ApeCoin has made an announcement. What are your thoughts?

[WitchesElektra 70]

Hello,

I noticed that the Bored Ape Yacht Club would be announcing ApeCoin tomorrow.
https://twitter.com/apecoin

What are your thoughts on the matter?
In my perspective, this is just another coin with no worth or ability to address an issue. Simply pump and dump...

[BiomeDaredevil 51]

Token for pumping and dumping. This coin serves no other purpose than to serve as an airdrop gift for ape NFT holders. Any NFT holders received roughly ten thousand dollars in APE, which is now worth nearly a hundred thousand dollars. Look at how many idiots place such a high value on this rubbish token when contrasted to a legitimate token with a purpose and a real product. Right now, people are losing their minds. It was reduced from $200 to roughly $7.
I am confident that the price of this token will continue to fall as more holders sell their tokens to the market. This is a rumor token that should not be purchased.
If you are also interested in purchasing this, you may get cheated. Look at the number of negative reviews on CMC. This demonstrates that this hype token will not last in the long run.

[MobsGreenArrow 7]

You are correct. This project has made a lot of money and raised a lot of money from NFts, and now they're trying to make money in tokens as well. They have launched their token on practically all major exchanges, including Binance, Okx, and Kucoin.
The token price will soon be rugpull, and those who bought at a high price will be disappointed. Token has no application. Be alert of your surroundings. Don't make a long-term investment. Do your own research as well.

[SpawnBlackPanther 11]

So, now you know how this new coin got to all those exchanges. Money earned from NFTs can be used to assist people list on exchanges that charge a flat price and don't require a minimum trading volume.
Personally, I don't see any value in those tokens unless they're used as a trading instrument for short-term gains, which is extremely dangerous.

[decultivated 69]

For the time being, I wanted to buy and trade USDT, so I sent it to Binance. The next thing I saw was $7+, and it swiftly rose to $9, and I was afraid that airdroppers would dump on me while smiling to the bank. I see it as merely a reward speculative token; it will undoubtedly inflate, but then dump, becoming a tool in the hands of traders and whales. If I ever find it for $1, I might buy a few and profit while closing my two eyes.

[destutter 16]

After Defi, when there was a BTC bull run during this halving period, NFT is the hoopla this time. Many artists, collectors, and proponents of NFT create hype in order to increase NFT, which drives up the token's price unnecessarily. This is where this token has no purpose and is only applicable to the NFT. NFT may be worthwhile for a collector, but with the price and qualities of the pump and dump, it is not for me.

And while you are correct about long-term goals, I am scared that if I invest money there, I will become a victim of a hoax.

[Friggin 6]

First and foremost, ape is a brand, not merely a project or a coin. And there are still a lot of optimistic emotions floating in the crypto industry. This is why we're talking about the project. Let's have a look at what apecoin has to offer:
1. It is the foundation of a successful brand.
2: It has a fuge fund to make sure that everything runs well.
3. They have a well-balanced team.
4: They have a detrimental impact on the market as a whole.
There's a lot more. This is a very common misinterpretation.

Here are some issues with what I thought:
First and foremost, they already provide airdrops to a large number of people and tokens. And their token price was incredibly attractive, so many individuals who received the airdrop began to sell their coins since they knew it will be dumped soon, and if they sold now and the price fell further, they could re-enter. I don't believe all airdrop recipients have begun to sell, but the majority of people are still unaware that they are eligible for airdrops. It may become more of a dump as they begin to sell. This is the major issue.

Despite the reality that cryptocurrencies is a pump-and-dump market.

But I believe it will be a short-term issue for Apecoin because they are well-equipped to deal with the scenario and may have a backup plan in place to deal with it. And, in my opinion, this is not just a worthwhile project, but also a significant one. It will also be very advantageous for users in the future. And it has the potential to become the next top-listed altcoin.

Well, that's just my opinion; others may disagree. Thank you very much.

[Libr2 40]

I'm guessing that this token will eventually be listed on the Binance platform; there's no better way to profit from a project than this; ApeNFT has a lot of hype, and that's the best way to earn.

[FinlarK 24]

It's not a pump-and-dump situation, bored APE. This is free money to all those who trust in the project and hold the NFT; those anticipating rug pull have no idea what they're talking about.

[zardinark 56]

When they have the opportunity to sell at a favorable price, few investors stay on to their airdrop (it is free money, so don't expect diamond hands from the receivers). Expect more people to sell now that the price has dropped from ath.
I don't believe now is the best moment to buy this coin because it is very likely to fall in value. It's best to keep an eye on how low it can go.
Board Ape Yacht is a great nft firm with wealthy investors backing the Apecoin, and I am confident that the price will rise significantly in the future as long as the coin has a solid function.

Binance, ftx, okex, coinbase, gate.io, kraken, kucoin, and houbi have all listed the coin without delay. Between I don't know what people consider pump and dump these days, it's surprising to see certain members referring to it as such; generally, price falls as a result of selling pressure.

[4Lpha 51]

It's all about the pump and dump, baby!

Those who buy for the first time will quickly lose to the dumper from NFT holders XD. Everyone is sick of this trash ape2 image NFTs, as we all know. This is merely another way for developers to get money by reading their use-case token.

The majority of the information is already available from prior projects.