Apeswap Finance is a DeFi platform offering various services such as a decentralised exchange, token staking, launchpad, lending and borrowing, margin trading, and IDOs on Binance Smart Chain and Polygon. Apeswap is overseen by the Apeswap Decentralised Autonomous Organisation (DAO). Apeswap describes itself as the ‘most connected and most supportive DEX in crypto’ and has more than 200 partners from various sectors of the crypto industry.
Apeswap Finance has a two-token system: BANANA and GNANA (Golden Banana). Even though both of these tokens are utility tokens, they have complementary purposes. Users can buy BANANA and GNANA by connecting their wallets to the exchange and start swapping. Since Apeswap Finance doesn’t require KYC (Know Your Customer) information, all you need to get started is a wallet which supports Apeswap.
GNANA is used specifically for the governance of Apeswap Finance and is a way of rewarding the most committed users on this platform. GNANA also provides holders with exclusive benefits and opportunities:
Today, on Jun 1, 2022, Apeswap Finance has a $20 million market cap and ranks #701 in market cap rankings. This DEX has $134 million TVL (total value locked), and its token, BANANA’s 24-hour trading volume, has been $496 thousand. The BANANA token has a 20% liquidity score, meaning it’d be challenging to sell this token during a bear market. Apeswap Finance has a maximum supply of 151,341,691, of which 82% is in circulation (123,562,561 BANANA). Apeswap Finance burns 316,800 BANANA per day, and the distribution chart for BANANA is as the following:
Apeswap Finance aims to make BANANA a deflationary token and has implemented various burning mechanisms to maintain the token’s inflation.
Disclaimer: Don’t take this article as financial advice. You need to DYOR (Do Your Own Research) before investment.
Today, on Jun 1, 2022, the price of Apeswap Finance’s BANANA token is $0.16. It is 98.6% lower than its all-time high at $11.53 on May 2, 2021, and is 23.1% higher than its recent all-time low of $0.13 on May 12, 2022. BANANA token’s yearly ROI is -95% and has underperformed compared to similar projects, with an annual ROI of 6,821% throughout this year. These similar projects are in the ‘DEX Token, Polygon Ecosystem, AMM, Yield Farming, Binance Smart Chain Ecosystem’ categories.
It is expected that Apeswap's Finance's price will be $0.59 at least throughout 2022. However, the price can peak at $0.67, and the average trading price is estimated to be $0.61.
Crypto experts estimate that the BANANA token will be traded at a minimum of $0.86 in 2023. The maximum trading price of Apeswap Finance is expected to be $1.02, and the average price is expected to be $0.89 this year.
According to reports, the BANANA token price will be at least $1.21 in 2024. It can potentially hit a maximum of $1.50. The experts estimate that the average price of Apeswap Finance would be $1.25.
It is predicted that Apeswap Finance will be traded at an average price of $1.83 throughout 2025. The price can potentially go up and hit a maximum of $2.14 and $1.77 at a minimum.
By comparing the BANANA token’s overall popularity, yearly performance and ROI of -95% to similar projects’ +6,000% ROI, it becomes clear that the BANANA token is not the best investment option in the DEX tokens category. Apeswap Finance shows potential for becoming a DeFi hub on the Binance Smart Chain, but it still has room for growth and is in its early stages. If you want to find out more about projects like this, Cryptologi.st is all you need! We offer you informative articles and overviews of various crypto projects and provide you with tools like Screener and Watchlist so you can better compare your options and make confident crypto investment decisions.
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