Bitcoin Forum

Hello,

I see that Bored Ape Yacht Club announcement they ApeCoin tomorrow.
https://twitter.com/apecoin

What you think about it ?
My opinion is just this is another coin without any value or problem solve. Just pump and dump ...

Pump and dump token. This token has no purpose other than becoming an airdrop reward for the ape NFT holders. Any NFT holders got around 10k APE and it's worth almost 100k at this time. Look at how so many stupid people are valuing this garbage token so high compared with another legit token that has a purpose and real product. People are losing their brains right now. It was dumped from 200 to around 7 dollars.
Im sure that the price of this token will be going down even deeper once more holders will be selling off their tokens to the market. This is a hype token that must not be bought
You may be scammed if you are also interested to buy this. Look at so many bad reviews on CMC. This proves that if this hype token will not sustain for long term.

Yes you are right. This project made so many profit amd raised income from NFts ans now they are looking for make profit in token also. They launch their token in almost big exchanges like Binance,Okx,Kucoin.
Very soon token price will be rugpull and those who buy at high price will regret. No usecase of token. Be aware. Don't buy for long term. Also do your own research

Well, now it makes sense how this new coin reach all those exchanges. Money collected from NFTs income can help list in those exchange who usually require a flat fee without even the need for a determined trading volume.
Personally, i don't see any potential for those tokens unless using them as a trading instrument for short term profits however this is so risky.

billion valuation with hundreds of holders when it was getting started. I don't know what people think about that but it seems like the chart is showing another dump will come soon. So many APE owners have been taking their profit even some addresses have been securing more than a half of million dollars in a few minutes by farming the airdrop tokens for their NFT.
This is crazy and see how so many people didn't even care with their money tried to long or short this token. What utility will be owned by this token? i see nothing for sure. Pretty interesting to see how this shit show will be going on with this token. Overvalued tokens. APE NFT Holders are farming your money.  :D :D :D

I actually wanted to buy and trade for the interim, I sent USDT to binance, the next thing I saw was $7+ and it quickly went up to $9, I was scared least airdroppers should dump on me while they smile to the bank. I see it like a reward speculative token and nothing more, it will pump no doubt but will dump and become a tool in the hands of traders and whales. If I ever get it at $1, I may want to buy few and take profit while opening my two eyes.

NFT is the hype this time after Defi when there was a BTC bull run in this halving period. Many artists, collectors and proponents of NFT do hype to increase NFT which consequently raises the price of the token unreasonably. Which is where this token actually has no purpose but is only limited to the NFT. For a collector maybe NFT is worth having but for me with the price and characteristics of the pump and dump it is not worth it.

And it's true what you say for long term goals, I'm afraid I'll just fall victim to a scam if I invest money there.

First of all, ape is not just a project or coin, it's a brand. And it has lots of positive vibes that are still circulating in the crypto market. That is why we are discussing the project. Now let's indicate at some point what apecoin has: 
1. It's the backbone of a strong brand.
2: It has a fuge fund to ensure that all of their operations run smoothly.
3. They have a strong team.
4: They cast a negative light on the entire market.
And many more things. This is a common misunderstanding.
 
Now here are some problems with what I believed: 
First of all, they already give airdrop to a huge number of people and a huge number of tokens. And their token price was literally a handsome position, and lots of people who got the airdrop started to sell their coins because they knew it would be dumped very soon, so without holding on, if they sell now and the price goes down further, they can re-enter. I don't think all the airdrop holders have started to sell, but most people still don't know that they get airdrops. When they start to sell, it might be more of a dump. This is the overall problem.
 
Despite the fact that the nature of cryptocurrency is pump and dump.But I believe it will be a short-term problem for Apecoin because they are well powered to handle this situation, and they might have a backup plan to overcome it. And I also believe this is not a useless project, it is also a big project. And in the future, it will be very profitable for users. And it might be the next top-listed altcoin.
 
Well, it's my opinion, others might be different. Thank you.

I'm guessing that this token will eventually get listed on binance exchange, there is no other way to make good profits out of a project than this, ApeNFT has huge hype and that's the perfect gateway to making decent profit.

It's not pump and dump, bored APE NFT is one of the most demanding NFTs I know so this is free money to all those who believe in the project and hold the NFT, all those expecting rug pull have no idea what they are talking about.

Usually not many investors hold on to their airdrop when they have the opportunity to sell at a good price (it is free money so don't expect diamond hands from the receivers). The price already drop from ath, expect more people to sell.
I don't think it is the right time to buy this token since it is very likely it will go lower. Best to watch how low it can go
Board Ape Yacht is a strong nft company with rich investors to support the Apecoin, and as long as there is a solid utility for the coin am sure the price will do much better in the future.

