Can ApeCoin (APE) Reach $1,000?
ApeCoin (APE) has been one of the best-performance coins of 2022. The truth is, the cryptocurrency lacks a long trading history which makes it difficult for anyone to say with certainty when ApeCoin will reach $1,000.
This is a crypto that spiked by more than 3,800% on the first day.
At the beginning of its trading experience on March 17, 2022, no analyst could have imagined that investing $500 in ApeCoin would have turned to $6,000 in less than one month.
If the cryptocurrency market experiences another bull run which is similar to late 2020 and the entire 2021 in the future, there is a huge chance ApeCoin could trade for $1,000.
However, if we are to base our projects, forecasts, and estimates on the potential price of ApeCoin (APE), 2030 seems like a time the token could test the $1,000 price milestone.
All other things being equal, we assume that ApeCoin will make gains from every bull run and increase substantially in value.
Will ApeCoin Reach $100 In 2022?
Between now and the last day of 2022, there is a huge probability that ApeCoin APE could hit the $100 mark, and reach a new all-time high in the process.
In March 2022, the coin was a few cents shy of crossing the $40 mark. The primary driver of such a rally hinges on APE's adoption as a mainstream cryptocurrency.
Ordinarily, exchange listings, the launch of projects on a protocol’s ecosystem, and the announcement of the use of coins as transactional currencies by mainstream companies lead to the soaring of prices.
As of writing, ApeCoin has the support of all the largest cryptocurrency exchanges by trading volume, and the effects of this have already been priced in the value of the token.
Aside from this, the ApeCoin ecosystem is still young and continues to find developers that will add more innovations to it.
What this means is that in the short term, ApeCoin can only rely on mainstream adoptions like Bitcoin (BTC), Litecoin (LTC), Dash (DASH), Tronix (TRX), Dogecoin (DOGE), Zcash (ZEC), and Shiba Inu (SHIB) are supported as payment methods by several businesses.
Once this happens, the popularity of APE and its accessibility could drive the coin’s price towards the $100 mark.
With many NFT lovers believing in Bored Ape Yacht Club (BAYC) and upcoming projects by Yuga Labs, the fear of missing out (FOMO) could set in.
Once this happens, unsophisticated traders and investors (those who make investment decisions without the backing of fundamental and technical analysis) could pour more liquidity into the token.
This could see ApeCoin experience multiple percentage swings to the upper side of price charts.
To separate specifics from generalizations, we have to consider what analysts, experts, and gurus at reputable crypto forecasting portals think about the prospects of investing in ApeCoin in 2022.
According to analysts at CoinDCX Blog, the $100 milestone is too tall a mountain for ApeCoin to climb in the short term. They believe that ApeCoin could trade in the range of $30 to $35 by the close of 2022.
According to Cryptonic, APE could reach a regular trading price of $18.61, the least possible price of $18.09, and the best possible price of $20.57 by the end of 2022.
According to Crypto Academy, the novel token behind the ApeCoin ecosystem could command a minimum trading price of $60, and a maximum trading price of $80 on the last day of 2022.
Experts at Digital Coin Price believe APE could have an average trading price of $15.44, a minimum trading price of $14.75, and a maximum trading price of $18.68 on Dec. 31, 2022.
Price Prediction projects ApeCoin APE to command a regular price of $18.85, the lowest price of $18.16, and the best possible price of $21.75 on the last day of 2022.
Experts at Wallet Investor foresee ApeCoin trading for an average price of $13.482, a minimum price of $10.602, and the maximum price of $16.308 by the close of 2022.
After separating expert analysis from generalizations, it is clear as day that the highest price APE is predicted to reach is $80.
Therefore, you should know that investing in ApeCoin with the $100 price milestone as a goal by the end of 2022 may not be feasible.
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.
ApeCoin Possible Price Correction In 2023
Although there are whispers of a price correction in 2023, no one can determine the price patterns of such a volatile market.
With that said, some analysts believe APE will experience a slight increase in price while some think the token may face some corrections.
Will there be an ApeCoin price correction in 2023? Let us examine the predictions of analysts, gurus, and experts.
According to Wallet Investor, ApeCoin could have a regular trading price of $15.088, a minimum trading price of $12.277, and a maximum trading price of $17.928 by the end of 2023.
According to Digital Coin Price, ApeCoin could command an average trading price of $17.55, the lowest possible price of $15.98, and the best possible price of $19.05 by the year’s end of 2023.
Analysts at Price Prediction remain optimistic about the future price patterns of APE. Per their estimations, APE could have a regular trading price of $27.12, a minimum price of $26.37, and the maximum price of $31.89 on the last day of 2023.
Experts at Changelly Blog are super bullish on the fortunes of ApeCoin in 2023. Per their forecasts, ApeCoin could reach a new all-time high price of $55 by Dec. 31, 2023.
