1
Apecoin price is trading below the key moving averages, showcasing the bearishness on the daily chart.
2
This week, the price has dropped by almost 6.62% as per TradingView data.
ApeCoin serves as a dual-purpose token within the APE Ecosystem, functioning as both a governance tool and a utility asset to foster a community-led environment at the cutting edge of web3.
The ApeCoin community exercises self-governance through a decentralized framework that oversees the ApeCoin DAO, with members casting votes on the allocation of the DAO’s Ecosystem Fund. The APE Foundation is responsible for implementing the decisions made by ApeCoin holders.
As the governance token of the APE Ecosystem, ApeCoin enables its holders to engage in the ApeCoin DAO, providing a communal and transparent currency that operates independently of centralized parties. A significant portion, 62%, of the total ApeCoin supply is dedicated to the Ecosystem Fund, aimed at ba
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