After the emergence of Decentralized Finance, Non-fungible tokens erupted in the crypto space. The novel sector carried its frenzy wave for a long time before normalizing and continuing a gradual expansion. One of the notable coins from the NFT sector is ApeCoin.
ApeCoin is built on Ethereum and connected to the Bored Ape Yacht Club NFT launched in 2021. At launch, only one billion ApeCoin tokens were created and fixed without plans of releasing more.
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During the launch, the team sold some tokens and reserved some for later dispersal.
The Reason Behind Higher Gains Of APE Coin
Earlier this year, analysts predicted that ApeCoin APE could reach $5 by November 2022. But the