Take a peek at APE Coin's crypto price movements today, April 19 2024

Liputan6.com, Jakarta – ApeCoin is the native cryptocurrency of the Bored Ape Yacht Club (BAYC) ecosystem. Crypto It is designed to be a decentralized protocol layer. Ape Coin is also used for various initiatives that are supposed to be led by the community.

Based on Coinmarketcap data, Friday (19/4/2024), the price of ApeCoin is IDR 19,248 with a 24-hour trading volume of around IDR 1.02 trillion.

ApeCoin experienced a gain of 4.32 percent in the last 24 hours. Meanwhile, Coinmarketcap's current ranking is 100, down from the previous position of 77 in October 2023.

ApeCoin has a market capitalization of IDR 11.6 trillion. To date, there has been a circulating supply of around 306.8 million ApeCoins out of a maximum of 1 billion ApeCoins.

ApeCoin is built on Ethereum's ERC-20 token standard. This cryptocurrency is traded on some of the largest exchanges, such as Binance, FTX, Huobi, KuCoin, Bybit, Kraken, and so on.

ApeCoin is a decentralized project inspired by Yuga Labs' Bored Ape Yacht Club project. ApeCoin was founded for use in the growing APE Ecosystem, which is supported by the APE Foundation.

The ApeCoin DAO aims to build and maintain the APE Ecosystem in a fair and inclusive manner, providing the infrastructure for ApeCoin holders to collaborate through an open and permissionless governance process.

ApeCoin is the governance token of the APE Ecosystem, which allows token holders to participate in the ApeCoin DAO and provides its participants with a shared, open currency that can be used without a centralized intermediary.

A total of 62 percent of all ApeCoin is allocated to the Ecosystem Fund, which will support community-based initiatives selected by ApeCoin DAO members.

ApeCoin also provides access to certain parts of the ecosystem that are otherwise unavailable, such as exclusive games and services. For third-party developers, ApeCoin is a tool to participate in the ecosystem by incorporating ApeCoin into services, games and other projects.

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