If you’ve been watching the crypto market lately then you’ll no doubt be aware that ApeCoin has been making serious waves–especially after its token price soared by over 130% just days after launching. But despite it suddenly bursting into the spotlight back in March 2022, many are still unsure of exactly what ApeCoin is.
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One thing’s for sure, the cryptocurrency market is a very different place in 2022 to how it was even just 18 months ago. There are now numerous different sub-sectors of the market and there have been some surprising entries into the top ten tokens by market cap. So what is ApeCoin all about? On the surface, it seems to be reminiscent of the meme coins that have had so much success lately, but it seems APE has more to offer.
The token is actually an offshoot of the Bored Ape Yacht Club–one of the biggest marketplaces for non-fungible tokens. The developers behind the token claim that it has the potential to be the major cryptocurrency of web 3.0 and it seems the team has big plans for the wider Ape ecosystem.
So is ApeCoin the real deal, or just another over-hyped new cryptocurrency project? In the following Apecoin price prediction for 2025 and 2030, we aim to take a closer look at the project and find out what leading analysts are predicting for its future.
The Bored Ape Yacht Club
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Before diving into ApeCoin and its use cases, we should probably take the time to familiarise ourselves with the Bored Ape Yacht Club. Non-fungible tokens (NFTs) have been one of the runaway success stories of the crypto industry lately, with people paying millions of dollars for various kinds of digital art and collectibles.
Several NFT marketplaces have emerged as leaders in the space. The biggest is CryptoPunks, with its bitmap avatars that seem to have struck a chord with younger crypto fans. Next, it’s probably the Bored Ape Yacht Club, known for its quirky ape avatars that have been known to command hefty price tags.
Naturally, being associated with a popular marketplace upon launch has helped ApeCoin to generate interest early on and is probably responsible for its surge in investor interest–as we know, most new tokens take a while to get going but ApeCoin really hit the ground running when it launched in 2022.
However, whilst BAYT was created by Yuga Labs, ApeCoin itself was developed by ApeCoin DAO–new decentrlaised unit governed by token holders. Whilst Yuga Labs is clearly closely aligned with ApeCoin, the fact that it was created by a separate entity suggests there are bigger things planned for APE than simply being a token for an NFT marketplace.
So What’s ApeCoin All About?
ApeCoin itself is an ERC-20 token, built on the Ethereum blockchain and unlike the avatars on the BAYC, it is a fungilble token, meaning one ApeCoin has the same value and characteristics as any other. So what is ApeCoin actually for?
It seems that, right now, ApeCoin is all about potential. According to YugaLabs, there are some big things planned for the token. Obviously, the token can be used to buy and sell NFTs on the BAYC, but it also sees itself as a means of payment for general retail transactions, with some real estate firms, hotels and even a brewery pledging their support for the token and accepting it as a means of payment.
When it was launched, the team behind ApeCoin pitched it as “a token for culture, gaming and commerce” and it would appear that the token is actually in line with the original remit of Bitcoin–a decentrlalised means of payment for digital goods.
ApeCoin is also positioned as a token for play-to-earn games, with a mobile title aptly named Benji Bananas, developed by Animoca Brands (whose co-founder, Yat Siu, is on the board of the Ape Foundation), now accepts APE as a token within its game.
So, as it stands, APE is more or less a simple means of value exchange. Of course, as an ERC-20 token it has pretty limitless applications across numerous other blockchain projects, but investing in APE at this stage is for those who see potential in the project.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Is ApeCoin A Meme Coin?
With its quirky graphics and cartoon ape mascot, it’s perhaps inevitable that many crypto market observers have designated ApeCoin as a meme coin. To be fair, it’s hard to make the call at this stage, especially as APE doesn’t seem to have any clearly defined use case that would make it any more utilitarian than the likes of Shiba Inu or Dogecoin.
As we’ve noted above, APE seems to be pegged for big things, but once again there is nothing it can do, as an ERC-20 token, that Shiba Inu cannot do. As such, ApeCoin can and perhaps should be viewed as a meme coin. Given its association with the BAYC, much of any early success APE sees is going to be driven by popularity and community sentiment–the classic meme coin driving forces.
For those who are interested, 62% of APE was set aside for token holders and the DAO treasury. During the first 3 months after it launched, anyone holding BAYC NFTs was able to collect a certain amount of free APE. Of the 150m tokens airdropped this way, some 145,267,456 had been claimed at the time of writing.
An additional 140m APE tokens were distributed to “the companies and people that helped make this project a reality”–the names of which are yet to be revealed–and a further 80 million tokens were doled out to the founders of Yuga Labs.
Check Out: Pros And Cons Of Investing In ApeCoin
Looking At ApeCoin’s Price History
ApeCoin was first widely listed in March 2022, so it hasn’t got a whole lot of price data for us to look back on. Once again, this makes it something of an uncertainty in the crypto investment world, as there’s no real way of predicting how it may respond to particular market forces. However, as it stands the price history of APE is all we have to go on.
When APE first launched it was trading at around $7.40. This is a fairly hefty price for an ERC-20 token and we can only assume it commanded this price due to its association with the BAYC. As noted above, interest quickly grew for the token and within days it had surged by over 130% to a value of $17.17. There was then a period of volatility which saw APE drop back below $10 before turning around and climbing back to $15.37.
After these fairly wide price movements early on, APE settled somewhat in the following weeks. Throughout April, the token generally bounced between $10 and $11 before gradually creeping upwards again. By mid-April it was consistently above $11 and on the 21 the token suddenly surged to $17.30 before levelling out. Another bull followed and APE reached its all-time high of $26.70 before the month was out.
ApeCoin then went through something of a downturn in the last few days of the month, with its average trading price dropping to $14.39 during the first week of May. Things didn’t improve and a week or so later APE dropped again, this time to just $5.36. At the time of writing, things had picked up slightly but APE was still trading a just $7.95.
