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ApeCoin Price Prediction 2024-2030: Will APE Break $1 Support?

27d ago
bullish:

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bearish:

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Key Takeaways

  • ApeCoin’s formation is in consolidation.
  • Cryptopolitan ApeCoin predictions anticipate a high of $1.83 by the end of 2024.
  • In 2030, APE’s price could range between $15.64 and $19.15.

ApeCoin (APE) is an erc-20 token that governs the ApeCoin DAO. The coin is affiliated with Yug Labs ecosystem projects such as Bored Ape Yacht Clun (BAYC), Otherside Metaverse, Meebits, and Mutant Ape Yacht Club (MAYC). ApeCOin was initially distributed to BAYC and MAYC NFTs owners through a claimable airdrop.

The coin has utility within the Yuga Labs ecosystem and is a governance token for the ApeCoin DAO. ApeCoin had an impressive performance after launch, a trend that continued for three months before it made a sharp reversal and lost all of its initial gains.

According to data from Coinmarketcap, the coin now trades below its initial listing price of $8.53 made in March 2022.

Overview

CryptocurrencyApeCoin
AbbreviationAPE
Current Price$1.23
Market Cap$740,881,471
24-Hour Trading Volume$33,523,329
Circulating Supply604,895,833
All-time High $39.40
All-time Low$1.00

ApeCoin Price Prediction: Technical Analysis

MetricValue
Volatility (30-Day Variation)7.64%
50-Day SMA$1.518
SentimentBearish
Fear and Greed Index53 (Neutral)
Green Days13/ 30 (43%)
200- Day SMA1.584

ApeCoin Price Analysis: APE Registers lower highs but maintains support

TL; DR Breakdown

  • ApeCoin trades within a narrow range after failing to break below $1 support.
  • The technical indicators on the 4-hour chart are indecisive on the market direction.

APE/ USD 1-day Chart: APE fails to break crucial support

ApeCoin trades within a narrow range after failing to break below $1 support. The psychological $1 support has held firm since 2022; the direction of the next breakout will, therefore, be pivotal in APE’s trajectory. 

APE is in consolidation as bulls are preventing any lower lows.

APE/ USD 4-hour chart: 

The 4-hour ApeCoin price analysis chart shows the coin’s negative momentum slowed, marking a break from the recent drop to $1.09. 

The technical indicators on the 4-hour chart are indecisive on the market direction. The RSI is currently at 51.33, indicating a neutral market.

ApeCoin Technical Indicators: Levels and Action

ApeCoin Daily Simple Moving Average (SMA)

PeriodValue ($)Action
SMA 31.271SELL
SMA 51.250SELL
SMA 101.252SELL
SMA 211.256SELL
SMA 501.518SELL
SMA 1001.674SELL
SMA 2001.584SELL

ApeCoin Daily Exponential Moving Average (EMA)

PeriodValue ($)Action
EMA 31.261SELL
EMA 51.254SELL
EMA 101.251SELL
EMA 211.298SELL
EMA 501.467SELL
EMA 1001.572SELL
EMA 2001.687SELL

What to Expect from ApeCoin Price?

The ApeCoin price analysis shows APE has failed to break the psychological all-time low at $1. The support holds strong. However, long periods of consolidation result in longer breakouts.

Is ApeCoin a Good Investment?

Since ApeCoin is a widely used ERC-20 token, most retailers consider it acceptable.

Additionally, the coin is already being used as NFT rewards; holders with the BAYC can immediately cash in their free APE. Our Cryptopolitan Price Prediction section will show how the coin will gain value in years to come.

Recent News/ Updated 

  • Binance has scheduled the delisting of ApeCoin futures on May 21st for unspecified reasons. Some analysts hint at the evolving crypto regulatory landscape.

ApeCoin Price Prediction May 2024

ApeCoin faces stiff support at $1, a position expected to hold in May. A further fall in price will, in May, force the coin into oversold territory as the RSI breaks below 30. Over the short term, the short-term EMA will cross above the long-term EMA to form a golden cross, which indicates a potential upward price movement.

The ApeCoin price prediction for May 2024 is between $1.00 and $1.66, with an average of $1.28. However, the support may not hold if the market sentiment remains negative and Bitcoin breaks below $55,000.

ApeCoin Price PredictionPotential Low ($)Average Price ($)Potential High ($)
May 20241.001.281.66

ApeCoin Price Prediction 2024

As the second half of 2024 unfolds, APE’s trajectory diverges from its expected breakout rally post-halving. This movement is visible as it attempts to break below its $1 support.

Presently, APE is bearish, as evidenced by the price registering lower highs. However, current predictions hint at a market reversal in June, with the first target at $1.28.

The pivotal moment will be the breach of the $1 mark; a plunge below this level could substantially decrease the probability of the price reaching the $1.83 target. Conversely, if the momentum is positive and the price rises above $1.28, it may signal a prolonged bullish phase into 2025.

