Can $APE Price Reach Above $50?

  Apecoin (APE) is a cryptocurrency that takes inspiration from renowned NFT collectables – the Bored Ape Yacht Club. Which is the biggest NFT project by market capitalization. It left everyone astounded when the price hit its All-time-high, in mere a couple of hours of its launch. 

The market represented an assorted set of opinions on Apecoin. While some treated it as a meme coin, others expected its bubble to burst. However, APE has come a long way, since its inception, and has faced turbulence in the business. 

Conversely, the company behind the BAYC, Yuga Labs, is going beyond the level of inventiveness to drive metaverse culture via Apecoin. Are you one of the many, who are still keen on hopping on ApeCoin’s bandwagon, but doubtful of its returns? Fret not, as this write-up illustrates the feasible price predictions for 2022 and beyond!

Overview

Cryptocurrency ApeCoin
Token APE
Price $4.47
Market Cap $1,339,148,487
Circulating Supply 299,531,250.00 APE
Trading Volume $206,625,887
All-time high $27.933 (March 17th, 2022)
All-time low $1 (March 1st, 2022)

ApeCoin (APE) Price Prediction For 2022

Potential Low Average Price Potential High
$4.419 $7.3007 $9.095

  ApeCoin made its presence on the 17th of March 2022, with a price tag of $0.9605. The massive spike on the very first day led to the wick brushing an ATH of $39.4. After a pullback to $8.5 on the 18th of March. The price escalated up to $15.32 by the 28th of March. ApeCoin was seen taking a slide to $10.65 by the 7th of April. 

Whilst the digital had portrayed a leg up to $13.34 on the 13th of April. Traders extracting profits led to another fall to $11.73. It was on the 19th of April when an uptrend was seen forming. Which took the price to $27.54 by the 28th of April. However, as things grew extremely bearish in the industry, the APE price lost over 80% in the second quarter. 

ApeCoin (APE) Price Prediction For Q3

  ApeCoin’s hold on Web 3.0, DAO, and connections with BAYC and MAYC could bring in notable collaborations and adoptions. With more acceptance like that of Shopping.io, the price of APE could turn bullish on the charts. To claim its potential high of $6.103

On the downside, negative criticism could bring the price down to $3.81. That said, a balance in trade pressures could land the price at $4.907.   

Price Prediction Of APE For Q4

  The fourth quarter could turn into a game-changer for ApeCoin if it witnesses possible integration to the metaverse. Moreover, the rise of DAOs would help demonstrate the practical value of APE. Wherefore, the altcoin could close the annual trade at its potential high of $9.095

On the flip side, if the bears outweigh the bulls. The price could slump down to $4.419. Considering the bullish and bearish targets, the average price could settle at $7.3007

ApeCoin Price Forecast For 2023

  Given that the quest has indeed begun growing out — forming its multiverse, cartoons to arranging real-life events, and among many other things. Things materializing as per the expectations could push the price to $16.974. However, the possibility of the project failing to its expectations cannot be ruled out. In such a case, the price of APE could stumble down to $7.899.

APE Price Trajectory For 2024

 The growing prominence of NFTs, BAYC and MAYC would be imperative in the growth of ApeCoin. Further supplemented by developments and community-building initiatives, the APE price could propel to its potential high of $28.343. In contrast, consequences like bearish trends or a market crash could sink the price down to $14.181

ApeCoin Price Prediction For 2025

  The makers of the digital asset have taken the industry by storm. The stronghold of BAYC NFTs has been a live wire in propelling the price of APE. If the things materialize as per the vision of the makers, and if NFTs, DAOs, and metaverse continue to entice folks. The price of the altcoin could propel to its potential high of $44.687. Conversely, ebbing dominance and potential rivals could bring the price down to $23.723

Year Potential Low Potential High
2023 $7.899 $16.974
2024 $14.181 $28.343
2025 $23.723 $44.687

What Does The Market Say?

Trading Beasts

  As per the forecast quoted by Trading beasts, the price of Ape can rise to $7.564 by the end of 2022. Whilst a reversal in trends could knock the price down to $5.143. That said, a balance in buying and selling pressures could restrict the price projection to $6.051. The analysts from the firm have pinned the maximum closing target for 2025 at $12.856. 

