APEcoin Price Analysis and Market Snapshot
As of the latest data, the current price of APEcoin (APE) stands at **$0.6042**, reflecting a modest 24-hour increase of **+0.06%**. The token is actively traded across 51 major exchanges, with a significant 24-hour trading volume of over 57 million APE, equivalent to approximately $34.4 million.
Today's trading session saw APE open at $0.5842, representing a gain of 3.43% from its opening price. After a brief dip to $0.5713, the asset has shown attempts to climb higher. However, it remains down by approximately -22.98% and -4.83% from its 30-day and 7-day maximums, respectively. Conversely, it has gained 13.74% and 3.85% from the minimum prices recorded in those same periods.
Key Technical Levels
Based on current technical analysis, maintaining a price above the crucial support level of $0.4841** is vital for APE's potential upward movement. Should it hold, the first major resistance to target sits at **$0.6660. A decisive break above this level could pave the way for a push toward the second resistance at $0.8718**, with a more distant third resistance hovering around **$1.09.
On the downside, a failure to hold the $0.4841 support could trigger a decline. Traders should monitor this level closely, as a break below it may signal further bearish momentum.
APEcoin Essentials and Project Overview
APEcoin (APE) is an ERC-20 token operating on the Ethereum blockchain, officially launched in July 2020. It serves as the ecosystem token for a prominent NFT-focused project, facilitating transactions, governance, and community engagement within its digital world.
With a circulating supply of 675 million coins, APE currently holds the #116 position by market capitalization, which is approximately $408 million. The token achieved its all-time high (ATH) of **$1,448.67** in June 2021. Since that peak, it has experienced a significant retracement, like many digital assets in the space. Its 52-week price range has fluctuated between $0.3516 and $2.15.
Comparative Market Performance
When compared to other cryptocurrency projects launched in the same year (2020), APE demonstrates substantially above-average trading activity. The average 24-hour trading volume for the 878 coins born in 2020 is around $1 million, while APE consistently commands a significantly higher volume, often in the tens of millions of dollars, indicating strong market interest and liquidity.
Category Rankings
APEcoin holds notable positions in several cryptocurrency categories, as determined by its market capitalization:
- Gaming (GameFi): #10
- Events & Entertainment: #4
- Governance: #8
- Metaverse: #8
These rankings underscore its relevance and adoption across key Web3 sectors, particularly those blending digital ownership with interactive experiences.
Frequently Asked Questions
What is APEcoin used for?
APE is a utility and governance token. Its primary uses include purchasing goods and services within its native ecosystem, participating in exclusive events like NFT drops, and voting on key project decisions through a decentralized governance model. It is the lifeblood of its associated metaverse and gaming projects.
How do I buy and store APEcoin safely?
APE is available on numerous major centralized exchanges. You can purchase it using fiat currency or other cryptocurrencies. For storage, you can keep it in your exchange account for convenience or transfer it to a self-custody Ethereum-compatible wallet for enhanced security. Always ensure you are using reputable platforms and practice good security hygiene. To explore more strategies for secure trading and storage, you can review advanced wallet options.
Is APEcoin a good investment?
Like all cryptocurrencies, APE is a highly volatile and speculative asset. Its value is closely tied to the adoption and success of its parent NFT project and the broader health of the crypto market. Potential investors should conduct thorough research (DYOR), understand the project's fundamentals, and only invest what they are willing to lose, considering the inherent risks.
What factors influence the price of APE?
APE's price is influenced by a combination of general crypto market trends, news and developments within its specific ecosystem (such as new game releases or partnership announcements), the overall sentiment in the NFT and gaming sectors, and broader macroeconomic conditions that affect risk-on assets.
What is the difference between APE and other metaverse tokens?
While many metaverse tokens exist, APE is uniquely tied to one of the most established and valuable NFT collections in the world. This provides it with a strong, pre-existing community and brand recognition that many newer projects lack. Its utility is directly integrated into a highly active digital economy.
Where can I find the most reliable APEcoin price data?
Reliable, real-time price data can be found on major cryptocurrency data aggregators and financial websites. These platforms compile information from multiple exchanges to provide a accurate volume-weighted average price. For conducting in-depth technical analysis, you can view real-time charting tools.