ApeCoin (APE) Price Prediction 2023-2030: Will APE Price Hit $7.5 Soon?
- The bullish ApeCoin (APE) price prediction ranges from $4 to $8
- As per the experts, APE has the potential to reach above $7.5.
- APE’s bearish market price prediction for 2023 is $0.75
ApeCoin (APE) Price Prediction 2023-2030 Overview
| Year | Minimum Price | Average Price | Maximum Price |
| 2023 | $2 | $7.5 | $10 |
| 2024 | $7 | $9.25 | $15 |
| 2025 | $20 | $27.6 | $35 |
| 2026 | $12 | $18 | $30 |
| 2027 | $15 | $23 | $35 |
| 2028 | $25 | $32 | $45 |
| 2029 | $50 | $60 | $80 |
| 2030 | $40 | $53.6 | $75 |
| 2040 | $100 | $130.5 | $175 |
| 2050 | $180 | $206 | $250 |
What is ApeCoin (APE)?
ApeCoin is an ERC-20 token integral to the APE Ecosystem, serving as both a governance and utility token for the decentralized community driving web3 innovation.
ApeCoin holders actively participate in decentralized governance through the ApeCoin DAO, wielding voting power over the allocation of the ApeCoin DAO Ecosystem Fund, which is managed in accordance with proposals ratified by ApeCoin holders and administered by the APE Foundation.
Inspired by Yuga Labs’ Bored Ape Yacht Club project, ApeCoin was founded to thrive within the burgeoning APE Ecosystem, championed by the APE Foundation. The ApeCoin DAO operates with the goal of fostering a fair and inclusive APE Ecosystem by offering an open and permissionless platform for collaboration among ApeCoin holders.
The APE Foundation appoints an administrative council, known as the “Board,” to execute the decisions made by ApeCoin DAO members. The Board handles daily administrative tasks, financial management, project oversight, and other crucial functions to bring the Community’s ideas to fruition. ApeCoin DAO members have the privilege of voting on Board members.
ApeCoin functions as the governance token of the APE Ecosystem, empowering token holders to engage with the ApeCoin DAO while providing a shared, decentralized currency, free from the control of centralized intermediaries. A significant portion of ApeCoin, 62%, is allocated to the Ecosystem Fund, which finances community-driven initiatives sanctioned by ApeCoin DAO members.
ApeCoin (APE) Market Overview
ApeCoin (APE) Current Market Status
The maximum supply of ApeCoin (APE) is 1,000,000,000 APE, while its circulating supply is 368,593,750 APE, according to CoinMarketCap. At the time of writing, ApeCoin is trading at $1.16 representing 24 hours increase of 2.31%. The trading volume of ApeCoin in the past 24 hours is $77,737,147 which represents a 16.52 % increase.
Some top cryptocurrency exchanges for trading Apecoin (APE) are Binance, Coinbase, Kucoin, Kraken, Bitfinex, Bitstamp, and others.
Now that you know ApeCoin and its current market status, we shall discuss the price analysis of ApeCoin for 2023.
ApeCoin (APE) Technical Analysis 2023
The chart displayed above shows that APE has been losing value since late January 2023. The coin made new lower lows and new lower highs during its descent. However, it seems like APE has reached the bottom. Hence, the traders could buy the dip. Moreover, APE has touched the lower Bollinger band and it seems like APE is on the rise.
However, during the past APE has been residing in the lower half of the Bollinger bands after being rejected at the Simple Moving Average (SMA) when it rose after touching the lower band. Hence, APE could be rejected at the SMA once again.
When the Accumulation/ Distribution Line (ADL) indicator is taken into consideration, it can be seen that there is a lot of distribution happening than accumulation. The ADL reads a value of -609M with the ADL tilting upwards towards the zero line. Although deep in the selling zone, ADL is showing some positivity with its direction heading towards the positive direction.
The Balance of Power indicator reads a value of 0.69. This shows that the balance of power has shifted towards the buyers. Hence, there could be some increment of prices coming for APE in the future.
ApeCoin (APE) Price Prediction 2023
The chart above shows that APE is currently trading inside a falling wedge. The blue-highlighted falling wedge shows the behavior of APE during the past months of 2023 while the pink-highlighted longer timeframe shows APE’s behavior from August 2022 to date. When comparing the gradient of the wedge in the blue rectangle with that in the pink, we can see that the falling gradient has increased. This means that APE has been losing value abruptly in the recent past.
