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ApeCoin price prediction 2024-2030: APE breaks key support?

Key Takeaways:

  • Our ApeCoin price predictions anticipate a high of $1.87 by the end of 2024.
  • In 2025, it will range between $2.25 and $2.65, with an average price of $2.30.
  • In 2030, it will average between $13.13 and $15.69, with an average price of $13.50.

Unlike the common sentiment of being a meme token, ApeCoin (APE) has utility. APE is an ERC-20 token that governs the ApeCoin DAO. The token also has utility within an affiliated company, Yuga Labs, the firm behind the Otherside metaverse, BAYC, and MAYC NFTs. 

Also Read: All you wanna know about ApeCoin

APE trades below its initial listing price of $8.53 in March 2022. Will APE reach $10? What will be its price in 2025? Let’s explore these and more in the Cryptopolitan Price Prediction from 2024 to 2030.

Overview

CryptocurrencyApeCoin
TickerAPE
Current Price$0.9241
Market Cap$559,012,740
Trading Volume$48,070,691
Circulating Supply604,895,833
All-time High$39.40 on Mar 17, 2022
All-time Low$0.8709 on Jun 18, 2024
24-hour High$0.969
24-hour Low$0.9055

APE price prediction: Technical analysis

MetricValue
Volatility (30-day Variation)10.46%
50-day SMA1.212
200-day SMA1.554
SentimentBearish
Fear & Greed Index60 (Greed)
Green Days12/30 (40%)

APE price analysis: APE registers new ATL

Key Takeaways

  • APE registered a new all-time low at $0.868.
  • It is in consolidation at current levels.

APE/USD 1-day chart: APE breaks support 

APE finally broke psychological support at $1, which had held for two straight years. This means it registered a new all-time low at $0.868. As the momentum remains negative, a new lower record is possible. APE’s drop gradually started in March when it reached the year’s high at $2.683.

APE/USD 4-hour Chart: APE momentum slows

This chart highlights the moment APE broke below $1. APE crossed to oversold territory when it hit the record low however, it was followed by a brief recovery to $1.09. At current levels, it is losing positive momentum, meaning it will move into consolidation before breaking out again.

APE technical indicators: Levels and action

Daily simple moving average (SMA)

PeriodValue ($)Action
SMA 31.0210SELL
SMA 51.051SELL
SMA 101.066SELL
SMA 211.154SELL
SMA 50 1.212SELL
SMA 1001.447SELL
SMA 2001.554SELL

Daily exponential moving average (EMA)

PeriodValue ($)Action
EMA 31.159SELL
EMA 51.202SELL
EMA 101.241SELL
EMA 211.257SELL
EMA 501.325SELL
EMA 1001.437SELL
EMA 2001.583SELL

What can you expect from APE price analysis next?

The moving averages are bearish on APE, and the current analysis indicates neutral momentum. Over the short term, it will remain in consolidation and probably break out lower, noting the general market sentiment is bearish.

Is APE a good investment?

ApeCoin is useful within the Yuga Labs projects and is used to vote on proposals presented on the ApeCoin DAO. Our Cryptopolitan Price Prediction will show how the coin will trend in the years to come.

Recent news/ updates

June is election month for the ApeCoin DAO, and it is seeking to fill eight seats. Vacancies include two Special Council seats, two seats in the Governance Working Group, two seats in the Web3 Development Working Group, and one seat each in the Metaverse and Marcomms Working Groups. 

ApeCoin price prediction June 2024

It remains unlikely that APE will break below $1 support, which has held strong since the beginning of the year. The APE June price prediction will range between $1.15 and $1.77 and average at $1.48.

MonthPotential Low ($)Potential Average ($)Potential High ($)
June1.151.481.77

APE price prediction 2024

For the second half of 2024, APE’s price will range between $1.15 and $1.87. The average price for the month will be $1.55. 

