Honestly, the phrase the next big crypto is a little cringeworthy. It immediately makes you think of some obscure dog-theme crypto token that’s really just a get-rich-quick scheme in disguise. Granted, a small handful of people actually do make money from these types of tokens. For example, the Shiba Inu coin helped one investor turn $8k into $5.7 billion. However, getting rich off of coins like Shiba Inu is the equivalent of winning the lottery. The people who make money are the ones running the lottery, not the ones buying the tickets.
With that said, every now and then a new cryptocurrency emerges that is actually worth taking a look at. In this case, it’s a cryptocurrency created by Yuga Labs. Yuga Labs owns an NFT monopoly that includes the Bored Ape Yacht Club, CryptoPunks and Meebits. Right now, Yugao Labs is worth around $4 billion and has investments from Mark Cuban and Andreesen Horowitz. It is also run by the co-founder of Reddit, Alexis Ohanian.
In this article, I’ll lay out my thesis for why ApeCoin could be the next big crypto.
NOTE: Please keep in mind that web3 is still highly speculative. I am not a financial advisor and am just offering my own research, thoughts, and commentary. Please base investment decisions on your own due diligence.
What is ApeCoin?
I know. Something called “ApeCoin” does not really sound like it should be “the next big” anything. In fact, it sounds exactly like what you’d expect a…
