The cryptocurrency market is on the verge of a dramatic change as investors are looking to diversify their portfolios with some coins that are not only promising growth but also offer protection during volatile times. This is especially true during cryptocurrencies’ bearish period, or when it comes to Altcoins in general due to many ICOs failing and crashing. But one coin that has been gaining attention over the past few weeks is ApeCoin (APE). It started its platform in 2008 but got its second wind in 2018 and now it’s attracting significant interest from investors.
ApeCoin is the first cryptocurrency to ever utilize a form of algorithmic trading that was created by its founder back in 2008. It is one of the few cryptocurrencies that is 100% open source and has a developed algorithm that is a derivative off of Bitcoin’s code. The coin itself started as a peer-to-peer financial network but later expanded its capabilities to become an algorithmic trading platform with over 1,000 users and millions of trades being executed each year.
The Benefits Of ApeCoin
APE was created from the ground up to be a stable cryptocurrency. This means it’s designed to withstand many market fluctuations without losing its value. It has been designed with the best practices of a business to ensure it operates. The currency is inherently stable because of the fact that it has a community that backs its platform and uses it for trading.
And then you have the “Trading ApeCoin” which is an algorithm that has been developed using ApieCoin as an underlying asset. The way this works is that all trades are recorded on the Apecoin blockchain and priced in U.S. dollars, where they will be reported as part of the trading platform’s transparency and history. And this historical information can be used by investors to analyze trades and the perception of the ApeCoin platform.
What is the potential of the APE coin?
After months of trading under $1, Apiecoin has finally seen some price action in recent weeks, reaching highs of $2.96 on January 18th. This is a significant growth rate compared to December when it was just under 70 cents. And based on current sales, we can expect the value to continue increasing at a steady rate with very little volatility.
After a long lull in mid-2017, Apecoin made a big comeback and started growing strongly in the first quarter of 2018. The Apecoin price briefly touched $2 on January 11th and fell to $1.52 two days later before rising again to test the $2 mark once more. It is currently trading at $1.08, according to CoinMarketCap, but if the pattern of the past months continues, we may see it easily surpass this price in the near future.
The coin has been steadily increasing in value since June and is showing no signs of stopping now that it has reached new heights in its latest rally on January 18th. Currently, the market cap is at $20.4 million and if it keeps climbing at the current rate, we may see the value surpass $37 million before summer.
The Biggest Potential
The biggest potential for this coin is not in trading but rather the company itself. If you were to look at its code, it’s obvious that its roots were laid down during 2008 when it first started operating as a peer-to-peer network to facilitate financial transactions between people all over the world. The founder worked for several years with a team of engineers and financial experts to develop an algorithmic trading platform that enabled anyone to trade on a global scale. Users can trade on the platform using a basic level of binary options, which are easy to understand and to master.
The platform is also proving to be a valuable asset as it records all trades in real-time and reports them with full transparency. This way, it gives investors the opportunity to keep track of all historical data and use it for investment decisions. As more people join the platform and use Apecoin for trading, we may see the coin reach new levels in terms of value and demand.
