ApeCoin is stellar and still available. What about BRISE?
ApeCoin is a very hot ERC-20 governance and utility token. Investors can use it within the APE Ecosystem to empower decentralized community building at the forefront of web3. The founder team also uses APE tokens to incentivize people to join its ecosystem. ApeCoin is already on 209,463 watchlists, and it’s high-ranking on various Defi platforms.
Furthermore, the token holders govern themselves via the decentralized governance framework controlling the ApeCoin DAO. They also vote to decide how the ApeCoin DAO Ecosystem Fund should be used. Afterward, the APE Foundation will administer proposals approved by the APE holders.
The founder team got the inspiration for creating ApeCoin as a decentralized project from Yuga Labs’ Bored Ape Yacht Club project. They developed APE to use it within the burgeoning APE Ecosystem. Currently, the APE Foundation supports the latter. According to the team, the ApeCoin DAO aims to build and maintain the ecosystem in a fair and inclusive way. It will also provide an infrastructure for ApeCoin holders to collaborate through open and permissionless governance processes.
There is an administrative council within the APE Foundation that will carry out the ApeCoin DAO members’ decisions. Moreover, the Board is responsible for the day-to-day administration, project management, bookkeeping, and other tasks. All of these ensure the Community’s ideas have the support they need to become a reality. ApeCoin DAO members can also vote on Board members.
What’s so special about ApeCoin?
ApeCoin isn’t the first Defi token that garnered investors’ attention. However, it boasts many impressive features and stands out among other similar tokens thanks to that. As the ecosystem’s governance token, APE enables token holders to participate in its DAO. The team gives its participants a shared and open currency that customers can use without centralized intermediaries. It also allocated 62% of all ApeCoin to the Ecosystem Fund. The latter will support community-driven initiatives according to the votes of ApeCoin DAO members.
In addition, ApeCoin will give users access to certain parts of the Ecosystem that are otherwise unavailable, like exclusive services and games. For third-party developers, this token is a tool to participate in the ecosystem by incorporating ApeCoin into games, services, and other projects.
Yuga Labs, the creators of Bored Ape Yacht Club, gifted the APE Foundation a 1 of 1 NFT. The company has also conveyed all rights and privileges to this NFT (non-fungible token) and its underlying artwork to the APE Foundation. As a result, the ApeCoin DAO members can now decide how to use this intellectual property.
ApeCoin launched its own native token APE on March 17, 2022. The team permanently fixed the total supply of APE at 1 billion tokens, all minted at once. On launch day, 30.25% of the tokens were in circulation. But the company has been gradually increasing this percentage after the launch day at regular intervals over a 48-month period. The amount of APE in circulation is a dynamic number, and it will constantly change both due to the release schedule and numerous market factors.
ApeCoin is an ERC-20 token. That means the team launched it on the Ethereum blockchain. Consequently, it is secured by Ethereum’s proof-of-work consensus mechanism and is very safe.
Cardano investors should check out Bitgert (BRISE) token
Bitgert is one of the fastest-growing ecosystems in the Defi space. It also introduced a gasless chain. The team plans massive developments on the Bitgert project; thus, it will likely achieve even more success in the near future.
Cardano posted massive growth in 2017 when its coin launched. However, some analysts don’t consider $ADA the hottest crypto investment these days. Still, the Cardano coin’s performance does not reflect a token that will explode any time soon. Several crypto experts even say that the Cardano growth might be well saturated.
Still, there are many other crypto projects that are doing very well in the Defi market. Few have the potential to explode this year, and Bitgert (BRISE) may be one of the coins that investors need to check out. While this token is attracting lots of attention and has many benefits, every crypto venture still contains some risks. So, investors should always remember to check and re-check before committing. That said, there are many things that make the BRISE token the option for Cardano investors. One of them is the fast-growing ecosystem that the company is developing. In fact, it has been one of the projects with the fastest delivery in the industry.
The team also boasts of the roadmap’s fast development. The Bitgert roadmap V1 introduced game-changing products, such as the gasless BRC20 blockchain. And the company delivered it within six months of the Bitgert launch.
Why is the BRC20 blockchain a big deal in the Defi space?
The adoption of the BRC20 blockchain is a truly revolutionary event. It makes the Bitgert token a good option for Cardano investors. This blockchain has surpassed the key elements that make Cardano project popular. Its chain is faster than the Cardano chain at 100k TPS. In addition, it has a zero gas fee, unlike other Defi ecosystems.
Thanks to such benefits, the Bitgert chain is already experiencing faster adoption than the Cardano chain. The upcoming developments are also making this project an ideal crypto investment for investors. The team has launched the roadmap V2 recently, and it has various exciting projects coming up. There is a range of Web3, DeFi, and NFT products that the company is building.
Furthermore, hundreds of Bitgert-backed projects are joining this ecosystem. This is another factor that will grow its token price. The company announced a partnership with Centcex development.
Binance coin price may decrease to $175
Binance coin has ended in the red recently. Its price could be due to more declines. The technicals hint at subtle bearish control currently. Binance coin price has reduced by 50% in a very sharp and short period of time. It’s now finding resistance at the 50% Fibonacci level as the token trades at $302. The next hurdle for BNB will likely be the 61.8% Fib level of $324.
Furthermore, the Binance coin price shows contrarian bearish signals. The current uptrend may increase on a relatively low volume. The bulls seem to lose interest in buying at these price levels.