The Bored Ape Yacht Club NFTs have captured widespread attention, as many big names now possess these digital assets. With the recent introduction of ApeCoin, another crypto tied to the concept of apes, the crypto market gains a potentially significant addition. With that in mind, this guide delves into in-depth ApeCoin price predictions for 2023-2030.
What is ApeCoin (APE)?
ApeCoin (APE) is a utility and governance token designed to empower the community within the APE ecosystem, which originated from the famous Bored Ape Yacht Club (BAYC). BAYC consists of a collection of 10,000 unique ape NFTs that gained immense popularity during the NFT boom in 2021. Some rare Apes were sold for staggering amounts, reaching hundreds of millions.
The widespread appeal of BAYC led to notable figures purchasing Bored Ape NFTs to use as profile pictures on social media, further enhancing the cult-like status of Bored Apes as profile picture (PFP) NFTs. However, Bored Ape Yacht Club and its parent company, Yuga Labs, faced controversies and challenges, including allegations of racist imagery and an investigation by the SEC for possible violations of securities laws.
Launched on March 17, 2022, by the APE Foundation as an ERC-20 token, ApeCoin serves multiple purposes. It allows token holders to actively participate in the decision-making process of the APE ecosystem through the ApeCoin DAO. The token also acts as a currency within the ecosystem and incentivises third-party developers to create applications that integrate ApeCoin.
Cryptocurrencies like ApeCoin are decentralised digital assets that often indicate a particular crypto project’s success. Investors acquire these tokens with the expectation of future value appreciation. However, it is essential to note that cryptocurrencies are considered high-risk assets, and any investment in this market should be preceded by thorough research into the specific coin you intend to buy.
Significant Updates on ApeCoin
Forj Launches $APE Accelerator to Advance ApeCoin Ecosystem
Forj, a subsidiary of Animoca Brands, has initiated the application process for the first round of the $APE Accelerator, a program designed to propel the ApeCoin ecosystem forward. This community-centric Web3 platform, funded by the ApeCoin DAO, aims to nurture projects that enhance the utility and value of ApeCoin.
Forj, recognized for its role in Web3 technologies, operates within various domains such as Music, Entertainment, and Gaming. As part of Animoca Brands, Forj has previously collaborated with prominent figures like Grammy-nominated musician Lewis Capaldi.
The launch of the $APE Accelerator provides an empowering platform for innovative Web3 projects to bring their ideas to life. Successful applicants will have the opportunity to present their concepts to the thriving ApeCoin community, which boasts over 200,000 members. This initiative follows the successful approval of AIP-209, a proposal sanctioned through the ApeCoin DAO’s Idea Proposal (AIP) system.
The primary goal of the $APE Accelerator is to strengthen the ApeCoin ecosystem by endorsing and financially supporting projects that enhance ApeCoin’s utility and value. APE token holders can back endorsed projects through the APE Launchpad, involving the acquisition of NFTs and other tokens. Moreover, token holders will have a role in approving project proposals through a voting mechanism.
ApeCoin Community Initiates ApeChain Development with Request for Proposals
In a significant move towards enhancing its ecosystem, the ApeCoin community has issued a Request for Proposals (RFP) for the development of ApeChain, a dedicated blockchain designed to scale the $APE token and foster the growth of the ApeCoin ecosystem.
The ApeCoin DAO, serving as the decentralised governance framework for the community, aims to streamline the selection process for the ApeChain developer through a structured RFP. ApeCoin, an ERC-20 token on the Ethereum blockchain, functions as a governance and utility token for Web3 projects, embodying a decentralised protocol layer for community-led initiatives within the metaverse.
The RFP outlines key considerations for potential ApeChain proponents, including scalability, upgradeability, security, tokenomics, ecosystem development, gaming support, and licensing. Proponents are encouraged to adhere to the AIP Draft Template and submit their proposals via the ApeCoin DAO Discourse by January 11, 2024.
The community will engage in a feedback period until January 31, 2024, followed by a DAO-wide vote on February 1, 2024, to select the winning ApeChain proposal. If needed, a second round of voting may be considered. The APE Foundation emphasises its commitment to transparency, with disclaimers acknowledging potential changes to the support nature for ApeChain based on future DAO decisions and updates to the RFP document.
This initiative marks a pivotal moment for the ApeCoin community as it actively shapes the future of its blockchain infrastructure.
