Sure, if your point is to buy something and make a quick return and get out, then you could consider ape as a good thing.
I don't mean about investment especially long term investment. Long term investments are for Bitcoin, Ethereum, BNB. For other projects, I have to consider carefully and ApeSwap is not in my list. Even Solana, DOT, I have to consider carefully too. I agree with you.
However, I am talking about the overall situation ape is in right now and that doesn't look like it is something I could be behind.
Long term investment should be done with very strong projects and I only see such strength in Bitcoin, Ethereum and BNB. Solana and DOT are too young to say they are strong.
If something is 80% down then it could go up a little bit, and that's where you will make a profit, but in one year it will still not be good, in three years it won't be even in people's minds, in five years it will be long gone.
ApeSwap is down more than 80% from its all time high and I see chance to get profit with it. Especially I believe there is another altcoin season with that Apeswap can join the run. It is not a too bad project or has too low volume. It is not bad enough to be excluded from the coming altcoin season.
Why would I put money into things like that? I love putting my money into things that will be easily 10x in five years, including bitcoin which I believe will be 10x or close to that in five years.
I agree with you. Bitcoin is first for long term. Next, I will choose Ethereum and BNB.