Should You Invest $100 In ApeCoin?
Have you ever considered investing in ApeCoin and cryptocurrencies as a whole?
The cryptocurrency market is in a recovery phase in 2022 after reaching record-breaking figures in 2021.
With many analysts, experts, and gurus encouraging novice/beginner traders to buy the dip, should you invest $100 in ApeCoin?
If you invest $100 in ApeCoin today and there is a spike in the value of the token to let’s say $100, which increases the value of your investment to $886, you stand a chance of making a profit of $786.
This is known as capital gains since ApeCoin falls under crypto which also falls under digital assets.
On the other hand, if the price of APE drops to $5 which decreases your investment to $44, you stand a chance of making a loss of $56.
In the centralized and decentralized financial markets, it is only at the point of selling that you will know if you are going to make PROFITS or LOSSES.
If you want to know more about how you can invest in ApeCoin in addition to learning more about the ApeCoin project, then carry on reading.
If you want to invest in ApeCoin easily and quickly, check out eToro!
If You Invest $100 In ApeCoin Today, What Happens?
The price of ApeCoin has been on a downward spiral ever since the token reached an all-time high price of $39.40 on March 17, 2022. So, if you were to invest $100 in ApeCoin today, there is a huge chance that you will be able to buy more tokens.
Once this happens, should the bulls return in the course of 2022, you stand a chance of seeing enormous earnings in the future.
As of writing, APE’s value has soared significantly year-to-date. The ApeCoin cryptocurrency has returned more than 3,000% for early investors and more than 1,000% for investors that threw money behind the token on the second day of its launch.
This has taken the market capitalization of APE to more than $3 billion.
This valuation makes APE a medium-cap digital asset and the coin would soar higher which will translate to more returns for investors.
This rise will be driven by the high-profile support APE has enjoyed from all the biggest cryptocurrency exchanges by trading volumes such as eToro, Coinbase Pro, OKX, Crypto.com, Kraken, and others. Considering the fact that Dogecoin took seven years to appear on eToro and Coinbase Pro, APE appearing on these exchanges signifies its potential in the saturated cryptocurrency market.
Aside from this, the value of the crypto trading asset continues to benefit from the popularity and success of the Bored Ape Yacht Club (BAYC) digital collectibles.
ApeCoin was inspired by the project and has largely been linked as the native asset or novel token of not only BAYC but its sister project the Mutant Ape Yacht Club (MAYC) as well.
This is one of the major reasons why analysts at Price Prediction.net think ApeCoin has a great potential in the market which can see it rise substantially above the competition.
According to the analysts, ApeCoin could command an average trading price of $15.25, a minimum trading price of $14.69, and a maximum trading price of $17.46 by the end of 2022 with an eye on the short term.
In the medium term, the analysts project APE to reach a regular trading price of $71.37, the least possible trading price of $68.91, and the best possible trading price of $81.64 by the close of 2026.
On the last day of 2030, the crypto forecasting website believes ApeCoin will reach an average price of $305.95, the lowest possible trading price of $297.53, and the highest possible trading price of $356.11 with an eye on the long term.
Should Price Prediction.net’s prediction come to fruition, investing $100 could see you with at least 3,000% in the long term.
Due to the relatively higher price of ApeCoin, many have asked the question, can you really invest $100 in ApeCoin?
Let us find out!
Don't Miss: ApeCoin (APE) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Can I Invest $100 In ApeCoin (APE)?
You can invest as little as $100 in ApeCoin. Due to the divisibility of cryptocurrencies which was started by Satoshi Nakamoto with his innovation of Bitcoin, you can buy fractions of the token.
Cryptocurrencies can be divided into 8 decimal points in the form of 1.00000000.
As of writing, you can buy around 8.86524822 ApeCoins with a $100 investment.
If you decide to hold onto your APEs for the foreseeable future and it reaches new price milestones, you would be seeing a significant rise in your crypto portfolio.
Before investing in ApeCoin with $100 or any amount of money that meets your investment goals, you should know what ApeCoin is.
What Is ApeCoin?
ApeCoin is among the most popular NFT-inspired crypto projects in the market today.
Its native asset, APE, has become one of the most popular cryptocurrencies in the space.
In addition to this, APE is one of the most traded digital tokens in a market of more than 18,500 coins.
ApeCoin has recorded an average trading volume of $500 million in April 2022.
ApeCoin was launched on March 17, 2022, as a decentralized project inspired by Yuga Labs’ BAYC project.
Supported by the ApeCoin Foundation (which has representatives from FTX, Reddit, and Horizen Labs), ApeCoin has the aim of building and maintaining the APE ecosystem inclusively and fairly. This helps provide an infrastructure for holders of APE to collaborate via permissionless and open governance processes.
ApeCoin comprises three entities that ensure its survival and efficiency.
They are the ApeCoin Protocol, the ApeCoin Community, and its cryptocurrency APE.
After appearing on cryptocurrency exchanges for the first time on March 17, 2022, APE had an initial value of $0 but soon hit a maximum price of $39.40.
