ApeCoin Price Prediction 2024 – 2030: How High Can Ape Go

Many investors today are curious about the ApeCoin price prediction and how it could perform, as this crypto is gaining popularity.

If you’re wondering how high ApeCoin can go and whether it’s a smart investment, read on for a detailed price forecast and answers to your questions.

ApeCoin – Latest News

Below is a quick summary of the latest updates surrounding this cryptocurrency.

• Following the correction of Silvergate, a global crypto bank, ApeCoin, and the overall crypto markets have traded downwards. APE corrected considerably over the past weeks.
• ApeCoin is in a sell zone according to the 1-week timeframe of TradingView. This indicates that the token may face further correction in the short term.
• This cryptocurrency is currently trading at about $1.60, and it is up %15.17 in the last seven days.

ApeCoin Price History

Before you rush in and buy ApeCoin, it’s wise to understand what the coin is and how it works.

Put simply, ApeCoin is an ERC-20 token designed for governance and utility. Hosted on the Ethereum blockchain, ApeCoin was created and launched by ApeCoin DAO – a decentralized autonomous organization with the sole goal of growing the coin in the coming years.

This is where things can become a little confusing, as ApeCoin is also the ‘official’ token of the Bored Ape Yacht Club NFT collection. However, contrary to popular belief, ApeCoin was not created by Yuga Labs, the parent company of the NFT collection. Though it could be due to regulatory concerns, it’s unclear why Yuga Labs has distanced itself from ApeCoin’s creation.

There is a maximum supply of 1 billion APE tokens, with around 368 million circulating. The current ApeCoin price gives the token a market cap of $590 million and ranks it 79th crypto globally.

Given the hype around Bored Ape Yacht Club NFTs and the celebrity connection to that project, it is likely that ApeCoin would pump in another NFT bull run, although there is currently limited utility.

But what does ApeCoin do? Firstly, ApeCoin was distributed to Bored Ape Yacht Club holders and Mutant Ape Yacht Club NFTs as a ‘reward’ for ownership. Owners of original Bored Apes received 10,094 tokens, which equates to nearly $16,150 at current prices. A total of 15% of APE tokens will be allocated to NFT holders, with 47% given to the DAO to grow the project in the years ahead.

For non-NFT holders, ApeCoin can be obtained from many of the best crypto exchanges and used as a payment method. Furthermore, since APE is the governance token of the DAO, token holders will also be able to vote on proposals from other community members.

The ApeCoin stock price debuted at $5 on March 17 and immediately surged over 250% within its first 48 hours of trading.

After a few sideways weeks, the project again pumped in early May, reaching its all-time high of around $25.

Like much of the rest of the market, APE struggled in 2022. However, APE increased from $4 in December 2022 to $6 in January 2023. One of the reasons for the price jump could be the release of ApeCoin’s staking mechanism, which went live on December 12th, 2022.

Since then, the token has plunged to a current price of $1.60.

Here is a summary of the key points concerning ApeCoin that we’ve covered thus far:

• Created by ApeCoin DAO – not by Yuga Labs.
• Acts as the ‘official’ token of the Bored Ape Yacht Club NFT collection.
• It was distributed to NFT holders as a reward, with the remaining tokens given to the DAO and other launch contributors.
• Began trading on centralized exchanges on March 17 and immediately surged 250%.
• Reached an all-time high of $24.07 on April 30
• It dipped below $10 on May 9 – has not been above $8 since
• APE Staking mechanism went live in December 2022
• APE is currently priced at $1.60.

ApeCoin Price Prediction December 2024

Given the media attention that ApeCoin has generated, this token could have been one of the hottest cryptos to buy in 2024.

Like with all new token listings, making reliable forecasts based on technical analysis is challenging due to price still creating structure. However, we can still make some forecasts using information about the project and its upcoming use cases.

As discussed earlier, ApeCoin’s primary use case is as a decentralized payment method. The ApeCoin community supports web3, suggesting the project may see increased decentralized development in the future

The specific projects that ApeCoin intends to partner with are currently unclear, although there are rumors that the token may become integrated with various blockchain-based games.

