ApeCoin (APE) Price Predictions 2022-2026 (Highly Realistic)

Almost every ApeCoin price prediction is either overblown or undervalued. ApeCoin has the potential to reach over $100 or drop back to single digits if the developers fail to deliver on their promises. So investors should be wary before jumping in.

Launched in March 2020, ApeCoin (APE) is considered one of crypto’s newborns. It has been at the center of traction for some days, causing investors to seek reliable Apecoin price prediction and analysis.

Given that APE is a fairly new token, it is almost impossible to accurately predict or forecast its price. However, one can draw insights from the project’s outlook and technical charts to make predictions of likely scenarios. This is not to be construed as investment advice and is only used for informational purposes.

In this article, we will consider the following:

What is ApeCoin?

The Bored Ape Yacht Club (BAYC) has meddled in the crypto market for a while now. The club is the project behind the famous Bored Ape NFT. But the group has gone beyond NFTs to launch ApeCoin, joining a long list of cryptocurrency projects that have at least one native token.

ApeCoin (APE) is an ERC-20 token, meaning it currently lives on the Ethereum blockchain, but the project plans to transition the token into a fully-fledged decentralized autonomous organization (DAO).

APE was introduced to the market through an airdrop that rewarded those who held the club’s NFT. Dedicated to this cause, 150 million of the total 1 billion token max supply was distributed to NFT holders.

(Source: Dune Analytics)

As of the time of writing, more than 95% of the designated addresses have claimed the drop, while 88% of the total tokens to be given out have been claimed. Following the start of the airdrop, it garnered a lot of attention as it got listed on several exchanges and trading platforms.

ApeCoin is expected to cover the following roles:

• DAO governance
• Spend currency on the ApeCoin ecosystem.
• Access to exclusive perks such as games, events, merch, and other related services offered by the Apecoin DAO.
• Incentivizing developers to participate in the ecosystem through integration with other games or services that promote ApeCoin adoption.

Read More: What is Apecoin?

Factors That Can Drive ApeCoin Price

It is no longer news that there are times when the entire crypto market is either bullish or bearish. One such period could be seen over the last two months as most cryptocurrencies failed to surge or saw very little increase.

There are times some projects thrived during this situation and that was due to a positive story. When this happens, it succumbs to the general sentiment once the hype is gone. We may conclude that with the FOMO surrounding APE dying off, it will be subjected to the normal state of the market.

However, being tied to an NFT, it will see more hikes than other cryptocurrencies or defy the factor under consideration when that sector receives more attention.

As previously stated, Ape Coin is currently an ERC-20 token on the Ethereum blockchain with plans to transition into a fully-fledged decentralized autonomous organization (DAO). The announcement of a full conversion to DAO is a foreseeable story that could cause massive surges.

As seen in Solana and other cryptocurrencies, a major improvement to its ecosystem could cause massive increases in price. Will that happen this year?

As a fairly new token, there is limited data and most indicators are not available on its chart. However, we recall that most of the coins that saw such a massive surge as ApeCoin all experienced corrections that saw them lose at least half their value.

The asset under consideration is 69% lower than its all-time high. Is the retracement over? Only time can answer that question. Nonetheless, we observed that after the initial pump, the previously highlighted projects always have a consolidation phase before another intense buy.

Failure to recover from the initial price correction could see ApeCoin since further below and smash any outrageous price prices by investors.

ApeCoin Price Predictions for 2022

Being a fairly new token, ApeCoin is yet to experience any other constraints like its predecessors. However, we observed that APE is currently the ninth most purchased token by Ethereum Whales. It has maintained its stay in the top 10 for more than seven days since its launch.

ApeCoin was the most traded crypto by this group of traders during this period. Unfortunately, the hype surrounding the token is slowly fading, resulting in its inability to surge. It is currently recovering from a two-day downtrend and is up by almost 10%.

The price decrease began as the project became overbought. Using the 2-hour chart we observed that the token is seeing more buys at the time of writing which translates to the most recent hike.

