ApeCoin Price Prediction

ApeCoin burst onto the crypto scene in 2022, and in a matter of months, took the market by storm. Created to incentivize a decentralized community at the forefront of web3, it banked on the NFT craze to capture public consciousness.

Though ApeCoin price declined a few months after its exceptional entry into the digital asset scene, the coin, which is linked to the popular Bored Ape Yacht Club (BAYC) is still relevant with high growth potential. Here, we’ll provide a comprehensive ApeCoin price prediction for the years ahead and what you must know before buying it.

ApeCoin Price Prediction Summary

  • End of 2023: Judging by how ApeCoin has performed this year, it is feasible to expect the coin to make significant gains in the next few months. Based on that, our ApeCoin price forecast estimates that APE will only be able to reach $2.2 by the end of 2023.
  • End of 2024: With Bitcoin halving expected to usher in a Bull Market in 2024, most altcoins are expected to gain. However, ApeCoin is not a regular altcoin and has never experienced a bull market before. Depending on how events play it, APE may reach a maximum price of $4.85 by the end of 2024.
  • End of 2025: ApeCoin’s utility may improve significantly in the next couple of years. With the APE Ecosystem improving, ApeCoin use cases are expected to improve. Such improvement could trigger price growth. Therefore, our ApeCoin price forecast estimates that APE could trade for $10 by the end of 2025.
  • End of 2030: A lot could happen before 2030 and we expect the Bored/Mutant Ape Yacht Club NFT collections to reach new heights. At the same time, we expect the ApeCoin DAO and ApeCoin Foundation to vote and implement several proposals that will boost the ecosystem. In all, our long-term Apecoin price prediction projects that APE could be worth as much as $38 by the end of 2030.

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ApeCoin Price History

As the Ape Ecosystem started to boom, the need for decentralized governance resulted in the creation of ApeCoin, an ERC-20 token. It was released by ApeCoin DAO, a decentralized autonomous organization focused on growing the Ape Ecosystem.

After its creation, ApeCoin was initially distributed as a reward for ownership to holders of Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs. At its inception, 15% of the maximum supply of 1 Billion APE tokens was distributed to the NFT holders while 47% was reserved for the DAO to grow the project.

ApeCoin Price Chart

ApeCoin Price History

When it debuted on cryptocurrency exchanges on March 17, 2022, its initial price was $5. Within 48 hours of trading, it surged over 250% to reach $12.99. In the next couple of weeks, it experienced sideways swings but remained above the $10 mark.

ApeCoin early price gain continued in April. It actually skyrocketed towards the end of the month, reaching an all-time high value of $26.70 on April 28, 2022, according to Coingecko data. It declined steadily afterwards, reaching $11.22 on May 9.

As the reality of a crypto bear market dawned on ApeCoin holders, the price drop continued in the months to follow. By July 2, APE was trading at $4.55 per token. Another decent price performance saw the altcoin reach $7.55 on August 6 before dropping again.

For the rest of 2022, ApeCoin price fluctuated within the $2 to $5 range. It started 2023 on a good note, following the announcement of APE staking mechanism. It reached another peak price of $6.11 on January 27 before declining slowly. By early June, it dropped below $3. It dropped further to $1.80 on August 5 and has been unable to break resistance at $2 since mid-August.

At the time of writing this ApeCoin price prediction article, APE was trading at $1.43 per token, a 2.48% gain in 24 hours and an 11% gain in 7 days.

Key Points in ApeCoin Price History

  • ApeCoin was launched by ApeCoin DAO to incentivize BAYC/MAYC NFT holders and to develop the APE ecosystem
  • Though Yuga Labs distances itself from ApeCoin, it is the official token of both BAYC and MAYC and also serves as the governance token of the ApeCoin DAO
  • At launch, 15% of ApeCoin tokens (APE) were distributed to BAYC and MAYC NFT holders
  • When it debuted on cryptocurrency exchanges, ApeCoin initial price was $5
  • APE price surged after it was listed on exchanges, reaching an all-time high value of $26.70 on April 28, 2022
  • ApeCoin price dropped continuously after the initial surge, only gaining momentum again after APE staking mechanism went live in December 2022
  • ApeCoin has been trading below the $2 since mid-August, 2023

ApeCoin Price Prediction 2023

When it debuted on crypto and altcoin exchanges, ApeCoin quickly became one of the most undervalued cryptos to buy. But as we’ve already discussed, APE price started dropping after the excitement surrounding its listing waned. But we can’t just wave the coin away now.

As one of the newest cryptocurrencies, ApeCoin has yet to create a reliable price structure. Therefore, it will be difficult to make forecasts based on its price history. However, we can rely on how the coin has performed this year to deduce how it could change in the next few months.

