Token APE Coin

We are here to address the lately very negative trend in crypto APE Coin and try to understand whether future plans will be able to stop this descent that now seems inevitable.

I'm not here to give you false hope or to tell you that tomorrow or in a few years, the crypto in question will be much higher than the current market price. It is now common place on the internet to put extremely optimistic price predictions without taking into account that one thing is a dream the other is reality.

APE Coin is still under development, and although it doesn't  yet have all that much of a following, it can count several major players supporting the project from behind, one of them being the NFT-related company Yuga Labs. Don't  forget that the destinies of the token and Yuga Labs are connected very deeply, the latter has the arduous task of attracting more and more people in his new projects, to make them very attractive to the public so that more people invest in the project and make it grow more and more.

How Token is structured:

The maximum supply is of approximately 1 billion samples of this total, in order to understand us

• 62% is targeted at the ecosystem, more specifically:

         - 150 million APE are for NFT Bored Ape and Mutant Ape owners only

         - What remains, equivalent to 470 million is addressed to the DAO as follows; 117,5 B at the launch of ApeCoin and then 7,7343 B per month for the next four years

• 14% will go to investors. Here too there is an initial and subsequent three-year standstill period.
• 16% of the total offer is reserved to the parent company Yuga labs, following the whole project they decided to hold for 12 months (beginning March 2023 important date of which we will talk) and then be graduated on a monthly basis in the next three years.
• 8% is owned by the founders of Bored Ape

Doesn’t that give you a shiver down your spine? No bells ringing?

On the basis of these data you can see how the crypto could undergo a collapse, with a very strong sales pressure in order to the various blocks. A large part of the APE will be sold and/or given away, being a token for its own sake, a reward of various kinds doesn't have many other purposes. In fact since March 2023 the decline has not stopped until today. In a year the token come down of -77,80%, in 90 days from today of -47,59% and in the last week the descent is continued recording a -16,30%

If the company fails with no-good investments and future projects that revolutionize the token, it could go on to continuous and frequent sales and consequently more and more price drops.

For the future:

Sincerely don't draw any conclusions neither positive neither negative in my opinion, the token is incomplete, but the developers themselves don't know well to define what they will bring their tokens, which other benefits can offer, each time they postpone the issue to the future, talking about revolution.

Of course, behind it is a seemingly serious company like Yuga Labs, which is also collaborating with a historic Italian brand like Gucci, not bad at all. Company that has estimated its corporate value at about 4 billion plus.

Will it be a fad or will there be news that will raise the token?

To you the choice, the risk there is when you choose and not when you are watching...

Bicci