Howdy fellow degenerates we're here to talk about apecoin or, more specifically, the massive gains in apecoin in this video i'll be getting into what in the world is apecoin i'll. Keep that pretty short, then i'll be talking about why apecoin is ripping right now massive massive gains and then i'll throw out maybe a little predictions of where this could go at the end. But before we get into all that, if you enjoy this type of content, don't forget to hit that like button join up with the channel by hitting the subscribe button, and now that we got that out of the way, let's get to it there she blows. There's an ape coin, or should i say the thing: that's making a lot of people a lot of money in the world of crypto recently now before we get into all the nitty-gritty of this, i want to make it explicitly clear.

This crypto project has nothing to do with amc or gme, in fact, has everything to do with board ape yacht club? If you don't know what that is, maybe you heard of yuga labs, or maybe you've heard of just one of the most successful nft projects. Ever you know the one that all the celebrities are buying and these are going for. Millions of dollars like it is absolutely ridiculous by far one of the most profitable successful, notorious projects out there - and this is now the native currency of that and it's actually, it's obviously related to the whole board yacht club yuga labs, crypto punks, all that stuff. It's in that ecosystem, and this is the currency for it, and they have some new, exciting things coming out and that's exactly why it's running right now, but before we get into it just so, you know, there's only going to ever be a billion of these in Existence they are rolling out over the next 48 months.

It's gon na be a two-year rollout cycle, but there's only ever going to be a billion. It's an erc20 crypto project which basically just means it's on ethereum, which the project itself is more secure. But when you talk about this stuff, you also have to ask: is it a pump and dump there's so many pump and dumps and scams and rugs and crypto? Now? Obviously i don't know i can't tell the future, i'm not a financial advisor, but i actually do trust this one and that's kind of important to say, because there's a lot of crypto projects that i just don't trust at all. Why do i trust this one? Well, if you come over to its twitter and you look at its board just so you know the way this is run.

It is a dow. So, basically, the more you own you get to vote, but they still have a board who's kind of running the day-to-day type stuff. So anyway, it's the community who really gets to vote on things. But if you look at all of the names of the people on the board, these are all very well-known people within the crypto community.

I'm talking very well known people, and i don't think that they would risk their own credibility to be part of a situation that could end up being a rug. Now, obviously, is that 100 guarantee, obviously not, but these five people their entire, like career, is based in crypto. So i think that's a safeguard, so that's something that i like. It makes me a bit more comfortable and before we really get into what's going on.

I want to let you know i do own apecoin, it's a small amount and i'll tell you where to get it at the end of this video, but i also want to be like completely honest that i got in between like 13, 50 and 14 on, like The first day you could get it just because i was like oh, let's see where this project actually ends up going. So why is this going right now you're, like yes, i've heard of board a bia club. I know that's wildly popular, but what's happening now. Why did they roll out with the currency? What's going on like it seems like there's a lot of buzzwords web3 they're working on a virtual community? Well, it's actually related to that.

Apecoin becomes largest metaverse token they're rolling out their own metaverse and, depending on when you're watching this, you might be able to get some of the action. The metaverse will go live on april 30th of 2022 and you can see the excitement for it. This is just ripping eight coin when there's a decent amount of red today, currently up 22 on the day, and really, let's go midway through april. This thing is up 108.

This is just ripping. This is a technical breakout. There's a lot of excitement. High amount of demand - and this is just going higher and higher and higher, so you might be wondering well, why is there so much demand like they're, just rolling out a metaverse like? What's the big deal yeah, i'm reading these opinion pieces that they might do a play to earn game but, like it seems like maybe not there well, what's going on, is apecoin ape is going to be the de facto currency for anything that goes on in this Ecosystem and the big thing in the ecosystem is the rollout of a highly anticipated metaverse other side they're about to sell land and, if you've seen any of these articles, which seems a lot of them, are related to like snoop dogg.

And what he's doing. But there's a lot of money and a lot of manifest the central land sandbox. Some of these pieces of land go for millions and millions of dollars. So this is one that has a lot of impressive name factors.

There's a lot of excitement, hence you're seeing excitement in the currency. That's going to be needed to buy the land for the auction, so the steady bullish momentum for ape is in large part due to the upcoming other side, lan auction being held by yugo labs and anna moca brands in conjunction with board api club nft project. On april 30th, the other side launch will consist of a dutch auction style sale where you have to have a kyc wallet and of the first 100 000 land parcels. All sales will be paid for using ape.

So that's the demand right there. Why ape is going up? More people are trying to get ape because they want to be able to buy this land. So that's why we're seeing such a rip right now and it's just being backed by names that are highly trusted within the crypto community. Like i said, i do have a small portion in myself and i'm up a nice nice percentage and if you want it, there's two easy places to get it.

You could get it on ftx. You can get it on coinbase. There are other places you could get it. I just wanted to.

Let you know of two brokerages that you probably already have an account for it, so i just wanted to quickly call that out, but in terms of where this can go well. First of all, let's be honest: crypto, it's wild! It's highly volatile! This is a high risk. Investment so make sure you're only putting money on the table that you're like actually willing to bet, but i also from a technical perspective, want to really say this is an open range breakout like many things that we see high volatility and massive rips, you just ride The trend for me, i'm bouncing it around in my head of like okay. How do i want to play this? Maybe if it like 10 x's i'll, sell one tenth and just cover my base investment and then let the other 910s rip.

Maybe something like that or maybe i'll just choose to diamond hand it, because once again the people running this highly respected and they already have some of the most successful projects in the world of crypto. So who knows? Maybe this is something that, if you diamond hand it for years and years and years, maybe it'll have a big payout, but i want to make it explicitly clear whenever you sing high volatility stuff like this, it's a huge risk. So, let's be a little bit more uh understanding of the situation that you're getting into, but overall it has been one fun ride and i don't think that it's going to be slowing down anytime soon. Obviously these are my own opinions and i would love to get your thoughts and a comment below.

Let me know if you're going to be trying to pick up some of that land when it goes for sale on april 30th, i'll catch you in the next video have a beautiful day.