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Major exponential moving averages support the Ape price.
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The Ape price has displayed a sign of revival as it bounced back from a critical level.
The APE ecosystem is a web3 project that supports various domains such as art, gaming, entertainment, among others. It is based on a decentralized protocol layer that enables community-led initiatives to support culture into the metaverse.
APE token is the native token of this project, and it is governed by the ApeCoin DAO, it is a democratic organization where all APE holders have right to participate and vote on proposals.
Moreover, the Ape Foundation is a separate entity, it handles and administers the DAO each day, also manages proposals, and helps in ensuring the DAO community realizes its ideas. The Ape Foundation board is composed of five strongly prominent crypto investors, who serve for six months each.
In addition, Yuga Labs, the creator of the Bored Ape Yacht Club NFT collection, has a strong
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