Prime Ape Planet NFT Price Analysis – 2022 Price Predictions

Non-fungible tokens have been around since 2015, although it’s only in 2021 they have really blown up. Holding an NFT is like holding a real-life piece of art, only, all transactions are stored on the blockchain, and you can earn certain rights and rewards from being part of NFT communities.

With the hype building, hundreds of projects have been launching every week. However, a number of these have turned out to be rug pulls or frauds, which makes the NFT space a pretty hard space to navigate around.

In this article, we’ll take a closer look at Prime Ape Planet NFTs, including their price, price predictions for 2022, user benefits, floor price, and more. We’ll also take a look at the hottest NFT we’re backing this year.

What are Prime Ape Planet NFTs?

Owning an NFT gives users the rights to the digital art, and makes them part of a digital community of other investors in that project. Prime Ape Planet is no different in this respect.

The project was created by three leading digital designers, Kurtis Dawe, Travis Smith, and Chris Hogstead. All have worked on Hollywood visual effects and costumes for over a decade, explaining the high-quality level of artwork in Prime Ape NFTs.

Since the Prime Apes project minted – which sold out in 30 minutes –  over $84 million has been traded, equal to over 25k Ethereum. The project has amassed 420k members on its discord, which is where investors come together and chat, compete for whitelist spots, and receive news from the developers.

Cryptoassets are a highly volatile unregulated investment product. 

How many Prime Ape Planet are there?

There are 7,684 Prime Apes and each one is constructed of highly detailed individual characteristics. Hence, they are all unique – which is a pretty cool feature for holders.

There are a number of different features which build an Ape. These comprise of accessories, clothing, earrings, emotion, eyes, glasses, hat, jacket, mouth props, necklace, nose, skin, and teeth. With each of these options usually having a sub-option with up to 10 other characteristics, it’s easy to see how differentiated each Prime Ape NFT can be.

Each characteristic has varying rarities, and this is what decides the ape’s overall rarity (which usually decides its value). For example, only 26 apes in the whole collection have a Samurai hat, hence making it an extremely rare trait. In fact, this trait is so rare, that the cheapest Samurai hat Ape is currently listed for 3.5 ETH.

Prime Ape Planet Collections

There is currently only one official Prime Ape Planet collection which is divided into sub-collections based on attributes as described above. However, the creators of Prime Ape Planet NFT have also created another ape-based project called Kong Planet. This is a similar collection, based on Gorillas instead of Apes.

Although there is only one current collection of Prime Ape planet, that’s not to say there won’t be another official collection released soon. For example, the popular Bored Ape Yacht Club released the Mutant Ape Yacht Club project in 2021, which was a twist on the original project’s art. These sub-projects tend to have slightly less value than the mother project, however, with the price of Prime Ape Planet being so high, a sub-project could generate significant hype were it to be released.

Prime Ape Planet Price Now

Let’s now take a look at delving deeper into the actual price of the Prime Ape Planet NFT. We will take a look at the floor price, as well as some of the recent notable sales from the collection.

Prime Ape Planet Floor Price

The current Prime Ape Floor price is 0.68 ETH. Over the last 28 days, the average price equates to around 2.1 ETH, highlighting the extremely high popularity of the project. Upon the initial release of the project, the NFTs were trading at highs of almost 4ETH on average.

According to Mintalytics, the price highest floor price that Prime Ape Planet reached was 2.99 ETH and the lowest was 0.59 ETH. This could signal a great buying opportunity at the current low floor price of 0.69. For context, the average floor price of the project evens out to be around the 1.4 ETH mark.

Prime Ape Planet Price Chart

Prime Ape Planet NFT Analysis

Let’s now take a closer look at the different parts of the Prime Ape Planet NFT project which make it an appealing investment. For reference, there are usually 3 main considerations NFT investors should note before they become involved in an NFT project.

