Connor BrookeBored Ape Yacht Club NFTs have undoubtedly entered the public’s consciousness, given the fact that many high-profile names now own one of these premium digital assets. The recent release of ApeCoin has added another ape-based asset to the crypto market, which could have massive potential in the future.
This guide will explore our ApeCoin price prediction in detail, touching on what the coin is and how it could perform, before showing you the best place to invest in cryptocurrency today – with low trading fees.
ApeCoin Price Prediction 2023
The price of ApeCoin is currently trading around the $4.40 level, having first listed in March 2022. Let’s take a look at this utility token’s long-term prospects by covering our ApeCoin price prediction for the years ahead:
- End of 2023: By 2023, we’d expect additional use cases to be implemented that give ApeCoin real utility. With that in mind, our ApeCoin forecast for 2023 predicts the coin could reach the $50
- End of 2024: ApeCoin will likely become ingrained into numerous metaverse projects over the next two years, increasing its demand from investors. If that occurs, we estimate that APE could be valued at $75 by the end of 2024.
- End of 2025: Should NFTs continue to rise in popularity, they could blend themselves with the culture. A consistent rise in NFT’s prominence can help ApeCoin remain at the forefront. As a result, the coin could reach $75 by the end of 2025.
ApeCoin
| 🐒 Coin Name | APEcoin.dev |
| 💲 Price | $0.0038930 |
| 🔆 Coin Symbol | APE |
| ⏳ Price Change 1h | 0% |
| 🌕 Price Change 24h | 0% |
| 💵 Market Cap | $0 |
| 🥇 Rank | 8008 |
| 🌐 24h Volume | $0 |
| 🔄 Circulating Supply | 0 |
| 💰 Total Supply | 10,000,000 |
ApeCoin Price History
Before you rush in and buy ApeCoin, it’s wise to understand what the coin is and how it works. ApeCoin is relatively new to the crypto market, yet the information surrounding the project already seems promising. Due to this, investors are already beginning to pay attention in the hope of achieving market-beating returns.
Put simply, ApeCoin is an ERC-20 token designed for governance and utility. Hosted on the Ethereum blockchain, ApeCoin was created and launched by ApeCoin DAO – a decentralized autonomous organization with the sole goal of growing the coin in the coming years.
This is where things can become a little confusing, as ApeCoin is also the ‘official’ token of the Bored Ape Yacht Club NFT collection. However, contrary to popular belief, ApeCoin was not created by Yuga Labs, the parent company of the NFT collection. It’s unclear why Yuga Labs has distanced itself from ApeCoin’s creation, although it could be due to regulatory concerns.
According to CoinMarketCap, there is a maximum supply of 1 billion APE tokens, with around 300 million currently in circulation. Given the current ApeCoin price, this gives the token a market cap of $1.4 billion – making it the 39th largest crypto globally.
ApeCoin pumped on launch but has not been above $10 since May and has actually spent much more time around the $4 to $6 range.
Given the hype around Bored Ape Yacht Club NFTs, the celebrity backing and connection to that project, there is no reason ApeCoin wouldn’t pump in another NFT bull run, although there is currently limited utility with the coin and members of the community have criticized its staking mechanics – which are not live yet.
But what does ApeCoin actually do? Firstly, ApeCoin was distributed to holders of Bored Ape Yacht Club and Mutant Ape Yacht Club NFTs as a ‘reward’ for ownership. Owners of original Bored Apes received 10,094 tokens, which equates to nearly $50,000 at current prices. A total of 15% of APE tokens will be allocated to NFT holders, with 47% being given to the DAO to grow the project in the years ahead.
For non-NFT holders, ApeCoin can be obtained from many of the best crypto exchanges and used as a payment method. Furthermore, since APE is the governance token of the DAO, token holders will also be able to vote on proposals from other community members.
The ApeCoin stock price debuted at $5 on March 17 and immediately surged over 250% within its first 48 hours of trading.
After a few sideways weeks, the project again pumped in early May, reaching its all-time high of around $25.
However, like much of the rest of the market, APE has struggled since then and has not been above $10 since falling below that threshold in on May 9, 2022.
