So Cryptowiser just put out an article that goes deep into the $APEX token and why it may be severely underrated in the current market conditions. Here is a quick breakdown:
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Market potential: DEXs are gaining traction due to security concerns with centralized exchanges (CEXs). The perpetuals market, where ApeX Pro focuses, is also on the rise.
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Competition: ApeX Pro is a competitor to dYdX, another DEX leader. However, ApeX Pro has a lower market cap and has grown faster in the last year.
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Tokenomics: Similar to dYdX, APEX has a limited supply and offers staking rewards. ApeX is taking steps to manage an upcoming token unlock to avoid price drops.
What are your thoughts on this?
Coingecko listing – https://www.coingecko.com/en/coins/apex-token
It definitely doesn’t get enough credit. Both the Dex and Perpetuals are so much better than what we are used to in DeFi.
They do have a great product and they made good use of StarkEx tech IMO. Just saw on their website that they facilitated close to 50M trades. That would cost a fortune in gas on any other chain lol.
I like what I have been able to see here regarding this one, it’s worth a closer look tbh. Might be a good addition to my fet, fun, ocean and rsr bags ahead of the coming bullrun