1. Community – If the project has built up a substantial following on Discord, Twitter, and other social media outlets, then it will likely have built some hype. This hype is what draws investors in to minting the project and driving up the price on the secondary market.
2. Roadmap – The roadmap is where the real-world utility of the project lies. A roadmap is essentially a forward-looking plan that highlights the project’s plans to move forward. In the roadmap, potential investors can glean if the project yields valuable utility, which may drive up the NFT project’s floor price in the future.

Prime Ape Community

Prime Ape Planet built up a huge following before it minted. The most important social outlet to consider is Discord, and Prime Ape built up a whopping 420k members on its server, which is a huge amount for NFT projects. For context, Bored Ape Yacht Club has 145k members in its channel.

Prime Ape also built up a huge Twitter following of over 70k. This has undoubtedly played to the strength of the project, highlighted by the huge interest it has received from investors. What’s more, on Instagram, a slightly lesser-used platform for NFTs, it has almost 100k followers.

There are also a number of celebrities who have endorsed the project. This is great as it gives it validity and inspires people to want to hold the project alongside their idols. Some famous celebs who have bought Prime Ape NFT include Sarah Vanelst, Stefano Lepri, and Ryan Cameron.

Artwork

Although it may not seem like an important consideration, the quality of the artwork of a project can really draw in or kick back potential investors. Regarding Prime Ape Club, the quality of the artwork is top tier when it comes to the NFT space. In addition to this, the high amount of character traits makes each NFT highly distinguishable and unique, which adds to the visual value of the pieces.

This is to be expected from the project, as the developers have wide experience in the visual design space, acting as lead designers for some of Hollywood’s top movies and TV series. If future collections are released, we can expect the same high quality of the artwork, which should draw in investors yet again.

Doxxed developers

On the topic of developers, one point to note about the project is the developers are doxxed. What this means is they are publicly known and engage with the community. This may not sound like a big deal, but it adds huge validity to the project and gives potential investors peace of mind that it isn’t a rug pull or fraudulent operation. A rug pull is when a project mints, saying it is going to complete a certain roadmap but then never fulfills this, whilst the developers pocket the funds raised (hence ‘pulling the rug’ from investors).

Roadmap

The Prime Ape roadmap is actually pretty exciting. The first cool feature is the ‘poisoned bananas’ that ape holders gain access to. What this essentially will do is mutate the apes into a subsequent NFT (most likely), with the same original traits. However, these traits will look different and ‘mutated’. This was what the Bored Ape Yacht Club did with their Mutant Apes, and they experienced huge success, with the current floor price sitting at 14.8 ETH.

Another awesome point that Prime Ape Planet has on its roadmap is an exclusive member-only event for holders. This adds huge utility to the project as it really builds a sense of community amongst the holders. It’s also a fun event for users to look forward to and hence they may be dismayed from selling their Ape NFT.

A final point on the roadmap which may excite investors is the fact that the Prime Ape Planet project has donated $50,000 dollars to the International Fund of Animal Welfare. They have also announced that they are in talks with other organizations to try and promote animal welfare. This is great as increasing ESG concerns have really come to the forefront of investors’ minds as of recent. A project that harnesses this momentum could do very well in the long run.

Why is Prime Ape Planet so expensive?

The main reason why Prime Ape planet is so expensive is due to a combination of the elements discussed above. Firstly, it has a strong community, secondly the artwork is exceptionally detailed, and thirdly, the roadmap is very exciting. When these elements come together in any NFT project, they tend to create high value NFTs. Once these NFTs start to gain traction and sell for high prices on the market, investors are drawn into the project, and it tends to snowball from there.

Although the current price of Prime Ape Planet may seem high, it’s one of the cheapest it has ever been. If the project announces some new exciting news to the community, it could easily shoot up to the multiple ETH level it was a few months ago. Therefore, now might actually be a good time to buy into the project.

