ApeCoin (APE) is the main currency for the APE ecosystem, launched in March 2022. It’s an ERC-20 token that runs on the Ethereum network. The company behind ApeCoin, Yuga Labs, is a significant player in the Web3 and NFT markets. NFTs, or Non-Fungible Tokens, are unique digital assets verified on the blockchain. Yuga Labs owns popular NFT collections like CryptoPunks and Bored Ape Yacht Club. The Bored Ape Yacht Club was key in the launch of ApeCoin. Holders of NFTs from this collection received a set amount of ApeCoin for free when it launched. Yuga Labs’ strong influence in the crypto market is highlighted by the fact that ApeCoin was listed on all major cryptocurrency exchanges at its launch. Since the ApeCoin DAO started in April 2021, the Bored Ape Yacht Club (BAYC) has been one of the top NFT collections with an active community. The BAYC collection features apes that look bored. You can pick these apes based on your mood and preferences, even down to the smallest details. People worldwide have invested in these digital artworks, including celebrities like Justin Bieber and Eminem. In this article, we’ll explore Apecoin price prediction to get an in-depth view of the APE price and technical market sentiment.
Apecoin (APE): A Quick Introduction
ApeCoin (APE) was launched on March 17, 2022, by the creators of the BAYC NFT collection, Yuga Labs. They also established the APE Foundation to support the decentralized development of the APE ecosystem.
The APE Foundation aims to be central to art, gaming, entertainment, and events on the blockchain. It oversees the decisions made by the ApeCoin Decentralized Autonomous Organization (DAO).
The cryptocurrency handles tasks like administration, bookkeeping, and project management to help the DAO community create new Web3 applications and services, including the APE NFT coin.
ApeCoin focuses on decentralization. Through the APE Improvement Proposal Process, members of the ApeCoin DAO can decide on Ecosystem Fund allocations, governance rules, future projects, and partnerships.
The BAYC
Launched in April 2021, the Bored Ape Yacht Club (BAYC) consists of 10,000 unique Apes on the Ethereum blockchain. Each digital collectible has a different appearance, style, and rarity. The collection features profile pictures of cartoon apes, generated by an algorithm.
Mutant Ape Yacht Club (MAYC)
The Mutant Ape Yacht Club (MAYC) includes up to 20,000 mutated versions of the BAYC Apes. It helps welcome new members to the Ape community. BAYC NFT holders received 10,000 mutant serums in three different tiers via airdrop, adding rarity to the traits.
Bored Ape Kennel Club (BAKC)
Launched at 6:00 pm EST on June 25, 2021, the Bored Ape Kennel Club (BAKC) is a collection of dog NFTs available to all BAYC members. Each Bored Ape NFT holder can adopt a random Club Dog NFT, only needing to pay for gas fees. BAKC NFTs also come with their own rarities.
How Does APE Work?
ApeCoin’s whitepaper states that the cryptocurrency aims to “empower decentralized community building.” It rewards the BAYC community for buying and holding Bored Ape Yacht Club NFTs and other NFTs from the Yuga Labs ecosystem.
With the $APE token, users can participate in the DAO governance structure and purchase Metaverse land in the BAYC Metaverse.
APE token holders make governance decisions together by casting votes on issues like fund allocation, rule-making, partnerships, and project selection. The ApeCoin Foundation carries out the community’s governance decisions.
As the DAO’s legal representative, the ApeCoin Foundation supports ecosystem growth. It has a special body called the Board, which implements the community’s visions. The APE Board consists of five members from the technology and crypto community, and ApeCoin holders vote for new Board members every year.
ApeCoin serves multiple purposes as a governance and utility token in the ecosystem. It allows holders to participate in DAO governance and access exclusive features like games, events, merchandise, and services.
Like other Web3 coins, ApeCoin can be used for payments and is widely accepted by merchants as an ERC-20 token. It is also used as NFT rewards, with BAYC holders receiving free APE that they can cash out immediately.
Third-party developers integrate ApeCoin into their services, games, and projects. For example, in Animoca Brands’ play-to-earn mobile game Benji Bananas, players earn special tokens that can be swapped for ApeCoin.
ApeCoin will also be integrated with the upcoming metaverse Otherside, potentially making it a high-demand metaverse coin this year. It will be used as a transaction token on metaverse marketplaces and could reward players if the metaverse includes play-to-earn elements.
Ape Tokenomics
ApeCoin has a total supply of 1 billion tokens. The contract does not allow for the creation of more tokens, so the supply is fixed. There is no burning mechanism, so the supply won’t decrease. The tokens are distributed as follows:
62% of the tokens are allocated to the ApeCoin DAO community. Of this, 15% goes to holders of BAYC and MAYC. BAYC holders can claim 10,094 APE for each NFT they own, while MAYC holders can claim 2,042 APE. The rest will be part of the DAO’s ecosystem fund.