Benji Bananas, a popular play-to-earn (P2E) mobile game, has adopted APE and enabled users to earn the token through skilled gameplay. Although this is just one example of ApeCoin’s utility, it does pave the way for similar use cases in the future.

With the release of the ApeCoin staking mechanism in December 2022, APE is slowly offering more use cases to token holders. After a sluggish 2022, APE seems to have picked up the pace in 2023 and has increased by more than 45%.

However, with the ongoing crypto winter and bad macroeconomic conditions affecting all coins, APE is unlikely to reach much further than $1.8 by the end of December.

ApeCoin Price Prediction 2024

For ApeCoin to be considered one of the most searched cryptos, it would need to create some use cases that help steer the token away from being simply a ‘meme coin’.

This could be difficult, especially given its close link to the NFT space. However, the coin’s structure hints that it may have real-world utility in the months and years ahead.

Since token holders govern the ApeCoin DAO, there is limitless potential for what ApeCoin could be. The official ApeCoin forum has already agreed on staking and token distribution.

As time passes, further suggestions will likely spring up from community members that could positively impact the token’s price prospects. Aside from the governance and game-integration aspects that we have touched on, ApeCoin can also be used to pay merchants.

The APE price in 2024 can also be affected by the overall cryptocurrency performance. If the cryptocurrency markets gear up for another bull run, we can see APE soar comfortably to the $3.12 mark. This would represent a 2x price jump from current levels.

ApeCoin Price Prediction 2025

The decentralized autonomous organization is one of the main aspects that ApeCoin is working on. The project’s DAO will be crucial for policy-making and mapping the ecosystem’s future in the medium term. Recently, ApeCoin made progress after finalizing its Special Council Elections.

The elections elected five members who will be responsible for shaping the future of this ecosystem. Furthermore, analysts are bullish on the price of APE in 2025.

If the overall market sentiment is positive, we can see APE rising to $4.38 by the end of 2025.

ApeCoin Price Forecast Long Term Outlook – 2030 Prediction

ApeCoin’s success may become more apparent over the longer term once the coin solidifies a reputation for utility rather than speculation. One avenue that the ApeCoin DAO looks likely to explore is entering the metaverse.

This is already happening with Yuga Labs previously releasing ‘The Otherside’ and teasing other upcoming projects.

Furthermore, Bored Ape Yacht Club NFTs have massive celebrity and investor backing, who are vested in making APE successful given their vast holdings.

Retail investors could jump on board if high-profile holders shill the project.

If NFTs continue to gain in popularity and Bored Apes remain at the forefront of the space, it would allow ApeCoin to become one of the best metaverse coins.

If this sequence of events passes, it will significantly bolster ApeCoin’s utility and remove any associations with other non-functional meme coins.

Thus, our ApeCoin price prediction for 2030 estimates the coin could reach $25.86 unless there is a major bull run on GameFi and NFT projects, in which case it could go higher. Since APE is still a new token, many risks are still associated with investing in this project. Thus, we have estimated a potential low of $22.50 by the end of 2030.

Potential Highs & Lows of ApeCoin

Today, the ApeCoin price is down 27.5% from its launch price, which isn’t as bad in that time frame as some other projects, hinting there is still some confidence in the Bored Ape ecosystem.

However, as people who invest in Bitcoin will know, crypto prices can be notoriously volatile, especially those newly listed on exchanges.

Although price data is currently limited, our research for this ApeCoin price prediction has helped inform potential highs and lows that the token could experience in the years ahead.

This information should be helpful to speculative investors who are keen to note areas of interest on the price chart.

What is ApeCoin Used For?

Now that you have a firm grasp of how ApeCoin came to be let’s take a closer look at the coin’s use cases:

Payment Method

As touched on, ApeCoin is designed similarly to other Web 3.0 coins in that it can be used to conduct decentralized payments. Due to the pervasiveness of ERC-20 tokens, ApeCoin can theoretically be accepted by an abundance of merchants – which isn’t the case for tokens from smaller blockchains.

Governance Token

ApeCoin DAO, the company behind ApeCoin, is governed by the token’s holders. As such, community members put forward proposals and then vote on them by APE owners. This creates a clear incentive to own the token and will be one of the main drivers of demand going forward.