ApeCoin’s prospects for 2022 are still unclear as most new tokens thrive on announcements of enlistment on major exchanges. Most of the time, these listing news stories come at different periods, which may rejuvenate the dying vibe. However, the first two days of the token’s introduction to the market saw all the major exchanges listings.

As of 2022, we are almost certain that APE won’t be getting any price increases from the new exchange listings. Instead, it is now subject to general sentiments in the crypto market (including interest in NFT) and major changes or improvements to its ecosystem.

However, the principle of price growth following the initial sell-off  mostly guarantees a more 100% increase from the low. Sticking to this trend, we may expect APE to gain more than twice its current value before the end of the year. Hence, ApeCoin may see a close above $30 in 2022 if the current market conditions remain consistent.

ApeCoin Price Forecast for 2023

A full conversion to ApeCoin DAO may take place in 2022. The execution could unlock more use cases and roadmaps for the ApeCoin ecosystem over the next year. Such factors may boost the coin’s popularity and prices as well.

If the token closes in 2022 above $30. We may see it surge as high as $45 during the first half of 2023. The APE/USD pair may see a high above $50 before that period ends.

ApeCoin Price Outlook for 2024

By 2024, NFTs may have become more popular and early generation tokens like BAYC may become more valuable. This will likely positively affect the price of ApeCoin and help the asset maintain the same momentum from the previous year.

Going by past records, the year 2024 could also be historic for the crypto market. The Bitcoin halving typically leads to a bull run, a situation that Apecoin may benefit from.  Such a bullish scenario might result in a possible 100% increase and see Apecoin trade around $100 by 2024.

ApeCoin Price Prediction For 2025

The spill of past year’s sentiment into 2025 may shape price actions. Depending on how APE performs during the last month of 2024, the asset may retrace during the first quarter but recover during the second.

This may encourage another massive round of rallies that may see ApeCoin manage at least a $90 conservative price in 2025. On the flip side, the APE could end up setting new highs and surprise long-term investors.

ApeCoin Price Prediction for 2026

Depending on the close of the preceding 365 days, APE should open 2026 with a price of at least $80. We may expect intense trading action during the first and second quarter. During this period, ApeCoin may see a high above $120.

Frequently Asked Questions About ApeCoin Price

Will ApeCoin Supply Affect Its Price?

Yes. It is worth noting that ApeCoin has a supply of 1 billion coins. At the time of writing, only 277.5 million Apecoins are in circulation. Like other cryptocurrencies, the release of locked token holdings will likely have an impact on prices as existing investors get diluted. Only a strong demand for the asset and a carefully planned release schedule could help mitigate the impact of such token release.

Is ApeCoin a Good Investment?

ApeCoin can be a good investment if it manages to survive the long-known outcome of certain overhyped crypto assets. For one thing, ApeCoin is the first large-scale token backed by a leading NFT collection. However, the team would need to deliver on its roadmap promises or risk losing public attention. If such an ugly scenario plays out, then Apecoin could turn out to be a bad investment in the long-term.

What is the Worst ApeCoin Price Prediction?

Hope for the best, but expect the worst. The worst-case scenario for ApeCoin would involve the coin’s price trending towards $0. This could happen if some of the project’s lead developers announce an exit, or if the NFT space enters a lengthy bear market. Other unforeseeable events such as the hack of the ApeCoin DAO treasury, or other community conflicts could also result in a highly bearish ApeCoin price.

Also Read: Tectonic Crypto Price Predictions

Conclusion

This article explained what ApeCoin is and its unique role in a diverse crypto market. It also sets forth some realistic ApeCoin price predictions that span 2022-2026. We also considered a few factors that could determine the price of the asset under consideration. Lastly, we reviewed frequently asked questions about the ApeCoin price and what the worst case scenario could be for the asset.

It is important to note that ApeCoin, like most cryptocurrency projects, is still under development and may require a major upgrade or two over the next five years. These developments will affect the coin as it may be subjected to more volatility.  The information above should not be construed as investment advice and should only be used for informational purposes.