ApeCoin price prediction 2024-2030: APE breaks key support?

Key Takeaways:

• Our APE predictions anticipate a high of $1.87 by the end of 2024.
• In 2025, it will range between $2.25 and $2.65, with an average price of $2.30.
• In 2030, it will average between $13.13 and $15.69, with an average price of $13.50.

Unlike the common sentiment of being a meme token, ApeCoin (APE) has utility. APE is an ERC-20 token that governs the ApeCoin DAO. The token also has utility within an affiliated company, Yuga Labs, the firm behind the Otherside metaverse, BAYC, and MAYC NFTs. 

Also Read: All you wanna know about ApeCoin

APE trades below its initial listing price of $8.53 in March 2022. Will APE reach $10? What will be its price in 2025? Let’s explore these and more in the Cryptopolitan Price Prediction from 2024 to 2030.

Overview

Cryptocurrency	ApeCoin
Ticker	APE
Current Price	$1.03
Market Cap	$623,196,087
Trading Volume	$38,132,952
Circulating Supply	604,895,833
All-time High	$39.40 on Mar 17, 2022
All-time Low	$0.9952 on Jun 14, 2024
24-hour High	$1.09
24-hour Low	$0.9997

APE price prediction: Technical analysis

Metric	Value
Volatility (30-day Variation)	7.65%
50-day SMA	$1.2262
200-day SMA	$1.5592
Sentiment	Bearish
Fear & Greed Index	71 (Greed)
Green Days	13/30 (43%)

APE price analysis: APE registers new ATL

Key Takeaways

• APE registered a new all-time low at $0.9949.
• It is in consolidation at current levels.

APE/USD 1-day chart: APE breaks support 

APE finally broke psychological support at $1, which had held for two straight years. This means it registered a new all-time low at $0.9949. As the momentum remains negative, a new lower record is possible. APE’s drop gradually started in March when it reached the year’s high at $2.683.

APE/USD 4-hour Chart: APE momentum slows

This chart highlights the moment APE broke below $1. Unlike popular belief, APE was not oversold when it hit the record low however, it was followed by a brief recovery to $1.09. At current levels, it has lost momentum, meaning it will move into consolidation before breaking out again.

APE technical indicators: Levels and action

Daily simple moving average (SMA)

Period	Value ($)	Action
SMA 3	1.1091	SELL
SMA 5	1.1124	SELL
SMA 10	1.1215	SELL
SMA 21	1.2035	SELL
SMA 50	1.2262	SELL
SMA 100	1.4868	SELL
SMA 200	1.5592	SELL

Daily exponential moving average (EMA)

Period	Value ($)	Action
EMA 3	1.2036	SELL
EMA 5	1.2330	SELL
EMA 10	1.2579	SELL
EMA 21	1.2660	SELL
EMA 50	1.3297	SELL
EMA 100	1.4401	SELL
EMA 200	1.5847	SELL

What can you expect from APE price analysis next?

The moving averages are bullish on APE, and the current analysis indicates bearish momentum. Over the short term, it will remain in consolidation and probably break out lower, noting the general market sentiment is bearish.

Is APE a good investment?

ApeCoin is useful within the Yuga Labs projects and is used to vote on proposals presented on the ApeCoin DAO. Our Cryptopolitan Price Prediction will show how the coin will trend in the years to come.

Recent news/ updates

June is election month for the ApeCoin DAO, and it is seeking to fill eight seats. Vacancies include two Special Council seats, two seats in the Governance Working Group, two seats in the Web3 Development Working Group, and one seat each in the Metaverse and Marcomms Working Groups. 

BendDAO x ApeCoin MarComms
🎙️ ApeCoin DAO Election OpenSpace

All @apecoin candidates and nominees are welcome to join! #DAO

🔗 Link: https://t.co/hD2OGpQDvM pic.twitter.com/OW886ylgW2

— BendDAO 🔜 V2 (@BendDAO) June 17, 2024

ApeCoin price prediction June 2024

It remains unlikely that APE will break below $1 support, which has held strong since the beginning of the year. The APE June price prediction will range between $1.15 and $1.77 and average at $1.48.

Month	Potential Low ($)	Potential Average ($)	Potential High ($)
June	1.15	1.48	1.77

APE price prediction 2024

For the second half of 2024, APE’s price will range between $1.15 and $1.87. The average price for the month will be $1.55. 

Year	Potential Low ($)	Potential Average ($)	Potential High ($)
2024	1.15	1.55	1.87

APE price prediction 2025 – 2030

Year	Potential Low ($)	Potential Average ($)	Potential High ($)
2025	2.24	2.30	2.65
2026	3.07	3.18	3.87
2027	4.54	4.67	5.36
2028	6.55	6.78	7.92
2029	9.11	9.38	11.18
2030	13.13	13.50	15.69

ApeCoin price prediction 2025

APE will trade higher in 2025. The coin’s price will range between $2.24 and $2.65. The average price for the year will be $2.30.

ApeCoin price prediction 2026

The year 2026 will experience bullish momentum. According to the ApeCoin price prediction, it will range between $3.07 and $3.87, with an average trading price of $3.18.

ApeCoin price prediction 2027

The APE prediction climbs even higher in 2027. According to the prediction, it will range between $4.54 and $5.36, with an average price of $4.67.

ApeCoin price prediction 2028

According to the ApeCoin price prediction, the price of APE will range between a minimum of $6.55 and a maximum of $7.92. It will average at $6.78.

ApeCoin price prediction 2029

According to our APE price prediction for 2029, the price of APE will reach a maximum of $11.18 and a minimum of $9.11, with an annual average of $9.38.

ApeCoin price prediction 2030

The ApeCoin price prediction for 2030 indicates a price range of $13.13 and $15.69 and an average price of $13.50. 

APE market price prediction: Analysts APE price forecast

Firm	2024	2025
DigitalCoinPrice	$2.77	$3.12
Gate.io	$1.29	$1.40
Changelly	$1.57	$2.28

Cryptopolitan’s APE price predictions

Our predictions show APE will achieve a high of $1.67 in the second half of 2024. In 2025, it will range between $2.24 and $2.65, with an average of $2.30.  In 2030, it will range between $13.13 and $15.69, with an average of $13.50. Note the predictions are not investment advice. Seek independent professional consultation or do your research.

APE historic price sentiment

• Yuga Labs founded the ApeDAO in 2022. APE was distributed and later began trading on March 17, 2022.
• Immediately after distribution, the price of APE would trade between $6.48 and $39.40. Six months later, it had dropped below $6.
• 2022 closed with APE trading at $3.
• It remained bearish for the first three quarters of 2023. In October, it had dropped to $1.09.
• The crypto market sentiment changed in October as institutional interest in crypto electronic traded funds (ETFs) rose. There was also hype leading to the Bitcoin halving event in 2024.
• As the global crypto market cap broke above $2 trillion, APE broke above $2.
• The bull run continued into 2024, pushing APE as high as $2.43. The market began reversing after the Bitcoin halving event. By April, it had fallen to as low as $1.07.