Analysts at Gov. Capital do not believe a bearish engulfing will lead to a drop in the price of APE in 2023. Per their projections, ApeCoin could command an average trading price of $21.770, the least possible price of $18.5045, and the best possible price of $25.0355 by the close of 2023.
Marco Deon at Cryptonic thinks Ape could trade for the normal price of $27.30, the lowest degree price of $26.56, and the greatest degree price of $30.80 by the year’s end of 2023.
Inasmuch as there is projected positive crypto market sentiment in 2023, per the analysts, there was not a single forecast that saw the crypto token hit the $100 price milestone.
Will ApeCoin Hit The $500 Mark In 2025?
ApeCoin could reach the $500 price milestone only if it can gain at least 3,200%. This can only happen if the project has one of the most vibrant ecosystems in the space.
We should not forget that cryptocurrencies such as Internet Computer (ICP) have a large ecosystem and development activity continues to soar. Despite this, ICP continues to trade for less than 60% of its all-time high price recorded in May 2021.
Therefore, all the facets of price drivers such as mainstream adoption, many DAPPs to support the ecosystem, and the pouring of liquidity which will be reflected in trading volume should favor ApeCoin in the years leading up to 2025.
Why are these price drivers important?
Do not forget that in the first two months of 2022 in addition to the first 2 weeks of March, ApeCoin was not part of the crypto finance space.
Three years is a long way and thousands of tokens are currently in development which will be backed by more innovative blockchain technologies in 2025.
If ApeCoin does not meet all these requirements, it may trade in a price recovery region for a long time like Shiba Inu (SHIB) and SafeMoon (SAFEMOON) in 2022.
Aside from APE, some of the biggest gainers of 2022 are Waves (WAVES), Lido (LDO), and Terra (LUNA) among others.
In the crypto finance, anything can happen.
What separates us from the competition is that we source credible forecasting by analysts who are well-versed in the space. Therefore, let us take a look at some of the estimates by some of the most reputable analysts.
Price Prediction believes by the end of 2025, ApeCoin could command an average trading price of $56.70, the least possible price of $55.18, and the best possible price of $63.16.
Digital Coin Price thinks on the last day of 2025, ApeCoin could have a regular price of $23.62, a minimum price of $20.82, and the maximum price of $26.42.
Cryptonic projects that by the year’s end of 2025, ApeCoin could have a normal price of $60.52, the lowest degree of $58.82, and the greatest degree of $70.97.
Wallet Investor foresees APE reaching a regular price of $18.193, a minimum price of $15.299, and a maximum price of $21.199.
Changelly Blog predicts APE could command a trading price of $60 by the end of 2025.
From the detailed forecasts provided, the biggest APE has been projected to reach in 2025 is $70. This is $430 less than the $500 milestone.
With that said, ApeCoin could face slight corrections in the years leading up to 2030.
This is because when there is a price spike, it is an opportunity for investors to lock in gains, and take away profits.
Once this happens, recovery ensues, and this could take months to years before previous highs are surpassed.
Check Out: Should You Buy ApeCoin (APE)? 5 Pros, 5 Cons
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Will ApeCoin Reach $1,000 In 2030?
Now, let us get into the details of how APE can hit $1,000 by 2030.
ApeCoin could reach $1,000 in 2030 if it could trade in the region of $500 to $700 by the close of 2028.
It took Ethereum more than five years of trading experience before surpassing the $1,000 price milestone in 2021. The only reason why Ether (ETH) reached new price milestones every other month in 2021 was due to institutional demand for cryptocurrencies.
Aside from the price drivers earlier pointed out, if asset management firms such as Grayscale set up something like GrayScale ApeCoin Trust as they have done for other tokens, $1,000 could be attainable.
Aside from the “ifs” and “buts”, what are trading gurus, blockchain enthusiasts, and decentralized finance fans estimating for ApeCoin in 2030.
According to Crypto Academy, APE could be rolling around between $300 and $350 by 2030. While, Digital Coin Price thinks ApeCoin could command an average trading price of $55.13, a minimum trading price of $53.47, and the maximum trading price of $57.50 by the end of 2030.
Per the predictions of analysts at Capital.com, APE could soar to $370.68 on the last day of 2030.
Per the forecast of experts at Price Prediction, ApeCoin could command a regular trading price of $370.68, the minimum price of $358.05, and the maximum price of $420.66 by the year’s end of 2030.
Cryptonic believes APE could command a normal trading price of $407.42, the least worth of $393.40, and the maximum worth of $475.41 in 2030.
APE shows a lot of promise but the onus falls on you to research extensively about the project before throwing huge sums of money into it.
ApeCoin has worked for some investors and could work for you too.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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