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Hello frens.
As promised, this is the official APE Otherwise Metaverse announcement thread. I
made a nice thread picture to go with it.
It's now 14pm, London time. So Hello to our Americans too, who are just waking
up.
Today makes the 1st year anniversary of the Bored Ape Yacht Club minting. After
we've all had a month to accumulate our dom's exit liquidity coins at $12 and
they announced that their Metaverse would be revealed in April, we will likely
get it today. Land sales are involved and rumor have it APE is the Metaverse
currency and gateway to land. Coinbase is broadening their scope on their
Metaverse platform to fight against opensea and has cinematic productions with
BAYC avatars in the pipeline.
Don't die seething because you thought it's a meme animal coin. Today is the day
to make free money. Yes, it's literally free money. In 20 hours, those who
seethed at this thread will have learned a lesson and everything is better than
it was before, in any case.
I'm at 2900 or $48k as of this post, and I'll make at least very $10k today.
Our APEs pumped again overnight in expectation and we will get a more
significant pump later that day. Our modest target today is APE at $21. You can
get out at 21 if you don't like gambling. I will announce this conservative
strategy again in the thread once the price reaches $21, no worry.
What's your price target?
Should we sell at $21? Discuss.
Now, gents, lean back in the knowledge that your net worth will be +25% by the
end of days. >>48169891
>doge has infinite tokens
It has a set limit on mining. You can't mine infinite tokens in a given year.
Ape is a premined shitcoin which was airdropped to a lot of people, and again,
something like 2/3'rds of the tokens haven't been distributed yet. Meaning, it's
completely unclear as to how those tokens will be used. I really don't think you
will have to spend money on a graphics card to mine them though, meaning that
any amount of distribution will simply result in a wave of sell pressure. Most
crypto/tokens that run really high have the majority, or a vast amount of
token/coins, controlled by 1 or a few hands, something like 10 wallets have 67%
of doge, over 20% of SHIB is controlled by 1 wallet, and 100% of SHIB is already
distributed. APE is highly distributed, it isn't centrally controlled, meaning,
there are simply more people to dump bags. When it does pump, and you can see it
on the chart now, it is far more grindy, slower, more pullbacks, than tokens
with higher concentrations of liquidity.
APE still has 67% (or so, I don't know the specific number) of it's token to
dump in some stupid way that won't actually be meaningful or generate value, as
premined tokens, generating value, is simply not a thing. It can, at best,
create an illusion of value. However, 2/3rds is a vast fucking amount. I'd think
it was negligible if was only like 10%, that might be more practical. >>48169423
>two thirds are not distributed.
"ApeCoin (APE) is an ERC-20 token powered by the Ethereum blockchain, with a
total fixed supply since its first creation. All ApeCoins will be allocated
among four sections as follows:
Tokenomics of ApeCoin (APE)
ApeCoin
62% ─ for Ecosystems’ funds, where 150 million tokens are for BAYC/MAYC
Airdrops, and 740 million tokens are reserved in DAO Treasury.
16% ─ for Yuga Labs and Charity, where 150 million tokens are for Yuga Labs, and
10 million are donated to the charity.
14% ─ for Launch contributors, with a total amount of 140 million tokens
8% ─ for BAYC founders, with a total amount of 80 million tokens"
Damn, the FUDfags have nothing but lies lol. Get fucked. War: Lockheed Martin | General Dynamics | Raytheon
Pharma: Takeda | Abbvie | Bristol | Merck | Sanofi | Amgen | J&J |
Commodities: Bunge | Platinum ETF | Coffee ETF
China: Hutchison | China Health ETF | China ESG ETF
"I'm a Bond Villain now!": BlackRock | Apollo Global Management | Kinder Morgan
Crypto: BTC, Luna, Atom, Near, Sol, Avax, Dot, Bnb, Mkr, Crv
Margin: BTC 2x long, ETC 2x short, APE 1x short Ok anon, today we are going to talk about market cap. Why market cap? Because it
is one of the most important numbers you can look at when investing in a
token/security.
Let's say you find a token on biz, we can call it APE. You see lots of people
talking about it, the chart looks ok, maybe you ever saw a picture that made you
pp feel funny.
So you see that the market cap is $3 billion, wow, that number is so high, that
must be a great thing right? No you fucking retard, that is a bad thing.
Why? Because the higher the market cap, the less room for growth. Let's break it
down into some numbers so you can really understand.
So let's say you spend $100 on APE. How much would the coin have to grow before
you make $10k? 10000 / 100 = 100x. So you would need the coin to 100x before you
make 10k. In order for APE to 100x, the market cap would need to increase 100x,
which means it would have to reach a market cap of $300 billion.
Just to put things in perspective, the ATH for any memecoin is around $70
billion. So APE would need to reach 400% of the ATH for any memecoin ever.
So how can you REALLY make money. You get lucky on a coin that is low market cap
in hopes that it someday reaches a high market cap.
So lets pick GOHO as an example. The market cap is roughly $280k, price has
stabilized from recent pump. If GOHO were to reach 10 mil market cap, that would
be a gain of 4000% (40x) from whatever was invested right now. Dog with bat
reached an ATH of 250 mil, so if GOHO hit that mcap of 250 mil, whatever money
was invested today would grow 100000% (1000x), and it would grow 4000000%
(40000x) if it reached SHIB levels.
So when you pick a project you are going to invest in, keep this shit in mind.
And next time some SHIBfag says that it is going to reach 1 cent, just remember
that they are basically saying SHIB is going to have a $10 trillion market cap,
which is 3x the size of Apple stock.
Ok thats all I got. Who's got questions?