Is bored ape Social Club (BAPE) underperforming the global cryptocurrency market?

With a price increase of 0.00% in the last 7 days, Bored Ape Social Club (BAPE) is underperforming the global cryptocurrency market which is up 2.40%. What is the market sentiment of Bored Ape Social Club today?

What is apecoin (apecoin)?

Bored Ape Yacht Club owners can now claim the token, which will have utility and governance capabilities—plus other potential benefits. ApeCoin is a new Ethereum token based on the Bored Ape Yacht Club NFT project. Bored Ape NFT holders can claim free tokens, plus it can be purchased at exchanges.

Is apecoin a fungible token?

ApeCoin is explicitly linked to these famously pricey non-fungible tokens, and is very much involved with Yuga Labs, the company stewarding the intellectual property behind the Bored Apes. But a carefully coordinated marketing campaign has taken great pains to dissociate ApeCoin from any one conventional corporation.

How many apecoin tokens are in circulation?

The total supply of ApeCoin is permanently fixed at 1 billion tokens, all minted at once. On launch day, March 17, 2022, 30.25% will be in circulation. This percentage will continually increase following launch day at regular intervals over a 48-month period.