Hi Publish0x community! Welcome back in this new article of my “Easy & Short Cryptocurrencies Made Accessible” area.
In this article we talk about more features of ApeCoin!
In the last E&S article I introduced you ApeCoin (APE) and I said that is the token born within one of the most important projects on the NFT front, Bored Ape Yacht Club, which will serve for governance purposes and, one assumes for now, for exchange functionality within the metaverse. A token that started with a bang and then was forced to face a generalized bear market, which is unique both in terms of its future possibilities and the medium- and long-term commercial prospects of the project it represents.
If you missed the first article, you can read it here:
APE: key role in a growing ecosystem
As the ecosystem around the Bored Ape grows, the role of APE may become even more central in the marketplace as well, however far we are from those totalizing projects that aim to create a complete ecosystem. Not only in terms of market value, but also in terms of recognition as well as attractiveness to the public as well. We are still in the early days of this project's journey, so we may continue to see good things on multiple fronts.
The inclusion in clothing lines and even in music videos of major artists such as Eminem and Snoop Dogg represent the prodromes of what will hopefully be a bright future for the entire ecosystem that is linked to the world of Apecoin and BAYC.
Image Source: https://blockworks.co/adidas-is-betting-big-on-the-metaverse-heres-how/
BAYC Metaverse and APE
Otherside, which is the BAYC-branded metaverse being launched, will most likely be an important factor that will impact Apecoin's future. Should it be the success that everyone expects, it is more than reasonable to expect a major price rise for APE as well, without prejudice to the possibility that the token will be used regarding exchanges within BAYC's virtual world.
The metaverse sector is one of the trending sectors now, and a strong brand like BAYC will help the expansion of Otherside, whose Otherdeeds have already gone through the roof. That is, there has already been significant investment in digital real estate, which is unequivocally a good sign.
Image Source: https://indianexpress.com/article/technology/crypto/yuga-labs-bored-ape-yacht-club-is-entering-into-metaverse-7832514/
Benefits and Risks
There is no doubt that ApeCoin has good growth prospects on its side and can certainly bring considerable benefits to its holders. Indeed, Yuga Labs' plan to use ApeCoin for all its products and services and to partner with Animoca Brands to build NFT blockchain games seems to bode well for the future.
In any case, ApeCoin is not without risks: not a few people are warning of a possible "FOMO" which would be leading investors to buy without a well-thought-out strategy, as also happened during the early days of Shiba Inu.
Image Source: CoinMarketCap
For more info, visit the official website: https://apecoin.com/
Have you already invested into ApeCoin or BAYC Metaverse?
Next Sunday I’ll introduce to you a new cryptocurrency.
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