Most Expensive Prime Ape Planet out there

The most expensive Prime Ape Planet that is currently listed as ‘Buy Now’ on OpenSea is 666666 ETH which equates to around £1.3bn dollars. Although this is the highest listed item, it is highly unlikely anyone will pay that much for such an item. However, one notable purchase from OpenSea was of Prime Ape Planet #4279 which was brought for 69 ETH 2 months ago. At today’s price of ETH, this translates to around £136,000 – an astounding sum. That being said, it is the 5^th rarest item in the whole collection and hence one would expect it to carry huge value. It is currently listed on OpenSea for 95ETH, or around $250,000.

Whilst the floor price hovers around the 0.6/0.7 ETH level, it is very common for apes to sell for 1 ETH or above on the secondary market. For example, Prime Ape Planet #697 sold for 1 ETH just 21 hours ago.

Prime Ape Planet Rarity

As mentioned above, the rarity of the apes is calculated by the different traits that they have. There are also some 1 of 1 apes which are apes that have completely individual characteristics. For example, the joker ape above is a 1 of 1 ape, and hence its price is extremely high.

Another extremely rare trait that some apes have is black wings. There are only 154 of these apes in the entire collection and they have been very sought after. The current lowest price of a black-winged ape is 1.69 ETH. As seen below, this price quickly escalates to over the 3 ETH level, making it a great trait to have.

Most of the other apes have tonnes of other traits which can be explored on Opensea by using the filtering options. At current, most of the super rare apes aren’t available to purchase, as the holders haven’t listed them. For example, out of the 7900 items, there are only 695 items currently listed for sale. This highlights the strength of the community as they are most likely holding for long-term growth.

How to Buy Prime Ape Planet NFTs

In order to buy a Prime Ape Planet, you need to have a wallet with Ethereum crypto in it. To have this, you must sign up to a wallet. We recommend using eToro Wallet, as it allows you to hold multiple cryptos, it is highly secure, and you can have it on multiple devices.

Let’s now take a step-by-step look at how you can buy Prime Ape Planet.

Step 1: Set up an eToro account

The first step is to set up an eToro account. To do this simply visit the eToro website and enter some personal information. It is worth noting that now, in the US, eToro customers can trade only Bitcoin, Bitcoin cash, and Ethereum on the platform.

Step 2: Verify your eToro account and add funds

Now you have set up an account, you must verify it in order to add funds. To do this, simply provide eToro with some valid forms of ID. eToro aims to have these verified within minutes. Once you have verified your account, you can fund it via a number of different payment methods. These include debit/credit cards, bank transfers, and e-wallets such as PayPal and Skrill.

Step 3: Buy Ethereum

Now you have a funded account, you can buy Ethereum. To do this, navigate to the Search bar and type in Ethereum. Then select it and highlight the amount of ETH you would like to buy. This will then be added to your account and is ready to use to buy NFTs.

Step 4: Connect your wallet to an NFT Marketplace

You can now connect your wallet to a marketplace such as OpenSea using WalletConnect. To do this, visit the OpenSea Website and click on the top-right account button. From here. Click the WalletConnect option and scan the QR code or enter your wallet address. This will connect your eToro wallet with OpenSea.

Step 5: Buy Prime Ape Planet NFTs

Now you have an NFT marketplace account, you can begin to trade NFTs using Ethereum from your eToro wallet. To do this, search for Prime Ape Planet on Opensea and choose which NFT you want to buy. You can either submit an offer or purchase a Buy Now NFT from either collection. You can use the filtering tools on the right to check the rarity and filter for the attributes you would like.

Cryptoassets are a highly volatile unregulated investment product. 

Where to Buy Prime Ape Planet NFTs

OpenSea is the world’s largest NFT marketplace and is currently the only place where you can buy Prime Ape Planet NFTs. Being the world’s largest marketplace, it has high levels of users, liquidity, and safety, making it a great option for buying and selling. In addition to this, pretty much all major projects are listed on OpenSea exclusively, including Bored Ape Yacht Club, Veefriends, and many more.

Although OpenSea is arguably the best NFT marketplace, it does have some limitations. For example, it has extremely high gas fees when buying and selling items during busy periods. A gas fee is the reward given to miners for putting transactions in the blockchain, or executing transactions, and comes in the form of payment on top of your buy price, or a deduction from your sell price. During busy periods these fees can be upwards of $300 so it is important to remember this.

