Apeing Presale Claims 1,900% Gain Based on Stated Target Price
Apeing's presale has been touted as having a 1,900% potential gain, but what does this mean in real terms? The figure is based on the cryptocurrency currently trading at $0.0005 and its stated target of $0.01.
Using basic arithmetic, it is possible to reproduce the 1,900% gain by calculating the difference between the two prices and dividing that by the starting price, then multiplying by 100. However, this calculation does not take into account real-world variables such as fees, taxes, slippage, and execution.
The project's campaign page reports that over $100K has been raised, with more than 460 million tokens sold and 380+ holders. However, these metrics do not establish the likelihood of the target price being achieved.