Just because BAYC is a successful NFT project, doesn’t mean that Ape coin is surely going to be a good asset to invest in.

I believe that most investors that hopped into Ape coin in the past 24 hours are there mainly because Bored Ape Yacht Club, probably most of them are holders of the famous NFT collection. Don’t get me wrong, I’ve got nothing against Ape coin, but I don’t think that the fact that BAYC is a good NFT project is an enough reason for me to buy in this coin.

I mean yeah right now it’s pumping, but it’s definitely all hyped, and once this high demand goes down and the hype fades, that’s when we’ll be able to assess the correct value of Ape coin.

I didn’t read much about it to be honest but I know that they’re promising to offer many utilities and use cases to this asset, we just got to wait to see how things will turn out on this one.

Personally, I only put my money in assets that have an actual utility. I mean something that have a real value. Mainly focusing on altcoins right now because I believe they’ve got a better chance to pump than BTC. Ethereum and BitDAO are my favorite as both have strong fundamentals and I believe they’re going to be a strong hold for the future.

Anyway back to Ape coin, I don’t know how this is going to be turning, hopefully it’ll turn out to be another successful project, let’s just wait and see.