16% of the tokens go to Yuga Labs. Part of this will support Jane Goodall’s charity foundation. 14% of the tokens are for those who helped launch the ApeCoin protocol.
8% of the tokens are set aside for the four founders of Yuga Labs and BAYC. ApeCoin uses locked tokens to prevent Yuga Labs, the BAYC founders, and other launch contributors from selling their holdings. Their tokens remain locked for at least 12 months, after which they receive a specific number of tokens monthly.
Apecoin Historical Price Sentiment
Let’s look at some of ApeCoin’s price history. While past performance doesn’t guarantee future results, it can provide useful context for making or interpreting an ApeCoin price prediction.
On its first day of launch, the value of the APE NFT crypto surged by 126.8%, going from $7.26 to $16.47 in less than 24 hours. The price then dropped to $14.03 by the end of the day and remained stable on 19 March 2022 before falling to just above $9 on 21 March 2022.
By 24 March, the APE token price climbed back to over $14 as anticipation grew for the first ApeCoin DAO voting event scheduled for that day. The price peaked at $15.43 on 28 March 2022 before entering a downward trend in April 2022. On 30 April 2022, OpenSea, one of the largest NFT marketplaces, announced it would start accepting APE for NFT purchases. This led to a one-day gain of over 30%, with the price rising to just below $25.
After gaining 102% in April 2022, the APE NFT coin’s price began to fall, dropping below its launch price by the end of May.
APE hit a 90-day low of $2.63 on 14 November following the collapse of the FTX (FTT) exchange but recovered to $4.54 on 11 December before dropping to $3.27 on 17 December. APE closed the year at $3.64 and rallied in the New Year, breaking past $5 on 10 January and trading around $4.85 the next day. Despite the overall crypto market more than doubling in value in 2023, APE ended the year at $1.61, losing 55% of its value in 2023.
In 2024, the price of Ape recovered slightly and surged to a high of $2.4; however, it later declined toward the $1 mark in recent weeks.
Apecoin Price Prediction: Technical Analysis
Apecoin surged above the 20-day exponential moving average ($1.2) on May 15, indicating that the bulls have absorbed the supply. As a result, the price of APE is now surging exponentially and is aiming to surge above immediate Fib levels. As of writing, APE price trades at $1.23, surging nearly 8% in the last 24 hours.
If buyers maintain the momentum and hold the price above the 50-day simple moving average ($1.43), it will open the gates for a possible rally to the formidable resistance at $1.8. The bears may defend this level with all their might.
If bears want to prevent the upside move, they will have to defend the 50-day SMA and tug the price to the $1 support. The bulls are likely to defend this level aggressively, because if the support cracks, the APE price may plunge to 61.8% Fibonacci retracement level of $0.8.
Apecoin Price Prediction By Blockchain Reporter
| Year | Minimum ($) | Average ($) | Maximum ($) |
| 2024 | 1.47 | 1.52 | 1.66 |
| 2025 | 2.16 | 2.23 | 2.60 |
| 2026 | 3.09 | 3.18 | 3.67 |
| 2027 | 4.49 | 4.62 | 5.29 |
| 2028 | 6.40 | 6.58 | 7.74 |
| 2029 | 9.33 | 9.66 | 11.29 |
| 2030 | 13.25 | 13.63 | 16.20 |
| 2031 | 19.85 | 20.39 | 22.83 |
| 2032 | 27.76 | 28.78 | 33.89 |
| 2033 | 42.45 | 43.89 | 49.04 |
ApeCoin Price Prediction 2024
During a period when NFTs are prominently featured in the crypto space, ApeCoin has captured significant attention since its introduction. The creators of the token have implemented various incentives to boost its utility. These incentives include enabling third-party developers to integrate the cryptocurrency into their projects and establishing an ecosystem fund to support initiatives utilizing the coin.
If the project continues to attract investor attention in the coming months, we might see a skyrocketing trend in the NFT sector by 2024.