Already listed on binance, ftx, okex, coinbase, gate.io, kraken, kucoin, houbi without any delay. Between I don't no what people consider as pump and dump this days, it is strange to see some members describing it as such, it is normally for price to go down as a result of the selling pressure.

It's pump and dump real estate baby!

A new people who buy, soon are gonna to lose against the dumper from holder NFTs ~XD we all know, everyone is already tired of this shit ape2 picture NFTs. This is just another things for make money by developer, reading their use-case token.

Mostly already can be found from previous project.

looks like you're right when you say it's a pump and dump project, looking at the chart:

https://i.imgur.com/w2l6Otw.png

https://i.imgur.com/sNzsxc9.png

the price of bitcoin drops a lot and i wonder how much money people who invested in it lost? It seems that people's greed doesn't change

and just as a note:


I hope people stay alert with this project

I just see so many bad comments on its live chat. Only NFT holders get the advantage from this token while the buyers have no clue about what's purpose of this token. The price is very volatile at this moment due to the hype but im sure that next year people may forget this token even this created by a popular brand. APE nft is very benefit for its holders. They are earning a lot of money for free and i guess this will be triggering any NFT to issue their own token in the future. You may need to buy some good NFT to anticipate the next airdrop that will happen anytime soon.

I'm not so sure about new coins, because the concept of development always relies on hype, especially market conditions like now, this will only make us feel uncomfortable in starting an investment, but if people like risk, this kind of coin is enough to wait for the pump and then throw it away, don't keep these kinds of coins too long, because in the long run they might just disappear, especially since market conditions are not supportive for new coins

It will be very similar to the NFT itself. Just hype and total hoax without any real value proposition or utility. That will get listed in pancakeswap where majority of the scam tokens are listed and pump and dump game will begin. Some people will make money and some will loose it. But at the end of the day, no real value will come out of this. The owners of bored ape are millionaires and now they will become billionaires. That's it! Another directionless shitcoin from some clueless owners whose main moto is to fill their own pocket.

Let's just APE is a memecoin. It just got listed on Binance exchange yesterday,  I don't see any possible pumping in the nearest future. That coin is currently in dip and those that bought it when it got listed on Binance should hurry and sell it because holdlers and whales are dumping on the coin by selling off their coins. It would make so many people to lose their money in crypto, though it would also serves as a lesson to people that has FOMO (Fear Of missing Out) on a coin.

Another recovery is happening again with this token. I'm getting surprised to see that the price is going up so much. I just long this token and got very nice profit. The volume is getting centralized into this token and it seems like the buyers are still in the FOMO. I expect 20 dollars will be inevitable and let's see how this will be going on. The NFT holders are parties that got most benefits from this token.
The whales are still pumping this token. This may become another GMT which has been increasing a lot from the bottom but again this will not gonna be long.
I'm seeing the announcement and yeah those lucky person who bought ape below 1 ethereum a year ago is winning a lot.

The supply of 1,000,000,000 tokens and prices continues to increase on the top exchanges, Binance, Kucoin and Coinbase.
I think some investors are very lucky to have bought this token, although there are still many coins out there that have good products but are not listed on the top exchanges, are we going to see more memecoins of the above exchange now, or is it just Hype

Top coin I think because have listed on bigger exchange market without one day launching to public, from Binance, FTX, Kucoin, Huobi, Coinbase and many other exchange market was listed APE coin and now keep stable with good price above $14. Although I see have much supply APE looks as potential coin and keep reach up to higher price. I was try for buying this coin last night when price under $7 but I was worried with supply coins and allocation for airdrop eligible with higher amount and disappointed right now because price have pump.

Well, I'm also thinking the same thing as you think this project is a pump and dump project.
Wonder why they were given a checklist by twitter like they are an official project when it is quite risky to enter here. In fact, I see that they have not revealed their application or platform, the contents of the tweet are only education and market listings. Even though they are listed on some good exchanges like CRO, but I still don't believe this project is good to last.

I'm doubted with their plan as this likely be another market tricked, a dump and pump game.
No, they will fail their plan. People are already mature enough not to notice this thing unless you are a newbie.

Well, anyway...this site can't be trusted. People must have to do the research first and stay a way from this pump and dump trick.

I also see in this situation weak in major crypto exchange.
Thry show us how somebody with alot of money can create and list a project within 24h without any check.
Why tokens with potencial waiting months before they get such a chance?
Yes its a brand but i think they just want to give value for NFT holders not to make seriouse cryptocurrency.

