|24HR PRICE CHANGE||+3.27%|
|CIRCULATING SUPPLY||368,593,750 APE|
What is Apecoin, and why was it created?
ApeCoin (APE) is an ERC-20 token that operates on the Ethereum network. It was released as part of the Bored Ape Yacht Club ecosystem in mid-March 2022. APE was designed to be a governance and utility token. ApeCoin use cases include allowing holders to participate in DAO governance and gain access to special ecosystem elements such as games, events, products, and services.
Apecoin Price History
When APE debuted on March 17, 2022, it began trading at $7.26. The following day, it reached a high of $16.47. After a month of trading at around $13, APE reached an all-time high of $26.70 near the end of April before plummeting back to $13 in May. ApeCoin currently trades at $4.16, with a 24-hour trading volume of $113,417,083. ApeCoin has increased by 3.27% in the previous 24 hours.
ApeCoin’s total supply is one billion APE tokens. The contracting mechanism prevents the creation of additional tokens, imposing a cap. Additionally, there is no burning mechanism; thus, the supply won’t decrease. The available tokens are distributed as follows:
- 47.00% is designated to Treasury/Resources.
- 15.00% is designated to BAYC/MAYC NFT Holders
- 15.00% is designated to Yuga Labs
- 14.00% is designated to Launch Contributors
- 8.00% is designated to BAYC Founders
- 1.00% is designated to Charity (JGLF)
APE Technical Analysis
All technical indicators at the time of writing indicated that ApeCoin was in a strong bullish trend. Most technical analysis platforms gave the APE/USD pair a “Strong Buy” recommendation. Although it’s impossible to predict how ApeCoin will act in the future, it’s booming right now.
APE Crypto Price Prediction 2023
Apecoin price estimate for 2023 indicates that ApeCoin will resume its upward trend. According to the projection and technical analysis, the price of ApeCoin is anticipated to reach a minimum of $5.66 in 2023. The APE price can reach a maximum of $6.83, with an average price of $5.87.
Cryptocurrency experts have determined the anticipated trade average for February 2023 after analyzing ApeCoin values. According to forecasts, ApeCoin will begin the month at $4.45 and end at $4.60. The maximum and minimum predicted APE prices for February are $4.75 and $4.37, respectively.
Cryptocurrency analysts who have studied ApeCoin values predict that the APE rate might reach a maximum of $4.93 in March 2023. After that, however, it might fall to $4.42. The predicted average for ApeCoin for April 2023 is close to $4.65.
According to technical analysis performed on ApeCoin pricing by cryptocurrency experts, APE is forecasted to trade between $5.10 and $4.55 at its lowest and highest prices in April 2023, respectively. As a result, the typical anticipated trading price is $4.62.
Market analysts predict that the ApeCoin price won’t go below $4.70 in May 2023. This month, a $5.30 peak is the most anticipated. The average trade value is anticipated to be $4.86.
According to cryptocurrency experts, the APE price will be approximately $4.95 at the start of the summer of 2023. The price of ApeCoin could decrease to $4.75 or less in June 2023. It’s possible that $5.50 will be the peak value in June 2023.
In July 2023, the ApeCoin will be worth an average of $5.10. Analysts predict that the APE price will range between $4.89 and $5.67.
The values of ApeCoin and their predicted prices in the first half of 2023 have been studied by cryptocurrency experts. The lowest APE price is expected to be $5.15 in August 2023, with a maximum of $5.95. The average trade cost will be roughly $5.32.
At the start of autumn 2023, the average ApeCoin price will be around $5.40. However, crypto experts predict that the APE price will peak at $6.08 in September 2023 and will not fall below a minimum of $5.23.
According to crypto analysts’ forecast data research, the price of APE is predicted to reach an average trading value of $5.49 in October 2023. ApeCoin is scheduled to have a starting price of $5.30. Furthermore, the APE price can reach a high of $6.30.
Based on ApeCoin price variations at the start of 2023, crypto experts predict an average APE rate of $5.70 in November 2023. Its lowest and highest pricing are predicted to be $5.55 and $6.65, respectively.
Based on an assessment of ApeCoin pricing throughout the first 11 months, the minimum price of ApeCoin is expected to be roughly $5.55 by December 2023. The most likely APE pricing is around $6.83. In December 2023, the average trade price might be $5.87.
