ApeCoin (APE) is the native governance token or cryptocurrency that boosts the decentralised community of the APE ecosystem. APE has been created as the base token for all new products and services to be launched from Yuga Labs, the company behind the APE community and NFT projects.
ApeCoin is simply referred to as the meme token built in the crypto platform. The platform claims to benefit the loyal long-term token holders with various future projects.
In this article, we are going to see about the trending cryptocurrency coins (Apecoin price prediction), their sudden price hike and their various other potentials. Let me explain to you its various features, prediction, price, supply and the company behind it and other important things behind it. Let’s jump into the article directly without further delay…
All you need to know about ApeCoin:
ApeCoin is basically an ERC-20 token, a specific feature of build-it-yourself cryptocurrency which is in circulation on the Ethereum blockchain. Most of the Ethereum-based social tokens might be memes or any token that have taken off over the past year are built using this type of framework for its efficiency.
Unlike most of the NFTs, Ape Coins are meant to be “fungible” – as with bitcoin (BTC), anyone ApeCoin is worth exactly as much as any other ApeCoin which is equal to its similar coin, and you can buy and sell them freely on a various decentralised exchange, which is a kind of digital trading platform for a wide range of cryptocurrencies.
Almost each and every major centralised crypto exchange platform listed the token immediately after its launch into the crypto market. The newly launched NFT platform of ApeCoin is known as the Monkey Firm. This ApeCoin is also feasible to use to get access to its exclusive games, various services, and upcoming events.
Who is the founder of ApeCoin and who manages Ape Coin Price?
The founder of this ApeCoin is Bored Ape and Mutant. The official website of this ApeCoin mentions their team members and their role.
Below are the details of the team who manages ApeCoin :
• Geek Ape manages the Development Department
• Hype Ape is in charge of the Community Lead
• Boomer Ape manages Finance and Economics Department
• Visionary ape is in charge of Creative Department
Understanding ApeCoin and the Ecosystem
The APE ecosystem is a community organized by Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC), two of the most popular and widely known NFT collections today on the Ethereum blockchain platform.
Since the launch of ApeCoin Crypto in April 2021, BAYC has become the biggest brand in the NFT platform with multi-million-dollar sales and a growing list of celebrity owners who have purchased a wide range of NFTs including Serena Williams, Adam Draper, Eminem and Mark Cuban. The base floor price to buy any of the 10,000 unique BAYC NFTs is currently set at 100 ETH (which is equivalent to Rs 2.2 crore). Yuga Labs company has recently acquired two of the other biggest NFTs, CryptoPunks and Meebits.
Also Read: Top 10 cryptocurrencies
Till now, the ApeCoin developed a unique platform with the support of extra rewards, burns, airdrops, and buybacks which you already might be aware of and also through various fan events. Below are the details about ApeCoin token distribution.
ApeCoin Circulating Supply: 3,998.825
Key Partners: 1,000,000
Total ApeCoin distribution is ten lakhs.
After just one day of trading, ApeCoin had a market capitalization of almost $2 billion which is really huge; one ApeCoin is currently worth around $13 – $14 and the total supply of tokens is clocked at one billion.
ApeCoin current price: $ 13.87
Market Cap value: $3,785,306,408
Trading Volume: $ 4,647,282,445
Market cap Dominance: 0.09 %
Volume / Market Cap: 2.6198
24 hour Low/ 24 hour High: $ 11.25/ $17.17
7 day Low /7 day High: $ 7.18/ $ 17.17
Market Cap Rank: #66
All-Time High: $17.17
All-time Low: $6.21
Change in price for last 24hrs: 17.3 % upwards
24 hour trading volume: $2,499,450,690 (183,234,193 APE)
Circulating Supply: 277,500,000 APE
Total supply: 1,000,000,000 APE (1 Billion)
Fully diluted Valuation: $ 13,517,122,256
ApeCoin Live Price Chart
The ApeCoin was initially launched on March 17 and has quickly moved toward the main 100 of the exchanging cryptos. Additionally, it was added to many significant trades and every last bit of it together made the resource’s value skyrocket to $17 on the following day.
