As a result, there has been a unanimously positive outlook on the ApeCoin price prediction. Below we have curated some predictions of the most popular market speculations for $APE. Still, remember you need to do your own research and never invest more than you are willing to lose.

apecoin prediction

ApeCoin, aptly named after a very popular animal in trading circles, is a cryptocurrency inspired by the famous NFT collection, the Bored Ape Yacht Club. APE powers the community that is currency building at the forefront of web3. The launch of the ApeCoin token was signaled by an exclusive airdrop to BAYC owners and related projects for free.

On the other hand, wallets that hold between 1 million and 10 million APE tokens have increased from 183 to 192 in numbers that indicate a 5% gain in the same period. This is largely, but not entirely, due to the instability surrounding the UST stablecoin and Terra’s native token, $LUNA. ApeCoin’s board of directors consists of prominent venture executives such as Reddit co-founder Alexis Ohanian, Yat Siu of Animoca Brands, Amy Wu of FTX’s venture arm, Maaria Bajwa of Sound Ventures, and Dean Steinbeck of Horizen Labs. The profiles of the board members and the coin’s linkage to BAYC have instilled confidence in ApeCoin’s growth and have been the main motivator for ApeCoin’s price surge. Crypto Academy, the token underlying the ApeCoin ecosystem may trade for as much as $60 and as much as $80 by Q4 of 2022.

ApeCoin’s price trend seems to be bearish for the mid-term and bullish for the long term. However, the token’s support level stands at $10 and analysts predict that the token https://xcritical.com/ could reach $30 if the project takes off on awareness and adoption. BAYC’s Metaverse integration and film trilogy are potential drivers of ApeCoin’s strong price momentum.

While Apecoin has experienced multiple trend changes since the currency experienced its first massive rally in march, the traders are puzzled by Apecoin to-and-forth price action. APE has one of the largest market caps in 2022 and makes it a favorable investment for long-term investors and holds. It is likely that the token will continue its bearish trend before breaking its resistance levels for an uptick as more liquidity and utility are built around the token.

Apecoin Ape Price Prediction

The bearish situation develops as markets continue to search for signs concerning APE’s utility in the non-fungible token and metaverse sectors. 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.

MetaRPG that will allow users to use their own NFT characters as in-game assets. The business will also provide a software development kit to assist developers and creators in creating NFTs for any community. As a result, their in-game marketplace will ultimately become unlimited where there would be new characters, digital wearables, and game development on the inside. However, if ApeCoin fails to surpass the said resistance zone, then the currency will retrace back to $10.82 and lead towards correction.

  • 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.
  • APE will be the in-game currency for numerous projects led by Yuga Labs.
  • BAYC owners who are holders of ApeCoin got to be part of the ApeCoin DAO as well thereby rewarding them for their participation in the community.
  • The bearish situation develops as markets continue to search for signs concerning APE’s utility in the non-fungible token and metaverse sectors.
  • Read our APE token price prediction to understand what’s happening with the asset.
  • ApeCoin is a relatively new cryptocurrency and does not have the likes of seasoned industry experts yet unlike Bitcoin and Ether.

We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. Between March 28 and April 7, ApeCoin price dropped roughly 31% as the price drained towards the $12.28 support level. But this trend was reversed after APE surged by 15% on April 10, indicating an uptrend. The broader crypto market has been extremely volatile and has been in the bearish phase since the end of last year. Popular cryptocurrencies such as Bitcoin dipped toward the $30,000 level mark, owing to inflation concerns, and general crypto adoption slowdown.

Price Prediction 2030

Yuga Labs, the company behind the Bored Ape Yacht Club , have gone one step further in achieving their vision of driving culture forward into the metaverse by announcing the launch of ApeCoin. On its launch on March 17, $APE Token (or $APE BAYC), airdropped to all BAYC holders, was welcomed to the market with an impressive but volatile opening, leading many eager enthusiasts to early speculations on its future market performance. In this article, we explain the $APE token, ApeCoin future price predictions, and where to buy $APE. ApeCoin’s price chart in May 2022 is characterized by a rising wedge, a pattern of consolidation. This is at the core of a bearish forecast for the token in the short term.

But this is not too alarming as the broader crypto and equity markets are undergoing a massive correction due to the economic bubble burst. SwapSpace project aims to provide a full spectrum of information for the exchange options.

apecoin prediction

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 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.

ApeCoin is an ERC-20 utility token that empowers the decentralized and open-source protocol layer of the APE ecosystem, which now consists of the Bored Ape Yacht Club, Cryptopunks, Meebits, and a host of other upcoming projects. ApeCoin serves several purposes within its community of forward-thinking users, such as access, incentivization, governance, spend unification, and perhaps more importantly, satisfying the FOMO urge of owning a piece of the renowned BAYC NFTs. On March 18, 2022, ApeCoin was launched and airdropped to all BAYC and allied NFT collection investors, including the Mutant Ape Yacht Club and the Bored Ape Kennel Club. ApeCoin started trading at levels of $11.57 and soon jumped to a price band of $25.70 to $28. Yuga Labs is expanding the Bored Ape ecosystem to include ApeCoin tokens and its journey into the metaverse. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most.

Is Apecoin The Best Crypto To Buy In 2022?