Wallet Investor

  According to the price forecast of Wallet Investor. The price of Apecoin can cross the average margin of $10.025 by the end of the year 2022. Moreover, the maximum price is predicted to be over $14.088, with the lowest possible cost of $6.393. 

The platform shows immense hope in the project and expects its price to jump over $49.049 in the next three years. 

Digital Coin Price

 Digital Coin Price expects the altcoin to soar to a maximum of $6.26 by the end of the current year. The firm has pinned the minimum and average price targets for the year at $5.46 and $5.81. Analysts from the firm expect the APE price to surge to its potential high of $9.36 by the end of 2025. 

Gov.Capital

  The firm foresees Apecoin’s price to surge to a pricier tag of $10.3 by the end of 2022. As per the forecast, the altcoin could skyrocket to $33.009 by the end of 2023. And a maximum of $106.423 by the end of 2025. 

To read our price prediction of The Sandbox (SAND) click here!

What Is Apecoin?

ApeCoin is an ERC-20 token, a kind of Ethereum-based virtual currency. Nearly every major centralized crypto exchange listed the token nearly immediately after its release. ApeCoin had a market valuation of almost $2 billion just after a day of flowing into the market; one APE is worth approximately $14.

It’s essentially a reflection of an ambition to connect a variety of decentralized developments. Yuga Labs, the project’s inventors, have mentioned that ApeCoin will become the token and coin (APE token) for all innovative products that their corporation unveils, varying from the in currency to management tokens. 

ApeCoin has indeed been created to release all of Yuga Lab’s plans for the future in the cryptocurrency world as both a virtual currency and an APE token for versatility. Beyond that, ApeCoin owners have the power to govern themselves by employing the decentralized governance framework that curbs the ApeCoin DAO (decentralized autonomous organization). They can also vote on how well the ApeCoin DAO Ecosystem Fund should be used. 

Fundamental Analysis

Apecoin is the utility and governance token of Yuga Labs’ leading NFT endeavour, the Board Ape Yacht Club. On numerous NFT marketplaces, BAYC has over 10,000 distinct & innovative attributes of expensive ape pieces of art. The current panel of ApeCoin includes Alexis Ohanian, Amy Wu, Yat Siu, Maaria Bajwa, and Dean Steinbeck.

Even so, apecoin is something that neither Yuga Labs nor the BAYC devs have developed. Apecoin is ruled by the ApeCoin DAO, with the APE Foundation or community as the cohesive team!

On March 17, 2022, ApeCoin was released and listed on some of the most prevalent exchanges. Binance, FTX, Coinbase, etc. It was also airdropped to all BAYC investors and linked to various NFT catalogues. Apecoin has also been taken by the Mutant Ape Yacht Club and the Bored Ape Kennel Club. 

Our ApeCoin Price Prediction

Even though the ApeCoin economy is currently volatile, it is anticipated to stabilize over time. As per our formulated price prediction of ApeCoin. The digital token might escalate to a maximum price of $10 by the end of 2022. Conversely, a prolonged continuity in bearish trends could slump the price to $4.5.  

Historical Market Sentiments

2022

  • The ApeCoin price started to trade at $1 on March 17. And quickly soared over 2,766.45% in the first 24 hours to its ATH $27.933. 
  • APE coin’s price soon got corrected to $4.475, the very next day. 
  • After ranging sideways for weeks, the digital token took a spike to $27.592 by the 28th of April. 
  • Bearish trends in the business led to a fall of over 80% by the end of Q2.

Click here to read our price prediction of Cronos (CRO)!

FAQs

Q: Is Apecoin a good investment?

A: ApeCoin was founded newly and has gained popularity quickly; however, it is a good choice for your portfolio’s basket of crypto assets. 

Q: Who is Behind Apecoin?

A: The ApeCoin DAO established ApeCoin as per ApeCoin’s website. 

Q: What will the maximum price of APE be by the end of 2022?

A: The APE price might surge to a maximum of $9.095 by the end of 2022.

Q: Will ApeCoin’s price hit the $50 mark by the end of 2025?

A: The price of the APE crypto could surge as high as $44.687 by the end of 2025.

Q: Where to buy Apecoin?

A: You can easily buy Apecoin from any major exchange, including Binance, Coinbase, etc…

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