To dive deeper, check out the complete article from original source:
https://droomdroom.com/apecoin-fundamental-analysis/

Overview ApeCoin (APE) hit its peak in March 2022 but plummeted 97% in one day and has struggled since. This analysis covers its fundamentals, including the team, ecosystem, tokenomics, use cases, competition, and future prospects.

Team & Governance APE is governed by ApeCoin DAO, where every token holder can vote on ecosystem issues. The DAO is represented by the ApeCoin Foundation, which implements decisions. The Foundation’s Board, consisting of five members with one-year tenures, drives the vision and targets.

Ecosystem The APE ecosystem includes NFT collections like Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and projects like the Otherside metaverse. Initially, BAYC holders received APE tokens, making it the utility token for the BAYC ecosystem.

Tokenomics APE has a fixed supply of 1 billion tokens. Distribution includes 47% to the DAO Treasury, 15% to BAYC and MAYC holders, 15% to Yuga Labs, 14% to launch contributors, 8% to BAYC founders, and 1% to the Jane Goodall Legacy Foundation. About 30% of the supply was unlocked at launch, with the rest to be released gradually by 2026.

Use Cases APE facilitates governance in the ApeCoin DAO, accesses exclusive ecosystem areas, and integrates with third-party projects. It gained prominence during the Otherside land minting, valued at $300 million. APE is also used in games like Benji Bananas for rewards.

Competition APE faces competition from other metaverse tokens like Decentraland’s MANA, Axie Infinity’s AXS, and The Sandbox’s SAND. All these tokens allow holders to participate in governance and unlock ecosystem features.

Future Prospects The future of APE is uncertain, closely tied to the success of its ecosystem. Interest in NFTs and virtual collectibles, currently waning, significantly impacts APE’s prospects. However, successful new projects within the ecosystem could revive its fortunes.

Drawbacks APE’s main weakness is its limited use outside its ecosystem, hindering growth. Investors are advised to be cautious due to its high volatility.

Takeaway APE remains an intriguing project amidst setbacks and competition. While it has potential, investors should conduct thorough research and proceed cautiously due to its volatility. 🚀.