There are approximately 43 centralized and decentralized exchanges that support the trading of APE.
If you choose to buy ApeCoin through centralized exchanges such as eToro, Binance, Coinbase Pro, Crypto.com, Kraken, Gate.io, BitMart, and ZB Global among others, you would create a custodial wallet.
Under this, you would have access to your account via the passwords created by you during the registration process.
Once you forget your password, you would have to follow proceedings and restore your account.
Thereby, you regain access to your account.
If you choose to buy ApeCoin through decentralized exchanges such as Uniswap V3, you would need to create a crypto wallet. Several wallets can be used to store APEs and they are TrustWallet, MetaMask, Freewallet, TokenPocket, Coinbase Wallet, imToken, and Ledger.
These wallets can be connected to Uniswap Vault 3.
You will be allowed to create a password for your wallet.
Unlike centralized exchanges such as eToro which only allow you access to your account and not your APE tokens, crypto wallets grant you exclusive access to your ApeCoins.
Before you get a wallet address, private keys (also known as passcodes) will be generated for you.
It comes in a minimum of 12 words and a maximum of 24 arranged in a particular order.
In case you lose these private keys, you would not be able to access your ApeCoins no matter the worth of your cryptocurrencies.
ApeCoin is housed in the blockchain technology of Ethereum. Blockchain helps with the creating, storing, distributing, and trading of ApeCoin.
Payments of APE are facilitated through peer-to-peer (P2P) technology.
To maintain the ApeCoin Protocol so that it remains significant, ApeCoin relies on upgrades to the Ethereum ecosystem.
One of the upcoming upgrades which can switch APE from being considered as a proof-of-work (POW) token to a proof-of-stake (POS) token is Ethereum’s move from its old network to Ethereum 2.0.
What’s more, people that enjoy gambling with cryptocurrency can use APE as a payment method on BC.GAME crypto casino.
APE can also be used to make in-app purchases in the video game Benji Bananas.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
What Makes ApeCoin So Valuable?
ApeCoin, like all digital assets, holds no intrinsic value.
For an asset to have intrinsic value, it should be able to command value of its own, aside from the faith people have in it as a transactional currency.
To put it simply, ApeCoin, like modern fiat currencies such as USD, GBP, or EUR is not backed by any physical asset such as gold, oil, or wheat.
On the other hand, ApeCoin can be referred to as representative money.
Therefore, APEs' faith comes from the level of confidence people have in the asset in settling daily transactions.
The worth of ApeCoin is primarily determined by speculation.
When investors sell the tokens, APEs value goes down and when investors pour liquidity into APE, the cryptocurrency spikes substantially in price.
As of writing, APE does not have any physical representations.
As a result, APE does not qualify as a legal tender.
Since it’s a cryptocurrency, no central bank, and government supports its usage in mainstream transactions.
Yet, ApeCoin has broken several milestones in its one month of existence. Ranked as a top 50 digital asset, ApeCoin is more valuable than mainstream corporations such as Shutterstock, Mercury General, Graham Holdings, Xerox, J&J Snack Foods, Evertec, Nova Measuring Instruments, ZipRecruiter, Evergrande, Upwork, Beijing Airport, Newegg, Fiverr, Yelp, and Manchester United Football Club whose market capitalization is below $3 billion.
Many blockchain technology experts believe digital currencies will become mainstream currency as the years sail on.
They think ApeCoin and cryptocurrencies as a whole provide a relatively cheaper, quicker, and more efficient payment system that can revolutionize global transactions.
Check Out: Could ApeCoin Be A Millionaire-Maker Coin?
How To Invest $100 In ApeCoin
When it comes to investing $100 in ApeCoin, there are several best ways and places.
For value and quality purposes, we would recommend buying APE from well-regulated exchanges.
After doing an individual assessment of the 43 exchanges that support the trading of ApeCoin, we finally settled on eToro.
If you are not interested in disclosing much of your details, you can invest $100 in APE through Uniswap (decentralized exchange).
There are no limits as to how many ApeCoins you can buy.
Most exchanges require minimums that are far below $100. Therefore, you can start investing in ApeCoin with $100.
Kindly follow the steps to buy APE on eToro (CEX) and Uniswap (DEX).
Buy ApeCoin On eToro
Firstly, create an account. You should always remember that eToro is regulated. Therefore, you would be verifying the data you provide when signing up.
Enter your full legal name, active email address, active phone number, and provable home address.
Secondly, verify your account. You should have scanned images or soft copies of a government-issued identification card that confirms the details you earlier provided. eToro likes ID cards that have your signature embossed.
In addition to this, eToro will ask for soft copies of your bank statement, utility bill, or credit card statement that confirm your home address.
Depending on how cooperative you are, you can verify your account within minutes or hours.
Thirdly, deposit fiat currency into your account. Of course, we are talking about cryptocurrencies so what has fiat currency got to do with this.
Centralized exchanges combine crypto with fiat.
You can choose from a range of payment methods (bank cards, bank wire transfers, and e-wallets such as PayPal, Neteller, iDEAL, Rapid Transfer, and Skrill among others). Deposit an amount that can help you buy the worth of APEs that meet your investment goals.