In 2024, ApeCoin’s price is anticipated to have a minimum value of $1.47. It could reach a maximum of $1.66, with an average trading price around $1.52 throughout the year.
| Months | Minimum ($) | Average ($) | Maximum ($) |
| January | 1.20 | 1.30 | 1.40 |
| February | 1.22 | 1.32 | 1.42 |
| March | 1.24 | 1.34 | 1.44 |
| April | 1.26 | 1.36 | 1.46 |
| May | 1.28 | 1.38 | 1.48 |
| June | 1.30 | 1.40 | 1.50 |
| July | 1.32 | 1.42 | 1.52 |
| August | 1.34 | 1.44 | 1.54 |
| September | 1.36 | 1.46 | 1.56 |
| October | 1.38 | 1.48 | 1.58 |
| November | 1.40 | 1.50 | 1.60 |
| December | 1.47 | 1.52 | 1.66 |
ApeCoin Price Prediction 2025
With use cases ranging from decentralized payments to land sales in the metaverse, the company has established a variety of supportive components. As the APE ecosystem expands, ApeCoin’s value continues to exceed expectations.
Forecasts and technical analysis suggest that in 2025, ApeCoin’s price might reach a minimum of $2.16. The maximum potential value is projected at $2.60, with an average price of $2.23.
| Months | Minimum ($) | Average ($) | Maximum ($) |
| January | 1.80 | 1.90 | 2.00 |
| February | 1.84 | 1.94 | 2.04 |
| March | 1.88 | 1.98 | 2.08 |
| April | 1.92 | 2.02 | 2.12 |
| May | 1.96 | 2.06 | 2.16 |
| June | 2.00 | 2.10 | 2.20 |
| July | 2.04 | 2.14 | 2.24 |
| August | 2.08 | 2.18 | 2.28 |
| September | 2.12 | 2.22 | 2.32 |
| October | 2.16 | 2.23 | 2.36 |
| November | 2.20 | 2.26 | 2.40 |
| December | 2.16 | 2.23 | 2.60 |
APE Price Forecast for 2026
Based on extensive technical analysis of past data, the price of ApeCoin in 2026 is forecasted to be around a minimum of $3.09. The maximum price is expected to be $3.67, with an average trading value of $3.18.
| Months | Minimum ($) | Average ($) | Maximum ($) |
| January | 2.60 | 2.70 | 2.80 |
| February | 2.65 | 2.75 | 2.85 |
| March | 2.70 | 2.80 | 2.90 |
| April | 2.75 | 2.85 | 2.95 |
| May | 2.80 | 2.90 | 3.00 |
| June | 2.85 | 2.95 | 3.05 |
| July | 2.90 | 3.00 | 3.10 |
| August | 2.95 | 3.05 | 3.15 |
| September | 3.00 | 3.10 | 3.20 |
| October | 3.05 | 3.15 | 3.25 |
| November | 3.07 | 3.16 | 3.28 |
| December | 3.09 | 3.18 | 3.67 |
ApeCoin (APE) Price Prediction 2027
In 2027, ApeCoin’s price is expected to drop to a minimum of $4.49. According to predictions, it could rise to a maximum of $5.29, with an average price of $4.62.
| Months | Minimum ($) | Average ($) | Maximum ($) |
| January | 3.50 | 3.60 | 3.70 |
| February | 3.60 | 3.70 | 3.80 |
| March | 3.70 | 3.80 | 3.90 |
| April | 3.80 | 3.90 | 4.00 |
| May | 3.90 | 4.00 | 4.10 |
| June | 4.00 | 4.10 | 4.20 |
| July | 4.10 | 4.20 | 4.30 |
| August | 4.20 | 4.30 | 4.40 |
| September | 4.30 | 4.40 | 4.50 |
| October | 4.40 | 4.50 | 4.60 |
| November | 4.45 | 4.55 | 4.65 |
| December | 4.49 | 4.62 | 5.29 |
ApeCoin Price Prediction 2028
For 2028, ApeCoin’s price is forecasted to reach a minimum of $6.40. The maximum projected value is $7.74, with an average price of $6.58.
| Months | Minimum ($) | Average ($) | Maximum ($) |
| January | 5.00 | 5.20 | 5.40 |
| February | 5.20 | 5.40 | 5.60 |
| March | 5.40 | 5.60 | 5.80 |
| April | 5.60 | 5.80 | 6.00 |
| May | 5.80 | 6.00 | 6.20 |
| June | 6.00 | 6.20 | 6.40 |
| July | 6.10 | 6.30 | 6.50 |
| August | 6.20 | 6.40 | 6.60 |
| September | 6.30 | 6.50 | 6.70 |
| October | 6.35 | 6.55 | 6.75 |
| November | 6.38 | 6.57 | 6.78 |
| December | 6.40 | 6.58 | 7.74 |
ApeCoin Price Prediction 2029
In 2029, the price of one ApeCoin is expected to reach a minimum of $9.33. It might go up to a maximum of $11.29, with an average price of $9.66.
