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Apecoin

5x Incoming?!?ApeCoin caused massive waves in the crypto community the past 2 days and we all know why. This project should not be looked at as a meme coin. This project has utility and a strong community. This community floor net worth is over 100k so with that being said there's a lot of big money in this project already and personally, I think this can be one of the most volatile coins 2022 will see. coming in at around #34 in the CMC ranking I see this coin being valued more than DOGE and Shiba in the near future. Doge is currently #13 with a MC just under 16 billion and ApeCoin currently has a MC just over 3 billion. If this does go for a run and settles above doge that's a 5x and I think that's a reasonable target for this project. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! This is not financial advice. This is for educational purposes only
KRAKEN:APEUSD
by rnaofs
1
APE Coin growth thesis valuationBored Apes NFT project official ApeCoin token was launched on Coinbase and it immediately reached $32. At the time of writing this idea, the price is around $14, but extremely volatile. The growth thesis that i have comes from the initial price of the APECOIN on Coinbase, $32. At 14usd the market cap of APE is around $4Bil and the fully diluted mk cap $14Bil. At 32usd the circulating supply was $9.14Bil and the total supply around $31Bil. My expectation is that APE could have the highest valuation similar to DOGE and SHIB, which it shouldn`t surpass. Now the mk of DOGE is $15.6Bil with the same circulating supply as the total supply. SHIB has a mk cap of 12.2Bil and a total supply of equivalent to $13.1Bil. So this is the highest valuation that i think APE can reach market cap wise. The downside is $6.3 - $7 Looking forward to read your opinion about it.
by TopgOptions
28