Bored Apes NFT project official ApeCoin token was launched on Coinbase and it immediately reached $32.
At the time of writing this idea, the price is around $14, but extremely volatile.
The growth thesis that i have comes from the initial price of the APECOIN on Coinbase, $32. At 14usd the market cap of APE is around 4Bil and the fully diluted mk cap 14Bil. At 32usd the circulating supply was 9.14Bil and the total supply around 31Bil.
My expectation is that APE could have the highest valuation similar to DOGE and SHIB, which it shouldn`t surpass.
Now the mk of DOGE is 15.6Bil with the same circulating supply as the total supply. SHIB has a mk cap of 12.2Bil and a total supply of equivalent to 13.1Bil.
So this is the highest valuation that i think APE can reach market cap wise.