| Months | Minimum ($) | Average ($) | Maximum ($) |
| January | 7.00 | 7.20 | 7.40 |
| February | 7.30 | 7.50 | 7.70 |
| March | 7.60 | 7.80 | 8.00 |
| April | 7.90 | 8.10 | 8.30 |
| May | 8.20 | 8.40 | 8.60 |
| June | 8.50 | 8.70 | 8.90 |
| July | 8.70 | 8.90 | 9.10 |
| August | 8.90 | 9.10 | 9.30 |
| September | 9.00 | 9.20 | 9.40 |
| October | 9.10 | 9.30 | 9.50 |
| November | 9.20 | 9.40 | 9.60 |
| December | 9.33 | 9.66 | 11.29 |
ApeCoin (APE) Price Prediction 2030
According to forecasts and technical analysis, in 2030, ApeCoin’s price is expected to reach a minimum of $13.25. The maximum projected value is $16.20, with an average trading price of $13.63.
| Months | Minimum ($) | Average ($) | Maximum ($) |
| January | 10.00 | 10.30 | 10.60 |
| February | 10.40 | 10.70 | 11.00 |
| March | 10.80 | 11.10 | 11.40 |
| April | 11.20 | 11.50 | 11.80 |
| May | 11.60 | 11.90 | 12.20 |
| June | 12.00 | 12.30 | 12.60 |
| July | 12.30 | 12.60 | 12.90 |
| August | 12.60 | 12.90 | 13.20 |
| September | 12.80 | 13.10 | 13.40 |
| October | 13.00 | 13.30 | 13.60 |
| November | 13.10 | 13.40 | 13.70 |
| December | 13.25 | 13.63 | 16.20 |
ApeCoin Price Forecast 2031
In 2031, ApeCoin’s price is predicted to reach a minimum value of $19.85. It could reach a maximum of $22.83, with an average trading price of $20.39 throughout the year.
| Months | Minimum ($) | Average ($) | Maximum ($) |
| January | 14.00 | 14.50 | 15.00 |
| February | 15.00 | 15.50 | 16.00 |
| March | 16.00 | 16.50 | 17.00 |
| April | 17.00 | 17.50 | 18.00 |
| May | 17.50 | 18.00 | 18.50 |
| June | 18.00 | 18.50 | 19.00 |
| July | 18.50 | 19.00 | 19.50 |
| August | 19.00 | 19.50 | 20.00 |
| September | 19.30 | 19.80 | 20.30 |
| October | 19.50 | 20.00 | 20.50 |
| November | 19.70 | 20.20 | 20.70 |
| December | 19.85 | 20.39 | 22.83 |
ApeCoin (APE) Price Prediction 2032
Technical analysis indicates that in 2032, ApeCoin’s price is predicted to reach a minimum of $27.76. The maximum value is expected to be $33.89, with an average trading price of $28.78.
| Months | Minimum ($) | Average ($) | Maximum ($) |
| January | 20.00 | 21.00 | 22.00 |
| February | 21.00 | 22.00 | 23.00 |
| March | 22.00 | 23.00 | 24.00 |
| April | 23.00 | 24.00 | 25.00 |
| May | 24.00 | 25.00 | 26.00 |
| June | 25.00 | 26.00 | 27.00 |
| July | 26.00 | 27.00 | 28.00 |
| August | 26.50 | 27.50 | 28.50 |
| September | 27.00 | 28.00 | 29.00 |
| October | 27.25 | 28.25 | 29.25 |
| November | 27.50 | 28.50 | 29.50 |
| December | 27.76 | 28.78 | 33.89 |
ApeCoin Price Prediction 2033
In 2033, ApeCoin’s price is anticipated to reach a minimum of $42.45. It could rise to a maximum of $49.04, with an average price of $43.89.
| Months | Minimum ($) | Average ($) | Maximum ($) |
| January | 30.00 | 31.00 | 32.00 |
| February | 32.00 | 33.00 | 34.00 |
| March | 34.00 | 35.00 | 36.00 |
| April | 36.00 | 37.00 | 38.00 |
| May | 38.00 | 39.00 | 40.00 |
| June | 39.00 | 40.00 | 41.00 |
| July | 40.00 | 41.00 | 42.00 |
| August | 41.00 | 42.00 | 43.00 |
| September | 41.50 | 42.50 | 43.50 |
| October | 42.00 | 43.00 | 44.00 |
| November | 42.25 | 43.25 | 44.25 |
| December | 42.45 | 43.89 | 49.04 |
Apecoin Price Prediction: Analysts’ Forecast
According to Coincodex, the current ApeCoin price prediction suggests a significant rise of 232.05%, potentially reaching $3.82 by June 14, 2024. Technical indicators reflect a Bearish sentiment, while the Fear & Greed Index indicates a Greed level of 64. ApeCoin experienced 12 out of 30 green days (40%) with a price volatility of 3.85% over the past month.
