ApeCoin Price Prediction: Is APE Coin Going to 100x?

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 Fundamental Analysis

Project name
ApeCoin
Stock Symbol
APE
Current Price
8.722
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.

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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 2022

As of the end of 2022, ApeCoin price predictions remain predominantly positive, with some analytics promising the price at about $10.91731, while WalletInvestor even cites the possibility of the price reaching $21.884 by the end of the year.
Potential ROI: 71% Buy

ApeCoin Price Prediction for 2023

According to WalletInvestor, in 2023 ApeCoin investors should expect price growth to $43.272, which seems a good reason to consider ApeCoin as an investment option. PricePrediction.net, in turn, predicts the price increasing to $17.91, and TradingBeast agrees with a predicted growth to $18.12719.
Potential ROI: 203% Buy

ApeCoin Price Prediction for 2024

The experts are unanimous in their ApeCoin price forecasts for 2024 — everybody expects ApeCoin’s price to grow by the end of that year. TradingBeast predicts the price growth reaching $21.83613. According to WalletInvestor’s research, ApeCoin’s price can go up to $67.137. PricePrediction.net’s forecast is also positive: its analysts hold the view that by 2024 ApeCoin’s price will be about $25.52.
Potential ROI: 338% Buy

ApeCoin Price Prediction for 2025

Both TradingBeast and WalletInvestor predict the ApeCoin market to grow in 2025, resulting in $24.36707 and $92.731 by the end of the year respectively. Other ApeCoin price forecasts support the idea: PricePrediction.net forecasts ApeCoin to reach $36.72 by December 2025.
Potential ROI: 488% Buy

ApeCoin Price Prediction for 2030

Most experts are expecting an encouraging future for ApeCoin: long-term ApeCoin price predictions promise significant growth by 2030. TradingBeast predicts the price to reach $30.458837, while WalletInvestor goes for $78.82135. PricePrediction.net also puts big hopes on ApeCoin in the long term: its ApeCoin prediction for 2030 is $254.57.
Potential ROI: 1291% Buy
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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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