Recently, there’s been an obvious shift among ApeCoin investors towards utility meme coins like ANA. The prolonged bearish market might have contributed to this migration, as investors are on the lookout to diversify their portfolios with lucrative projects.
But could that be the only reason for this migration?
ApeCoin: Would It Ever Recover?
The strong winds in the cryptocurrency market have blown many popular projects, not excluding ApeCoin (APE), plummeting by almost 40% since the beginning of August. As the demand for the Bored Ape Yacht Club (BAYC) keeps dropping, so does the value of its utility token, $APE.
After reaching $6.2903, its peak point this year back in January, $APE has since then dropped by approximately 80%. ApeCoin’s recent decline of 15% in the last 30 days could be tied to a token unlock that happened on September 17 when about 40.6 Million new tokens were unlocked and available for sale.
At a current price of $1.1210, these tokens would have a market cap of over $45.5 million, which is a little above 10% of APE’s total market cap of $415,944,752. Most of these unlocked tokens would be apportioned to the launch contributors and founders.
APE has dropped below the $1.5 and $1.3 support levels, raising concerns of a potential free-fall that could see it visit lower lows until an abyss of $1.
As the value of APE keeps dropping, token holders are experiencing a tough situation, and with a way out, it is only right that they follow the lucrative utility projects for a change in course.
New utility projects like Anarchy, have been within the sight of many of these ApeCoin investors who see it as a must have in their portfolios.
Something huge is coming.
If you see this 👀
Then your early! pic.twitter.com/HssZ4ywwrJ
— ANARCHY (@anarchycoineth) June 10, 2023
Anarchy: More Than a Meme Coin
At first glance, Anarchy may appear as just another meme coin with a mascot created solely for entertainment. However, a deeper understanding of the project reveals its real-world utility.
The project was created with a clear mission in mind: to challenge corrupt big players and unfair governance in society. Although the government might claim to keep the citizens in mind, many of them are selfish and corrupt, thinking only about more ways to exploit these same citizens.
Unlike many meme coins that focus solely on making you laugh and keeping up with internet trends, ANA goes a step further. It empowers its holders to take an active role in challenging this indecency in power by employing the creative use of memes!
ANA is more than a meme coin; you use its tokens to troll the actions of these selfish players.
Another advantage of the project is its dedication to autonomy and democracy. This transparent and inclusive model ensures that voices are heard and decisions are made collectively.
Hence, it employs a DAO structure to give token holders a say in project proposals, the election of DAO ambassadors, and the allocation of the Ecosystem’s Fund (4.5% of every transaction in ANA’s ecosystem). Another 0.5% of every transaction is burned through its deflationary feature, which implies ANA’s value would be driven by scarcity.
Anarchy is the perfect destination for investors who want a taste of profits and impact!
Why Smart Investors Are Turning to ANA
These smart investors recognize the importance of aligning their investments with their values. It offers them an opportunity to invest in a project that actively challenges corrupt systems, making it more than just a financial asset.
In addition to this, Anarchy (ANA) is listed in the top altcoin projects of the year, it has become a must-have for most investors before the next bull market.
ANA is still in its fourth presale phase, where tokens are available at a staggeringly low price of $0.00030. This low entry point allows investors to acquire them for about a fraction of a cent.
Early investors have a chance to secure their ANA tokens at a price that may never be seen again as the project gains momentum.
With predictions of a potential 100x or more increase in its value, all eyes are on ANA!
Click the links below to find out more!
