ApeCoin Price Prediction: Is APE Coin a Good Investment?

July 15, 2024

Price Prediction

Sean Korbett

ApeCoin (APE)  is the much sought-after token of the Bored Ape Yacht Club (BAYC) created by Yuga Labs. With a thriving community, the BAYC has been one of the top Non-Fungible Token (NFT) collections since the ApeCoin DAO was established in April 2021. Since then, the token has dropped in price. Will APE rebound any time soon, and when will it happen? Discover ApeCoin price prediction in StealthEX’s latest article.

ApeCoin (APE) Overview

10,000 unique Apes were launched as part of the Bored Ape Yacht Club on the Ethereum blockchain in March 2022. Each of these vibrant digital gems has a stylish appearance and levels of rarity. The collection features cartoon apes’ profile images that were created using an algorithm. There are inbuilt rare features in many generative art NFT collections. This is the reason why collections such as CryptoPunks and the Bored Ape Yacht Club have become so popular as profile pics on social media; flaunting a rare PFP has the same social cachet as owning a luxury item.

APE token facilitates participation in the ecosystem’s decentralized transactions and governance. By voting on issues like budget allocation, rule creation, partnerships, project selection, and more, owners of APE tokens collectively determine governance choices. The ApeCoin Foundation carries out the decisions made by the community regarding governance.

APE coin has several different applications. APE is used not only for protocol administration but also as an in-game currency for blockchain games that support it, as well as a means of making purchases within the ecosystem. It can also be used to access Bored Ape’s network of stakeholders and special BAYC events. 

The Ape Foundation Board includes Reddit co-founder Alexis Ohanian, Yat Siu of developer and venture capital group Animoca Brands, and FTX investor Amy Wu, among others. The original BAYC collection was developed by Yuga Labs, a company founded in February 2021 and whose three collections – BAYC, MAYC, and the Bored Ape Kennel Club (BAKC) – helped drive $127 million in revenue that year. 

ApeCoin Features

ApeCoin offers several features within the crypto space:

1. Governance. ApeCoin functions as both the governance token for the ApeCoin DAO and a utility token within the broader Bored Ape ecosystem. 
2. Decentralized nature. APE’s decentralized nature makes it resistant to censorship and fraud.
3. Smart contracts. These allow for automated and self-executing agreements. 
4. Unification of speed. ApeCoin is the ecosystem’s utility token, giving all its participants a shared and open currency that can be used without centralized intermediaries.
5. Various use cases. APE can be used for different purposes, including online purchases, remittances, and decentralized finance applications, showcasing its versatility and potential impact across different industries and platforms.
6. Incentivization. ApeCoin is a tool for third-party developers to participate in the ecosystem by incorporating APE into services, games, and other projects.

ApeCoin Coin Price Chart    

CoinMarketCap, July 15, 2024

APE Coin Price History Highlights 

• 2022: ApeCoin was launched in March 2022. When APE went public on March 17, 2022, it opened for trading at $7.26. In May, it reached its all-time high of $39.4.
• 2023: During 2023, the coin’s price fluctuated, dropping from approximately $6.5 to $1.5 by the end of the year.
• 2024: During the short bull run in March 2024, APE reached $2.4268. At the moment, its price fluctuates between $0.07 and $0.08.

ApeCoin Price Prediction 2024, 2025, 2030-2040

APE Coin Price Prediction 2024

DigitalCoinPrice experts expect that in 2024 ApeCoin coin’s price might go as high as $1.59 (+116%), while at its lowest point it can drop to $0.65 (-11%).

PricePrediction experts expect that in 2024 ApeCoin’s price might rise. According to their calculations, ApeCoin’s price might go as low as $1.35 (+84%), while at its peak it can reach $1.53 (+108%).

Telegaon crypto experts anticipate that in 2024 ApeCoin will rise in price: to a minimum of $1.11 (+51%). According to them, APE is also supposed to reach $3.19 (+335%) at its peak.

ApeCoin Price Prediction 2025

Based on the predictions of experts at DigitalCoinPrice, in 2025, ApeCoin might reach $1.89 (+157%) per coin at its highest point. Its lowest price might drop to $1.56 (+112%).

According to PricePrediction, in 2025 APE crypto will trade at a price level of $1.93 (+163%) at its lowest point, while it can also reach $2.36 (+221%) at its peak.

Telegaon experts think that in 2025 ApeCoin might get closer to the $3 mark: it can reach $7.13 (+872%) per coin at its highest point. Its lowest price might drop to $3.27 (+345%).

ApeCoin Price Prediction 2030

DigitalCoinPrice analysts think that by 2030, ApeCoin coin will rise even higher: its maximum price level is set at $5.44 (+641%), while at its low it can drop to $4.91 (+569%).

According to PricePrediction experts, by 2030 ApeCoin coin will hit a minimum of $12.66 (+1,626%), while at its highest point it’s going to rise to $14.91 (+1,933%).

Telegaon experts believe that ApeCoin will continue rising in price: according to them, in 2030 ApeCoin has the potential to reach a maximum price of $36.13 (+4,827%) per coin, while at its bottom it can hit $30.88 (+4,111%).

ApeCoin Price Prediction 2040

PricePrediction believes that by 2040, ApeCoin crypto is going to reach astounding price levels: a whopping $673 (+91,734%) at its low and $827 (+112,728%) per coin at its peak.

Telegaon crypto analysts think that in 2040 ApeCoin will trade at around $70 – $80: it will drop to a minimum of $73.6 (+9,931%). It can also soar to a maximum of $86.9 (+11,755%).

