The Bored Ape Yacht Club (BAYC) has become the most iconic NFT project on the market, with a market capitalization of over $1.5 billion and endorsements from celebrities like Snoop Dogg and Eminem.
The cheapest Bored Ape will set you back over $100K, so for many of us, getting exposure to the project has been a distant dream; luckily, the release of the project’s governance token, ApeCoin (APE), has given us an opportunity to get involved with the prestigious NFT club.
This article will guide you through buying APE using Swapzone’s aggregator service and then see if the market analysts expect it to be a good long-term investment.
Table of contents
1. Visit the Swapzone APE Exchange Page
With Swapzone, you don’t need to worry about paying high fees when buying some APE for your portfolio as we scan the web for the best swap offers.
To get started with your exchange, go to the APE swap page and then decide what crypto you’ll swap. You can trade APE for dozens of cryptos such as Bitcoin (BTC), LiteCoin (LTC), and Ripple (XRP). This blog post will use Ethereum (ETH) as an example, but the process is the same as any other cryptocurrency.
2. How Much APE Do You Want To Buy?
Scroll down the Swap page until you find the send box; here, you need to enter the amount of ETH you want to trade; once you’ve entered the ETH, you’ll see an estimate of how much APE you’ll receive in the get box.
The amount of APE you’ll get is an estimate as it could change slightly during the transaction, so don’t be surprised if the amount that ends up in your wallet is somewhat different from the amount displayed in the get box.
3. Pick The Exchange You Want To Use
Swapzone has now scoured the market for the best possible ETH-APE swap; all you need to do is scroll through the list that’s divided into the Fastest, the Best Rating, and the Best Rate, and then press the blue exchange button displayed next to the swap services.
4. Wallet Adress Information
This is an important step; you need to fill in your APE wallet address and then enter your ETH address if we have to send you a refund. All the information you enter here must be accurate, as tokens sent to the wrong place are often impossible to recover.
On a less serious note, if you want to get updates and news from Swapzone, you can enter your e-mail address.
5. Send Your ETH
Send the amount of ETH you agreed to in step 2 to the address displayed on your screen from any compatible wallet. Remember that sending tokens to the wrong address will result in the transaction failing and your tokens vanishing, so take your time to ensure all the details you enter are correct.
6. ETH-APE Swap Successful
After the ETH arrives at the swap address, your APE tokens will be sent to your wallet, so check the address to make sure they’ve arrived. Coming to Swapzone for help with your ETH-APE exchange saved you money, time, and a lot of hassle.
Even though APE has the backing of one of the top blue-chip NFT projects, you might still have some doubts about investing; if you want to put an end to your doubts, take a look at what the experts are forecasting for the token in the section below.
APE: A Strong NFT Play Or Overhyped?
(Disclaimer: None of the information in this article should be considered as investment advice; always do your research before investing.)
The ApeCoin is an ERC-20 token that acts as the governance token for the Bored Ape Yacht Club (BAYC). The token launched in March of this year, and according to CoinGecko, its market capitalization has since grown to exceed $1.7 billion, making it the #39 on the market.
Following APE’s launch, its price went parabolic, moving from $10 to over $20 in just over a month as investors rushed to get a piece of the ever-growing BAYC pie.
However, despite the great start, the token has now lost 77% from its all-time high of $26.7 and now trades at $5.28. So is this the right time to buy the dip? Let’s see what the expert analysts have to say on the long-term trajectory of APE.
TradingBeasts forecasts APE struggling for the next couple of months before recovering towards the end of 2022 and hitting a maximum target of $10. However, they expect APE to return over 100% by late 2023 and potentially move above $20 in 2025.
CryptoCurrencyPricePrediction is very bullish on APE, they predict the token will finish the year at $12, and the token will continue to grow in value throughout the decade, hitting $50 in early 2025.
CoinCodex has predicted a very bumpy 2022 for APE with an expected price drop of over 40% over the next few months. However, a terrible 2022 will be followed by an exceptional 2023 with a 120% jump, followed by 393% in 2024, and then a potential 1000% rise to $66 in 2025.
It seems that the experts expect the rest of 2022 to be a bumpy ride for APE, but in the long run, they all the token netting decent profits.