The forecast indicates that now is not an optimal time to purchase ApeCoin. Historical price movements of ApeCoin and BTC halving cycles suggest a yearly low-price prediction of $1.150915 for 2025, with the potential to reach as high as $5.51 next year.
By 2026, market analysts and experts at Digital Coin Price predict that APE will start the year at $3.50 and trade around $4.29. Compared to last year, this would represent a significant increase. By the beginning of 2030, their ApeCoin price prediction and technical analysis suggest that the cost of ApeCoin will reach $8.68, maintaining this level by the end of the year. Additionally, APE could reach a price of up to $8.01. The period from 2024 to 2030 is expected to be significant for ApeCoin’s growth.
Is Apecoin A Good Investment? When To Buy?
The value of ApeCoin hinges on the success of APE DAO, which focuses on Web3 and decentralized applications. Web3 is developing rapidly, attracting significant capital and expertise globally. Decentralized blockchains form the backbone of Web3, with Ethereum being the most popular and also serving as a platform for ApeCoin.
Unlike Web2, which relies on traditional economic operators, Web3 operates on cryptocurrencies and decentralized entities. Yuga Labs and its NFT collection, Bored Ape Yacht Club, are currently among the most recognized brands in Web3. Their continued relevance, even during the 2022 bear market, highlights their market power. APE DAO has the potential to become a key player in Web3, driving innovative applications with ApeCoin at its core. Therefore, ApeCoin’s success is closely tied to the growth of Web3’s popularity and the achievements of APE DAO.
According to our APE price forecast and technical analysis, investing in APE at a price of $1 might turn profitable in the long-term.
Conclusion
ApeCoin’s issuance by the Bored Ape Yacht Club has attracted significant interest from the beginning. Enthusiasts of arts, culture, gaming, and entertainment are more inclined to use this cryptocurrency. Additionally, metaverse land sales are expected to enhance the coin’s value.
There are multiple reasons to buy ApeCoin, including its use as a payment method, NFT rewards, and access to exclusive features within the APE ecosystem. Despite these benefits, it is important to be aware of the coin’s inherent volatility linked to NFTs.
If the NFT sector continues to boom in the coming years with robust products, we might see a massive surge in interest for APE price. However, it is advised to do your own research before investing in the volatile market.
FAQ
What is ApeCoin (APE)?
ApeCoin (APE) is the native cryptocurrency of the APE ecosystem, launched by Yuga Labs in March 2022. It runs on the Ethereum blockchain as an ERC-20 token and is used for governance, utility, and rewards within the ecosystem, particularly tied to NFTs like Bored Ape Yacht Club (BAYC).
What role does ApeCoin play in the APE ecosystem?
ApeCoin allows holders to participate in decentralized governance through the ApeCoin DAO, where they can vote on proposals related to ecosystem development, fund allocation, and partnerships. It also serves as a payment method within the ecosystem and is integrated into games, projects, and metaverse applications.
What are the Bored Ape Yacht Club (BAYC) and other related collections?
BAYC is a collection of 10,000 unique cartoon apes on the Ethereum blockchain, each with different traits and rarities. The collection includes Mutant Ape Yacht Club (MAYC), with 20,000 mutated versions of BAYC apes, and Bored Ape Kennel Club (BAKC), featuring dog NFTs available to BAYC members.
What is ApeCoin’s tokenomics?
ApeCoin has a total supply of 1 billion tokens, with no additional tokens to be created. The supply is distributed as follows: 62% to the ApeCoin DAO community, 16% to Yuga Labs, 14% to launch contributors, and 8% to the founders of Yuga Labs and BAYC. Tokens for Yuga Labs and contributors are locked for 12 months.
How has ApeCoin’s price performed historically?
ApeCoin saw a significant price surge upon its launch in March 2022, reaching a peak of nearly $25 in April 2022. However, the price dropped below its launch value by the end of May 2022 and continued to fluctuate throughout the year. In 2023, APE ended the year at $1.61, losing 55% of its value.
Will ApeCoin recover to previous highs?
Long-term predictions suggest that ApeCoin could gradually recover, potentially reaching $11.29 by 2029 and $16.20 by 2030. However, its recovery is closely tied to the growth of the NFT and Web3 sectors.
Will ApeCoin Recover?
ApeCoin’s recovery depends on the resurgence of the NFT market and the success of the APE ecosystem in the Web3 space. While there is potential for growth, investors should carefully evaluate the risks and market conditions before making decisions.