Here is a brief summary of the key points concerning ApeCoin that we’ve covered thus far:
- Created by ApeCoin DAO – not by Yuga Labs.
- Acts as the ‘official’ token of the Bored Ape Yacht Club NFT collection.
- It was distributed to NFT holders as a reward, with the remaining tokens given to the DAO and other launch contributors.
- Began trading on centralized exchanges on March 17 and immediately surged 250%.
- Reached all-time high of $24.07 on April 30
- Dipped below $10 on May 9 – has not been above $8 since
- APE distributed as reward in P2E game Benji Bananas
- Released staking information in September
- Staking still not live at the time of writing
ApeCoin Price Prediction 2023
Given the media attention that ApeCoin has generated, this token could has been one of the hottest cryptos to buy in 2023 and that could continue in the next bull run.
Like with all new token listings, it’s challenging to make reliable forecasts based on technical analysis due to price still creating structure. However, we can still make some forecasts using information about the project and its upcoming use cases.
As discussed earlier, ApeCoin’s primary use case is as a decentralized payment method.
The specific projects that ApeCoin intends to partner with are currently unclear, although there are rumours that the token may become integrated with various blockchain-based games. An upcoming project from Animoca Brands, one of ApeCoin’s initial investors, as noted by Fortune.com, looks likely to use APE – helping increase demand for the token.
Another project by Animoca Brands is the only official use case for ApeCoin at present. Benji Bananas, a popular play-to-earn (P2E) mobile game, has adopted APE and enabled users to earn the token through skilled gameplay.
Although this is just one example of ApeCoin’s utility, it does pave the way for similar use cases in the future.
Staking information was also released in September but the mechanism is still not live and has been criticized as unrealistic by some members of the community.
If ApeCoin’s creators can partner with more high-profile gaming projects, it will ensure that the demand for APE isn’t just fuelled by speculation.
However, with the ongoing crypto winter and bad macroeconomic conditions affecting all coins, it is unlikely APE reaches much further than $8 by the end of this year.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
ApeCoin Price Prediction 2023
For ApeCoin to be considered one of the most undervalued cryptos, it would need to create some use cases that help steer the token away from being simply a ‘meme coin’.
This could be difficult, especially given its close link to the NFT space. However, the coin’s structure hints that it may have real-world utility in the months and years ahead.
Since token holders govern the ApeCoin DAO, there is limitless potential for what ApeCoin could be. The official ApeCoin forum has already agreed on staking and token distribution.
As time goes on, further suggestions will likely spring up from community members that could positively impact the token’s price prospects.
Aside from the governance and game-integration aspects that we have touched on already, ApeCoin can also be used to make payments to merchants.
Given the coin’s current size and status, there aren’t many companies that have opted to accept APE at present. However, Investing.com recently noted that SaltWater Brewery will begin accepting ApeCoin as a payment method – paving the way for more merchants to follow suit.
However, for ApeCoin to become one of the best Web 3.0 coins, it must be widely used across various industries.
This could pose an issue, as the coin has already (perhaps unfairly) been given ‘meme status’ in some quarters due to its name and associations. Thus, it’s unlikely that institutional investors will see much future in APE, aside from being used for rewards and speculation.
Due to this, our ApeCoin price prediction for 2023 sees the coin reach a valuation of $50 by the end of 2023, as we expect retail investors to bid up the token if another bull run starts forming.
This would represent a 1,000% increase from the current ApeCoin price.
ApeCoin Price Forecast Long Term Outlook – 2025 Prediction
ApeCoin’s success may become more apparent over the longer term once the coin solidifies a reputation for utility rather than speculation. One avenue that the ApeCoin DAO looks likely to explore is entering the metaverse.
This is already happening with Yuga Labs previously releasing ‘The Otherside’ and teasing other upcoming projects.
Furthermore, Bored Ape Yacht Club NFTs has massive celebrity and investor backing, who have a vested interest in making APE successful given their vast holdings.
Retail investors could jump on board if high-profile holders shill the project.
If NFTs continue to gain in popularity and Bored Apes remain at the forefront of the space, it would allow ApeCoin to become one of the best metaverse coins.
