On 16 March, Yuga Labs announced the launch of ApeCoin with a Twitter thread, a new Twitter account, and a website. The token will be used for culture, gaming, and commerce to build out the Web3 efforts for the Company.
A total of 150 million tokens were made claimable for Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club holders from 17 March 2022. Many believe that Apecoin can also be used in various crypto games. And for that reason, its value may increase even more.
ApeCoin would be used as the primary currency within the Bored Ape Yacht Club ecosystem. The cryptocurrency would power all the transactions on the decentralized project, providing a more streamlined and efficient way to handle all the financial operations.
One of the reasons why ApeCoin is experiencing phenomenal growth is due to its DAO mechanism. DAO means decentralized autonomous organization where the project is not under an individual or entity’s leadership. Instead, the whole community derives it.
The price of ApeCoin is currently around $5.75, with a market capitalization of $1.7 billion. The daily trading volume is slightly above $650 million, from a circulating supply of 306,875,000.00 APE tokens.
#1 Walletinvestor APE would make an ‘awesome’ one-year investment, according to WalletInvestor. The token has an outstanding potential to increase 116.4% in one year. Apecoin’s forecast return on investment (ROI) for 2024 will be 243.4%, 2025 will be 369.2%, 2026 will be 495%, and 2027 will be 620.1%.
#2 TradingBeast Trading Beast predicts that Apecoin will rise gradually towards the end of the year, reaching $8.40269 in December. In 2023 the Apecoin market price could increase from $9.27362 in January to $15.44370 in December. The trend will continue in 2024, and the average trading price will rise from $15.83859 in January to $19.19251 in December.
#3 Digital Coin Price Apecoin will recover to a mean price of $7.71 in August and remain relatively stable for the rest of the year. According to DigitalCoin price analysis, Apecoin’s price is expected to be bullish for the entire period between 2023 and 2031 despite high price volatility on cryptocurrency exchanges.
2022 ApeCoin price prediction for 2022 is $6.00 on average, with a minimum of $5.80 and a maximum of $6.59. 2025 The Apecoin APE price prediction for 2025 is $17.36 on average. Apecoin will reach its highest price at $20.39 and the lowest price at $16.86. 2030 The Apecoin APE price prediction for 2030 is $111.610 on average, with a minimum of $107.25 and a maximum of $133.81.
The current ApeCoin sentiment is bullish, according to our technical analysis. The majority of technical indicators are showing buy.
According to our historical data and technical analysis, it is currently profitable to invest in ApeCoin. This is a suggestion, not investment advice.
Please take these price predictions as suggestions of some market experts/analysts. Prediction with tools may not turn out perfect due to the unpredictability of certain factors such as public sentiment and market conditions.