ApeMax has been in a presale stage for ages. The price increases every 24 hours and is currently set at $0.000347. This is almost a 40% increase from the ApeMax price of $0.000243 when we last covered this coin.
However, things are not looking great for the memecoin holders as it is still not trading on the decentralized exchanges yet. In addition, the project is being called a scam by many early buyers who are expressing their anger on different social media platforms. The following are some of the tweets posted in reply to an official tweet from ApeMax.
While the team is yet to respond to the allegations, they have announced a Uniswap listing in February. Till then, the presale price will keep increasing every 24 hours. However, considering the disappointment of the holders, the project may experience a strong sell-off after its listing.
Another red flag for the project is that the team is anonymous. For such projects, it is very hard to hold someone accountable in the event of a wrongdoing. Still, many people have chosen to trust the project, and according to ApeMax, the presale has already raised $1,549,846.
The major reason why most ApeMax holders are disappointed by the project is the team’s reluctant to launch the project despite bullish market conditions.
The recent surge in the Bitcoin price has turned even the most bearish analysts into bullish ones. The market conditions seem to be ideal for a memecoin to launch. However, considering a very long presale and weak fundamentals, I don’t expect any significant upside from this project, even if it gets listed on Uniswap in February.
Due to all the above reasons, ApeMax’s price prediction is not looking very bullish. Nevertheless, the project is still being promoted by many top sites in the industry via sponsored articles.