Apecoin (APE) Price Prediction 2023-2030: Will APE Price Hit $5 Soon?

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Apecoin (APE) Price Prediction
  • Bullish Apecoin (APE) price prediction ranges from $2.4 to $7.
  • Analysis suggests that the Apecoin price might reach above $6.5.
  • The Apecoin bearish market price prediction for 2023 is 0.8.

What is Apecoin (APE)?

Apecoin (APE) was launched on March 17th, 2022 by the team behind the Bored Ape Yacht Club that inspired the creation of the Yuga Labs.

APE is the Ethereum-based token used in the Apecoin ecosystem to build a culture of arts, entertainment, non-fungible tokens (NFTs), and next projects. The APE token helps in driving the Apecoin ecosystem into the metaverse as a decentralized protocol layer that is powered by its community.

The presence of the Apecoin Ecosystem Fund is to provide the resources that are needed the run the expenses of the APE Foundation. The fund is a multisig wallet that ensures more security as instructed by the Apecoin DAO. 

The Apecoin DAO is an infrastructure that ensures that APE token holders contribute to the policy and governance decisions of the Apecoin Foundation.

Apecoin (APE) Market Overview

🪙 Name APEcoin.dev
💱 Symbol APE
🏅 Rank #3174
💲 Price $2.0358326745
📊 Price Change (1h) -0.07 %
📊 Price Change (24h) 0.16 %
📊 Price Change (7d) 5.47 %
💵 Market Cap $0
💸 Circulating Supply 0 APE
💰 Total Supply 10000000 APE

APEcoin.dev (APE) is currently trading at $2.0358326745 and sits at number #3174 on CoinMarketCap in terms of market capitalization. There are 0 APE coins currently in circulation, bringing the total market cap to $0.

Over the past 24 hours, APEcoin.dev has increased by 0.16%. Looking at the last week, the coin is up by 5.47%.

Analysts Views on Apecoin (APE)

A  crypto fanatic on Twitter with 10 Bored Ape NFT tweeted that he has also staked all of his Apecoins in the hope of going bullish.

Another tweet of the metaverse strategist at HorizonLabs mentioned that there would be opportunities of making Apecoin the currency of the metaverse. If that happens, Apecoin can break its current high, although it is in the bear era. 

Apecoin (APE) Current Market Status

The maximum supply of Apecoin  (APE) is 1,000,000,000 APE, while its circulating supply is 368,593,750 APE, according to CoinMarketCap. At the time of writing, Apecoin is trading at $1.15 representing 24 hours increase of 4.83%. The trading volume of Apecoin in the past 24 hours is $81,794,985 which represents a 29.57% decrease.

Some top cryptocurrency exchanges for trading Apecoin (APE) are Binance, Coinbase, Kucoin, Kraken, Bitfinex, Bitstamp, and others.

Now that you know Apecoin and its current market status, we shall discuss the price analysis of  Apecoin  (APE ) for 2023.

Apecoin (APE) Price Analysis 2023

Will the Apecoin blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect APE’s sentiment over time? Read more to find out about Apecoin’s 2023 price analysis.

Apecoin (APE) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.

APE/USDT 1-Day Chart Showing Bollinger Bands (Source: Tradingview)

When looking at the chart above, we can see that APE was falling after the drastic rise that it had. It was registering lower lows and lower highs for the past months of 2023. Moreover, most of APE’s activity was in the lower half of the Bollinger bands, with APE trying to recover and being rejected at the SMA. Currently, APE seems to be recovering after it touched the lower Bollinger band (oversold). 

As such, there is the possibility that APE could reach the SMA in the future. And, if the same downtrend is maintained by the dominant bears, then APE could be rejected again at the SMA. However, if the bulls take charge of APE, then, it could break the SMA and reach the upper band.

APE/USDT 1-Day Chart Showing Bollinger Bands (Source: Tradingview)

The above chart shows how APE has been on a downtrend since February 2023. The Bollinger Band super trend indicator’s red patches show that the bears have been dominant in the market, with the bulls sneaking every now and then with unsuccessful attempts. Although there seems to be very little expansion of the Bollinger bands, the Bollinger band width percentile shows a value of 84%, which usually happens when the bands widen. 

