Apecoin Price Prediction 2023-2030: Will Apecoin reach $100, $1000?
Latest Apecoin Price
Apecoin Price Performance in the last 12 months, June 8th
- Last 5 days: -6.4, Outperformer*
- Last Month:-18.5%, Underperformer
- Last 6 Months: -29.4%, Outperformer
- Last 12 Months: -48.8%, Underperformer
*Vs Mana, Axie Infinity
Apecoin Latest News
- ApeCoin is entering Phase 2 of the nomination process for the ApeCoin Foundation Special Council and Governance Working Group Steward candidates. Community members can engage with the nominees on the ApeCoin Discourse platform until June 11th.
- The cryptocurrency market is volatile, with Bitcoin and Apecoin facing uncertainty. Collateral Network disrupts the industry with its crowdlending platform, while Apecoin’s value declines. Bitcoin’s mining hashrate reaches new highs, indicating profitability and potential price impact.
Apecoin Price Prediction for the Next 6 Hours
Apecoin Price for the Next few Hours will be in the range of 2.2 and 2.7
Apecoin Technical Analysis, June 8th
- The MA5 is currently indicating a sell signal, suggesting that the short-term trend may be bearish.
- The RSI(14) is currently at 38.482, indicating a neutral signal. This suggests that the market was neither bullish nor bearish.
- The MACD(12,26) is currently at -0.150, indicating a sell signal. This suggests a slightly bearish momentum in the market.
- The MOM(10) is at -0.281, indicating a buy signal. This suggests that the market is in a bullish phase.
- The STOCHRSI a value of 59.554, suggests that the asset in neutral condition.
Thus, the overall technical analysis for Apecoin is Sell. Check out the Crowdwisdom360 Price Indicator (below) which is updated twice every day.
Apecoin Price Prediction Today: Buy or Sell
|Overall Outlook||Partially Bullish|
|1. Market's Wisdom||Bullish|
|1a. Market Data||Partially Bullish|
|1b. Technical Recommendation||Buy|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Steady|
|2b. Social Media Sentiment||Neutral|
Apecoin Latest Video
Apecoin Price Prediction: Is Apecoin a Good Investment?
ApeCoin is a Bored Ape Yacht Club-affiliated cryptocurrency based upon the ERC-20 blockchain. Apecoin brings a much-awaited governance aspect to the APE ecosystem. Amongst other things, ApeCoin represents a governance token (in other words, voting rights), giving ApeCoin holders a say in the project’s development and important decisions. As a way to show gratitude to its current community, ApeCoin decided to dedicate a portion of its reserve to Bored Apes or Mutant Apes NFT holders, rewarding them with free airdrops. The amount of the airdrop depended on the NFT’s rarity as well as the number of NFTs held by the person.
APECOIN serves multi-purpose work on the ecosystem.
- Coin holders can participate in the governance of the DAO to enable them to access exclusive features of the ecosystem, such as games, events, merchandise, and services.
- APECOIN is accepted by many merchants as it is a perpetual ERC-20 token.
- The coin is already in use as an NFT reward, and holders with BAYC receive free APE that they can cash in immediately.
- APECOIN is a utility token that can be used to purchase game products developed by the BAYC community.
- It works as third-party developers in the ecosystem by integrating APEs into games, projects, and other services.
- APE is adopted as an incentive for players in Benji Bananas, a play-to-earn mobile game developed by Animoca Brands. Benji Bananas offers a Membership Pass (‘Benji Pass’), an NFT that enables its owners to earn special tokens while playing Benji Bananas and will also allow those tokens to be swapped for Apecoin.
- AXIE INFINITY: – This is a popular game inspired by Pokemon. Where players can buy virtual assets and sell them for real money.
- DECENTRALAND: – Decentraland is a platform powered by blockchain technology that enables the development of augmented reality land where users can buy, sell, or rent land parcels stored as NFTs on the Ethereum (ETH) blockchain.
