Will ApeCoin (APE) Reach $500?

Last Updated April 25th 2022
6 Min Read

Is ApeCoin a good investment? Will ApeCoin reach $500, and if yes, when will ApeCoin reach that target? 

These are some of the trending questions that continue to flash through the minds of long-term APE holders.

Well, ApeCoin has been one of the most patronized cryptocurrencies in 2022. 

The cryptocurrency ignited a media buzz in March that saw its price skyrocket by more than 3,000% to an all-time high price of $39.40 on its first day of launch.

The majority of the crypto community believes the ERC20 token will command relatively higher prices than it currently has in the not-too-distant future. 

Most of them think the popular coin is raking in the rewards of its popularity and the fear of missing out (FOMO).

Seeing the relatively lower price range ($10 to $15) which ApeCoin trades by in April 2022 and the insurmountable mountain it has to climb before it reaches $500, some experts are not convinced about the prospects of APE hitting $500 in the short term.

Let us examine when ApeCoin will hit that target.

When Will ApeCoin Reach $500? 

Apecoin image

Due to the potential of the ApeCoin project, we have conducted an independent study on ApeCoin Price Forecast 2022-2031. 

We have come across several forecasts that project ApeCoin to reach $500 or more in the future. 

Let us take a look at the estimations on the question, when will ApeCoin reach $500?

According to the analyst at Price Prediction.net, APE could reach $500 in 2031. Per their forecast, ApeCoin could reach the best possible trading price of $512.71 by the end of 2031

APE could reach $500 in 2025, according to the trading gurus at Coin Data FlowAccording to them, if ApeCoin has 100% of Bitcoin’s previous average growth per year, the coin could command a price of $541.97 by the end of 2025

In addition to this, if all the aforementioned metrics are maintained, they estimate APE to command the highest possible trading price of $1,950.73 by the close of 2026.

ApeCoin could trade in the range of $500 in the long term, per the prediction of the Service Center.  According to the trading gurus, APE could command the lowest possible trading price of $400 and the highest possible trading price of $800 by the year’s end of 2040

In the very long term, in 2050, ApeCoin could trade for a minimum price of $800 and a maximum price of $1,500

According to the analysts at Telegaon, ApeCoin could reach the maximum price of $518.94 by the year’s end of 2040After 10 years in 2050, they believe APE could command an average trading price of $1,142.36, the least possible trading price of $1,032.13, and the best possible trading price of $1,202.76

Based on the report by the Cryptocurrency Price Prediction, ApeCoin could reach $503.04 in September 2030 and close the year with a new all-time high price of $521.28

Based on the report by analyst Marco Deon at Cryptonic, ApeCoin could command a regular trading price of $580.55, the lowest possible trading price of $564.26, and the highest possible trading price of $686.01 by the year’s end of 2031

Referencing the projections made by analysts concerning when will ApeCoin reach $500, APE could reach $500 by the end of 2030. The year 2030 is the magic year that most trading gurus and experts foresee APE reaching such a milestone that could bring enormous gains to the portfolio of many of its holders. 

This means investing $1,000 today which could buy you around 83.33 APEs could mature to more than $40,000 someday.

Don't Miss Our In-depth ApeCoin (APE) Price Prediction.

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

What Happens If ApeCoin Reaches $500? 

If ApeCoin eventually reaches $500 in the future, these are some of the events we can expect from such a milestone:

Draw more traders and investors to APE tokens ― Before ApeCoin reaches the $500 milestone, the coin would have been through several price corrections and resistance. This would prove the coin’s resilience to bearishness. Once this happens, millions of traders and investors would take to the token since it could reach unrealistic targets and bring more sparks to their portfolios. 

Challenge mainstream cryptocurrencies ― As of writing, Bitcoin (BTC), Ethereum (ETH), Maker (MKR), Binance Coin (BNB), Yearn Finance (YFI), Tether Gold (AUT), Beefy Finance (BFI), and Bitcoin Cash (BCH) are digital assets that have tested the $500 price mark. Once APE reaches $500, the next mark will be $1,000, and this milestone has been attained by a few coins. 

As of writing, APE is a top 50 digital asset by market capitalization. Once ApeCoin reaches $500, the entire project could break into the top 10 rankings, and become more worthy than most Fortune 100 companies. 

More developers will be drawn to the APE ecosystem ― The milestones attained by Ether (ETH) in a market of more than 18,000 coins have been reflected positively in the Ethereum ecosystem. Despite the efforts of Binance Smart Chain (BSC), Solana (SOL), Avalanche (AVAX), Cardano (ADA), Eos (EOS), Internet Computer (ICP), and TRON (TRX) to gain a share of the DeFi/NFT market, Ethereum controls more than 60% of these spaces. This is in part to developers opting to build their innovative decentralized protocols and applications (DAPPs) on Ethereum so that their projects would be patronized by millions of DeFi fans.

In the same way, should APE reach $500, it would draw more developers to its ecosystem. 

Once this happens, there will be more development activity which will add to the existing projects foresighted by the ApeCoin Foundation. 

In addition to this, the ApeCoin Foundation could be pressured into moving into a blockchain they own (like Tron and Binance did in 2020). 

Before ApeCoin reaches $500, the cryptocurrency will need to cross the $100 milestone first. 

So, when can we expect ApeCoin to reach $100?

Will ApeCoin Reach $100 in 2022? 

Well, ApeCoin could reach $100 someday. As of April 2022, looking at the coin’s dependence on the Bored Ape Yacht Club (BAYC) and reliance on positive news from Yuga Labs to bolster its price, it would be difficult for ApeCoin to reach $100 in 2022. 

After doing an extensive study about the future price patterns of the cryptocurrency, not one analyst out of twenty at reputable crypto news and forecasting portals think ApeCoin could reach $100 in 2022. 

The highest APE has been forecasted to reach is $50.

 Is ApeCoin A Good Investment? 

YES! ApeCoin is a good investment and it is a digital asset you should consider adding to your crypto portfolio. 

With that said, you should not invest in APE with a mindset of reaping short-term gains. 

ApeCoin could work for medium to long-term investors. This is where analysts have made most of the bullish forecasts about ApeCoin. 

Always remember that ApeCoin Price Predictions are based on possibilities and not certainties. Therefore, always factor into perspective risks and rewards. 

Once the rewards of investing in ApeCoin outweigh the possible consequences of the risks involved, you can go ahead and buy ApeCoin.

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

Conclusion: Will ApeCoin Reach $500? 

With the roadmap of the ApeCoin Foundation, the popularity of the Bored Ape Yacht Club, the support of major stakeholders in the crypto finance space, and the backing of all the biggest cryptocurrency exchanges could see APE reach $500 in the short and long term. 

With high hopes of a bull return towards the second half of 2022 or early 2023, APE has the potential of bringing more than 1,000% returns to your investment. 

Overall, APE has transformed the portfolio of millions and could do the same for you.

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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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