ApeCoin (APE) Price Prediction 2024, 2025, 2030 — Will APE Go Up?

Everyone was shocked when ApeCoin, a cryptocurrency that draws inspiration from well-known NFT collectibles, the Boat Ape Yacht Club, reached its all-time high price in a matter of hours after its inception.

But since then, things have only gotten worse, to the point that it is currently trading -98.51% below its all-time high. Holders are questioning whether Ape currency is doomed in light of the sharp price decline.

The developments are not bearish, despite the charts’ apparent bearish tendency. Through the use of Ape coin, the parent business Yuga Labs is advancing Metaverse culture beyond the realm of creativity.

You can see a clear image of the Ape coin price prediction for the years 2024–2030 with this price projection.

What is ApeCoin (APE)?

Based on the APEereum ERC-20 blockchain, ApeCoin is a cryptocurrency associated with the Bored Ape Yacht Club. Apecoin is a long-awaited addition to the APE ecosystem, providing governance for the network. ApeCoin is a governance token (or voting rights) that gives its owners a say in the project’s direction and development.

ApeCoin decided to show appreciation to its current community by allocating a portion of its reserve to holders of Bored Apes or Mutant Apes NFTs in the form of free airdrops. The value of the airdrop was determined by both the rarity of the NFT and the number of NFTs held by the recipient.

ApeCoin (APE) Overview

Cryptocurrency	ApeCoin
Token	APE
Price	$ 0.7237 0.50%
Rank	132
Market Cap	$ 437.7M
24H Trading Volume	$ 76.4M
All-time High	$ 26.8034
All-time Low	$ 0.4819
24 High	$ 0.7375
24 Low	$ 0.7103
Cycle High	$ 0.8904 / 2024-09-09 23:00:00
Cycle Low	$ 0.4819 / 2024-08-05 06:25:00
Update Time	2024-10-13 00:01:01

ApeCoin (APE) Price Performance

ApeCoin (APE) Price History

ApeCoin Chart

ApeCoin, in its simplest form, is an ERC-20 coin made for governance and practical use. ApeCoin DAO, a decentralized autonomous organization with the sole purpose of expanding the coin over the future years, developed and released ApeCoin, a cryptocurrency hosted on the APEereum blockchain.

ApeCoin is the ‘official’ token of the Bored Ape Yacht Club NFT collection, which can lead to some consternation. The parent firm of the NFT collection, Yuga Labs, was not responsible for the development of ApeCoin, despite common misconception to the contrary. For reasons that aren’t quite obvious, Yuga Labs has publicly disassociated itself from ApeCoin. This could be due to regulatory concerns.

There is a total of 1 billion APE tokens that can ever be created, and CoinMarketCap estimates that there are presently 368 million in circulation. At its current price of $0.02, ApeCoin has a market size of $2.1 billion, making it the 31st largest cryptocurrency by capitalization.

ApeCoin’s price spiked shortly after its release, but it hasn’t been more than $10 since May. Since then, it has spent most of its time in the $4–$6 region.

There is no reason ApeCoin couldn’t pump in another NFT bull run, despite the minimal utility at the moment, given the hoopla surrounding Bored Ape Yacht Club NFTs, the celebrity endorsement, and the connection to that project.

But how exactly does ApeCoin work? At first, owners of Bored Ape Yacht Club NFTs and Mutant Ape Yacht Club NFTs were “rewarded” with ApeCoin. Ten thousand nine hundred and four tokens were distributed to the initial Bored Apes owners, which is almost $59,000 in today’s currency. Only 15% of APE tokens will be distributed to NFT holders, with the remaining 47% going to the DAO for long-term development.

ApeCoin can be purchased on many of the most reputable cryptocurrency exchanges by those who do not hold NFT. Token holders will have a voice in community decision-making through voting on proposals submitted by other members using the APE token, which serves as the DAO’s governance token.