Apecoin Trading Forecasts

For a reliable ApeCoin price forecast, we may have to refer to information about the project and the direction the APE ecosystem will move in the years to come. We will also consider current and potential use cases of the ApeCoin token.

For 2023, our ApeCoin price prediction will focus more on the coin’s price history, especially this year. After picking momentum as a result of ApeCoin staking mechanism going live, APE had a decent performance in January and February 2023. March and April were still relatively good. However, from mid-May, 2023, ApeCoin price started trending downwards.

Based on our estimation, ApeCoin may not record a significant price gain in the next couple of months. In fact, it is expected to continue swinging sideways as 2023 runs out. Therefore, our ApeCoin price prediction estimates that APE could trade in the region of $2.2 by the end of 2023.

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ApeCoin Price Prediction 2024

In 2024, different factors will have an impact on ApeCoin price movement. The general condition of the crypto market will play the biggest role.

From what we already know, the crypto market will most likely boom next year. Bitcoin halving is scheduled for April 2024, and it is expected to usher in a bull market. In fact, many analysts estimate that the bull market will start even before the halving event as traders and investors have already started speculating.

APE

In a favorable market condition, ApeCoin could get the much-needed push to gain value. It has never witnessed a bull market, so it is still challenging to estimate how its price will respond to the anticipated Bull Run.

We must also consider the possibility of ApeCoin not responding well to a general crypto bull market. Considering its close link to the NFT market, the coin could behave differently, even in the face of a generally favorable market condition. The NFT craze has waned, and associated coins like APE may exhibit characteristics different from the established norm in the crypto market.

Considering all factors objectively, ApeCoin has a good chance of gaining in 2024. In spite of what may appear as shortcomings, it may benefit immensely from the anticipated bull market. So, our ApeCoin price prediction projects that APE price could reach $4.85 by the end of 2024.

ApeCoin Price Prediction 2025

ApeCoin utility is one of the factors that will exert the biggest influence on its price movement in years to come. At the moment, the coin has limited utility, which is why it is still one of the most promising cryptos. Once its use cases begin to improve, its value will most likely follow suit.

At the moment, ApeCoin is primarily used as a decentralized payment method. Its potential use cases, however, are numerous. Considering its link to NFTs, it could play a major role in metaverse projects. The APE ecosystem and ApeCoin community are also at the forefront of web3 innovations, so APE could also be applied to several web3 projects in the future.

ApeCoin Predictions

It has also been touted that ApeCoin will be significantly used in blockchain-based games. Thanks to its ties to prominent NFT collections, this could prove to be one of its most important use cases. With the gaming industry projected to grow significantly in the near future, APE may become a highly sought-after token.

Considering the impact APE staking mechanism had on ApeCoin price after it went live, it is tempting to assert that future use cases will have a significant impact on APE prices. The exclusive nature of its community will be a major attraction for potential new users, especially when they enjoy specific utility from the coin.

Depending on how things play out, ApeCoin will most likely see glorious days ahead. With its ecosystem improving and inventing new utilities for the token, APE may be able to reach new heights. Therefore, our ApeCoin price forecast estimates that APE could reach $10 by the end of 2025.

ApeCoin Price Prediction 2030

Making an ApeCoin long-term price forecast is challenging for many reasons. For a start, APE is a relatively new token and is currently undervalued because of limited utility. Also, its ties to exclusive NFT collections make it a unique digital asset that is difficult to predict.

In spite of its uniqueness, ApeCoin is still an altcoin. Its long-term price prospect will still depend on the future of the entire crypto market and how its ecosystem performs in the years ahead. The ApeCoin DAO will have several decisions to make in the future and such decisions could have a notable impact on APE price. The APE Foundation has also shown readiness and capacity to innovate.

ApeCoin Forecasts

It should be noted that the official ApeCoin forum, through the ApeCoin DAO, suggested and agreed on the staking mechanism and token distribution. The impacts these decisions had on APE price is evidence that the community’s resolve could affect APE price positively. The APE Foundation also seems to be excellent at administering agreed proposals.

We can also draw inferences from how other memecoins have transcended in the past. Shiba Inu, for instance, has transitioned from a mere memecoin to an important altcoin with high growth potential. In the long run, it is possible that ApeCoin and its ecosystem will develop so well that it will become one of the best altcoins to invest in.

Considering the factors we’ve discussed briefly, our long-term ApeCoin price prediction is positive. Depending on how events unfold in the years to come, ApeCoin price could rise significantly to reach a new high of $38 before the end of 2030.

ApeCoin Price Prediction 204o

ApeCoin has the potential to grow and integrate with other crypto and blockchain projects. We’ve already stated that it could find widespread potential application in web3 and blockchain gaming. Such applications or use cases will definitely have an impact on its price.