There are exchanges where gas fees aren’t a problem, however. For example, SolSea and Magic Eden use Solana instead of Ethereum to trade and therefore don’t pay gas fees. Although these exchanges do offer a cheaper option, there aren’t anywhere near as many ‘blue chip’ projects listed on them, which is where OpenSea really stands out. Binance also offers an NFT marketplace, where it uses its BNB Coin for transactions. There are gas fees, however, and the projects are also pretty low level and lack the same popularity that OpenSea generates.

What’s Next for Prime Ape Planet?

As previously mentioned, the current price of Prime Ape Planet could be a great entry point, especially considering the extremely high floor price the project used to have. There is also excellent, constant liquidity on OpenSea. This shows that there is a real demand for NFTs which is a great point to consider if you are on the fence about investing.

In addition to this, the highly encouraging roadmap of the project could help push up the price in the future. The next big thing in the roadmap is the poisoned bananas, which will likely create a new set of NFTs for investors with different traits to their original Prime Apes. There is also an expected collaboration with a famous fashion brand. Whilst the brand has not been announced exact brand as of yet, this could significantly help push the project to new audiences and drive up the price in the process.

The above points seem to paint a bright future for Prime Ape Planet, especially when coupled with the high-quality artwork and strong community. Whilst future returns are not guaranteed, it does seem like the project could rise again in the future. This will likely be dependent on the wider movements of crypto/NFT markets.

Is Prime Ape Planet the Best NFT to Buy in 2022?

Given the information presented up until this point, it’s clear to see that Prime Ape Planet could have exceptional value potential within the market over the long term. Having said that, other NFT collections are launching soon with excellent prospects and incredible social media hype. One of these is the Lucky Block Platinum Rollers Club collection, set to drop in the next week – we rank this as the best NFT to buy right now.

Lucky Block is one of the best altcoins on the market right now, offering an innovative take on traditional lottery systems. However, Lucky Block’s upcoming collection of 10,000 NFTs has also caught the attention of investors, as each NFT within the collection will act as an ‘entry ticket’ to Lucky Block’s daily NFT prize draws. These draws are run separately from Lucky Block’s lottery draws and will offer an average jackpot of $10,000 per day to one lucky winner.

Within the Platinum Rollers Club collection are 25 ‘Rare Edition’ NFTs, each enabling the owner to double their prize if they win one of the daily jackpots. The Lucky Block NFTs will shortly be available to mint for $1,500, which has caught the attention of the 42,000+ members of Lucky Block’s Telegram group. Given that LBLOCK, Lucky Block’s native token, saw a price increase of over 3,200% in its first few weeks of listing on PancakeSwap, there’s scope for these NFTs to showcase huge value growth in the secondary market.

As noted above, the Platinum Rollers Club collection is set to drop this week, so all eyes will be on Lucky Block’s Telegram group and social media channels ahead of the announcement. Ultimately, the fact that Lucky Block already has a community of over 43,000 unique token holders implies that this NFT collection could sell out rapidly – so investors will have to be quick to get their hands on these valuable assets.

Cryptoassets are a highly volatile unregulated investment product. 

Conclusion

In conclusion, Prime Ape Planet NFTs have already showcased exceptional value potential, given the impressive community backing that they have developed. The project’s roadmap also hints at some exciting plans in the works, ensuring long-term price appreciation for this popular collection.

However, the NFT collection that we are most excited about is the Platinum Rollers Club collection by Lucky Block. This collection of 10,000 NFTs is set to drop within the next week, allowing holders to enter lucrative daily prize draws.

Due to the incredible success of Lucky Block up until this point, there is already a significant buzz around this NFT collection – so these assets will likely sell out fast. If you’re interested in this collection, click the link below to join the Lucky Block Telegram group and learn more about the upcoming NFT drop.

Cryptoassets are a highly volatile unregulated investment product. 

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