ApeCoin went public on March 17 at a price of $5 and saw an immediate, massive increase of over 250% in its price within the first 48 hours of trading. The project stalled for a few weeks, then in early May it started pumping again, eventually hitting a peak of roughly $25.

Similar to the rest of the market, APE had a bad 2022. However, the price of APE has risen from $4 in December 2022 to the present price of $5.8, an increase of 45. There is speculation that the release of ApeCoin’s staking mechanism on December 12, 2022, is a contributing factor to the price increase.

In contrast, APE’s price fluctuated significantly in the final week of January 2023. According to FXStreet, APE dropped by 7% on January 30. There are conflicting predictions about the future value of APE because of its recent volatility and the general economic climate’s unpredictability.

ApeCoin (APE) Technical Analysis

All financial markets use moving averages (MA), a well-liked indicator that smoothes price movement over a predetermined period of time. Since they are a trailing indication, past price activity has an impact on them. The simple moving average (SMA) and exponential moving average (EMA) are the two forms of moving averages shown in the table below.

Date Calculated:2023-12-14

APE Consensus Rating

ApeCoin (APE) Price Predictions

ApeCoin (APE) Price Prediction 2024

If ApeCoin wants to avoid being labeled as just another “meme coin,” it will need to develop some real-world applications for its token.

Given its connection to the NFT space, this might prove challenging. However, the design of the coin suggests that it could have practical use in the future. As the token holders control the ApeCoin DAO, the future of ApeCoin is wide open. Staking and token distribution have been finalized at the official ApeCoin forum.

The future value of the token could be positively affected by more ideas proposed by the community in the future. Not only may ApeCoin be used for the governance and game integration discussed above, but it can also be used to pay for goods and services.

Because of APE’s very small size and lackluster reputation, relatively few businesses have begun accepting it as payment. To counter this, Investing.com said that SaltWater Brewery would start taking ApeCoin, opening the door for other businesses to do the same.

It is possible that the general cryptocurrency performance in 2024 will have an effect on the APE price. If the cryptocurrency markets can once again rally, we should see APE leap to the $15 level. It would be an almost threefold increase from current prices. It is impossible to gauge the likelihood of another bull run given the current financial climate of uncertainty.

ApeCoin (APE) Price Prediction 2025

A major focus of ApeCoin development is a system for autonomous, decentralized administration. The project’s DAO will play a pivotal role in ecosystem policymaking and long-term planning in the medium term. In the recent past, ApeCoin has made strides after completing its Special Council Elections.

Those voting in this election chose five individuals who will have significant influence on the ecosystem’s destiny. And experts are optimistic about APE’s value in the year 2025. According to renowned price prediction forum Changelly, APE might be trading between $19 and $22.5 by the year 2025.

By 2025’s end, if investor confidence in the market as a whole is good, APE might be trading at its previous ATH of $26.70 again. An rise of almost 360% is the result.

ApeCoin (APE)  Price Prediction 2030

Long-term success for ApeCoin may become more obvious once the coin gains widespread acceptance as a practical payment mAPEod rather than a mere investment vehicle. The metaverse appears to be a promising new frontier for the ApeCoin DAO.

Yuga Labs has already begun doing this with the release of The Otherside and the announcement of future projects. In addition, Bored Ape Yacht Club NFTs enjoys widespread support from celebrities and investors who, thanks to their substantial stakes, have a vested interest in the success of APE.

If prominent holders advocate for the venture, ordinary investors may decide to get in on it. ApeCoin has the potential to become one of the best metaverse coins if NFTs continue to rise in popularity and Bored Apes maintains its leadership position in the sector.

If this scenario plays out, ApeCoin’s usefulness would be much enhanced, and it would no longer be linked to worthless meme coins. Our ApeCoin price forecast for 2025 assumes the coin will hit $75 by the year’s end, though it could go higher if there is a significant bull run on GameFi and NFT projects. Given that APE is still in its infancy as a token, investing in it carries significant dangers. To that purpose, we have calculated a possible low of $25 by 2030’s end.