ApeCoin has the potential to become one of the best metaverse coins, depending on how the prominent Bored Ape Yacht Club and Mutant Ape Yacht Club NFT collections develop in the future. The two collections already have massive celebrity and investor backing. Their influences will definitely play a major role in short-, medium and long-term ApeCoin price prospects.

Though we can attribute ApeCoin’s performance in 2023 to the general condition of the crypto market, we must also realize that it entered the market at a perilous time and performed decently. Therefore, it can be inferred that the coin’s price has been corrected by the market. The excitement surrounding its launch has died off and the recent performance is a true reflection of how it could perform in the future.

If the industry grows as we expect, ApeCoins could reaches its high potential, therefore the value of APE will be significantly higher in the 2040 than the current price. Our conservative ApeCoin price prediction for 204o is estimated the coin to reach $75 by the end of the year.

Potential Highs and Lows of ApeCoin Price

From what we’ve discussed in the sections above, you can tell that forecasting ApeCoin’s future prices is challenging. Due to the volatile nature of the asset, it is practically impossible to estimate future prices with certainty. In this section of our ApeCoin price prediction, we’ll present potential highs and lows of APE prices in the table below:

Year Potential High Potential Low
2023 $2.2 $1.28
2024 $4.85 $2.60
2025 $10 $5.10
2030 $38 $20
2040 $95 &65

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.   

Expert Opinions – What Other Analysts Say about ApeCoin Price Prediction

Though we’ve provided our well-researched and expertly analysed ApeCoin price prediction, it is still important to consider other perspectives. In this section, we will sample ApeCoin price forecast(s) from other analysts to help you compare and reach an informed decision about how the coin price will potentially move in the years ahead:

“According to the technical analysis of ApeCoin prices expected in 2023, the minimum cost of ApeCoin will be $2.05. The maximum level that the APE price can reach is $2.32. The average trading price is expected around $2.12.”

Changelly.com

“Based on the historical price movements of ApeCoin and the BTC halving cycles, the yearly low ApeCoin price prediction for 2024 is estimated at $1.307811. Meanwhile, the price of ApeCoin is predicted to reach as high as $3.48 next year.”

Coincodex.com

“In 2025, we expect ApeCoin to see impressive growth as crypto gains recognition across many business sectors. As a result, the price could reach as high as $5.65, averaging around $5.20. ApeCoin could see a minimum price of $4.76.”

Bitnation.co

“Our ApeCoin price prediction for 2025 suggests that the coin could reach all-time highs of $28, potentially even surpassing that level. Based on the progress observed thus far, it is plausible to have confidence in the creators of ApeCoin to develop an excellent blockchain infrastructure for the coin and its various NFT collections within the ecosystem, substantially impacting the token’s price.”

Coinculture.com

“After witnessing a bullish run in the market, ApeCoin and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, ApeCoin could be trading at $24.”

Coinedition.com

What is ApeCoin?

ApeCoin

ApeCoin is the official token of both Bored Ape Yacht Club and Mutant Ape Yacht Club NFT collections. Though it wasn’t created by the parent company of the NFT collections, Yuga Labs, it was launched to empower and incentivize the community. It is believed that Yuga Labs distanced itself from the coin due to regulatory concerns.

It should be noted that ApeCoin is not an NFT. Rather, it is an ERC-20 governance and utility token with several functionalities within the APE ecosystem. As the governance token of the ApeCoin DAO, it gives holders the power to vote on how the ecosystem is run.

What is ApeCoin Used For?

As for what ApeCoin is used for, there are several current and potential use cases we must discuss briefly. Firstly, ApeCoin tokens were distributed as NFT rewards. For a long while, Bored Ape Yacht Club NFTs were considered among the best NFTs to buy. The distribution of APE tokens to NFT holders validated this belief to some extent.

ApeCoin is also utilized as a payment method. As an ERC-20 token, it is suitable for decentralized payments and has been applied to this use. It has the potential to be accepted by many merchants as its ecosystem develops.

ApeCoin BAYC

ApeCoin could potentially be integrated into the metaverse too. There have been rumours that it will be widely integrated in blockchain games and we can’t rule out its potential utility in essential metaverse projects. As the governance token of a decentralized autonomous organization (the ApeCoin DAO), APE bestows holders with governance rights to determine how the entirety of the APE ecosystem will be run.

Finally, ApeCoin is used as an investment instrument. Like other top cryptos you can invest in, APE has the potential to yield profit. This ApeCoin price prediction guide is relevant because of this use case. ApeCoin can also be staked to yield passive income in crypto.

What Influences the Price of ApeCoin?