APE Coin Price Prediction: Experts’ Opinions

It is true that, even though the NTFs of the Bored Ape Yacht Club is a fun collection, the token’s technological growth is evident. In addition, many analysts are of the opinion that, even though the floor price of Bored Ape Yacht Club is down at the moment, a more sophisticated understanding of floor price, rare characteristics, and cultural relevance is needed to assess the worth of a specific NFT within the collection.

Industry analysts claim that there are numerous aspects that determine an NFT’s value. The floor price is the most accurate indicator of the worth of the most fundamental NFTs in a collection. Then there is the price of Ethereum, which is subject to significant daily fluctuations. However, specific elements such as cultural relevance, rarity ranking, and the fame of the person who actually purchased it, may it be Justin Bieber or Snoop Dogg, can influence a particular NFT’s price and relevance.

All in all, crypto experts believe that, keeping these factors in mind, ApeCoin can ultimately become a prominent player on the crypto market. For instance, CoinMarketCap believes that, given the favorable conditions on the market and the development of this project, by 2030 APE token can reach a maximum of $34.

ApeCoin USDT Price Technical Analysis     

Tradingview, July 15, 2024

Now that we’ve seen possible price predictions for ApeCoin, let’s find out a bit more about the factors that can influence its price.

What Does the Price of ApeCoin Depend On?

ApeCoin’s value is influenced by the overall market developments. If the complete cryptocurrency market experiences a bull run, ApeCoin is likely to benefit from it as properly. Moreover, investor speculation and trading volume play a vital role in ApeCoin’s price. Higher trading volumes and increased investor curiosity can lead to price surges, while low volumes can lead to price drops.

Additionally, celebrity endorsements have a huge impact on the value of ApeCoin. Positive news, such as a famous person purchasing or flaunting one of the NFTs from the popular collection, may lead to further increases in price.

When assessing ApeCoin as an investment, keep the following considerations in mind:

• Supply and demand;
• Technological improvements;
• Economical factors;
• Market trends;
• Celebrity endorsements;
• Long-term vision;
• Partnerships;
• Competition;
• Investor speculation.

Risks and Opportunities

Investing in ApeCoin comes with a number of risks. One could argue that its decentralized design and privacy characteristics will make it more appealing to consumers, increasing its market value. Given the inherent volatility of the digital currency market and the anonymity of its inventors, investors should exercise caution when evaluating the risks involved.

It is also true, though, that celebrities like Eminem and Justin Bieber bought Bored Ape’s NFTs, and some celebrities remain their proud owners despite the market downturn. Crucially, the APE Foundation is referred to by ApeCoin as the token’s ‘steward.’ It’s still unclear, though, if the NFT market is going to expand in the future.

Is ApeCoin Still a Good Investment?

It is true that high-risk investments like ApeCoin have the potential to yield enormous profits. It is realistic to anticipate that if the BAYC ecosystem continues to effectively flourish, investor demand for APE will increase given the popularity of BAYC and the high demand from price-insensitive investors like athletes and celebrities.

Will ApeCoin Reach $1000?

At the moment this is not feasible, however, with time, ApeCoin might reach a significant price level.

How High Will APE Go?

According to PricePrediction experts, APE can reach a maximum of $827 in 2040.

How Much Is ApeCoin Worth in 2024?

According to DigitalCoinPrice, in 2024 ApeCoin can go as high as $1.6.

How Much Will ApeCoin Be Worth in 2025?

PricePrediction experts estimate the highest price of ApeCoin in 2025 to be $2.36.

How Much Is ApeCoin Worth in 2030?

PricePrediction analysts anticipate that in 2030, ApeCoin is going to reach $14.9 at its peak.

What Will ApeCoin Price Be in 2040?

Telegaon experts think that in 2040 ApeCoin will hit $86.9 at its peak.

How Much is ApeCoin Worth in 2050?

According to PricePrediction, in 2050 ApeCoin will reach $1,145 at its highest point.

Is There a Future for ApeCoin?

The coin’s design implies that it might be useful in the future even despite its tight connection to NFTs. Since token holders govern the ApeCoin DAO, they are also the ones who can influence the project’s future development, along with many other factors.

Is It Good to Buy ApeCoin?

It depends on your personal risk tolerance as an investor. It could be a good buy if you believe in the future of NFTs and BAYC and the token’s value and use cases.

Who Invested in ApeCoin?

Andreessen Horowitz, Animoca Brands, and other partners that helped with the ApeCoin launch received 14% of the total airdropped tokens. Moreover, Animoca Ventures and Northbund Capital (HongKong) are some of the big investors in the project.

Conclusion

The idea behind ApeCoin is to integrate Web3, internet culture, and NFTs with the physical world. APE crypto payments and rewards systems are integrated into a library of Play-to-Earn (P2E) games that Yuga Labs and gaming business Animoca Brands are developing for the internet. And even though Apecoin’s future is hard to predict – just like with any cryptocurrency, it exhibits promise as a result of its distinctive traits and effective community support.

Where to Buy ApeCoin?

StealthEX is here to help you buy ApeCoin (APE) if you’re looking for a way to invest in this cryptocurrency. You can buy APE tokens privately and without the need to sign up for the service. StealthEX crypto collection has more than 1500 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy APE Coin: Quick-Step Guide

Just go to StealthEX and follow these easy steps:

• Choose the pair and the amount you want to exchange — for instance, ETH to APE. 
• Press the “Start exchange” button.
• Provide the recipient address to transfer your crypto to.
• Process the transaction.
• Receive your crypto coins.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.