A few months back, I shared my thoughts on this question with a friend of mine and he suggested that we reach out to our readers for their insights. If you’re interested, please share your predictions as well! In doing so, you’ll really help others understand how these coins are evolving with help from exchanges or even merchants themselves. You can also share any tips and tricks that have helped you increase your holdings or minimize your losses if they happen at all.
Apecoin is a clone (fork) of Litecoin, so the starting point is already the same…a baseline of 100 coins per block to be produced in the first year. This translates into 1,800,000 Apecoins in the first year, assuming no one mines any Litecoins during that time. The next question on everyone’s mind is how many coins will be produced every day?
In 2022 and beyond, which Apecoin will be worth more?
Apecoin is a clone (fork) of Litecoin, so the starting point is already the same…a baseline of 100 coins per block to be produced in the first year. This translates into 1,800,000 Apecoins in the first year, assuming no one mines any Litecoins during that time. The next question on everyone’s mind is how many coins will be produced every day?
ApeCoin Price Prediction 2022
Apecoin PoW/PoS is set to take advantage of the powerful Scrypt hashing algorithm. As a hybrid of both Proof-of-Work and Proof-of-Stake, Apecoin will be one of the safest coins out there. The Bitcoin Network uses SHA256, an algorithm that was designed by the NSA and has been used in military applications to identify targets for their fighter jets. In fact, it’s so powerful that it can deliver more energy than you’ll ever need. This is why GPUs have been running circles around CPUs when it comes to mining Bitcoins.
Conversely, the Scrypt PoW/PoS algorithm is a memory-bound function, which means that it will try to find hashes in a function that will require the user to access memory. The reason for this is to prevent ASIC miners from being effective in mining coins. This makes it so that anyone who has a computer can mine Apecoins without the need for expensive equipment. Miners on ASIC hardware will have no advantage in finding blocks.
What are ApeCoin Price Prediction 2022 and Beyond
The reason why we’ve begun to look at what ApeCoin might be worth in 2022 and beyond is because of LiteCoin’s PoW/PoS model. If you’ve been looking for a more secure and energy-efficient option for mining cryptocurrencies, then you may want to consider investing in ApeCoin.
Apecoin was launched by the creator of Litecoin and was created by a former Google engineer, which explains its commitment to security. The collective skills and experience behind Apecoin are something that has been developed over time and cannot be replicated overnight, even by other bitcoin developers.
