How Soon Do You Think ApeCoin (APE) Can Reach $100?

Last Updated April 5th 2022

8 Min Read

Can ApeCoin (APE) Reach $100?

ApeCoin has been forecasted to bring huge percentage gains to investors in 2022 and beyond. In this article, we present a detailed analysis of how soon ApeCoin can hit the $100 mark or more in the coming years.

Per the fundamental and technical analysis-backed research conducted by our experts, we do not foresee ApeCoin hitting $100 at any point in 2022.

Suppose APE hits this milestone in 2022, then the next price milestone analysts will project for the token will be $500.

The Case For ApeCoin (APE) Reaching $100 In 2022

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For ApeCoin to reach $100, the token needs to gain at least 669% at its current price below $15. This may seem like an enormous percentage gain but APE rose by 3840% during its meteoric rise to its all-time high price of $39.40 on March 17, 2022.

With that said, the price performance of APE is not going to be like Shiba Inu (SHIB) or Dogecoin (DOGE).

This is because millions of people have seen the fortune that could be made through trading and investing in ApeCoin and digital assets as a whole. This has led to a saturated market where billions of dollars are chasing more than 18,500 tokens.

Therefore, you should not expect a rallying of the price towards the end of 2022.

As of writing, approximately 277.5 million APE coins are circulating in the market from a total and maximum supply of 1 billion. This means that around 28% of tokens are floating on the market with 72% still up for grabs.

In the event that 2% is added to the current circulating supply which brings the new total to 300 million APEs, the market capitalization of the token will rise to new highs.

In such a scenario, 300 million APEs multiplied by $100 equals approximately $30 billion.

This will make APE more valuable than crypto projects such as Cosmos (ATOM), Litecoin (LTC), Chainlink (LINK), Uniswap (UNI), Tron (TRX), Decentraland (MANA), and Waves (WAVES).

Therefore, APE has what it takes to rally between 500% and 1,000% to see new price milestones for the rest of 2022.

When you consider reserve risk analysis where investor demand is still greater than the price of digital tokens in 2022, a bull run could encircle the crypto finance market in the last three quarters of 2022.

One of the major factors that could drive the price of ApeCoin is institutional adoption.

Cryptocurrencies such as Bitcoin (BTC), Basic Attention Token (BAT), Bitcoin Cash (BCH), Chainlink, Decentraland, Ethereum Classic (ETC), Ethereum (ETH), FileCoin (FIL), and Solana (SOL) have Trusts created for them by the largest digital asset management firm, Grayscale.

The launch of Grayscale Trusts for the aforementioned tokens led to an increased demand for the aforementioned tokens.

The resultant effect was a spike in the price of these digital assets. In case Grayscale or other high-volume traders decide to take a stake in ApeCoin in the future, the token could hit new prices.

With many countries opening up to the idea of using digital currencies in our daily lives, crypto continues to gain mainstream acceptance.

After Ukraine raised more than $50 million in Bitcoin donations and regular citizens of Russia having turned to crypto due to the collapse of the Ruble, many analysts believe Bitcoin could finally hit $100,000 in 2022.

Once Bitcoin rises, altcoins follow suit, and this could be a turning point in the trading history of many coins including ApeCoin.

Another factor that could impact APEs price is the success of non-fungible tokens (NFTs).

As of writing, global NFT sales have decreased by more than 50% after reaching record highs in August 2021.

This has impacted Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) negatively in 2022.

A rise in unique buyers which would lead to soaring transaction counts, and increasing average sales value could transcend positively the fortunes of ApeCoin in 2022.

However, if the aforementioned factors do not influence the price patterns of ApeCoin in 2022, perhaps, traders and investors will have to wait for 2023 and the years beyond.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Case For ApeCoin More Than $100 By 2024

Analysts and investors are interested in finding answers to the question: can ApeCoin reach $100? Once this mark is crossed, attention will be on the next milestone APE could reach.

To understand the price patterns of 2024, let us examine the projections of analysts and experts at some of the most reputable crypto news and forecasting portals.

Analysts at Price Prediction believe ApeCoin forecast could have an average price of $37.90, a minimum price of $36.55, and a maximum price of $45.26 by the end of 2024.

Experts at Changelly foresee ApeCoin price prediction reaching $45 on the last day of 2024.

Per the analysis of Gov. Capital, APE could command a regular trading price of $27.996, a minimum trading price of $23.7966, and a maximum trading price of $32.1954.

Per the experts at Digital Coin Price, the novel token behind the ApeCoin ecosystem could trade for an average price of $63.50, the least possible price of $60.54, and the best possible price of $66.41.

According to analysts at Wallet Investor, ApeCoin price prediction could have an average trading price of $17.415, a minimum trading price of $15.025, and a maximum trading price of $19.870.

As per the analysis pointed out above, there is little chance of ApeCoin crossing $100 in 2024.

With that said, most of these reputable forecasting websites did not foresee the future price patterns of Bitcoin, Ethereum, Binance Coin, Dogecoin, Shiba Inu, and SafeMoon in the previous years.

As a result, in the volatile world of cryptocurrencies, anything can happen.

APE could plunge to new high lows in 2024 or it could rally to new high highs no analyst, expert, or trading guru ever thought possible.

Bitcoin has the first-mover advantage when it comes to investor interest in digital tokens which is reflected in trading volume due to being the first blockchain-backed cryptocurrency.

Ethereum (ETH) has an edge over other smart contracts networks because it has a first-mover advantage when it comes to building decentralized applications.

These advantages have made Bitcoin and Ethereum the most popular tokens as well as the first and second-largest digital assets by market capitalization.

ApeCoin has the first-mover advantage because it is the first non-fungible token (NFT)-inspired cryptocurrency.

With time, there is going to be an influx of several tokens backed by several digital collectibles.

Because of APEs' stance in the space as a crypto trading asset, just like investors prefer Bitcoin and Ether, more liquidity will be poured into ApeCoin first before others are considered.

With this, only time will reveal the real valuation of the ApeCoin crypto project.

Don't Miss: ApeCoin (APE) Price Prediction

The Best Course Of Action

As pointed out earlier, no individual or organization can make accurate predictions of the price patterns of ApeCoin. Forecasts, projections, and estimates are based on possibilities and not certainties.

The best approach is to take a stake in the ApeCoin project. Follow the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) projects in addition to other projects that will be added by the team behind the NFTs, Yuga Labs.

Aside from this, join NFT communities on Telegram, Reddit, and Discord.

Follow the channels of ApeCoin on social media platforms Facebook, Twitter, and Instagram to be able to stay attuned to current updates on the project.

Once you are doing this, you have to accumulate more APE tokens. This is highly relevant so that in the event the token reaches your investment goals, you will be able to make decent gains that could go a long way to improving your standard of living.

At a price below $20, APE is still considered a low barrier of entry to cryptocurrency investing when compared to the likes of Bitcoin, Ether, and Binance Coin.

ApeCoin has worked for many investors and could work for you as well.