ApeCoin (APE) Accurate Price Prediction for 2023 and 2024

January 6, 2023

ApeCoin Price Prediction 2023-2030

ApeCoin Current Price $3.94 (325.95 INR)

APE Price Statistics

ApeCoin price: $3.94 (325.95 INR)

ApeCoin Rank: 30

APE Market Cap: $1.42B (117.489B INR)

ApeCoin Volume: $82.10M (6.79B INR)

ApeCoin Price Performance in Previous Months

APE Price Performance in the Previous 1 Month Was +0.4%
ApeCoin Price Performance in the Previous 6 Months Was -34.3%
ApeCoin Year to Date Price Performance Is -57.6%

Since reaching its all-time high in April, the price of ApeCoin has lost up to 90%

ApeCoin Price Prediction: Does ApeCoin Offer a Good Investment Opportunity?

APE Use Cases

APECOIN is considered to be a utility token with diverse use cases such as buying game products that the BAYC community develops.
The 3^rd-party developers operating in the ecosystem use APE tokens by integrating them into the projects, games, as well as the rest of the services.
APE is developed to provide rewards to the players who play a mobile-based play-to-earn game Benji Bananas which is created by Animoca Brands. Benji Bananas provide a Membership Pass known as the “Benji Pass.” It is a non-fungible token that permits those owning it to obtain unique tokens during their gameplay of Benji Bananas. They are also played to swap those tokens for ApeCoin.

What Benefits Are Offered by ApeCoin?

The most costly NFT collection BAYC powers APECOIN.
Hence, this token has earned a great reputation among the other tokens due to its endorsement.
ApeCoin’s one competitive advantage deals with its linkage with Yuga Labs which is arguably the top influential institution in the world of NFTs. Consequently, the ApeCoin token takes advantage of the entirety of the social capital connected to the Bored Ape Yacht Club (BAYC) and the rest of the projects run by Yuga Labs.
Apart from the NFT-related rewards, APECOIN permits payment options along with other exclusive features offered by the APE ecosystem.
Since its establishment, APECOIN has been getting considerable attention. The developers of the coin provided several benefits to enhance the use cases ultimately.

ApeCoin Price Performance in Comparison with Benchmarks Mana and Axie Infinity

Performance in the Previous 1 Month: Marginally Below Axie Infinity, Above Mana
Performance in the Previous 3 Months: Above both Axie Infinity and Mana
Performance in the Previous 6 Months: Above both Axie Infinity and Mana

In general, ApeCoin has a lot of use cases along with having outcompeted the chief benchmarks. Nonetheless, this cannot guarantee that the token offers a good Investment opportunity.

ApeCoin (APE) Price Prediction: Will ApeCoin Price Recover?

The market of cryptocurrency has been greatly volatile during 2022. While keeping in view the overall condition of the market, it is anticipated that the prices will remain down during 2023. Particularly, in ApeCoin’s case, the token may move in the footsteps of the general momentum of the entire market in some of the coming months. Nonetheless, in the future, a lot of chances exist that the ApeCoin token will have a recovery spree. Thus, the prediction is that its price will rise. The possible reasons at the back are as follows:

ApeCoin has been supported by BAYC – the most costly NFT collection.
ApeCoin additionally has a competitive advantage due to its connection with Yuga Labs. The support from Yuga Labs is enhancing its presence across the Metaverse sector, taking into account the aligned investments and a few conducted executions. In this way, ApeCoin’s demand will likely power the price value of the token.
ApeCoin’s adoption of the payments will assist the token to take its price to upper levels. Gucci is the earliest prominent brand to accept ApeCoin for payments.
As per the track record of ApeCoin, the token almost touched the $40 mark a few months ago. As a result, at the time of the recovery of the crypto tokens, ApeCoin will potentially reap more benefits than the others.

Risks Involved in Adopting the Token (APE)

There are chances for ApeCoin to drop again because of the Economic Recession. The crypto sector is additionally exposed to increased risks such as the other crypto firms or tokens running within the space can fail. In the end, procrastination in the Yuga Labs’ execution could pave the way toward a decreased demand for the token. Subsequently, this will affect the price of ApeCoin even if for the short term.

Also Read: Cosmos (ATOM) Price Prediction 2023, 2025, 2030 $1000

ApeCoin Price Prediction for 2023-2030

Gaming tokens have plunged in their price because of the lower liquidity paving the way toward decreased earnings collected from the games which are of play-to-earn nature. As the economy will likely grow in the next year’s 2^nd half, the price of ApeCoin could surge accordingly.

ApeCoin Price Prediction for 2023 Stands at $7.574 (626.73 INR)

Dissimilar to the rest of the NFT games, the name of Ape is in advance considerably prominent. Thus it could potentially express a good performance once the recovery in the worldwide economies starts.

ApeCoin Price Prediction for 2025 Stands at $14.869 (1,230.37 INR)

Making long-term predictions is considered to be quite challenging in line with a broad list of variables. Nonetheless, keeping in view the use cases, it is likely that ApeCoin will show a fine performance in the coming 8 years.

ApeCoin Price Prediction for 2030 Stands at $70.193 (5,808.26 INR)

FAQs

What Is ApeCoin (APE)?

The crypto token ApeCoin is affiliated with the Bored Ape Yacht Club and is built on the ERC-20 blockchain of Ethereum. The token provides a governance factor that was much-awaited by the community. In addition to the other things, the token denotes a governance token and offers voting rights to its holders. Hence, the ApeCoin holders have a say in the significant decisions of the platform.

While attempting to express gratitude to the present community thereof, ApeCoin determined to devote a section of reserves possessed by it to those holding Mutant Apes or Bored Apes. Hence, they will be given rewards with airdrops without any cost. The airdrop’s amount relied on the rarity of the NFTs along with the NFTs’ sum in a person’s possession.

Will ApeCoin Price Rise?

Yes, ApeCoin has the potential to see a recovery spree in the coming time in line with the positive development.

What is ApeCoin Price Prediction?

ApeCoin Price prediction is positive in the coming years if the above-mentioned conditions are met.