What could affect the price of Apecoin over the next year?
The ApeCoin project exemplifies how developers proceed with decentralization even after experiencing initial success. Furthermore, it is plausible to expect that demand for APE will increase among investors if the Bored Yacht Ape Club (BAYC) ecosystem continues to flourish, given the popularity of BAYC and high demand from price-insensitive investors like athletes and celebrities.
Upcoming events that could affect APE Price
The BAYC has begun its subsequent chapter. The Trial of Jimmy the Monkey, a short film that served as the launchpad for the upcoming chapter of BAYC’s lore, has generated interest, skepticism, and intrigue. In addition, new NFTs would be introduced during this phase, which would impact the price of APE.
APE Price Prediction 2024
ApeCoin will most certainly become integrated into multiple metaverse projects within the next two years, increasing investor demand. If this happens, crypto market experts predict that APE will be worth $8.85 on average by 2024. A minimum purchase of one ape coin will cost about $8.55. The maximum anticipated APE cost can be close to $10.02.
If NFTs continue to gain popularity, they may become part of everyday life. Constant growth in NFT’s prominence can help ApeCoin maintain its leadership position. As a result, the coin’s minimum and maximum prices are predicted to be about $12.40 and $14.30, respectively. The projected trading cost is $12.75 on average.
The Apecoin APE price prediction indicates that the ApeCoin price is anticipated to fall as low as $17.63 in 2026. However, according to crypto analysts’ research, the APE price could rise as high as $21.08, with an average prediction price of $18.12.
By the end of 2027, APE is expected to reach $29.58. The average APE price for 2027 is predicted to be $26.70. The highest estimated price for 2027 is $30.36, which will be reached in the summer of 2027.
According to crypto analysts, APE maintains a strong position as a good investment option over the next five years despite trends in the turbulent crypto market. APE would have an anticipated average price of $39.58 if large price rallies were to occur.
According to the forecast data analysis, the price of APE is expected to reach the $50 mark in 2029. ApeCoin is predicted to reach a minimum fee of $47.98 before the end of 2029. Furthermore, the APE price can reach a high of $63.41.
Regarding pricing value, APE has a tremendous opportunity to achieve new highs. As a result, ApeCoin is expected to appreciate. Many experts and business professionals believe that APE might reach a high of $95 by 2030. However, the rate may fall to approximately $77. As a result, the average trading price is predicted to be $80.
Experts anticipate that additional use cases will be developed by 2031, giving ApeCoin significant utility. Keeping this in mind, the ApeCoin estimate for 2031 expects the coin to reach $115. APE will be traded for at least $110, with potential heights of $130.
With continual upgrades to the ApeCoin network projected over the next decade, experts believe that APE will be bullish in 2032. According to a technical analysis of ApeCoin pricing in 2032, the minimum price of ApeCoin will be $165. The maximum APE price that can be reached is $196. The average trade price is anticipated to be approximately $170.
APE Price Prediction - Conclusion
ApeCoin has eclipsed numerous cryptocurrencies to become one of the Metaverse’s most valuable tokens. The Bored Ape Yacht Club NFTs are also getting a lot of attention. With celebrity sponsorship and a link to the project, ApeCoin’s price could rise during another crypto bull run.
Overall, ApeCoin has a significant amount of interest and community support right now, which will likely drive the price of APE higher. However, if you want to invest in the token, do your homework first and keep up with current APE news before deciding whether to purchase, hold, or sell.
Regarding price, experts believe ApeCoin has a strong chance of reaching new highs in 2023. It is important to note, however, that the price of ApeCoin is heavily dependent on the overall performance of the crypto market. Therefore, crypto analysis and forecasting are not investment advice; cryptocurrency values are extremely volatile.
It’s difficult to say. The market’s future performance as a whole will be important in determining if APE would be a good addition to your portfolio. Remember, before investing, you should always conduct thorough research.
ApeCoin can be purchased on a cryptocurrency exchange. When selecting an exchange, make sure it supports ApeCoin transactions. If it does, there are a few other things to consider: payment methods, withdrawals, and wallet (cold or hot).
ApeCoin hit an all-time high of $26.70 on April 28, 2022
The price of 1 ApeCoin currently costs $4.16