ApeCoin Profile
| APE Crypto | USD 1.32 0.10 8.20% |
Performance2 of 100
| Risk Of DevaluationOver 97
|
ApeCoin is trading at 1.32 as of the 24th of April 2024, a 8.20% increase since the beginning of the trading day. ApeCoin has a very high chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Cryptocurrency ratings for ApeCoin are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of May 2022 and ending today, the 24th of April 2024. Click here to learn more.
ApeCoin is peer-to-peer digital currency powered by the Blockchain technology. More on ApeCoin
Moving together with ApeCoin Crypto Coin
| 0.9 | XRP | XRP | PairCorr |
| 0.79 | STETH | Staked Ether | PairCorr |
| 0.73 | AVAX | Avalanche | PairCorr |
ApeCoin is an internet market maker for p-2-p internet money called Cryptocurrency. ApeCoin has been active in the last 3 months, and it is presently expressing a bullish sentiment. Cryptocurrencies such as ApeCoin are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as ApeCoin are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.
ApeCoin Crypto Coin Highlights
Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. ApeCoin's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding ApeCoin or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
| Business Concentration | Technology, Cryptocurrency, Blockchain (View all Sectors) |
ApeCoin is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 18 exchanges in multiple currencies. | |
| Coin Type | ApeCoin |
ApeCoin (APE) is traded on CRYPTO Exchanges. ApeCoin is peer-to-peer digital currency powered by the Blockchain technology. The coin currently falls under 'Nano-Cap' category with a current market capitalization of 6.75 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate ApeCoin's market, we take the total number of its shares issued and multiply it by ApeCoin's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.
ApeCoin's Exchanges and Markets
HitBTC Bitfinex Bitstamp Coinbase Kraken Poloniex BitMart Binance Korbit DigiFinex Coinone Bitkub Gemini Bithumb Bitso CoinEx LBank BigONEApeCoin Target Price Odds Analysis
What are ApeCoin's target price odds to finish over the current price? Based on a normal probability distribution, the odds of ApeCoin jumping above the current price in 90 days from now is about 87.43%. The ApeCoin probability density function shows the probability of ApeCoin crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon the crypto coin has a beta coefficient of 1.9762. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ApeCoin will likely underperform. Additionally, apeCoin has an alpha of 0.0348, implying that it can generate a 0.0348 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of ApeCoin to move above the current price in 90 days from now is about 87.43 (This ApeCoin probability density function shows the probability of ApeCoin Crypto Coin to fall within a particular range of prices over 90 days) .
ApeCoin Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. ApeCoin market risk premium is the additional return an investor will receive from holding ApeCoin long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ApeCoin. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although ApeCoin's alpha and beta are two of the key measurements used to evaluate ApeCoin's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 4.38 | |||
| Semi Deviation | 5.99 | |||
| Standard Deviation | 5.93 | |||
| Variance | 35.16 |
ApeCoin Technical Analysis
When it comes to investing in cryptocurrency, such as ApeCoin, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of ApeCoin, which is currently traded at 1.32, shows everything you need to know about ApeCoin market value. You don't have to consider the fundamental factors that affect a crypto asset, such as ApeCoin, to determine its price movements. However, the ApeCoin's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so ApeCoin's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project ApeCoin's future price trendTransformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. ApeCoin Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe ApeCoin price patterns.
ApeCoin Against Markets
Picking the right benchmark for ApeCoin crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in ApeCoin crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for ApeCoin is critical whether you are bullish or bearish towards ApeCoin at a given time. Please also check how ApeCoin's historical prices are related to one of the top price index indicators.
Be your own crypto manager
Our tools can tell you how much better you can do entering a position in ApeCoin without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.Did you try this?
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| All Next | Launch Module |
How to invest in ApeCoin
You need to understand the risk of getting into digital currencies such as APE before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in ApeCoin in four ways:Buy APE through an exchange
Get yourself a crypto wallet before embarking on your ApeCoin journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase ApeCoin. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.Purchase fractions of ApeCoin through an exchange
You don't have to buy a full token when starting out since APE is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.Trade ApeCoin through a broker
If you don't want to store your ApeCoin Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.Invest in APE through an exchange-traded fund (ETF)
You can also invest in APE through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.Investing Ideas
In addition to having ApeCoin in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Thematic Opportunities
Explore Investment Opportunities
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ApeCoin. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the ApeCoin information on this page should be used as a complementary analysis to other ApeCoin's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.