YearPotential Low ($)Potential Average ($)Potential High ($)
20241.151.551.87

APE price prediction 2025 – 2030

YearPotential Low ($)Potential Average ($)Potential High ($)
20252.242.302.65
20263.073.183.87
20274.544.675.36
20286.556.787.92
20299.119.3811.18
203013.1313.5015.69

ApeCoin price prediction 2025

APE will trade higher in 2025. The coin’s price will range between $2.24 and $2.65. The average price for the year will be $2.30.

ApeCoin price prediction 2026

The year 2026 will experience bullish momentum. According to the ApeCoin price prediction, it will range between $3.07 and $3.87, with an average trading price of $3.18.

ApeCoin price prediction 2027

The APE prediction climbs even higher in 2027. According to the prediction, it will range between $4.54 and $5.36, with an average price of $4.67.

ApeCoin price prediction 2028

According to the ApeCoin price prediction, the price of APE will range between a minimum of $6.55 and a maximum of $7.92. It will average at $6.78.

ApeCoin price prediction 2029

According to our APE price prediction for 2029, the price of APE will reach a maximum of $11.18 and a minimum of $9.11, with an annual average of $9.38.

ApeCoin price prediction 2030

The ApeCoin price prediction for 2030 indicates a price range of $13.13 and $15.69 and an average price of $13.50. 

ApeCoin Price Prediction 2024-2030: Will APE Break $1 Support?
APE Price Prediction 2025 – 2030

APE market price prediction: Analysts APE price forecast

Firm20242025
DigitalCoinPrice$2.77$3.12
Gate.io$1.29$1.40
Changelly$1.57$2.28

Cryptopolitan’s APE price predictions

Our predictions show APE will achieve a high of $1.67 in the second half of 2024. In 2025, it will range between $2.24 and $2.65, with an average of $2.30.  In 2030, it will range between $13.13 and $15.69, with an average of $13.50. Note the predictions are not investment advice. Seek independent professional consultation or do your research.

APE historic price sentiment

  • Yuga Labs founded the ApeDAO in 2022. APE was distributed and later began trading on March 17, 2022.
  • Immediately after distribution, the price of APE would trade between $6.48 and $39.40. Six months later, it had dropped below $6.
  • 2022 closed with APE trading at $3.
  • It remained bearish for the first three quarters of 2023. In October, it had dropped to $1.09.
  • The crypto market sentiment changed in October as institutional interest in crypto electronic traded funds (ETFs) rose. There was also hype leading to the Bitcoin halving event in 2024.
  • As the global crypto market cap broke above $2 trillion, APE broke above $2.
  • The bull run continued into 2024, pushing APE as high as $2.43. The market began reversing after the Bitcoin halving event. By April, it had fallen to as low as $1.07.
ApeCoin Price Prediction 2024-2030: Will APE Break $1 Support?
Image Source: CoinStats
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FAQs

IS APE A GOOD INVESTMENT?

Since ApeCoin is a widely used ERC-20 token, most retailers consider it acceptable.

Additionally, the coin is already being used as NFT rewards; holders with the BAYC can immediately cash in their free APE. Our CP Price Prediction section will show how the coin will gain value in years to come.

WHAT IS THE UTILITY OF THE APE TOKEN?

The APE token is a governance mechanism in the APE ecosystem.APE powers the community that is cryptocurrency development at the forefront of web3.

WHERE CAN I BUY APE?

APE is listed on most top-tier crypto exchanges, these include: Binance, Coinbase, Bybit, and OKX.

CAN THE APECOIN PRICE CRASH?

ApeCoin is highly volatile and therefore prone to a crash. The opposite is also plausible, APE has registered over 30% price gains in a single day

IS ApeCoin A SCAM OR LEGIT?

ApeCoin is a legit project with utility on the ApeCoin DAO. Its meme token nature however has made people think that it is a scam project.

WHERE DO I SAFELY STORE APE?

You can store your APE tokens on Metamask, Bitget wallet, Binance Web3 wallet, Trezor hardware wallet, and MyEtherWallet.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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