How much will ApeCoin (APE) be worth in 2025? 3 crypto experts give their prediction for the course of the APE from 2023 to 2025!

Bored Ape Yacht Club NFTs have undoubtedly entered the public consciousness as many big names now own one of these premium digital assets. The recent release of ApeCoin has added another monkey-based asset to the crypto market, which could have huge potential in the future.

This guide will detail our prediction of ApeCoin price discuss what crypto is and how it could work before showing you the best place to invest in cryptocurrency today – with low trading fees.

ApeCoin Price Forecast 2022

The price of ApeCoin is currently trading around the $14.87 level, after being listed on major exchanges earlier this month. Let’s take a look at the long-term outlook for this utility token by covering our ApeCoin price forecast for the coming years:

  • End of 2022 : Since the coin has just entered the market, the price is still finding its footing and building up. However, if APE continues to follow this trend, the currency could $50 by the end of 2022.
  • End of 2023 : By 2023, we expect additional use cases to be implemented that will make ApeCoin really usable. With that in mind, our ApeCoin 2023 forecast predicts that the coin will de $90
  • End of 2024 : ApeCoin is likely to be anchored in many metaverse projects over the next two years, increasing investor demand. If this happens, we estimate that the APE can be valued at $135 by the end of 2024.

ApeCoin Price History

Before rushing to buy ApeCoin, it is wise to understand what the coin is and how it works. ApeCoin is relatively new to the crypto market, but the news surrounding the project already looks promising. For this reason, investors are already starting to pay attention in hopes of achieving returns that are above market value.

Simply put, ApeCoin is an ERC-20 token designed for governance and utility. Hosted on the Ethereum blockchain, ApeCoin was created and launched by ApeCoin DAO – a decentralized autonomous organization with the sole purpose of developing the coin in the coming years.

This is where things can get a little confusing as ApeCoin is also the “official” token of the Bored Ape Yacht Club NFT collection. Contrary to popular belief, however, ApeCoin is not created by Yuga Labs, the parent company of the NFT collection. It is unclear why Yuga Labs distanced itself from the creation of ApeCoin, although it may be due to regulatory issues.

Read also Investor in NFT: Don’t make these 3 mistakes that will make you lose money!

According to CoinMarketCap, there is a maximum supply of 1 billion APE tokens, with 277.5 million currently in circulation. Given the current price of ApeCoin, this gives the token a market cap of $4.02 billion, making it 45th Lake largest cryptocurrency in the world. Since ApeCoin was only launched a few weeks ago, the rise of the token has been remarkable.

But what does ApeCoin actually do? First, ApeCoin was distributed to holders of Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs as a “reward” for ownership. Owners of the original Bored Apes received 10,094 tokens, which equates to over $150,000 at current prices. In total, 15% of the APE tokens will be allocated to NFT holders, of which 47% to the DAO to develop the project in the coming years.

For non-NFT holders, ApeCoin can be obtained from most top crypto exchanges and used as a payment method. In addition, since the APE is the DAO’s governance token, token holders can also vote for proposals from other community members.

ApeCoin Share Price Debuted At $5 On March 17 and immediately jumped more than 250% in the first 48 hours of trading. After hitting $18, APE pulled back slightly and is now coming back to test this area again. Given the lack of pricing data available, it is unclear how much the ApeCoin crypto price could rise if the previous highs are broken soon.

Here’s a quick summary of the key points about ApeCoin we’ve covered so far:

  • Created by ApeCoin DAO – not by Yuga Labs.
  • Acts as the “official” token of the Bored Ape Yacht Club NFT collection.
  • It was distributed as a reward to NFT holders, while the remaining tokens were given to the DAO and other contributors at launch.
  • It started trading on March 17 on centralized exchanges and immediately jump 250%

💎 Find the best gems with our free guide!

Learn how to analyze crypto like a pro, avoiding red flags and scams, to start or continue your adventure in the world of crypto.

Leave a Comment