Apecoin

Crypto analytics firm Santiment warns that the native token of the Bored Ape Yacht Club non-fungible token (NFT) ecosystem, ApeCoin (APE), stands a high chance of retracing after a modest rally.

During the last seven days, ApeCoin has traded down 2.9% against the dollar.

Investors seeking to acquire ApeCoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, or Gemini.

It is usually not currently possible to buy alternative cryptocurrencies such as ApeCoin directly using U.S. dollars.

The lack of a solid foundation or direction suggests that investing even a small amount in ApeCoin is unlikely to yield any significant returns.