ApeCoin Price Today: APE to USDT on Binance Spot

ApeCoin (APE) is currently trading at $0.127996 USD, with a 24-hour trading volume of $12,757,145 USD [2]. The cryptocurrency has experienced a 0.86% decrease in the last 24 hours [2]. ApeCoin is an ERC-20 token built on the Ethereum blockchain, functioning as a governance and utility token within the APE Ecosystem [2].

Key takeaways

• ApeCoin (APE) is trading at $0.127996 USD with a 24-hour volume of $12,757,145 USD [2].
• The token is down 0.86% in the last 24 hours and holds CoinMarketCap ranking #160 [2].
• ApeCoin is an ERC-20 token on Ethereum, used for governance and utility within the APE Ecosystem [2].
• The total supply of ApeCoin is fixed at 1 billion tokens, all minted at once [2].

ApeCoin's Role and Ecosystem

ApeCoin serves as the governance token for the APE Ecosystem, enabling holders to participate in the ApeCoin DAO [2]. This decentralized autonomous organization allows token holders to vote on proposals, including the allocation of the ApeCoin DAO Ecosystem Fund [2]. The APE Foundation, supported by an administrative council known as the Board, handles the day-to-day administration and project management, with Board members being elected by ApeCoin DAO members [2]. The APE Foundation was gifted a unique NFT by Yuga Labs, creators of the Bored Ape Yacht Club, with all rights and privileges conveyed to the Foundation, allowing DAO members to decide on its intellectual property usage [2].

Market Performance and Technical Indicators

The live ApeCoin price is $0.127996 USD, with a circulating supply of 1,000,000,000 APE coins and a maximum supply of 1,000,000,000 APE coins [2]. ApeCoin is ranked #160 by market capitalization, which stands at $127,996,354 USD [2]. While ApeCoin is an ERC-20 token secured by Ethereum's proof-of-work consensus mechanism, information regarding its specific price movements against USDT on Binance Spot, beyond its general trading status, is not detailed in the provided sources [2]. Bitcoin (BTC), a major cryptocurrency, is also trading against Tether (USDT) on Binance Spot, with its price currently at 63,604.01 USDT, showing a 0.04% increase in the past 24 hours [1]. Bitcoin's price has risen by 4.14% over the last week, but has decreased by 19.83% in the past month and 39.81% in the last year [1].

Why it matters

ApeCoin's function as a governance and utility token highlights its role in empowering a decentralized community within the web3 space [2]. Its integration into the APE Ecosystem, inspired by the Bored Ape Yacht Club, provides holders with a shared currency and access to exclusive ecosystem features [2]. The fixed total supply of 1 billion tokens is a key characteristic of ApeCoin's tokenomics [2]. Meanwhile, Bitcoin's volatility and its trading pair with USDT on platforms like Binance are central to the broader cryptocurrency market, influencing investor behavior and trading strategies [1].