Is It A Good Time To Invest In ApeCoin Now?
ApeCoin (APE) is one of the biggest gainers of 2022. Due to the bearish outlook of the crypto finance market, it is exciting to see a coin return more than 1,000% gains for holders.
APE success is largely attributed to the newness of the project in addition to being inspired by one of the most successful NFT projects today, the Bored Ape Yacht Club (BAYC).
Having garnered so much attention in less than one month which has seen an average of $500 million thrown into the token, ApeCoin continues to amaze investors with multiple percentage swings daily.
During the recovery of the crypto finance market in the last two weeks of March 2022, APE reached an all-time high price of $39.40.
So far, it has all been rosy for ApeCoin, and the potential of its ecosystem makes it one of the tokens to look forward to in the months leading up to the end of 2022.
Since altcoins follow the price patterns of Bitcoin, when the bulls return sometime along the year, you can be assured that ApeCoin will follow suit, and rake in awesome returns for its holders.
Although APE, like all cryptocurrencies, is volatile, well-established investors see the unpredictability as a sign to buy more ApeCoins.
Many beginners or novice traders continue to ask the question, when is the right time to invest in ApeCoin and cryptocurrencies as a whole?
Well, analysts at Digital Coin Price, Price Prediction.net, and Gov. Capital do not see APE going bust in 2022.
With that said, before you invest in APE, you should know that having time in the volatile market of cryptocurrencies is far better than trying to time such an unpredictable market.
Let us examine when to invest in ApeCoin as well as when to sell APE.
When To Invest In ApeCoin (APE)?
As a beginner trader, you should know the “buy signals” of trading. The first rule is not to buy at the top of the market which is difficult to predict for cryptocurrencies.
When a coin plunges by more than 50% of its all-time high trading price due to negative crypto market sentiment, there is a sign of life in the token. It is popularly called “buying the dip”.
To many experts, buying ApeCoin when it has a low price, and selling them off when it attains a higher price is a smart move investment-wise.
When you compare the all-time high price of APE ($39.40) to its price, as of writing ($10.96), it is clear as day that there has been a huge drop in the price of the token.
Having lost 72% of its ATH in April 2022, the current value of APE means that more tokens could be purchased.
A $10,000 investment in APE could buy you around 912 tokens.
At the same price on March 17 when APE reached a new high, $10,000 could buy you around 253 ApeCoins.
This means you can buy three times the number of APEs a $10,000 capital could have purchased today.
Inasmuch as we do not have a perfect time for the buying of APE and cryptocurrencies for that matter, the month of April is the perfect time to buy APE.
ApeCoin is highly undervalued, has the backing of several major players in the decentralized finance space, has a growing ecosystem, and has been listed by all the major cryptocurrency exchanges for trading.
There is a huge chance that APE could trade for 10 times its current price ($100).
Should that happen, holders of ApeCoin who believed in the potential of the coin could see huge profits.
Therefore, if you have $1,000 that lay around without any specific purpose, you can try it on APE, and see the kind of gains you could have in the future.
Don't Miss: ApeCoin (APE) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
When To Sell ApeCoin (APE)?
If we do not have the right time to buy ApeCoin, you should know that we do not have the right time to sell ApeCoin.
You should only sell your crypto holdings when you reach your investment goals.
Failure to do this will see you miss out on potential gains.
A great example can be attributed to the price performance of Bitcoin.
Bitcoin sold for less than $1 in its early days.
Not seeing how a mere cryptocurrency could challenge centralized finance’s stability for over two centuries, many people sold their Bitcoin.
In December 2017, Bitcoin crossed $20,000 for the first time. Seeing another opportunity to lock in gains, holders of the largest cryptocurrency by market capitalization decided to let their tokens go.
They ended up making awesome profits.
After such all-time highs and the introduction of several cryptocurrency exchanges such as Binance and OKX in 2017, a much wider crackdown on the use of digital assets ensued in 2018. Countries such as China and Japan announced a ban on the use of digital currencies.
This made 2018 one of the worst years in the performance of cryptocurrencies.
As always, Bitcoin was the main culprit.
After Bitcoin opened at $14,112.20 on Jan.1, 2018, the token closed at $3,742.70.
In the space of 364 days, Bitcoin’s price fell by 73%.
On the last day of 2019, Bitcoin recovered, and closed the year with a price of $7,193.60.
At the peak of the pandemic in March and April 2020, many people felt the end of Bitcoin had come. The digital gold reached new high lows.
Institutional investors later engulfed the market and took BTC to the sight of $30,000.
Millions sold off their holdings because they did not believe BTC could hit the $50,000 price milestone.
In April 2021, Bitcoin surpassed $50,000, and after a bearish engulfing of the market in the 3rd quarter, BTC recovered and reached a new all-time high price of $68,789.63 on Nov. 10, 2021.
Those who felt BTC would be reaching $100,000 within the first quarter of 2022 have had to bury their faces in their hands.
BTC continues to trade below $50,000 in April 2022.
Therefore, no one knows the right time to sell off a cryptocurrency investment.
So, how does Bitcoin’s price fluctuations relate to ApeCoin?
We do not believe in short-term gains.
If you want to invest in cryptocurrencies, go for the long term.
Have a price ceiling you would want APE to reach.
Let us say you have invested $10,000 into APE, and bought around 1,000 APEs.
You want your investment to mature to $100,000.
This means that APE should reach a new all-time high price of $100 in the future.
On your preferred exchange, take advantage of conditional alerts. This helps you avoid having to do periodical checks of the price of ApeCoin.
You can set a conditional alert in the form “sell 1,000 APEs when ApeCoin reaches $100”.
Once this price is tested whether, in 2022, 2025, or 2028, the highly sophisticated system of trading platforms would close this trade. Should you see or hear that APE has tested $100 and has corrected to let’s say $80, you should know your investment goal has been reached.
Has ApeCoin made millionaires out of people?
The buzz around ApeCoin is not like SAFEMOON or SHIB. Many people have become a bit conservative about disclosing their earnings due to the prying eyes of hackers online.
Suppose someone invested $100,000 in APE when APE opened at $1 on March 17, the person purchased around 100,000 ApeCoins.
At a price around $10 in April 2022, that investment could now be worth $1,000,000 ($1 million).
With this, we can say that ApeCoin could probably have made some people millions of dollars.
Read about the pros and cons of ApeCoin, get to know the reasons why you should invest in ApeCoin, and more importantly, invest in ApeCoin an amount of money you can afford to lose.
SELL your coins once your goals are reached.
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.
Read More:
How To Make (Or Lose) Money With ApeCoin
Why We Think ApeCoin (APE) Could Be The Next Big Thing
You Asked: What If I Invest $10 In ApeCoin (APE)?
How Many ApeCoins (APE) Do You Need To Become A Millionaire?