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

[wheelz1200]

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

That's an odd question.  Are you insinuating that nothing on the eth chain is/has been profitable?  Honestly that doesn't have as much bearing on it than the team behind it.  Don't think long term ape nfts will be worth anything and likewise apecoin seems like just a fad to me.

[khiholangkang]

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

APE is a token that has a very large project mission, supported by many great people behind it, of course it sounds very profitable. But don't expect you to make a profit in the short term, you will make a profit if you hold it long term.

[ethereumhunter]

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

Maybe this is a good time, but don't take too big a risk by spending a lot of money because Apecoin has already reached its ATH and we won't know if Apecoin will be able to reach ATH again or if the price will stay below. The NFT trend is going down because the market trend is also not good at the moment, so maybe you can choose other coins instead of investing in new ones. But that's just a suggestion and I hope you can look for more info to find out if it's worth it to keep investing in Apecoin.

[panjay]

all coin can become profitable, you must see that a catalyst that leads to an event or big news will always pump the price.
Back to ape coin, will it become profitable? sure, as long they stay in this industry and do not go bankrupt. They will still pump here and there.

[CuriousGeorge]

Any tokens in the market that traded in so many big exchange sites like ape token would always be very profitable to be used as investment but so the result would be back to yourself whether you can catch the bottom or not.
Invest in any legit crypto will give you profit and talking about whether ape token will give your profit or not seems to be a non sense question for me.
The fact that if any crypto even garbage token can give you profit as long as you can being a smart person to catch the chance.

[SistaFista]

Well, apecoin is top 50 coin in cryptocurrency if we see coinmarketcap website.
The coin is quite new if we compare with other top 50 coins, which means this coin is a good coin, new coin with high marketcap.
The coin audit has done by certik, which is a good sign. With a glance, this coin is a good coin for me.

[nutildah]

Its vastly overvalued and tied to a dying brand, which is the Bored Ape Yacht Club.

I mean if all the Nazi references aren't enough for you, its the fact that the project requires constant social media hype and marketing to retain its silly high NFT prices.

Bored Apes have been in steady decline since late April. I think they have a long way to go before bottoming out, which if I had to guess, is a floor price of around 30 ETH (compared to its current 76 ETH).

$APE may present a good long-term short opportunity but is of course subject to sudden pumps on news of their metaverse project.

[Eternad]

Its vastly overvalued and tied to a dying brand, which is the Bored Ape Yacht Club.

I mean if all the Nazi references aren't enough for you, its the fact that the project requires constant social media hype and marketing to retain its silly high NFT prices.

Bored Apes have been in steady decline since late April. I think they have a long way to go before bottoming out, which if I had to guess, is a floor price of around 30 ETH (compared to its current 76 ETH).

$APE may present a good long-term short opportunity but is of course subject to sudden pumps on news of their metaverse project.

Fair point. Since this token was subjected to early hype due to its effective marketing before, The price skyrocket for a long time even the whole market is crashing and now the time come when no one is already buying it anymore which cause a continuous dump to follow the general market trend where it should belong. Apecoin is the most hype coin before and i’m sure that many traders is still keeping an eye for this token because it’s the best investment opportunity when the crypto market recover.