The Next Big Crypto That You Should Actually Take Seriously

Honestly, the phrase the next big crypto is a little cringeworthy. It immediately makes you think of some obscure dog-theme crypto token that’s really just a get-rich-quick scheme in disguise. Granted, a small handful of people actually do make money from these types of tokens. For example, the Shiba Inu coin helped one investor turn $8k into $5.7 billion. However, getting rich off of coins like Shiba Inu is the equivalent of winning the lottery. The people who make money are the ones running the lottery, not the ones buying the tickets.

With that said, every now and then a new cryptocurrency emerges that is actually worth taking a look at. In this case, it’s a cryptocurrency created by Yuga Labs. Yuga Labs owns an NFT monopoly that includes the Bored Ape Yacht Club, CryptoPunks and Meebits. Right now, Yugao Labs is worth around $4 billion and has investments from Mark Cuban and Andreesen Horowitz. It is also run by the co-founder of Reddit, Alexis Ohanian.

In this article, I’ll lay out my thesis for why ApeCoin could be the next big crypto.

NOTE: Please keep in mind that web3 is still highly speculative. I am not a financial advisor and am just offering my own research, thoughts, and commentary. Please base investment decisions on your own due diligence. What is ApeCoin?

I know. Something called “ ApeCoin ” does not really sound like it should be “the next big” anything. In fact, it sounds exactly like what you’d expect a crypto pump-and-dump scam to sound like. But hear me out.

ApeCoin is the governance token that powers the APE ecosystem. The APE ecosystem is the term used to describe the world’s largest NFT collection. This collection includes the Bored Ape Yacht Club, CryptoPunks and Meebits.

Most of the world has not gotten into NFT investing yet. However, there’s little doubt that NFTs will be huge. Many of these NFTs are selling for much more than you’d ever expect. For example, one CryptoPunk famously sold for $24 million dollars. The cheapest Bored Ape that you can buy right now is close to $350,000. On top of that, almost every major company is creating a strategy to work NFT technology into their future.

Yuga Labs, as the owner of the world’s most popular NFTs, is essentially the only blue-chip NFT company in the world. It’s the Amazon or Apple of NFTs.

Right now, Yuga Labs is creating a metaverse called Otherside . This metaverse will be a gamified digital world where these NFT holders can play games, hang out and bond.

ApeCoin will be the token at the center of this exciting new digital world, potentially making it the next big crypto. Holders will be able to use ApeCoin to make purchases and play games. On top of that, holders of ApeCoin will be able to vote on decisions about the project’s future. So, what makes this metaverse project different from the dozens of other projects?

Keep reading for more info on the next big crypto. Not Your Standard Metaverse Project

To start, Yuga Labs already has tremendous traction in web3. It has built a dedicated community around its NFT projects. So much so, in fact, that people are willing to spend hundreds of thousands of dollars to buy them. I wouldn’t be surprised at all if Yuga Labs shocks people by quickly becoming the leading metaverse company. Here are a few reasons why… Culture Fit

People who own Bored Apes or CryptoPunks are already web3 fans. Why else would they be spending thousands of dollars on NFTs? These are the types of people that are actually interested in the metaverse and want to spend time in it. Additionally, Yuga Labs has already proved that it can create successfully launch web3 projects.

Compare this to a company like Meta Platforms. Meta Platforms is essentially creating a metaverse and just thrusting it onto its billions of users. But do Facebook users actually want it? Does the average Facebook user even know or care about web3 , NFTs or or what the next big crypto might be? Probably not. Money

Lots of companies have big dreams. The problem is that it almost always takes money to turn these dreams into reality. Luckily, money is not a problem for Yuga Labs. The company has a valuation of $4 billion dollars. This puts it well ahead of most Silicon Valley startups. Two major investors, Andreesen Horowitz and Mark Cuban, have also invested money. This is absolutely critical.

The fact that two well-known investors […]

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