Somewhat recently, the APE token has seen a major setback. After at first ascending to $18 ApeCoin graph declined 40% and the resource was pulled off to $10. This caused a drop in the entire market capitalization.
From that point onward, the Ape coin has encountered massive acknowledgment, like the acquirement of the token by the huge wallet financial backers, acknowledgment of it as a proportion of instalment by Time magazine, however, it didn’t assist the resource with recuperating the cost after the monstrous drop.
Below I have resourced and collected the most reliable price projections or predictions for ApeCoin (APE) for you from popular forecast platforms for you to understand the value of this coin.
Price Prediction for 2022
As of the end of 2022, ApeCoin price predictions remain positive, with some analytics promising the price at about $0.000001, while the Trading Beast platform even cites the possibility of the price reaching $27.856 by the end of the year.
Potential ROI: 1819942226%
Price Prediction for 2023
According to the Trading Beast platform, in 2023 ApeCoin investors should expect price growth to $37.571, which seems a good reason to consider ApeCoin as an investment option. The Wallet Investor platform predicts the price increase to $0.000001, and the Price Prediction site agrees with a predicted growth to $27.3.
Potential ROI: 2540814189%
Price Prediction for 2024
ApeCoin price predictions for 2024 are still positive, with some analysts promising prices in the $42.46–$42.595 range (Price Prediction site, Trading Beast platform), while the Wallet Investor platform takes a different view and cites the possibility of the price reaching $0 in December 2024.
Potential ROI: 3331364556%
Price Prediction for 2025
Trading Beast platform has only optimism in store for the 2025 ApeCoin price prediction, valuing ApeCoin at $46.01 by the end of 2025. Price Prediction site agrees with a positive forecast and predicts, in turn, $60.52 for the same period. On the other hand, Wallet Investor’s team is more pessimistic — their ApeCoin price prediction for December of this year is just $0.
Potential ROI: 4172479786%
Price Prediction for 2030
Most experts are expecting an encouraging future for ApeCoin: long-term ApeCoin price predictions promise significant growth by 2030. The Wallet Investor platform predicts the price to reach $0.000001, while the Trading Beast platform goes for $22.5449. Price Prediction platform also puts big hopes on ApeCoin in the long term: its ApeCoin prediction for 2030 is $407.42.
Is It Really Worth Buying ApeCoin Right Now?
Considering that the cost of ApeCoin has flooded by over 1,000% in the past 24 hours, I would agree that the future is looking brilliant for ApeCoin cryptocurrency. Obviously, the relationship with Yuga Labs and the ensuing Bored Ape Yacht Club is in itself, a significant resource for the development of this coin. We additionally feel that the component of ‘FOMO’ may keep on driving the cost higher in the short term, at any rate assuming the current energy and exchanging volume stays strong.
So, I clearly can’t anticipate the future with any sort of assurance. So therefore, I would prompt that you play out your own reasonable level of effort and weigh up whether this is an appropriate investment for you personally.
Here are some other articles that you may be interested in:
- Top 10 Cryptocurrency – Detailed Overview
- 7 Important Dogecoin News
- Crypto Market: 12 Rich Facts About it
ApeCoin Cryptocurrency is without question a very exciting project that is arising in the crypto platform. Certainly, it’s still promptly in the day, yet the basics are solid, just like the local area behind this digital currency. Because of its relationship with NFTs, and the conceivable commitment with play to acquire crypto games sooner rather than later, we truly feel that ApeCoin could be a significant disruptor. It’s likewise been set up as an ERC-20 token, which is another layer that incorporates flawlessly with the Ethereum blockchain.
Do have a look at the above blog again to have a better view on investing in this coin, do share this valuable investment option if you find it useful and do leave your thoughts on this APE coin Crypto down in the comment section.
However, I leave in your hands whether you ultimately decide to buy ApeCoin crypto or not is a personal investment choice.