APE coin is another pump and dump token, it has many drawbacks such as not having its own network and still using the ERC20 network. The advantage is that it only has a fairly large and loyal community. it's currently price around $11, but I'm not sure it'll be able to break through $20.
All alts were pump&dump shitcoins at some point. Some of them became useful later on. I remember people used to make fun of dogecoin too. Lots of people now treat doge as a holder's coins. Same goes with ethereum. Eth went through lots of shit and yet it has been the #2 coin for years now. Long story short, maybe apecoin is the next big thing. We can't possibly know that yet.