NFT Rewards

NFT holders were rewarded with free APE tokens, receiving value without cost. While they could instantly convert the tokens to fiat, many holders may have chosen to keep them, considering the potential future value of APE.

Metaverse Integration

Finally, the upcoming release of ‘The Otherside’ has fuelled rumors that ApeCoin may be integrated into this metaverse. Like other metaverse tokens, this could mean that APE will be used as a transactional token on The Otherside’s marketplace. Furthermore, APE may also reward players if this metaverse incorporates P2E elements – although this is merely speculation. 

Staking

The Bored Ape community agreed on a staking mechanism, which went live on December 12th, 2022. Within 24 hours of the release of the staking mechanism, more than $32 million worth of APE was staked. An estimated $100 million worth of APE will likely be released as rewards through the staking pools. Along with APE, the staking mechanism lets users generate a yield by staking NFTs such as BAYC and MAYC.

What Drives the Price of ApeCoin?

The ApeCoin price chart already shows clear upward momentum in the token’s price, driven by numerous factors. Let’s take a look at three of the main elements that are contributing to APE’s bullish surge:

The Popularity of Bored Ape Yacht Club

Those who invest in NFTs will undoubtedly have heard of Bored Ape Yacht Club, the collection that popularized ape-based art. This collection has become so ingrained in the media that numerous celebrities (such as Eminem and Logan Paul) have purchased Bored Apes. Ultimately, this mass appeal will positively impact ApeCoin – even though the same company does not create the two projects.

Listing on Major Exchanges

One of the main factors helping push ApeCoin higher is that the coin has already been listed on numerous major exchanges. This is quite a feat, as many centralized exchanges have high barriers to entry, which are difficult for new projects to meet. ApeCoin and other cryptocurrencies can be purchased on Binance, Huobi, Coinbase, KuCoin, and more.

Overall Market Sentiment

Finally, as tends to be the case with smaller coins, ApeCoin will likely follow the overall market trend until it finds its feet. Investor sentiment seems to be turning positive once more, helping push BTC (and other cryptos) higher. This positive sentiment will indirectly affect APE’s price as more liquidity flows into the crypto market.

To protect your capital against price volatility, you can earn interest on ApeCoin while holding it.

ApeCoin Video Analysis

ApeCoin Price Prediction – Conclusion

In conclusion, this guide has discussed our ApeCoin price prediction for the months and years ahead, touching on the coin’s use cases and value potential and addressing whether ApeCoin is a good investment.

Although the token’s utility is limited, there’s undoubtedly scope for this to change – which would help drive the APE price higher over the longer term – while the massive interest and hype around the Bored Ape community will likely keep the coin relevant well into the future.

Alternatively, we recommend looking at Meme Kombat – a new crypto-gaming project boasting a unique AI-powered battle arena concept.

Meme Kombat – Revolutionizing P2E with Blockchain and AI Fusion

A leading example of innovation in the crypto gaming industry, Meme Kombat expertly merges the vibrant world of memes with thrilling battle arenas.

Launched this year, the platform and its unique play-to-earn (P2E) premise set it apart from other potential crypto projects.

In Meme Kombat, meme avatars modelled after well-known meme coins like Dogecoin and Shiba Inu fight spectacular bouts in AI-powered battlegrounds. Players can stake the native cryptocurrency token $MK to engage in battles as active participants and place bets on their selected avatars. Rewards earned are contingent on the outcomes.

There are 12,000,000 $MK tokens in total and 50% are available for presale. Around 30% are allocated to crypto staking rewards, while 10% goes to exchange liquidity and community rewards.

Why Invest in Meme Kombat?

The Meme Kombat platform suits active bettors and crypto enthusiasts seeking passive income opportunities through staking. Combining innovative gaming features into Web3 and Metaverse attracts gamers and investors alike.

The virtual ecosystem allows investors to earn from successful stakes in a transparent and tamper-free environment enabled by the Ethereum network. This is the right time to participate in the Web3 ecosystem and explore stake-to-earn possibilities with Meme Kombat.

They can start staking immediately to earn significant passive income before the project’s full launch. Meme Kombat is eyeing an upcoming exchange listing and full launch soon, making it a potentially beneficial investment in the times to come.

Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.

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