However, if APE breaks out from the falling wedge, it has the ability to reach $7.5. However, before reaching that high, it has two resistance levels to clear at $4.1 and $5.9. But, if this is a breakout by the books, then, APE should go above the first resistance level at $4.1.
Since the Point of Control where most trading happens is not far away from APE, there is a high chance that APE could reach somewhere close to $2 very soon. Moreover, there is also more trading activity near $4. Hence this is also another pivotal point for APE to increase in value. However, if APE crashes it could make a new support level as there seems to be no support for APE currently below.
ApeCoin (APE) Price Prediction 2024
As there will be BTC halving in 2024, the masses will expect a positive trend in the market and there is a high chance that investors could accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum spike for BTC. Hence, APE also could trade at a price, not below $9.25 by the end of 2024.
ApeCoin (APE) Price Prediction 2025
ApeCoin may harvest the after-effects of the ApeCoin halving and is intuitively expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, APE will continue to rise in 2025 forming new resistance levels. It is expected that APE will trade beyond the $27.6 level.
ApeCoin (APE) Price Prediction 2026
After a long period of bull run, the market may start to correct the price of BTC. During this period there could be a bearish sentiment, as such BTC could tumble into its support regions. During this period of price correction, APE could lose momentum and be way below its 2025 price. As such, it could be trading at $18 by 2026.
ApeCoin (APE) Price Prediction 2027
There is a tendency for traders to expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next BTC halving in 2028 could evoke excitement in traders. As such, this excitement may be reciprocated in APE’s prices and we could expect ApeCoin to trade at around $23 by the end of 2027.
ApeCoin (APE) Price Prediction 2028
As the crypto community’s hope will be re-ignited looking forward to BTC halving, there will be a positive sentiment in the market. As such, this may be reflected in the price of APE. Hence, APE would be trading at $32 after experiencing a considerable surge by the end of 2028.
ApeCoin (APE) Price Prediction 2029
2029 is expected to be another bull market as the aftermath of the BTC halving takes effect. In tandem with the stable market sentiment, APE could be trading at $60 by the end of 2029.
ApeCoin (APE) Price Prediction 2030
After witnessing a bullish run in the market, BTC and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, APE could be trading at $53.6.
ApeCoin (APE) Price Prediction 2040
The long-term forecast for BTC indicates that it has the potential to reach a new all-time high(ATH). As this will be the year of BTC halving people would be excited and the buyers would be accumulating APE. Hence, the price of APE could be trading at $130.5.
ApeCoin (APE) Price Prediction 2050
Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such, APE could reach $206.
Conclusion
As the market is still gaining confidence and the cryptocurrency is being embraced, we might see traders show interest in APE. As a result, they may add these tokens to their portfolio and this could trigger a rise in APE’s price. APE’s bullish price prediction shows that it could reach the $7.5 level.
FAQs
ApeCoin is an ERC-20 token integral to the APE Ecosystem, serving as both a governance and utility token for the decentralized community driving web3 innovation.
ApeCoin is one of the few cryptocurrencies that has retained its bullish momentum in the past seven days. If this momentum is maintained, ApeCoin might reach $7.5 soon.
ApeCoin has a present all-time low price of $1.00.
ApeCoin can be stored in a cold wallet, hot wallet, or exchange wallet.
ApeCoin is expected to reach $9.25 by 2024.
ApeCoin is expected to reach $27.6 by 2025.
ApeCoin is expected to reach $18 by 2026.
ApeCoin is expected to reach $23 by 2027.
ApeCoin is expected to reach $32 by 2028.
ApeCoin is expected to reach $60 by 2029.
ApeCoin is expected to reach $53.6 by 2030.
ApeCoin is expected to reach $130.5 by 2040.
ApeCoin is expected to reach $206 by 2050.
Disclaimer:
The information and analysis are intended for informational purposes only. All views and opinions expressed should not be considered as financial, investment, or trading advice. Readers are strongly encouraged to conduct their own research before making any investment decisions. Any actions taken based on the information presented by Bits Logic are at the reader’s own risk. The author or any affiliated parties shall not be held liable for any direct or indirect damages or losses resulting from such actions.