Before opting to buy ApeCoin, it is important that you understand the factors that could influence its price. Though we’ve mentioned some of these factors previously, we’ll highlight and shed more light on them in this section:

Overall Market Sentiment

Like every other digital asset, ApeCoin will always respond to the direction of the entire crypto market. Though there are occasions when specific altcoins do not go in the direction of the market, the majority of digital currencies perform in accordance with market sentiment. Therefore, ApeCoin price trajectory will depend, to a large extent, on how the market performs in the years to come.

Popularity of BAYC and MAYC

The popularity of Bored Ape Yacht Club and Mutant Ape Yacht Club NFT collections will always have an impact on ApeCoin price. Remember that the coin was inspired by these NFT collections and remains their official token. The way the collections are perceived now and in the future could exert some level of influence on APE price movements.

Ecosystem Developments

The APE ecosystem is still in its earliest stage of development. However, the signs are clear that ApeCoin is an ambitious project that could attract many new users in the near future. The way and manner the APE ecosystem develops will have a notable impact on ApeCoin price. Once potential investors see real value in the ecosystem, they will rush in to buy APE tokens and that will definitely have a meaningful impact on its price.

The ApeCoin Community

The ApeCoin community will have a significant impact on how the ecosystem develops, and that will also translate to how the coin performs in the market. So far, the community has demonstrated some level of resilience, remaining steadfast even when APE price was plummeting. When notable improvements hit the ecosystem and the ApeCoin community becomes more excited, their positive sentiment could exert a positive force that will result in more demand. Of course, higher demand will always have a positive impact on price.

Is ApeCoin a Buy?

Judging from its price history, ApeCoin appears like a project that banked on hype to reach a high price level and crashed afterwards. Considering the popularity of Bored Ape Yacht Club, this price pattern becomes a little more understandable. But how will it perform in the future?

Buy ApeCoin on eToro

 In the past year, we’ve observed ApeCoin decline slowly. Like a typical digital asset, its price has often swung sideways. However, it was able to hold within an acceptable price range, even when many new coins succumbed to the drawn-out crypto winter.

Based on our ApeCoin price forecast, APE may be a decent coin to buy. It is currently trading at a low price and analysts project that it will gain in the future. The potential for growth is there, but there is still a level of uncertainty surrounding the coin.

Check Some of Our Other Price Prediction Reviews

If you’re looking to buy cryptos, then you might want to check out some of the other forecasts posted by the Crypto2Community team.

ApeCoin Price Prediction – Conclusion

In this guide, we’ve covered ApeCoin price prediction in a manner that will help you determine if it is a good coin to add to your portfolio. We’ve discussed how the coin came about, its price history, as well as what it is.

From all indications, ApeCoin has potential for growth. Though it has a unique background and currently has limited use cases, there is no telling how big the APE ecosystem can grow in the future. It is possible that ApeCoin may soon join the list of next cryptos to explode. At the moment, it is just a decent altcoin with the potential to grow.

At this point, we must reiterate that ApeCoin is a volatile asset. As such, it could rise significantly or drop abysmally. It is crucial, therefore, to tread with caution when buying APE. Also, remember that it is safer to buy crypto from established crypto exchanges and brokers like eToro. In addition to offering several perks, eToro charges the minimum possible fees. It is also highly secure.

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FAQs

What was ApeCoins highest price ever?

According to Coingecko data, ApeCoin’s highest-ever price is $26.70. The coin reached this all-time high value just one month after debuting on cryptocurrency exchanges.

Yes, ApeCoin price will likely go up in the future. Though it may swing sideways in the next couple of months, APE price will most likely pick up momentum as the crypto sector recovers from the bear market.

There is a possibility that ApeCoin will bloom in 2024. Most cryptocurrencies are expected to rise considerably after Bitcoin halving must have ushered in a bull market. APE will likely benefit from this.

Based on our ApeCoin price forecast, APE is projected to reach a high price of $4.85 before the end of 2024.

Depending on many factors, APE could gain significantly in 2025. However, our APE price prediction estimates that it will reach $10 per token in 2025.

ApeCoin price in 2030 will depend on how its ecosystem develops and the use cases it will be put to. In all, we anticipate that ApeCoin will be able to reach a new high of $38 before the end of 2030.

While we can’t rule out anything, it is unlikely that ApeCoin will reach $100. However, if the project innovates in a strategic and productive manner, APE price may rise significantly. Even if it will get to $100, it may take decades.

Yes, this is looking like the right time to buy ApeCoin. There is a good chance that the coin price will rise in the months to come. Buying now improves the chances of making a reasonable profit.

ApeCoin could be a good investment. Though it may not be in the league of best altcoins to buy, ApeCoin is a decent project with good growth potential. In the long run, it could yield meaningful profit.