Is it profitable to invest in ApeCoin(APE)??

[teddybear]

Even thought ApeCoin exists on the Ethereum blockchain, is it profitable?

[1715036007]

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[passwordnow]

Even thought ApeCoin exists on the Ethereum blockchain, is it profitable?

All cryptocurrencies have come to the point of being profitable until the dump and massive correction happen. So, everyone will have to say that they're holding a profitable coin just like me that I've been always telling that holding bitcoin is profitable because it's what I have and I've profited from it. Those that are following Apecoin and holders of it will tell the same thing. If I'll invest, it won't be that complicated to me and will be determined to hold and buy coins that I know that I've made a research.

[cryptoaddictchie]

Even thought ApeCoin exists on the Ethereum blockchain, is it profitable?

Apecoin is the same with other altcoins.  Not sure what is the utility of apecoin aside from can be used to buy their land and nft on ape ecosystem but probably youll only get to earn from it with its value which is quite low for now since the market crash happened.  So waiting together with other altcoins is the best thing to do.  Or if there are staking program for apecoin,  do staking while holding at least you earn something.

[samcrypto]

Even thought ApeCoin exists on the Ethereum blockchain, is it profitable?

Buying the token or the NFTs?
If you are planning to buy an Art know that you need a big capital on that and probably it can only be profitable once the market becomes better but if not then it will just remain as NFTs. The utility of their token is to buy their land and nfts, you can just have the token itself and trade with it. Profit will come once you already know what kind of strategy you are going to use, and ETH network can’t guarantee any profit at all.

[cryptoperkele]

Even thought ApeCoin exists on the Ethereum blockchain, is it profitable?

What do you mean "even though"? Imho it's BECAUSE it exist there it might be. Also because devs have pretty much stroke a gold mine with their apes in the first place. ApeCoins doesn't even need to be anything special, just the brand behind it sells eventually. I thought that apecoin was overpriced when it came to markets but who knows what road the developement takes it

Buying the token or the NFTs?

Why would he talk about Ape NFTs in this post?

[Charles-Tim]

All-time-time: $39.40
Present price: $5.16
Marketcap: $1.58 billion
Max and total supply: 1 billion
Circulating supply: 306.875 million.

A coin with over a billion dollar marketcap is strong, but Terra Luna was over 1 billion marketcap before its failure when people that invested in it lost their money. It is better you invest the amount of money you can afford to lose on altcoins, but not bad to invest on the coin.

But I prefer to advice people to invest in bitcoin.

[tvplus006]

Even thought ApeCoin exists on the Ethereum blockchain, is it profitable?

You can make a profit by investing in any coin that is available on the market. The only difference will be when you bought it. And if the coin is bought at the lowest price, then, accordingly, the chance to earn will be higher than if you bought it at high.

[Yatsan]

It can and couldn't be profitable. In contrast right? 'coz no crypto would guarantee you profit. Investing would be enough to determine whether it would be a good one or not. Ofcourse, creating your analysis would be a factor but to determine is another thing. It is like testing your hypothesis whether something is beneficial or not to someone. Just like any crypto, APE has a tendency to be have a huge name but do you think it will be assured that it would? Concept is good but on my end, I guess it just ressembles the known nft projects. This is just a general perspective, I, myself did not take time to study this coin so yeah, I think we can say that industry is just a matter choosing your own poison.

[smartaction]

Even thought ApeCoin exists on the Ethereum blockchain, is it profitable?

Apecoin ATH was 39$ and present price is $5 . Since this coin is listed by other good exchangers with Binance. it may have a good future and I have seen that its circulating supply is very low. So if the project team works well and their effort is there to make the project better.  So maybe in the future if the price of Bitcoin increases.  This coin can also generate new ATH. so this Coin can be suitable for investment . but do your own research before investing on any crypto 

[teddybear]

All-time-time: $39.40
Present price: $5.16
Marketcap: $1.58 billion
Max and total supply: 1 billion
Circulating supply: 306.875 million.

A coin with over a billion dollar marketcap is strong, but Terra Luna was over 1 billion marketcap before its failure when people that invested in it lost their money. It is better you invest the amount of money you can afford to lose on altcoins, but not bad to invest on the coin.

