$Ape coin makes a splash
Liquidity came to Bored Ape holders in a big way! In one of the worst kept secrets, Ape coin was launched earlier this month. So many have already claimed, I don’t need to address the specifics. I’m sure you have heard all about it by now. The big questions now are what is the future of $Ape, how high/low can it go and is it a worthwhile investment if you were not lucky enough to be the beneficiary of a claim?
Personally, I was on vacation when it launched, hoping it didn’t fall apart before I arrived back home and would be able to claim as a Mutant Ape holder. One of the unexpected advantages of this, is it allowed me time to watch what was happening, with no emotion trying to get me to act since I had no access to my wallets while away. One of the first surprises to me was the post launch price pump held up better than I expected it would. My friend and collaborator Crypto Crier likes to use a rule of 150 days. Simply put, he says it takes about 150 days of post launch activity on a coin or token to get a real sense of what fair market value of it will/should be. Given I trust his opinion and don’t feel like doing a deep dive into this research myself right now, I am going to say this is true.
So if it is too soon to get a good feel for fair market value of the the coin, what can we conclude right now?