Best Methods On How To Earn ApeCoin (APE) Fast

Last Updated March 31st 2022

10 Min Read

How Can I Get an ApeCoin (APE)?

ApeCoin has been trending in March because of the success of the Bored Ape Yacht Club (BAYC) NFT collectibles. In this article, we will provide you with numerous methods on how to earn ApeCoin fast.

ApeCoin (APE) trended on search engines across the globe when several cryptocurrency exchanges announced that they will be listing the coin for trading on Wednesday, March 17, 2022.

Several traders and investors noted down the time the ApeCoin asset will appear on their preferred exchanges. Those who invested a lot of money in the token from its inception as a crypto trading asset saw massive percentage gains. This is because APE opened at $1 and reached an all-time high price of $39 within a few hours.

With this, the cryptocurrency brought in gains of approximately 3,800% to investors who bought and sold APE at the right time. Since bulls follow bears and vice versa, the bearish outlook of the market in 2022 has encircled ApeCoin, as of writing.

As a result, the crypto token has plunged by more than 66% of its all-time high in its second full week of trading.

Despite this, analysts on Price Prediction believe the Apecoin (APE) asset ecosystem has a huge potential in the short, medium, and long term. The analysts believe APE could reach a new all-time high price of $20.57 by the end of 2022 for the short term. In the medium term, Price Prediction foresees ApeCoin testing $40 and eventually settling at $46.66 on Dec. 31, 2024. The analysts further forecast the token to command a price of $151.36 by the close of 2027, with an eye on the long term.

Such predictions have led to a growing interest in APE. This has also led to questions being asked about how investors can get their hands on some of the coins.

One question that continues to get hits online is, what are the best methods on how to earn ApeCoin fast?

By reading this article in its entirety, you will be informed about at least 5 legitimate ways on how to earn ApeCoin’s fast.

How Can I Earn ApeCoin (APE) Fast?

Below, we have listed the best methods on how to earn ApeCoin fast.

1. Get Paid In ApeCoin

2. Lending ApeCoin For Profits

3. Earn Free ApeCoins Through Promotions

4. ApeCoin Mining

5. ApeCoin Staking

6. ApeCoin Trading

Why ApeCoin (APE)?

Before we zoom straight into the best methods of how to earn ApeCoin fast, it is important to answer the question; why ApeCoin?

As an ERC20 token, ApeCoin is used as a utility token within the APE ecosystem to help in the building of decentralized communities which will become an integral part of Web3.

As a part of decentralized finance, users of APE can send and receive the token without the help of third-party institutions such as traditional banks, insurance companies, and clearinghouses.

There are several benefits of owning ApeCoin and among others are;

1. Potential for Growth

Although the creators of Yuga Labs have done all they can to distance themselves from ApeCoin, the impact of their NFT collection, Bored Ape Yacht Club (BAYC) will affect the token.

After hitting NFT Marketplaces in April 2021, Bored Ape Yacht Club has become the highest-selling digital collectible.

Sales volume reached a high of $297 million in August 2021 and the NFTs have generated $311 million and $110 million in January and February 2022 respectively.

In comparison to several mainstream tokens that do not have vibrant ecosystems, ApeCoin has been lucky.

The token has been linked with a successful project that has lifted its potential in a saturated market where more than 18,000 tokens fight for the same number of investors.

This means that aside from the forces of demand and supply, the periodical cumulative volume of the Bored Ape Yacht Club (BAYC) and the forces of demand and supply could reflect positively on the price of ApeCoin.

Once this happens, long-term investors could see a huge spike in investment earnings.

2. Consistent Passive Income

Cryptocurrency exchanges that support the trading of APE such as Binance, OKX, and Coinbase PRO offer staking services to users who want to become liquidity providers.

The aforementioned are the top three largest markets for the trading of ApeCoin.

The annual percentage yields (APYs) offered range from a minimum of 5% to a maximum of 10%.

Aside from that, the APE ecosystem is housed in the blockchain technology of Ethereum.

This means that you can make passive income from mining.

If you have application-specific integrated circuits (ASIC)-backed computers that can stand the energy-intensive proof-of-work (POW) system of Ethereum’s old network, you can mine APE.

You can also join a mining pool and make some decent money periodically.

When Ethereum 2.0 becomes fully functional which moves the network from POW to proof-of-stake (POS) system in 2022, you can make consistent passive from staking and enjoy daily rewards.

3. Exposes you to the Non-Fungible Token (NFT) Market

The world of NFTs has changed art forever. Several artists have taken advantage of the indestructible, non-interchangeable, indivisible, and verifiable nature of NFTs to sell off their creations.

As of writing, the NFT market had a capitalization of approximately $28.33 billion.

With a collection of 10,000 Bored Apes, you will come into contact with several marketplaces.

Aside from that, you will get to know several collectibles such as CryptoPunks, NBA TopShots, World of Women, and others.

So aside from ApeCoin, once you become knowledgeable about the space, you can take advantage of news, and make timely investment decisions.

Read Also: ApeCoin Price Prediction

4. Offers a Cheaper Way of Paying for Online Services

With Ethereum gas fees down to new all-time highs and several layer-2 scaling platforms in the market today that enables faster transactions with low fees, you can send money at a cheaper cost to friends and family.

Now that you have been informed about the benefits of being an ApeCoin owner, let us look at the best methods on how to earn ApeCoin (APE) fast.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Best Methods On How To Earn ApeCoin (APE) Fast

1. Get Paid in ApeCoin

This is one of the fastest and easiest ways of earning ApeCoin.