But I prefer to advice people to invest in bitcoin.

Yuppp, there is a chance Thanks for your advice...

[TastyChillySauce00]

This token looks strong but only caused by the hype. I meant you must also know so well about the history of ape NFT. It's still profitable if it will be going back to the old ATH but it would not happen next year. Buying altcoin will always be profitable as long as you know that which altcoin that already reached bottom. Buying at the bottom is a must caused by that was increasing your chance to get a lot of profit even from ape token. Think about that.
Everything is worth to buy except scam token in the market.

[|MINER|]

Even thought ApeCoin exists on the Ethereum blockchain, is it profitable?

It is true that it is down more than 85% of its ATH. But if you see currently the hole cryptocurrency market volume has decreased due to bad market conditions. But this coin is could be a promising coin because its trade volume is very high and also it is listed on most of the good exchangers and their project team is also strong. I think it is possible to earn a profit if you invest here. But if you want to invest 100% security then it is better to choose Bitcoin.

[CryptoATM]

This project has no real utility than backing the popular NFT that everyone knows, I believe the reason it's this popular is because of the NFT if not the value would have dropped a lot by now, 5$ per token in a bear market? ....

[Questat]

Even thought ApeCoin exists on the Ethereum blockchain, is it profitable?

I'm not sure how this project is going in the future but as long as it was active, profit can be possible. However, in this bear market situation, that seems too hard to make it, not even those coins that have a higher profitability rate. But for me, if we aim for a long-term investment, Apecoin couldn't be on my list. I'd see APE has been surging the last bull season but I think that was the last hype it made and this is due to heavy market competition.

[Widdop37]

Apecoin is good thanks to its NFT though, hmm if I have to add Apecoin to my list it will be if BTC dump to 13k, this projects are already big so making reasonable gains from them will be hard unless you buy the tokens for cheaper rate.

[cryptobadshah]

Apecoin won't exceed Bitcoin and Ethereum but it's good investment ApeCoin is still young so invest now no objective answer exists Apecoin is risky like all investments Apecoin's prive history can help you decide if it's good investment also consider Apecoin's use cases Apecoin is one of the best metaverse coins despite being new It's part of one of the top Nft lines bored Ape yacht club Ape coin a smart investment Apecoin allows customers access to the bored Ape ecosystem including games and products these high growth cryptocurrency market elements coluld boost Apecoin's worth.

[Jackl87]

Even thought ApeCoin exists on the Ethereum blockchain, is it profitable?

Apecoin is one of those projects that started with a huge marketcap right off the bat, just like the token from Uniswap for example. The reason for that is, that a pretty big number of users got those tokens for free because they used their platforms or products before. This also means though that a lot of people are holding this tokens now that have a significant value and they did not pay any money for that which means they also don't have a price range where they have to sell in order to be in the profit zone.
So there can be a big sell pressure for this tokens at all times. So i would be very careful to invest in a token that was distributes in such a way. Either you were one of the lucky ones that got them for free, or you skip that project.

[john1010]

Even thought ApeCoin exists on the Ethereum blockchain, is it profitable?

All of the cryptos now is on the downtrend market, investing in today's market is quite risky but if you hit the bottom you are lucky enough to wait for the good spike, well apecoin is quite good, but again, it defends on your DIOR.

[Inspiron14]

Even thought ApeCoin exists on the Ethereum blockchain, is it profitable?

during a bear market like now, of course you can invest in any altcoin you like, especially Apecoin,
we already know that Apecoin was hype at that time, yes the time when NFT was trending, but now a lot of NFT has dropped dramatically,
this is why Apecoin is also following this bearish trend, if you want to invest of course this is a good time, accumulate some Apecoin and hold for the long term

[Anonymous100]

Even thought ApeCoin exists on the Ethereum blockchain, is it profitable?

ApeCoin is one of the coins that get the most investors so it is included in the list of 36 Coinmarketcap. I think they focus more on NFT. Including 150 million tokens can be claimed for free for MAYC NFT holders. If their NFT goes well, then the price of the coins will of course increase.