Finally, navigate to the ApeCoin page. On this page, you can order $100 or more ApeCoins. eToro will process your order and credit your ApeCoins to your portfolio.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Buy ApeCoin On Uniswap
Firstly, buy Ether (ETH) on TrustWallet. Since you would like to purchase $100 of ApeCoins, you would have to deposit more than $100 in Ether.
Secondly, choose a payment processing company. You can select one of Mercuryo, Transak, Ramp, and Simplex. Transactions will be processed and added to the balance on your crypto.
Thirdly, connect your TrustWallet to Uniswap. On the exchange, you can use your Ether to order $100 worth of ApeCoins.
Finally, APEs will be stored in your TrustWallet. After Uniswap processes your order, ApeCoins will be stored in your wallet.
Will Investing $100 In ApeCoin (APE) Make You A Millionaire?
Investing $100 in ApeCoin can make you a millionaire but certain conditions must be met. The first one is to invest in ApeCoin with an eye on the long term. The second condition is that APE must reach certain price milestones before your millionaire expectation can come through.
Let us analyze the millionaire maker experience using simple mathematics.
At $100, you can buy around 8.86524822 ApeCoin (APEs).
You could become a millionaire if APE trades for $125,000 someday.
As of writing, no analyst, expert or trading guru has made such a forecast.
Even the highest Bitcoin has been estimated to reach is $100,000 in the future.
With the path towards $125,000 almost impossible, you should aim at investing in ApeCoin with more than $100 to see your crypto millionaire status come to fruition.
Millions of people still consider ApeCoin to be a risky investment due to its current trading price of $11 being less than 70% of its all-time high price.
With that said, the pros of the project (exchange listings, impact of BAYC, and the backing of major players in the crypto finance space) far and wide outweigh the cons (a young project with few accomplishments). Therefore, APE could likely be a great long-term investment.
What To Consider When Investing $100 In ApeCoin (APE)?
When it comes to investing $100 in ApeCoin, it would be wise to consider certain factors that could impact your investment positively or negatively.
Blockchain Technology and Virtual Currencies Are a New Concept
Digital currencies gained the attention of institutional investors in 2020 after the crypto market sunk to its knees in March and April of the year of the pandemic.
Although countries such as El Salvador and Honduras have given crypto the green light as legal tenders, others such as the United Kingdom, India, China, and Japan do not believe digital tokens should become transactional currencies due to their involvement in dark web activities.
In addition to these, scammers, and hackers continue to rake in billions of dollars from the decentralized finance market.
While others such as eToro have maintained their reputation over the years, others such as Binance continue to be mired in regulatory concerns in North America.
Therefore do not invest everything into ApeCoin or other crypto tokens.
Anytime digital assets face adversity, there is a substantial plunge in their values.
No one knows if crypto will still be relevant in 5 or 10 years from now.
Invest in ApeCoin with an amount of money you can forget about. Invest in ApeCoin with an amount you can afford to lose or write off as a debt gone bad.
Know the Actual Costs Involved
The fact that you want to invest $100 in ApeCoin does not mean you should save $100 towards the purchasing of the cryptocurrency.
What novices or beginner traders fail to take into account is called fees.
There are depositing and transaction/processing fees.
Depending on the cryptocurrency exchange of choice, you will be made to pay little to zero or relatively higher fees.
Suppose there would be a depositing fee of $5 and a transaction fee of $5, you would need $110 to be able to buy $100 worth of APEs.
Once you understand the actual costs involved, you will enjoy investing in ApeCoin.
Know Your Level of Risk Tolerance
Should APE trade for $1 in the future, can you afford to lose your capital?
Can you afford to move on with your life, should you lose $10,000 in funds invested in ApeCoin?
ApeCoin continues to trade below $15 and would need huge investor interest to retest previous milestones of March 2022.
If you would not lose much investing in APE with $100, you can carry on with your investment.
If you can use the $100 to support your rent or improve your standard of living, you should think twice before investing in ApeCoin. This is because you can lose your investments within days if not hours.
Read Also: 14 Reasons Why You Should Invest In ApeCoin (APE) Today
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Should You Invest In ApeCoin?
While it would have been better to have invested in ApeCoin in early 2022, so that you would have enjoyed enormous returns, it is not too late.
According to analysts at Price Prediction.net, Digital Coin Price, Wallet Investor, and Gov. Capital, APE could reach new all-time highs in the future.
Whatever happens in your crypto investing journey, always know that investments come down to two factors which are rewards and risks.
Never forget to ask the question, do the potential rewards of investing in ApeCoin exceed the possible consequences of the risks associated with ApeCoin investing?
Who knows, ApeCoin could be the missing digital asset that could transform your portfolio into a gainful one.
Open an account with eToro, deposit some funds with USD, and finally – buy ApeCoin from just $10.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Read More:
Should You Buy ApeCoin (APE)? 5 Pros, 5 Cons
How To Make (Or Lose) Money With ApeCoin
Is ApeCoin (APE) Safe To Invest In?