As of March 2022, more than 75% of businesses ask their employees if they are open to receiving their salaries in crypto, aside from the normal fiat system we are all used to.

With a booming remote working market, the creation of wallets has hit new high highs.

According to TripleA, there are more than 300 million crypto users worldwide.

Crypto Wallets that support APE such as MetaMask which can be connected to the Ethereum Network are helping make cross-border payments relatively easy.

If you are a writer, editor, data miner, research analyst, graphic designer, or news writer who comes from an advanced world where there are no limitations as to the use of digital assets, you can request payments in ApeCoin.

Once you have several APEs in your wallet, you can decide to hold them for a long time.

Once there is a spike in the price of the tokens, all you have to do is to send it to a cryptocurrency exchange that supports the trading of ApeCoin such as Coinbase, and sell them off for profit.

2. Lending ApeCoin for Profits

Although ApeCoin is part of the APE ecosystem – this ecosystem is also part of the Ethereum ecosystem.

This means that APE comes into contact with several areas of the space such as decentralized finance (DeFi), decentralized protocols or applications (DAPPS), decentralized lending, stablecoins, and decentralized exchanges (DEXs).

Most DAPPS are always in need of liquidity providers (LPs) to ensure that there is an abundance in the flow of money in a particular application.

You can go through several DAPPs such as Uniswap (UNI), Yearn Finance (YFI), Aave (AAVE), Curve (CRV), SushiSwap (SUSHI), and Compound (COMP) among others.

Analyze the percentage yields you could make as a liquidity provider and swap your ApeCoins to Ether (ETH).

With time, you could be making substantial profits that could be reinvested into the buying of more tokens.

Our Advice: Although several DAPPs can help you make profits, you should know that most scams associated with the crypto finance space are linked to DAPPs and the use of privacy coins. As a result, use mainstream DAPPs like the aforementioned that has been tried and tested by millions of people.

3. Earn Free ApeCoins through Promotions

Cryptocurrency exchanges and new crypto projects normally embark on periodic promotions to reward loyal customers.

One of these promotions is called AIRDROP.

An airdrop in the crypto finance space is a marketing strategy that involves sending tokens to certain wallet addresses to promote the awareness of a new currency or to reward loyal followers.

The team behind ApeCoin has announced ApeCoin Airdrop.

On March 15, 2022, the creators of Bored Ape Yacht Club acquired NFT collectibles CryptoPunks.

Aside from this, Mutant Ape Yacht Club (MAYC) is also a part of the APE ecosystem.

With a deadline of June 15, 2022, holders of Mutant Ape Yacht Club stand a chance of claiming 2,042 APE tokens, and holders of Bored Ape Yacht Club NFTs stand a chance of claiming up to 10,950 APE coins.

Overall, 150 million APE tokens will be distributed to loyal holders of these digital collectibles.

You can visit the airdrop page here.

Let’s say ApeCoin is trading for $10 when you receive 10,950 APE as a loyal Bored Ape Yacht Club holder, you stand a chance of making $109,500.

For the same price, if you should receive 2,042, you stand a chance of making $20,420.

You can keep the APEs or invest them into coins of up-and-coming blockchain projects with huge potential.

4. ApeCoin Mining

As of writing, there are approximately 277 million ApeCoins in circulation from a total and maximum supply of 1 billion. This means that 28% have been mined with 72% of ApeCoin’s still unmined.

Any token that is housed in Ethereum’s Network takes its features. Ethereum is still largely a proof-of-work (POW) network.

Although Ethereum 2.0 was launched in December 2020 and the London Hard Fork was introduced in August 2021, full migration to the proof-of-stake (POS) system has not materialized.

Therefore, as earlier pointed out, if you have a computer that has the requirements (application-specific integrated circuits), you can become an individual miner, and rake in mining rewards.

If you are unable to do this, you can join mining pools, and contribute power to the network to help validate transactions. In case Ethereum becomes a proof-of-stake network, mining could be scrapped but you can still earn APE through staking.

5. ApeCoin Staking

Once Ethereum achieves full migration, staking will become an essential part of the technology.

As of writing, Terra (LUNA) and Solana (SOL) lead Ethereum in terms of the number of stakers, and total value staked.

As of writing, less than 10% of Ether coins have been staked.

Once Ethereum 2.0 becomes active, this could change, and coins in Ethereum’s ecosystem will have to move from proof-of-work ways of validation transactions.

Instead, ETH and other POW-backed coins will have to commit a certain number of tokens to the network (staking) to help in the validation and verification of transactions. That way, you will earn staking rewards in the form of APE coins.

6. ApeCoin Trading

ApeCoin trading is the most popular and fastest way of earning more APE fast.

On eToro, Coinbase PRO, Binance, OKX, and Uniswap V3, you can trade APE for fiat currencies (APE/USD, APE/EUR, and APE/GBP) as well as for other tokens (APE/BTC, APE/ETH/, and APE/USDT).

With the price of APE low in comparison to Bitcoin, Ether, and Binance Coin, you can buy more ApeCoins.

Once the coin reaches new milestones, you can sell them off.

In a bearish market, you can invest in stablecoins such as United States Dollar Coin (USDC), United States Dollar Tether (USDT), and Binance United States Dollar (BUSD) among others.

Once the market picks up, you can reinvest more into ApeCoins.

Don't Miss: The 5 Best Ways To Buy ApeCoin (APE)

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Final Take

Although there are many best methods on how to earn ApeCoin’s fast, you should know that there are risks associated with every move in the volatile world of cryptocurrencies. Therefore, understand all the ways of earning ApeCoin before you delve into it to prevent you from being involved in shady deals.