ApeCoin Price History
As per CoinMarketCap, the maximum supply of APE tokens is 1 billion, with about 368 million tokens currently circulating. With its current price, ApeCoin boasts a market cap of $2.1 billion, positioning it as the 31st largest crypto globally. Upon its launch, ApeCoin experienced a surge in value; however, since May, it has not surpassed the $10 mark and has predominantly remained within the $4 to $6 range.
Considering the excitement surrounding Bored Ape Yacht Club NFTs, celebrity endorsem*nt, and its affiliation with that particular project, there is a possibility of ApeCoin experiencing another significant increase in value during a future NFT bull run, despite its current limited utility.
But what is the purpose of ApeCoin? Primarily, ApeCoin was distributed as a “reward” to holders of Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs. Owners of original Bored Apes received 10,094 tokens, equivalent to approximately $59,000 based on current prices. A portion of 15% of APE tokens will be allocated to NFT holders, while 47% will be designated to the DAO for the project’s expansion in the coming years.
ApeCoin can be acquired by non-NFT holders through various reputable cryptocurrency exchanges and used as a payment method. As APE serves as the governance token of the DAO, token holders can participate in voting on proposals presented by other community members.
The initial trading price of ApeCoin was set at $5 on March 17, and it quickly experienced a remarkable surge of over 250% within its first 48 hours of trading. Following a relatively stable movement, the project witnessed another significant increase in value in early May, reaching its all-time high of approximately $25.
Like many other market assets, APE encountered challenges in 2022. However, it grew from $4 in December 2022 to its current price of $5.8, marking a 45% increase. The introduction of ApeCoin’s staking mechanism on December 12, 2022, could be one of the factors contributing to this price rise.
However, APE experienced price volatility in the final week of January 2023. FXStreet reported a 7% decline in APE’s value on January 30th, bringing it down to $6.20 per token. Since then, the token has been corrected and is currently priced at $4.20.
ApeCoinForecastsby Crypto Experts
CoinCodex presents a mixed short-term price prediction for ApeCoin in 2023. The token could decline to $3.76 by January 16th before rising to $5.45 by February 11th. Surprisingly, their technical analysis leans towards bullish sentiment, with 20 indicators signalling positive trends compared to just five indicating bearish ones.
In their latest updates, Wallet Investor predicts a long-term price decline for ApeCoin. Their one-year forecast suggests a price of $15.789, and they anticipate the coin’s value to reach approximately $19.716 within the next five years.
According to Price Prediction forecasts, APE will have a minimum price of $26.37 and a maximum price of $31.89 in 2023. In 2027, APE’s projected minimum and maximum prices are $112.29 and $133.00, respectively. In 2030, APE’s minimum price is $509.77, at $621.15.
Digital Coin Prediction suggests that ApeCoin may surpass the $50 mark by the end of 2022. Over the next five years, they predict the price to reach $73. Specifically, their projections indicate that in 2023 ApeCoin will be valued at $55, followed by $45 in 2024, $60 in 2025, and $100 in 2030.
Considering these forecasts, ApeCoin’s performance in the coming years holds significant variability and potential for growth.
ApeCoin Price Predictions 2023-2030
ApeCoin has long-term solid investment performance potential. According to projections, the value of the APE coin is expected to reach $10 by the conclusion of 2022, further increasing to $14 in 2023 and potentially attaining a mean price of $22 by 2025.
ApeCoin Price Prediction 2023
The ApeCoin ecosystem is currently in a relatively quiet phase. However, industry insiders anticipate that the ecosystem will experience increased activity in the upcoming months. By 2023, its goals and aspirations are more apparent, attracting the interest of regular individuals who want to participate in the ecosystem.
We anticipate a growing demand for ApeCoin from retail investors and online users. Therefore, our ApeCoin price prediction for 2023 suggests that the coin could reach $15, reflecting a 200% increase from its current price.
One year may not be sufficient for ApeCoin to achieve widespread popularity as a cryptocurrency. While it has benefited from the association with The Bored Ape Yacht Club, its appeal extends beyond that. The minimum price should not fall below $8, while the maximum could reach around $17 per token.
ApeCoin Price Prediction 2024
There is a high probability that ApeCoin (APE) will experience a notable increase in 2024. The minimum price of ApeCoin could reach approximately $18, while the maximum price is expected to be around $21. The coin’s average price for the year is $16.65.
