Apecoin Price Prediction 2023-2030: Will Apecoin reach $100, $1000?

Latest Apecoin Price

MetricLast 24 HoursTrend
Net Social Media Sentiment14.0%Higher

Apecoin Latest News

  • ApeCoin has initiated AIP (Ape Improvement Proposal) voting, featuring 7 proposals open for voting this week:
    • AIP-311: This proposal suggests allowing ApeCoin staked in the ParaSpace_NFT protocol to be considered for voting power.
    • AIP-310: A proposal to enable ApeCoin staked in the BendDAO protocol to count towards voting power.
    • AIP-309: This proposal advocates for considering ApeCoin staked in the JPEG’d protocol for voting power.
    • AIP-304: The proposal aims to create the Digital Art Movement Collection, acquiring Yuga Assets (BAYC, MAYC, BAKC, Punks, and other notable NFTs) for exhibition and donation to art institutions.
    • AIP-297: Proposing the establishment of an NFT Community Vault operated as an ApeCoin Sister DAO, with the goal of advancing ApeCoin’s mission and influence.
    • AIP-267: Suggests adding a ‘Treasury’ tab to Apecoin.com, seeking to update the website to include this feature.

Voting for these proposals will conclude on September 20th, and users can participate with just 1 $APE.

Apecoin Price Prediction Today

UTC: Sep 24th, 2023 12:33 PM

  • Apecoin Price Prediction in the next 24 hours is between $1.11 and $1.13
  • Apecoin Price Prediction this week is between $1.08 and $1.16

UTC: Sep 24th, 2023 01:07 PM
Overall OutlookPartially Bullish
1. Market's WisdomNeutral
1a. Market DataPartially Bullish
1b. Technical RecommendationSell
2. Crowd's WisdomBullish
2a. Social Media BuzzHigher
2b. Social Media SentimentHigher

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.

Competitors

  • 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.

Apecoin Past Performance

  • Year to Date: -68.2%
  • Last 12 Months: +79.0%
  • Since Launch: +15.7%

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

  1. Apecoin is backed by BAYC which is the most expensive collection of NFTs.
  2. 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.
  3. 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.
  4. 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

Apecoin Price Predictions

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 $1.96

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 $9.25

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 $61.7

Also Read:

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:

  1. Crypto.com
  2. Binance

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. 

Crowdwisdom360 Crypto Predictions Page

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.