The NFT boom that started in 2021 continues in 2022 with increased intensity, creating deeper connections and infrastructure. The creators of the most famous NFT series Bored Ape Yacht Club had recently launched their own DAO and the token, which rose up high after the implementation but was pulled off shortly after. Read our APE token price prediction to understand what’s happening with the asset.
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ApeCoin Price Prediction: Is APE Coin Going to 100x?
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Table of Contents
ApeCoin Fundamental Analysis
Project name
ApeCoin
Stock Symbol
APE
Current Price
1.56600872063513
Current Supply
1000000000
Official Website
ApeCoin is a decentralized project developed by the Yuga Labs Bored Ape Yacht Club project. It was created to build and manage the ecosystem in a fair and inclusive way, offering infrastructure for the native token holders.
ApeCoin is also an ERC-20 token used within Ape Ecosystem that includes the world's third most popular NFT collection called Bored Apes with $1.5 billion in all-time sales. The token launched last week aims to empower and incentivize decentralized community building at the forefront of web3.
The Ape coin is a part of the ApeCoin DAO and offers governance rights to the holders so they can decide how the ecosystem’s funds should be used. 62% of the tokens were allocated to the Ecosystem Fund which is meant to support community-driven initiatives.
Moreover, Ape Coin gives its holders access to some features of the ecosystem not available otherwise. For example, exclusive games and services. The total supply is fixed at 1 billion coins, all of them minted at once. The amount in circulation will constantly change depending on the market conditions and the coin release schedule. Only 30.2% of the total supply was realized on the launch day.
The four founders of the Yuga Labs received a collective 8% of all the realized coins, Yuga Labs itself as a company received 15% of the airdrop and the APE Coin DAO got 47% of all the released tokens.
ApeCoin Live Price Chart
The APE coin was launched on March 17 and has rapidly approached the top-100 of the trading cryptos. Moreover, it was added to many major exchanges and all of it together caused the asset’s price to skyrocket to $17 on the next day.
In the last week, the APE token has seen a big setback. After initially rising to $18 APE price chart declined 40% and the asset was pulled off to $10. This caused a drop in the total market capitalization.
After that, the Ape coin has experienced massive recognition, such as the accumulation of the token by the large wallet investors, acceptance of it as a measure of payment by Time magazine, but it didn’t help the asset to recover the price after the massive drop.
The latest APE coin price analysis though shows the signs of a price recovery. Most of the analysts believe that the token will continue to lose value for a while, as the interest fades away and panicking investors will be selling their tokens. Despite the current uncertainty in the APE price chart, it has a positive outlook. After the buzz will calm the APE coin price might recover, especially if the Bored Yacht Club NFT ecosystem will perform well.
ApeCoin Technical Analysis
Despite the fact that 100% accurate technical analysis for ApeCoin cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated APE buy-and-sell rating for selected timeframe. The summary for APE/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
ApeCoin Price Prediction
Below we have collected the most reliable price projections for ApeCoin (APE) from popular forecast platforms.
ApeCoin Price Prediction for 2023
As for ApeCoin price predictions for 2023, there are divergent opinions. TradingBeast expects a downturn towards $1.331107, and WalletInvestor echoes with ~$0.4698 by the year’s end. Other experts, for example, from PricePrediction.net, are more enthusiastic about ApeCoin’s future price, citing upwards of $3.006737 in December.
Potential ROI:
2%
Buy
ApeCoin Price Prediction for 2024
In their ApeCoin price predictions for 2024, TradingBeast’s forecasts the coin’s price to go above $2.449238 by December. Forecasting ApeCoin's future, PricePrediction.net expects further growth, too, saying the ApeCoin price will reach ~$2.599574 by that time. On the contrary, WalletInvestor keeps predicting ApeCoin price decline, quoting prices around ~$0.9255 in 2024.
Potential ROI:
27%
Buy
ApeCoin Price Prediction for 2025
ApeCoin price predictions for 2025 are still predominantly positive, with some analysts promising prices in the $1.591879–$4.090227 range (WalletInvestor, TradingBeast), while PricePrediction.net takes a different view and cites the possibility of the price reaching $0.1879 in December 2025.
Potential ROI:
25%
Buy
ApeCoin Price Prediction for 2026
WalletInvestor has only pessimism in store for the 2026 ApeCoin price prediction, valuing ApeCoin at $0.5412 by the end of 2026. PricePrediction.net agrees with a negative forecast and predicts, in turn, $0.1253 for the same period. On the other hand, TradingBeast’s team is more optimistic — their ApeCoin price prediction for December of this year is just $5.644513.
Potential ROI:
34%
Buy
ApeCoin Price Prediction for 2030
Speaking of long-term ApeCoin price predictions for 2030, experts present two polar opinions. PricePrediction.net expresses the view that ApeCoin price will grow further and eventually reach $1.75393 by the end of the decade. TradingBeast’s price prediction for ApeCoin echoes with the projection of an uptrend to $9.539227. Despite this, WalletInvestor’s vision remains not so positive, promising a downfall to $0.07036.
Potential ROI:
142%
Buy
Summary
As it can be clear from the analysis cited above, ApeCoin (APE) projections are rather contradictory. There is no universal consensus either about positive or negative future APE price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the ApeCoin projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer:
This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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