ApeCoin Price Prediction 2025 and Beyond
2025 could be a good year for ApeCoin, as it aims to establish an exciting ecosystem that propels advancements into the metaverse. Given Yuga Labs’ track record thus far, there are solid reasons to believe in their ability to create a thriving ApeCoin ecosystem.
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.
Assuming the ApeCoin network evolves as anticipated, the minimum price of APE in 2026 could be around $26.50, with the maximum price potentially reaching approximately $35. The average price for the year is expected to be approximately $30.85 per token.
ApeCoin Price Prediction 2030
There is a prevailing belief within the blockchain industry that cryptocurrencies will achieve mainstream adoption before 2030. The likelihood of this is increasing daily, and we are optimistic that it may happen even before 2030. In any case, the mainstream adoption of cryptocurrencies benefits all projects, including ApeCoin.
A promising ApeCoin price prediction for 2030 suggests that the highest price reached by APE is poised for an impressive trajectory, displaying substantial growth within the next eight years. The long-term ApeCoin price prediction indicates that this new coin will surprise its supporters by reaching $40 by 2030.
Suppose the industry progresses as we anticipate, and ApeCoin fulfils its potential. In that case, the value of APE in the next five to ten years will be significantly higher than its current price. The projected minimum price of APE in 2030 could be $23, while the maximum price could be approximately $58. The average price for the year is estimated to be around $40.06 per token.
Is ApeCoin a Good Investment?
ApeCoin is one of today’s digital market’s most captivating crypto projects. However, determining whether it is a good investment requires careful consideration.
While ApeCoin holds significant upside potential as a new project, it is still too early to gauge its future performance accurately. Industry experts are optimistic about the prospects of Yuga Labs, The Bored Ape Yacht Club, and ApeCoin DAO, but the certainty of their widespread success or potential failure remains unknown.
Given the price movements witnessed in the short period since ApeCoin’s introduction to cryptocurrency exchanges, viewing it as a high-risk investment with considerable potential for returns is prudent. While our predictions provide a hopeful outlook for advancing the ApeCoin ecosystem and increasing its value, it is essential to recognise that outcomes may differ from our projections.
ApeCoin can potentially yield profitable returns for investors who can navigate and capitalise on its current price fluctuations.
FAQs About ApeCoin (APE)
Is ApeCoin a profitable investment?
Determining the profitability of ApeCoin as an investment is challenging at this early stage. With a market presence of just two weeks, the digital coin has experienced notable price fluctuations. The current high price of APE adds to the uncertainty surrounding its future profitability. While our sentimental prediction suggests the potential for future profitability, it remains uncertain and subject to market dynamics. Continued monitoring and analysis will provide more clarity on whether ApeCoin can indeed become a profitable investment.
Is ApeCoin on Ethereum?
Indeed. ApeCoin is a project specifically developed on the Ethereum blockchain, using the ERC-20 standard for its native token, APE. This strategic decision aligns with the Ethereum foundation of the renowned NFT collection, Bored Ape Yacht Club (BAYC), an integral part of the ApeCoin ecosystem. By leveraging the Ethereum network, ApeCoin and its associated NFT collections benefit from substantial community exposure, capitalising on the vast Ethereum community and its established infrastructure.
Will ApeCoin (APE) reach $100?
Given the present value of APE and its recent fluctuations, APE can attain a price of $100. Our ApeCoin price prediction indicates that the highest foreseeable price for ApeCoin could surpass $100 by 2035. However, for APE tokens to reach $100, the previous all-time high or maximum price of $39.40 must be surpassed by 2029. Only if ApeCoin can exceed $50 by the end of 2030 can we anticipate it to reach as high as $100 by 2033.
What will ApeCoin be worth in 2030?
According to our ApeCoin price prediction model, the maximum price projection for APE by 2030 is $50.85. If APE can reach this level, it will surpass the previous all-time high price of $39.40. However, the last all-time high might pose a strong resistance. Crossing this level by 2029 will require a significant increase in NFT volumes and the continuation of the popularity surrounding Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC). These factors determine whether APE can break through and achieve new price milestones.
Where to buy ApeCoin (APE)?
ApeCoin has gained recognition as a leading NFT project and has become one of the most sought-after cryptocurrencies among investors in 2022. As a result, numerous crypto exchanges have listed this popular token since its launch in March. While several options are available, reputable cryptocurrency platforms and exchanges such as CoinSpot, Binance, and OKX are considered excellent choices for purchasing ApeCoin.
