ApeCoin Community to Vote on 4 APE Improvement Proposals, Including New Governance and Price Tracking Features

Key takeaways

• Apecoin has revealed four new improvement proposals that are designed to improve the experience for the community-driven ecosystem
• AIP-292, AIP-303, AIP-306 and AIP-313 are now open to APE token holders, who can cast their vote and influence the latest project developments
• CoinCodex algorithm expects a trend reversal for APE over the coming months, following disappointing price action in the time since the token first launched

APE holders cast their vote on four new governance proposals, strong community ethos underlies each development

ApeCoin (APE) has announced four governance proposals that are designed to improve the community experience, with each AIP (ApeCoin Improvement Proposal) referencing a unique upgrade to the ecosystem.

? AIP VOTES LIVE NOW ?
4 APE Improvement Proposals (AIP) up for vote this week.

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— ApeCoin (@apecoin) September 8, 2023

AIP-292 enables APE token holders to vote on whether or not to further decentralize the ApeCoin DAO, which is already heavily influenced by community-led governance. The ApeCoin DAO will create a sub-DAO that is led by members of the ApeCoin community and delegate voting power to the new organization, if AIP-292 is passed.

If AIP-303 is passed, the APE Foundation will fund a new feature-length documentary about the rapid rise of Bored Ape Yacht Club (BAYC). BAYC initially started as an NFT collection and soon became one of the most valuable ‘profile picture’ NFT collections in Web3. Since then, BAYC has become a widely recognized brand in the space and its parent company, Yuga Labs, has been actively driving the progression of blockchain culture.

AIP-306 will introduce a new price tracking bot into the ApeCoin ecosystem, designed to improve the accessibility of APE token information for the community. AIP-313, meanwhile, allows APE token holders to decide whether to protect the privacy of users during the ApeCoin voting period.

A key theme that each ApeCoin Improvement Proposal shares is that they are heavily community-driven. Every prospective improvement mentioned is designed to serve the niche online community, which formed around the BAYC NFT collection, and strengthen its togetherness on a cultural level.

From a reflective documentary that covers the early successes of BAYC, to incremental improvements to the decentralized voting experience, ApeCoin demonstrates the potential of decentralized communities to gain a tangible influence over the digital world.

Algorithm predicts $10 APE by October 2024, reversing its long-term downtrend in the process

APE has been in a consistent downtrend since the token first launched back in April 2022. The token sharply rose to all-time high in the weeks after its release, but has since fallen by 95% and continues to make new lows.

Since the APE token is a governance token, its main source of demand comes from within its niche community. However, Yuga Labs continues to expand its ecosystem and is currently developing a series of high-profile dApps, including a GameFi metaverse project that has caused plenty of excitement.

ApeCoin is linked to Yuga Labs at the foundational level. The project is designed to provide a community-led governance system that can help to drive progress for metaverse culture, being inspired by the progress made by BAYC, MAYC, and Otherside. As Yuga Labs expands its ecosystem of dApps, it may onboard more APE token holders who seek to gain a stake in the future of decentralized communities.

2025 price prediction for ApeCoin (APE), via CoinCodex

The 2025 price prediction, forecasted by the CoinCodex algorithm, expects APE to see some positive price action in the coming year. The algorithm expects a full trend reversal in the next few months, culminating in a surge towards $10 by October 2024. This would mark APE’s first return to a double-digit price level since it fell below the mark in its opening 2 months on the free market.

Bottom line: APE ecosystem is one of the most attractive decentralized communities, algorithm expects recovery

The power provided to APE token holders to influence core project developments is a major source of demand for the cryptocurrency. It unlocks a way for internet users to have a real say in how technology advances over time as it gives each token holder the status of decision-maker by default.

The project’s ethos is to drive the advancement of metaverse-based technologies and aid in the expansion of blockchain-based culture. It remains one of the most unique projects within the crypto top 100, and it invariably remains true to one of the core tenets of Web3: decentralization.

In more bullish market conditions, the CoinCodex algorithm expects APE to perform well. It has highlighted $10 as a key price target from the current level, which would be a 659% rise from here. As things stand, the current price action looks like a high-potential buying opportunity.

APE all-time price chart, via CoinCodex