ApeCoin Price Predictions For 2025
Despite there being relatively little price history for ApeCoin, we were nonetheless able to find several price predictions from top industry analysts and it seems several have been seduced by the appeal of this new token and are pointing to reasonably impressive growth over the coming years.
Over at DigitalCoinPrice, APE has been pegged for fairly sustained growth in the coming years. Of course, there is some volatility expected, but the platform has ApeCoin reaching a respectable $10.77 by December 2022–an increase of over 30% on today’s price. Fast forward to 2024 and DigitalCoinePrice predicts that APE will be worth more than $13.28, potentially reaching $16 by the time 2025 arrives.
Meanwhile, WalletInvestor also expects big things from ApeCoin. Its analysis has the coin reaching the $25-mark by the end of 2022, then potentially hitting $30 as early as 2023. As we head into 2025, WalletInvestor suggests APE could be worth as much as $50 per token–which would be growth of over 550% on today’s price.
Finally, TradingBeasts–often the more conservative of the analysts we review–has also made a highly optimistic future ahead for ApeCoin. It has the token growing as much as 40% in the remainder of 2022 and continuing to see growth across 2023 and 2024, despite some periods of volatility. By the time 2025 arrives, APE is predicted to be closing in on $30.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Looking Further Ahead: ApeCoin Price Predictions For 2030
When it comes to longer price forecasts for ApeCoin, we found that few platforms have actually committed to a prediction. However, of those we did find we once again found a lot of optimism surrounding ApeCoin. Of course, long-term crypto forecasts are highly speculative, but they are a good indication of current sentiment toward a project.
DigitalCoinPrice believes APE can continue to grow well beyond 2025. It has the token reaching as high as $21.54 by 2027. The token will then continue to grow from strength to strength and by the time 2030 rolls around, APE could be trading for as much as $36.46.
Meanwhile, PricePrediction.net has made the most optimitstic price we’ve seen for ApeCoin. According to its technical analysis, APE could hit has high as $50 in 2026 - which would mean growth of over 560% in just four years. By 2028, the platform expects APE to break $100 and by 2030 it could have soared to a potential high of $229.
Once again, we should point out that these predictions are only guesswork–based on very limited pricing data. They should be seen as suggestive only and not form the basis of any investment decisions.
Don't Miss: ApeCoin (APE) Price Predictions
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Conclusion: Should You Invest In ApeCoin?
So having looked at ApeCoin, it’s basic function, price history and a few forecasts, it’s time to decide whether or not it is actually a good investment. In reality, the answer to this is likely to vary from investor to investor, depending on what their goals are and the make up of their current cryptocurrency portfolio.
There’s no denying that, as things stand, ApeCoin is an investment that’s on the riskier end of the scale. It’s main use cases seem yet to be defined and its recent success could be dismissed as initial hype. However, if ApeCoin takes off, now could be a very good time to invest in the project.
If the ApeCoin price predictions we have seen are anything to go by, then the token looks set to grow in value consistently over the next five-to-ten years. Whether these pan out to be accurate or not remains to be seen, but it certainly is a vote of confidence in the wider Ape project.
Then there’s the Bored Ape Yacht Club. If NFTs continue to grow in popularity then the marketplace could be enough to continue driving the price of ApeCoin up.
Whether you choose to invest in ApeCoin in 2022 or not, the project certainly has been making waves in the industry and is definitely one to watch in the coming months. The cryptocurrency market is changing fast and it seems that any of the current generation of tokens has the potential to establish itself as a market leader.
Where To Invest In Cryptocurrency
If you want to add APE to your cryptocurrency portfolio, then you need to find a broker that is currently listed the token. There are quite a few out there but for us here at Trading-Education, eToro is the market leader.
Not only does eToro have an award-winning trading platform that is suitable for both novices and seasoned investors, it also has a wealth of information and learning material on cryptocurrency and trading in general.
New users can sign up in a matter of minutes and have complete peace of mind that they are using one of the most recognised and trusted names in the world of retail trading.
eToro — Top Platform To Buy ApeCoin
Open an account with eToro, deposit some funds with USD, and finally – buy ApeCoin from just $10.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
ApeCoin Price Predictions 2025, 2030 - FAQ
Is ApeCoin a meme coin?
ApeCoin has many of the features of a classic meme coin so it has understandably been lumped into the same category as the likes of Shiba Inu. However, Yuga Labs–the team behind the token–has big plans for APE, hintint that it could be used as a currency in play-to-earn games as well as a way of paying for NFTs at the Bored Ape Yacht Club.
What is the Bored Ape Yacht Club?
The Bored Ape Yacht Club is one of the biggest NFT marketplaces in the world, instantly recognisable thanks to its range of quirky simian avatars. These NFTs have been known to sell for millions of dollars and are still highly sought after.
How much will ApeCoin be worth in 2025?
We always advised readers to take crypto price predictions with a pinch of salt but the forecasts we have seen for APE certainly place the token in a positive light. Depending on who you ask, the token could be worth anywhere between $16 and $50 by the time 2025 rolls around.
Where can I buy ApeCoin?
Several major exchanges now list APE for buying and selling. However, if you are looking for a platform, then we’d recommend checking out eToro. The platform is highly approachable for new investors and list several major cryptocurrencies.
Is ApeCoin all hype?
ApeCoin has hardly been out of the headlines since it launched earlier in 2022. The token has been tipped to explode in the remaining months of the year and has attracted a lot of attention from the celebrity world. Whether it is all hype remains to be seen, but the team behind APE certainly have big plans for the token and market analysts seem to think it is here to stay.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Read More:
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Should You Buy ApeCoin (APE)? 5 Pros, 5 Cons
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