How is Apecoin Different?
- BAYC (the most expensive collection of NFTs) is behind APECOIN. Therefore, this coin has a good reputation from others because of the endorsement.
- A major competitive advantage of Apcoin is its association with Yuga Labs, arguably the most influential presence in the NFT space. As a result, Apecoin benefits from all the social capital associated with Bored Ape Yacht Club and all other projects in the Yuga Labs ecosystem.
- In addition to NFT rewards, APECOIN allows payment options and other exclusive features within the APE ecosystem.
- APECOIN has been in the limelight since its appearance. The creators offered many incentives to increase their usefulness.
Overall, Apecoin has reasonable use cases and is outperforming key benchmarks. However, one cannot make a case that it is a great investment opportunity.
Will ApeCoin go up or Will Apecoin Recover?
The crypto market has been highly volatile recently. While Apecoin has risen significantly, it has underperformed in the last few weeks. That said, we anticipate Apecoin will rise in the next few months
- Apecoin is backed by BAYC which is the most expensive collection of NFTs.
- Apecoin also has a competitive advantage with its association with Yuga Labs. As Yuga Labs increases its presence in the Metaverse space (with investments lined up and some executions having begun), the demand for Ape Coins will increase fuelling the price of the cryptocurrency.
- Adoption of Apecoin as a payment method will help Apecoin to rise higher. Gucci is the first major brand to accept Ape coin as payment.
- Apecoin has a proven track record. It almost reached $40 a few months back. Therefore, when cryptocurrencies recover, Ape Coin will benefit much more than others
Risks: Global Economic Recovery
|Metric||Last 24 Hours||Trend|
|Net Social Media Sentiment||0||Neutral|
Will Apecoin reach $50?
At a conservative pace of 25% per annum, it would take Apecoin about 10-12 years to reach $50. This is subject to numerous conditions including -Increased liquidity and a more clearly defined role of Apecoin in the Bored Ape Yacht Club
Will Apecoin reach $100?
At a conservative pace of 25% per annum, it would take Apecoin about 15 years to reach $50
Will Apecoin reach $1000?
At the moment, it is difficult to predict if Apecoin will reach $1000 without an active burn program. That aside, at $1000, Apecoin’s market cap would be a Trillion Dollars, a highly ambitious forecast for a cryptocurrency with limited use cases.
ApeCoin Price Prediction 2023, 2025, 2030
Gaming coins have headed lower owing to lower liquidity leading to lower earnings from Play to earn games. With the economy like to begin recovery in the second half of next year, Apecoin could gain from the rise.
- Apecoin Price Prediction 2023 is $5.5
Unlike other NFT games, Ape is already a well-known and accepted brand name and therefore is likely to perform well once Global economies recover.
- Apecoin Price Prediction 2025 is $12.8
It is quite challenging to make long-term forecasts given the wide range of variables. Yet given the use cases, Ape is likely to perform quite well over the next 8 years.
- Apecoin Price Prediction 2030 is $66.6
Reddit community discussions
In a recent Reddit discussion on the topic “Can APE hit $10?”, users can be seen to have mixed opinions.
One user commented that APE can easily cross $15. While another user wrote that it is not possible for Apecoin to reach $10 because of high selling pressure.
How to Buy Apecoin?
The ERC-20 token, the native token of Bored Ape Yacht Club, Apecoin has been one of the best-performing cryptocurrencies this year. However, there have been many inquiries about how Apecoin can be purchased. Here is a complete guide to buying Apecoin:
- Look for the Exchanges where Apecoin is listed for Trade
- Opening an Account with the Exchange
- Adding Money for Trade
- Purchase APEcoin
- Storing of Apecoin
Where to Buy Apecoin?
Apecoin is one of the fastest-growing cryptocurrencies and multiple platforms have listed Apecoin for trade. Some of the exchanges where you can purchase Apecoin are:
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions.