How does the minting process of Bored Apes affect the value of the cryptocurrency?

1 answers

• Sufiyan ShaikhhJul 23, 2024 · a year ago
  The minting process of Bored Apes is an essential aspect that influences the value of the cryptocurrency. When new Bored Apes are minted, it affects the overall supply of the digital collectibles. If the minting process is not properly regulated and too many Bored Apes are minted, it can lead to an oversupply, which may decrease the value of each individual Bored Ape. However, if the minting process is controlled and the demand for Bored Apes remains high, the value of each Bored Ape can increase. Therefore, the minting process plays a crucial role in determining the value of the cryptocurrency and should be managed strategically.
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