YearPotential Low ($)Average Price ($)Potential High ($)
20241.001.661.83

ApeCoin Price Prediction 2025 – 2030

Year Potential Low ($)Average Price ($)Potential High ($)
20252.352.432.73
20263.373.474.00
20274.915.085.84
20287.587.838.50
202911.1011.4913.28
203015.6416.2119.15

ApeCoin Price Prediction 2025

The Yuga Labs community is quickly driving more utility into the ApeCoin ecosystem. The Otherside projects, for instance, is now conducting meetings on the metaverse, moving away from Discord, which is a milestone for the community. We anticipate more growth in 2025.

APE price prediction for 2025 sets the high at $2.73. However, in case of a market correction from the post-Bitcoin halving, the APE price might rest at $2.35, making an average of $2.43.

ApeCoin Price Prediction 2026

The year 2026 will experience more bullish momentum. As per the Apecoin APE price prediction, it will range between $3.37 and $4.00, with an average trading price of $3.47.

The growth might result from the expansion of the APE community as they continue to draw more users. 

ApeCoin Price Prediction 2027

Moving into 2027, ApeCoin price forecast will climb even higher. As per APE Price Prediction, it will range between $4.91 and $5.84, an average of $5.08.

New partnerships and developments with Yuga Labs could facilitate this growth, enhancing the utility and demand for APE.

ApeCoin Price Prediction 2028

By 2028, the analysis suggests a further acceleration in APE’s growth. As per the APE Price Prediction, the price can reach between a minimum price of $7.58 and a maximum price of $8.50, an average of $7.83.

Technological developments in the Ethereum blockchain could propel growth during this period. The market anticipates lower transaction costs and faster settlements on the Ethereum blockchain, facilitating the ease of use of APE, an ERC-20 token. APE may also migrate to ApeChain- the Arbitrum Orbit layer 3.

ApeCoin Price Prediction 2029

As per ApeCoin’s Price Prediction 2029, APE’s price could reach and maximum and minimum price of $11.10 and $13.28, respectively, with a year-round average of $11.49.

ApeCoin DAO’s ongoing efforts to secure more global partnerships and achieve wider adoption of its token might play a pivotal role in this anticipated price rise.

ApeCoin APE Price Prediction 2030

The APE coin price prediction for 2030 suggest a price range of $15.64 and $19.15, and an average price of $16.21. This long-term optimistic view hinges on APE’s increasing global recognition and adoption. As more users and payment systems incorporate the APE token, the demand could potentially surge, driving its value higher.

ApeCoin Market Price Prediction: Analysts’ APE Price Forecast

Firm Name20242025
Gov.Capital$0.893$6.690
DigitalCoinPrice$2.58$2.91
CryptoPredictions$2.375$2.128
  • CoinCodex predicts Apecoin’s price could reach a high of $5.90 and a low of $1.26 by 2025.
  • CryptoInfos on YouTube forecasts ApeCoin will drop to $0.75 in the short term; on the upside, he targets $1.7 to $2.

Cryptopolitan’s ApeCoin (APE) Price Prediction

While the short term sentiment is bearish, we anticipate ApeCoin to trade higher in coming years. The coin will achieve a high of $1.83 in the second half of 2024. In 2025, it will range between $2.35 and $2.73, with an average of $2.43. However you should note that ApeCoin has historically been highly volatile. Negative market sentiment, such as market crashes, could derail the predictions.

We expect ApeCoin’s price to attain a maximum price of $19.15 by the end of 2030. 

Apecoin Historic Price Sentiment

  • Yuga Labs was founded by the ApeDAO in 2022 and began trading on March 17, the same year. The coin registered high volatility following its distribution, with the price ranging between $6.48 and $39.40 in days. 
  • The volatility was accompanied by high investor interest; on March 24 alone, Coinbase registered a trading volume of $2.3 billion. The internet was also buzzing with the keywords APE and Bored Ape Yacht Club (BAYC).
  • APE would then register its all-time high at $39.40 moments after being listed on Binance, the world’s largest crypto exchange.
  • The bullish streak was, however, short-lived. Six months later, the coin had plummeted, falling below $6.
  • By the end of 2022, the coin plunged to $3.
  • For the first three quarters of 2023, APE maintained a bearish trend, falling from $6.05 in January to a low of $1.09 in October.
  • The market sentiment changed in October as institutional interest in crypto Electronic Traded Funds (ETF) grew. There was also hype as the 2024 Bitcoin halving event approached, an event historically accompanied by bullish market cycles.
  • The global crypto market cap crossed the $2 trillion psychological barrier, while APE rose above $2.
  • The hyped bull run continued into 2024 pushing APE to $2.43. Strangely, the market began reversing during the Bitcoin halving month, April, falling to a low of $1.07.

Image Source: ApeCoin Token Price, Charts & Market Insights | Your Crypto Hub

27d ago
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