Hosted on the Ethereum blockchain, ApeCoin is an ERC-20 token for governance and utility. The ApeCoin would be the primary currency within the Bored Ape Yacht Club ecosystem. Yuga Labs announced the launch of ApeCoin with a Twitter Inc (NYSE: TWTR) 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. BAYC has a vast collection of thousands of eight-styled NFTs.
These Ape NFTs created a storm on the internet, so we saw different Ape NFTs with different costumes and facial expressions. In addition, many believe that Apecoin can also be used in various crypto games. And for that reason, its value may increase even more.
Currently, APE is trading around $4.40 with a market capitalization of $1.3 billion. This represents an 88% decrease from the all-time high of $39.40, according to Coinmarketcap. At the moment, about 306 million APE tokens are in circulation or 31% of the max supply.
#1 Wallet Investor Wallet Investor predicts that Apecoin’s return on investment (ROI) will be 122.8% in 2023. In 2024 the ROI will be 250.6%; in 2025, it will be 377.2%; in 2026, it will be 503.6%. According to the analysis, the Ape bullish trend continues over the entire period.
#2 Trading Beast In 2023, Trading Beasts predicts that Apecoin will trade at an average price of $3.89960 in January and $6.04133 in December. In 2024, Apecoin will trade at an average price of $6.35276 in January and $9.19892 in December. In 2025, Apecoin will trade at an average price of $9.414436 in January and $11.37356 in December.
#3 Digitalcoin Price The website predicts that Apecoin will trade at a mean price of $11.88. It will reach a maximum price of $12.75 and a minimum of $11.26. In 2025 it will trade at a mean price of $20.94. It will reach a maximum price of $22.77 and a minimum of $20.23. In 2030 it will trade at a mean price of $73.55. It will reach a maximum price of $74.80 and a minimum of $72.55.
2022 The maximum price for APE is predicted at $5.96, the minimum at $5.34, and an average price of $5.59 by the end of 2022. 2025 The maximum price for APE is predicted at $20.52, the minimum at $17.33, and an average price of $17.83. 2030 The maximum price for APE is predicted at $134.52, the minimum at $111.49, and an average price of $115.43.
According to our historical data and technical analysis, it is currently profitable to invest in ApeCoin. This is a suggestion, not investment advice.