If this sequence of events comes to pass, it would significantly bolster ApeCoin’s utility and remove any associations with other non-functional meme coins.
Thus, our ApeCoin price prediction 2025 estimates the coin could reach $75 by the end of 2025, unless there is a major bull run on GameFi and NFT projects, in which case it could go higher.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Potential Highs & Lows of ApeCoin
Today, the ApeCoin price is down 43% from its launch price, which isn’t as bad in that time frame as some other projects, hinting there is still some confidence in the Bored Ape ecosystem.
However, as people who invest in Bitcoin will know, crypto prices can be notoriously volatile, especially those newly listed on exchanges.
Although price data is currently limited, our research for this ApeCoin price prediction has helped inform potential highs and lows that the token could experience in the years ahead.
This information should be helpful to speculative investors who are keen to note areas of interest on the price chart.
The table below presents these potential highs and lows, which are helpful to keep in mind:
| Year | Potential High | Potential Low |
| 2023 | $50 | $10 |
| 2025 | $75 | $15 |
What is ApeCoin Used For?
Now that you have a firm grasp of how ApeCoin came to be, let’s take a closer look at the coin’s use cases:
Payment Method
As touched on, ApeCoin is designed in a similar way to other Web 3.0 coins in that it can be used as a way to conduct decentralized payments. Due to the pervasiveness of ERC-20 tokens, ApeCoin can theoretically be accepted by an abundance of merchants – which isn’t the case for tokens from smaller blockchains.
Governance Token
ApeCoin DAO, the company behind ApeCoin, is governed by the token’s holders. As such, proposals are put forward by community members and then voted on by APE owners. This creates a clear incentive to own the token and will be one of the main drivers of demand going forward.
NFT Rewards
Bored Ape Yacht Club has long been considered one of the best NFTs to buy – and this was reinforced by the fact that all NFT holders received free APE tokens. In essence, this was akin to receiving free money, as NFT holders could immediately cash in their tokens for FIAT if they wished. However, given APE’s price prospects, it’s likely that holders will have retained their tokens for the time being.
Metaverse Integration
Finally, the upcoming release of ‘The Otherside’ has fuelled rumours that ApeCoin may be integrated into this metaverse, which could make it one of the best metaverse coins to buy in 2023. Like other metaverse tokens, this could mean that APE will be used as a transactional token on The Otherside’s marketplace. Furthermore, APE may also be used to reward players if this metaverse incorporates P2E elements – although this is merely speculation at this point.
Staking
The Bored Ape community agreed on a staking mechanism which is due to go live before the end of the year.
There are differing opinions on APE staking in the community, with some criticising unrealistic figures.
The mechanism has been delayed, with the latest news that the DAO will put up $4.4 million on a ‘bug bounty’ to help find any flaws in the contract.
That move is likely to delay things until December.
What Drives the Price of ApeCoin?
The ApeCoin price chart is already showing some clear upwards momentum in the token’s price, driven by numerous factors. Let’s take a look at three of the main elements that are contributing to APE’s bullish surge:
The Popularity of Bored Ape Yacht Club
Those who invest in NFTs will undoubtedly have heard of Bored Ape Yacht Club, the collection that popularized ape-based art. This collection has become so ingrained in the media that numerous celebrities (such as Eminem and Logan Paul) have purchased Bored Apes. Ultimately, this mass appeal will positively impact ApeCoin – even though the two projects are not created by the same company.
Listing on Major Exchanges
One of the main factors helping push ApeCoin higher is that the coin has already been listed on numerous major exchanges. This is quite a feat, as many centralized exchanges have high barriers to entry which are difficult for new projects to meet. At present, ApeCoin and other cryptocurrencies can be purchased on Binance, Huobi, Coinbase, KuCoin, and more.
Overall Market Sentiment
Finally, as tends to be the case with smaller coins, ApeCoin will likely follow the overall market trend until it finds its feet. Investor sentiment seems to be turning positive once more, helping push BTC (and other cryptos) higher. In turn, this positive sentiment will indirectly affect APE’s price as more liquidity flows into the crypto market.
To protect your capital against price volatility, you can earn interest on ApeCoin while holding it.
