ApeCoin (APE) is an ERC-20 token that serves as the governing token for the ApeCoin DAO. He is affiliated with Yuga Labs, the company responsible for the Otherside metaverse, as well as the NFT collections Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC).
Upon its creation, some tokens were distributed to Yuga Labs NFT holders.
Contrary to the belief that it is just a meme token, ApeCoin has a practical use. It initially performed well upon its release, though its value later declined as the initial excitement waned.
According to CoinMarketCap currently ApeCoin is trading at $1.31, well below the coin’s initial price of around $8.5. Questions arise about whether APE will reach $10 or what its value will be in 2025.
The forecast for Cryptopolitan’s price gives an idea of the potential value of ApeCoin from 2024 to 2030. Given its status as a widely accepted ERC-20 token, many retailers are accepting it. It is also used within Yuga Labs projects.
ApeCoin Price Prediction May 2024
ApeCoin is meeting strong support at the $1 level, which is expected to hold until May. A further decline could push the coin into oversold territory if the RSI falls below 30. In the short-term, a golden cross could occur, where the short-term EMA will cross above the long-term EMA, suggesting a potential price upside.
For May 2024, the ApeCoin price forecast ranges between $1.00 and $1.66, with an average value of $1.28. However, if market sentiment remains negative and Bitcoin falls below $55,000, this support may not hold.
ApeCoin Price Prediction 2025
The Yuga Labs community is increasing the functionality of the ApeCoin ecosystem, as evidenced by the Otherside project’s move to meeting in the metaverse instead of Discord. This development assumes growth in 2025.
The APE price forecast for 2025 sees a peak of $2.73. However, if a market correction follows, the price may stabilize around $2.35 and average to $2.43.
ApeCoin Price Prediction 2026
A stronger bullish impulse is expected in 2026. Forecasts suggest that ApeCoin could trade between $3.37 and $4, with an average price of $3.47.
This growth may be the result of APE’s expanding community attracting more and more users.
ApeCoin Price Prediction in 2027
By 2027, the price of ApeCoin is expected to rise even more. Estimates point to a range between $4.91 and $5.84, with the average pegged at $5.08.
New partnerships and developments with Yuga Labs could drive this growth by increasing APE functionality and demand.
ApeCoin Price Prediction in 2028
In 2028, APE is expected to witness accelerated growth. Estimated price ranges from a minimum of $7.58 to a maximum of $8.50, with an average of 7.83.
The technological advancements in the blockchain of Ethereum could support this growth, with expected lower transaction costs and faster payouts making APE, an ERC-20 token, easier to use. APE can also migrate to ApeChain, the third level of Arbitrum Orbit.
ApeCoin Price Prediction in 2029
For 2029, the ApeCoin price forecast predicts a range between $11.10 and $13.28, with an average value of $11.49.
ApeCoin DAO’s efforts to secure global partnerships and wider adoption of its token could have a significant impact on this price rise.
ApeCoin Price Prediction 2030
By 2030, APE is expected to trade between $15.64 and $19.15, with the average set at $16.21. This optimistic forecast is based on the growing global recognition and acceptance of APE. As more users and payment systems incorporate the APE token, its demand and value will likely increase.