Read our APE token price prediction to understand what’s happening with the asset. Here’s ApeCoin technical analysis from TradingView, updated in real-time. Although ApeCoin does have a real value, its connection to an NFT fund causes many to treat it as a meme token, if not an overhyped shitcoin. Investors have divided opinions on the ApeCoin cryptocurrency, with some being firmly behind it and others expecting its bubble to burst within weeks. ApeCoin holders will be able to decide what direction the ecosystem will develop in, and can vote on how ApeCoin DAO funds will be distributed.

apecoin prediction

The amount in circulation will constantly change depending on the market conditions and the coin release schedule. 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. At the time of writing, all technical indicators were showing a strong bullish trend for ApeCoin, with the APE/USD pair receiving a “Strong Buy” signal on most technical analysis platforms. There’s no saying how ApeCoin will behave in the future, but it is clear it’s pumping right now.

What Is The Apecoin Price Prediction?

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. Moreover, Ape Coin gives its holders access to some features of the ecosystem not available otherwise. The total supply is fixed at 1 billion coins, all of them minted at once.

The supply distribution chart supports an uptrend for ApeCoin price and this index tracks the number of APE tokens grabbed by institutions. It is to be noted that since March, investors who have 100k to 1 million APE tokens have increased from 4 to 152 representing a 3,700% gain. However, over the past day, ApeCoin’s price action shows that bulls are back in action. At the press time, APE is trading at $11.38 with an increase of 3.15% over the last 24hrs. The ApeCoin DAO allows its members to produce tangible and virtual items, games, and services powered by blockchain.

However, experts and speculators are keeping their fingers crossed on the continued relevance of the BAYC NFT project, as the future of the closely correlated ApeCoin largely depends on it. Although $APE launched a short while ago, experts and speculators are optimistic about the first year for the coin on the market. Currently trading at a little above $10, the token opened at $23.10 before momentarily shooting up to almost $40. We making a forecast of future prices for huge amount of digital coins like ApeCoin with technical analysis methods.

ApeCoin is speculated to be the transactional currency in Yuga Labs’ Metaverse project Otherlands. This metaverse is said to consist of 200,000 plots of virtual land where ownership would be represented by title deed NFTs. Efforts to attach utility to the token, it remains yet to be seen which projects ApeCoin precisely aims to collaborate with. In May, Yuga Labs held a widely publicized sale of virtual land deed NFTs ‘Otherdeeds’ for its yet-to-be-released, highly-anticipated metaverse project, ‘Otherside’. After initially rising to $18 APE price chart declined 40% and the asset was pulled off to $10. 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 prediction

It will let its holders vote on the development trajectory and future projects that the DAO should undertake. Experts and speculators expect ApeCoin to keep soaring and making new all-time highs in 2023. PricePredictions What is ApeCoin (APE) predict trading between a price range of $26 and $32 for ApeCoin within the year, while Changelly, another popular crypto news site, predicts an optimistic price range between $55 and $100.

Metaverse Integration

After the buzz will calm the APE coin price might recover, especially if the Bored Yacht Club NFT ecosystem will perform well. The ApeCoin price has an immediate resistance at $12.28 and this support will soon act as a support area soon. If Apecoin retraces below $10, investors can begin accumulating as the currency will face an upswing above the said area. Hence, if this happens APE will rally by 10% to reach $12.28 and once this happens, $12.28 will act as a support zone and the next resistance will be $14.43 which would gain 30%. The way cryptocurrencies are performing these days, the traders are under pressure.

Bitcoin Btc Price Recover: Another Bull Trap Or A Fresh Rally, Whats Next?

62% of all APE tokens were allocated to the ApeCoin ecosystem fund — they will be used to carry out the project’s various initiatives. APE will be the in-game currency for numerous projects led by Yuga Labs. The principal settlement on upcoming Yuga Labs goods and services is APE. ApeCoin is also poised to be a payment method for events organized by BAYC, merch, and collectibles released by the project.

The airdrop is said to have conferred 15% of the total APE supply to BAYC holders. A positive factor is that despite the larger cryptocurrency space’s propensity for volatility and the current bearish trend gripping the broader market, ApeCoin’s price fall does not appear to be too severe. Apart from BAYC, it is tied to the scope of the virtual land metaverse project ‘Otherside’ and other upcoming P2E games. At this juncture, there must be strong use-cases established for the token to prosper and be adopted. Currently, most technical trading platforms hold a ‘Strong Sell’ signal for ApeCoin. The APE coin was launched on March 17 and has rapidly approached the top-100 of the trading cryptos.

Below we have collected the most reliable price projections for ApeCoin from popular forecast platforms. 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. If you are trying to find cryptocurrencies with good return, you should explore the maximum of available sources of information about ApeCoin in order to make such a responsible decision about the investment by yourself. This gave BAYC holders a chance to sell them for profit or hold them for further long-term gains. BAYC owners who are holders of ApeCoin got to be part of the ApeCoin DAO as well thereby rewarding them for their participation in the community.

Yuga Labs, the parent company of the ApeCoin project, is increasingly acquiring and pioneering new community-led initiatives that aim to drive culture forward in the fast-growing web3 metaverse through art, play2earn gaming, events, and entertainment. 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 is a relatively new cryptocurrency and does not have the likes of seasoned industry experts yet unlike Bitcoin and Ether. ApeCoin’s price history has been highly volatile, carrying high risks for its investors.

There are a few reasons why it is incredibly challenging to make ApeCoin price predictions. First of all, its fundamental value as a token is tied to a hype-dependent project — an NFT collection. Although the Bored Ape Yacht Club is one the biggest projects of its kind and has been picked up by many celebrities, it has already started declining in popularity. This calculation shows how much cryptocurrency can cost if we assume that their capitalization will behave like the capitalization of some Internet companies or technological niches. If you extrapolate the data, you can get a potential picture of the future price for 2022, 2023, 2024, 2025, 2026, and 2027.