’m confused about the use of the token. Are human beings actually interested in spending their real money in a virtual primate themed world? The masses of normal people that don’t care about nfts? Even half the people into crypto don’t care about nfts. I don’t see it.
Nah, the problem with memecoins is that people eventually get tired of hearing the same joke over and over.
At this point, these projects are just rebranded Doge memes.
Remember that 1. Most people got this coin free and can take profit anytime, 2. People are buying through the pump because of fomo and 3. there will be a pull back…there always is
Not gonna ape in on this one.
When you market apes and dogs as currency, how can you not understand why people think crypto is a joke?
With things like that happen in the world given we do recognize we got into a bubble .
I do doubt the Idea of having a market cap is a useful measure, just to give you an example: If I do print 1 Million Tokens, and sell 1 Token for 1 US$, do I have a market CAP of 1 Million US$, then ?