ApeCoin Video Analysis
Where to Buy ApeCoin
The next portion of this ApeCoin price prediction will focus on the investment process. As noted in the previous section, ApeCoin is now listed on numerous centralized exchanges, making it easy for crypto investors to purchase. However, if you’re interested in obtaining other coins, we recommend partnering with eToro.
Most crypto investors will have heard of eToro, as this broker has a fantastic reputation for safety and fees. In terms of the former, eToro is regulated by top-tier organizations such as the FCA, ASIC, CySEC, FINRA, and FinCEN. The platform itself is incredibly user-friendly, with investors able to trade on the browser-based platform or the dedicated mobile app.
eToro ensures its fee structure is transparent, which can be an issue with other exchanges. A simple 1% fee is charged when a trade is opened or closed, along with the bid-ask spread. Aside from this, eToro charges no deposit fees or monthly account fees, ensuring the entire trading process is cost-effective.
eToro users can fund their accounts from only $10, with credit/debit cards, bank transfers, and e-wallets (including PayPal) all supported. The minimum position size is also only $10, ideal for beginner traders. Finally, eToro also offers one of the best crypto wallets on the market (eToro Money), which is free to download and employs multiple advanced security measures to protect users’ holdings.
What We Like
Cryptoassets are a highly volatile unregulated investment product.
ApeCoin Price Prediction – Conclusion
In conclusion, this guide has discussed our ApeCoin price prediction for the months and years ahead, touching on the coin's use cases and value potential.
Although the token's utility is limited, there's undoubtedly scope for this to change - which would help drive the APE price higher over the longer term - while the massive interest and hype around the Bored Ape community will likely keep the coin relevant well into the future.
However, we would recommend looking at FightOut- which offers high utility while coming up with unique solutions to fill in gaps in the Move to Earn space.
FightOut ($FGHT) - Innovative Fitness App Racing Through its Presale
FightOut has built a one-of-a-kind fitness app to reward users for completing their daily-to-day workouts and other fitness movements.
The platform has already raised over 2.5 million USDT within a few days of its stage 1 presale launch and caught investor attention. Currently, buyers have the opportunity to purchase the $FGHT tokens at a discounted price of 0.0166 USDT per token. Also, with the CEX listings lined up from 5 April, $FGHT will rise to 0.033 USDT per token.
FightOut has created a metaverse for its users to gamify the fitness lifestyle. Interestingly, the project allows users to build their Soulbound NFT avatars. These avatars will see improvements in direct relation to the users’ real-life fitness performance. Hence, users can also compete with fellow community members through the platform’s new-age metaverse.
The platform has created its in-app, off-chain currency ‘REPS’ to incentivize users for completing various in-app challenges. Buyers can use REPS to avail membership discounts, buy cosmetic NFTs, and other similar benefits.
Investors can read FightOut's whitepaper to get a better understanding of its features.
$FGHT Tokenomics & Purchase Bonuses
$FGHT is an ERC-20-based limited supply token built on Ethereum. Out of its total supply of 10 billion, 90% of the tokens are can be bought via FightOut’s presale stages.
Users participating in the ongoing presale stages to buy $FGHT will get purchase bonuses starting from 10%. To claim the bonus, investors can start with an investment of only $500 with 6 months of vesting. Users can also get membership rewards if they stake their $FGHT tokens.
Moreover, buyers can also get up to 50% extra tokens as rewards for taking part in the presale stages. Investors can join FightOut’s Telegram channel to always stay updated.
Presale Started
14 December 2022
Purchase Methods
ETH, USDT
Chain
Ethereum
Min Investment
None
Max Investment
None
FightOut - Next 100x Move to Earn Crypto
- Backed by LBank Labs, Transak
- Earn Rewards for Working Out
- Level Up and Compete in the Metaverse
- Presale Live Now - $1M+ Raised
- Real-World Community, Gym Chain
Read more:
- ApeCoin Price Prediction – Is 6% Advance to $4.44 Start of Staking Pump?
- Fastest Growing Cryptocurrency
- Best Emerging Cryptocurrencies to Buy
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This article was written for Business 2 Community by Connor Brooke.
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