The teams involved in the project first joined the NFT marketplace and launched their market, then they brought their tokens and they launched their tokens at the big exchange and raised the price of their tokens.  It is possible to take entry in this hype news and take profit from here by doing very technical analysis in short time.  Long time no see.

People who say Ape is done are the same people saying MANA was done after it blew up. This project has a bunch of really rich people behind it. It will not fail. I project it will hit $20 in the next couple days, then it will retrace.

nothing more than nuisance honestly, it brings zero innovation at all in the market, i’m putting a lot of concern in NFT altcoins that are based from real products that are working because these aren’t just token created for just price manipulation like this.
I knew their NFT has been long standing and has gained a lot of attention, even their valuation is tremendous and sometimes sky rockets out of nowhere but regardless there is no real fundamental backing it up and even zero working products other than their art NFT.
this kind of altcoins honestly, the last thing that I’d invest in. Im also seeing that if the utility for this token to be a governance token to the what thing that must be done by the company that issued this NFT

How can you say that, even though the market conditions are not good, to reach $20 I think for the next few months it is not possible, it is very difficult for the project to get out of the zone like it is now, I'm not saying this project failed, but for the conditions now it's highly unlikely they're anywhere near the $20 mark

Why not possible ? Isn't it that as long as there is greater concern from the team and new investors, a project will be easier to develop and be able to make a better price for each product that they have listed on the market?
Because now almost all projects have difficulty in developing themselves in a better direction, but for teams who are able to work hard and try their best, there will definitely be a good effect for the project.

I don't know if it can mean something but the atom wallet announced that it has also introduced apecoin among the coins that can be kept inside it, then it is listed on binance and coinbase therefore some value, some importance it has it

Pump and dump as usual, imagine if there's a lot of rich people behind this project, and big investors they can easily manipulate the price.
I still see this as a good project though, with a good hype and also expect for a big correction. We still need to see their big updates, and to see if they really have the usage here in the market or just an ordinary token. Maybe, this can be use to buy their own NFTs in the future.

I don't understand what you expect, if you are not a board ape yacht holder how you will expect to receive the airdrop? you know how expensive those nft cost and the amount the holders have spent on gas as a result of eth high gas fees! this airdrop is like compensation for their support and it is not surprising if those who didn't receive will make bad comments.
Some people will always have something bad to say when things didn't go their way, i don't think any holder of this nft did not receive the airdrop, and what is there to complain about after getting free money.  ::)

I believe that this is an advertising token, and there is nothing new in distributing this token among holders of expensive NFTs... almost all top exchanges have conducted a listing, as usual, the use of the token is in betting and farming, and the management of the protocol passes into the hands of the Apecoin DAO Community.I would add that yesterday the coin cost 7-8 dollars, and today it is already 15 dollars, so the project is top.

It was always obvious that it was a pump and dump project. Just because the "owners" of the project made some money, they realized they could keep going and could make it look like it is a real project. At the end of the day, it also provides proof that ape NFT's were worthless as well but people were mugged basically, they just did great marketing and PR which allowed them to convince people to think that worths something.

I personally believe those NFT's are as shit as the token itself. Eventually people will realize that, but if people are aware that apecoin itself is a shit one right now, even that would be a good way to start making people realize it.

https://coingape.com/bored-ape-exploit-apecoin-airdrop/

Pretty bad for ApeCoin. They don't make snapshot before airdrop and somebody see that weak.

apecoin is just a meme coin IMO, has no meaningful use like bitcoin or bsc, only made for fellow ape community.  never buy this token with big money, the circulation is only hundreds of millions of tokens, I'm sure they will control the price of this token.  My advice is, to avoid investing in this coin.

This coin if you traded it has been very profitable for the past 2 days. You had lots of opportunities to long it and could of made impressive gains when Bitcoin is trading sideways pretty much.

What value will it hold in the future? Nobody knows. These days since people think we are in a bear market, most rallies will be short. So maybe APE already topped. However if this was a true bull market like last year then I wouldn’t be surprised if it hit $50 a coin. Everything always pumps like crazy in a bull market.

They can say that ape (bored ape) is done because they think the ape nft was all about hypes and they think that the hype of nft's now are weaker to what it had before. Mana is one of the top metaverse/nft coins and it was competing with sand coin. I don't get it why they say that mana was done but too early to compare it with apecoin. Apecoin needs to show first what it got on why investors will consider it.

It's not only about the support of rich people but it was about if what the coin can do. Meme coins such as shib inu and doge coin are also backed by rich individuals but their value doesn't explode that much especially nowadays.

Yeah I agree with your analysis.