Will ApeCoin (APE) Go up ?

The cryptocurrency market has been extremely volatile so far in 2018, and the current state of affairs suggests that prices will continue to trend downward for the rest of the year. Apecoin may, for the next few months, move in tandem with the market. Apecoin’s chances of a comeback are better in the future, though. We believe that this will lead to a rising price for Apecoin. Let me explain why:

• The most expensive group of NFTs, BAYC, is behind Apecoin.
• Having Yuga Labs as a partner gives Apecoin an edge over the competition. A growing demand for Ape Coins will drive up its price as Yuga Labs expands its footprint in the Metaverse (with investments already lined up and some executions already underway).
• Apecoin’s value can only increase if it becomes a mainstream payment option. When it comes to high-end retailers, Gucci is the pioneer in accepting Ape coin.
• Apecoin has been used successfully in the past. A few months ago, it was almost $40. Therefore, once cryptocurrency prices rise again, Ape Coin will benefit greatly.

Is ApeCoin (APE) a Good Investment?

Within a few months of its launch, Apecoin reached its all-time high price of $40. What follows is a discussion of Apecoin’s potential applications before moving on to the various ways it can be invested.

Apecoin Applications

• Apecoin is a cryptocurrency used to buy games made by the BAYC community.
• APEs are integrated into games, projects, and other services, making them a third-party developer in the ecosystem.
• Benji Bananas, a mobile game created by Animoca Brands, uses APE as an incentive for players. The Membership Pass (‘Benji Pass’) is a non-fungible token (NFT) used in Benji Bananas that grants its owners access to exclusive in-game tokens and the ability to exchange those tokens for Apecoin.

Conclusion

Our ApeCoin price forecast for the coming months and years has been covered in this article. We’ve also explored the coin’s possible uses and value. The huge interest and buzz around the Bored Ape community will likely keep the coin relevant long into the future, even if the token’s utility is now restricted.

But if you’re interested in new projects, we suggest checking out Meta Masters Guild and Fight Out, both of which are presently accepting pre-orders. Read on to find out more about these fantastic items on sale in advance.

FAQs

What is ApeCoin?

ApeCoin, like Dogecoin and Shiba Inu, is a cryptocurrency. Yuga Labs Bored Ape Yacht Club owns Ape Coin. ApeCoin is one of the market’s most popular coins, gaining popularity in a short period of time. APE Coin is one of the Web3 and metaverse projects that contribute to the APE project’s strength.

Is there a future for ApeCoin?

ApeCoin is now one of the market’s most popular tokens. APE Coin quickly captured the attention of the crypto community and rose to the top-100 tokens by market valuation. ApeCoin is trending in numerous countries, according to Google Trends and social media networks.

Is ApeCoin a genuine cryptocurrency?

ApeCoin, like other cryptocurrencies, is legal. While many crypto analysts question the credibility of New Coins, APE is backed by legitimate projects, making it trustworthy. ApeCoin is also audited by Chainconsulting, according to CoinMarketCap. ApeCoin is legitimate after massive community support and a limited token supply.

Is it worthwhile to purchase ApeCoin?

Many cryptocurrency experts believe ApeCoin’s value will continue to rise. ApeCoin has a token supply of 1,000,000,000 APE tokens, which is a reasonable figure. According to the technical analysis of APE and recent pumping, it appears promising. However, keep in mind that all investment carries some level of risk. Cryptocurrencies are not only the most rewarding, but also the riskiest asset.

In 2030, where will ApeCoin be?

Ape Coin price forecast for the next ten years is optimistic. If present growth rates continue, ApeCoin could reach $269 by 2030. It is up to you whether you want to make a long-term or short-term investment. If more investors get interested in the initiative, ApeCoin values may surge in the following years. However, before making any cryptocurrency investment, we recommend that our readers conduct some personal level analysis and research.