I think that apecoin is simply a project that has born out of hype after the acquisition of cryptopunks - there is nothing special about the utility that this token provides, apart from the speculative aspects as well as people getting hyped over the fact that it is getting listed on major exchanges.

I wouldn't mind holding some for the short run ride, but definitely will dump at the right price.

Well when it first came out i saw it at 8$, and after a day, i saw it again at 11$ and decided to go in, i cashed out at 13$, so i can't be mad  ;D

But now that the token has a lot of FUD around it, i'm looking for alternative low market cap tokens for this expected bull run that's around the corner. I'm kind of newbie, so any suggestions would be appreciated. I'm also more into gaming crypto, and i'm really into crypto gambling as well.

If you buy them on the day you saw Apecoin at $8 and then sell at $13, it is a profit on your end. But, I don't think you take the bait.

FUDs can easily manipulate those projects that are believed it was grown with hypes only, no use case, no market support, yeah, it likely ends too fast.
Well, I suggest you try the Play-to-earn gaming platform. It is quite known today and seems to profit, unlike these NFTs, of course, we still need to choose wisely.

I could probably invest on this Apecoin later but that's if it makes another All Time Low, since this token is a decentralized project inspired by Yuga Labs’ Bored Ape Yacht Club project I believe it will have it's days but buying for lesser price is much better.

I think it's a great time to get into blockchain gaming. There are a few projects that I follow and that keep me excited for the genre like engn, racefi, battle of guardians etc. Plus Ubisoft and EA I think are getting interested in blockchain so that's great news :) For gambling I'm not too informed, but maybe check out lunafi, it's a sport betting project, also I think they'll have casinos at one point. Hope I gave you some ideas :)

Yeah, one day +70% the other day -40%  ;D. I'm thinking about trying play to earn platforms but can't seem to find a project that has a working game currently where you could just log in and play. Any suggestions where to start looking?  ;D

Excellent thanks for the suggestions i've heard a lot good about $ENGN, but i'll definitely keep an eye out for them both. Thanks for the ideas!

Almost with many coin running as hype way but I see different thing with APE coin, they have confirmed with many potential and bigger exchange market listing early without coin launch to public, they have listed early on Binance, FTX before many exchange listed later. But have good reputation although become bad thing later because first time listing on market price have been pump and success reach above $18, but not controlling airdrol reward become bad thing why many investor said hype with APE coins.

I also did some research on the APE coin, like I said APE is a memecoin that represents NFT. In the short term, when the NFT trend is "expanded", the APE token ratio will have strong growth spurts.

The APE token has certain uses but it is still a memecoin so it should be invested with caution. If you already have a profit, I think you should sell it, not keep it or buy back.

You're lucky if you've made money, coins like this offer a lot of opportunity, but often investors make mistakes when deciding when to sell. I think this coin will be useless and its value will be much lower in the future.
These are quite unnecessary and risky coins to invest in :D

Under normal market conditions this opportunity may be open, but as we know the market is currently not in a good condition for any coins, so it is very difficult to develop new projects, even though they have a reliable team and development, but because the market is not supportive, then the potential is very small, in contrast to the long term, this can affect them in the future, because in crypto everything can happen beyond our predictions

The biggest difference is that when you provide NFT to people, you really do not know what it will be priced at. People could use it for money laundering, they could buy from themselves, basically there are a million ways to make it look like it is hyped when it is not and can just fake it.

But, when you do a token, there is absolutely no way of hiding it, we are talking about tens of thousands of people buying and selling the same token and that is why there is absolutely no hiding the reality. This is why Apecoin dropped so hard, because the owners couldn't fake a hype in there and make people believe it worths more than it really does, like they did to the NFT version.

I think APEcoin is one of the coins that has good potential in the future, even though the price of Apecoin has dropped a lot but I see that there are still many crypto users still defending this coin, if I had a little capital then I would buy and invest the coins, this in the long run,

A few days have passed for this coin upon launching. People who sold during the very first seconds and hours of this coin made a huge profit while the others have been able to get an entry in the middle of it. The price plays on $12 right now and is still quite a considerable good buy as they say if you think this coin can do more in the future. The lowest was $6 and it's still doubled from the dip for those people who have bought at that level.

The announcement looks interesting but this could never assure that it creates more demand and price uplift. It was need to be careful and still invest by due diligence. 

We're not sure of it. Buying on its current price may somehow be too risky as drops can also be inevitable. With these new coins like ApeCoin, timing really matters when buying, it should be done before the hypes begin, not even in the middle of the pump. In fact, we'd mostly see new coins just then drop abruptly which is possibly happening to this project.