This shows that APE is consolidating as the buyers and sellers outnumber each other by a small margin. Since the BBWP indicator has reached its maximum, we could expect the prices of APE to come down. 

Apecoin (APE) Price Analysis – Relative Strength Index

The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions. 

When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold, many are selling, as such, its price is undervalued.

APE/USDT 1-Day Chart Showing Relative Strength Index (Source: Tradingview)

The chart above shows that the RSI reads a value of 23 and the RSI is below the Signal line. Hence, APE is bearish and the RSI says that it is oversold. There is every chance that the RSI could return to the normal zone between 30-70. However, if the sellers keep the pressure on, then, the RSI might further reduce.   

Moreover, the RSI indicator could also be used to find out divergences. Usually, the RSI reciprocates the behavior of the cryptocurrency. However, if the behavior varies, it could be counted as a divergence. For example, when the crypto makes a higher high, and the RSI makes a lower high, then it is a bearish divergence. 

Apecoin (APE) Price Analysis – Moving Averages

The exponential moving average is not much different from the simple moving average. The EMA gives more weightage to the present prices while the SMA equally distributes the values to the frequency. Hence, when the EMA is plotted in the graph it gives a rough idea about how the cryptocurrency has been performing in the past. 

Moreover, the 50-day EMA is considered the short-term length, and the 200-day EMA is considered the long-term.  Whenever the 50-day EMA crosses the 200-day EMA from below it is called a Golden cross, while if it crosses from above, then it is a death cross. However, in this case, we will be using the 50-day EMA as the long-term length and the 10-day EMA as the short-term length. 

APE/USDT 1-Day Chart Showing Moving Averages (Source: Tradingview)

When taking a look at the chart above, we can see that APE is currently descending below both EMAs. Although, towards the beginning of the gap between the 50-day EMA and 200-day EMA was narrow, now it has widened. This means that APE is currently bearish. Moreover, we could see that though it tested the 50-day EMA a few times, it wasn’t able to break above it. Since there seems to be some buying pressure in the market, APE might test the 50-day EMA once more time. 

Apecoin  Price Prediction 2023-2030 Overview

YearMinimum PriceAverage PriceMaximum Price
2023$2.00$6.25$7.5
2024$5.5$7.78$10
2025$15$25.5$35
2026$10$14$18
2027$15$18$22
2028$19$20.5$25
2029$22$40$60
2030$18$24$35
2040$50$63.6$75
2050$80$95.25$120

Apecoin (APE) Price Prediction 2023

APE/USDT 1-Day Chart ( Source: Tradingview)

When looking at the chart above, we can see that APE has been trading inside a falling wedge since February 2023. It has been making lower lows and lower highs until today. However, once APE breaks out from the falling wedge and if the break out is conventional, then, there is a high chance that APE could reach $6.25. However, before reaching this level it has to clear some resistance levels at $2.4, $3.5, and $4.5. 

However, breaking above this resistance will be a stifle task since the trading volume keeps reducing with the increasing prices. As such buyers, may need to dominate the market for the prices to reach $6.25. 

However, if there is yet another fall for APECoin, then it may sink into uncharted territory. This is because there seem to be no support levels to keep APE from falling.  

Apecoin (APE) Price Prediction – Resistance and Support Levels

APE/USDT 1-Day Chart Showing Resistance and Support Levels (Source: Tradingview)

When looking at the chart above we could see that APE had a sudden surge during the beginning of 2023. APE reached its maximum price of $6.5 for 2023 during late January 2023. However, the coin started to fall. It started to fall just below the 2:1 Gann line. Although, at times APE tested the 2:1 Gann line and at times broke it, it was able to continue the motion. As such it resorted for support from the 1:1 Gann line a few times. Currently, APE is moving just below the 2:1 Gann line and there is a high chance that APE could test the 2:1 Gann line once again in the future. 

Apecoin (APE) Price Prediction 2024

There will be Bitcoin halving in 2024. Hence, we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum for Apecoin based on the previous halving. Hence, we could expect Apecoin to trade at a price, not below $7.78 by the end of 2024.

Apecoin (APE) Price Prediction 2025

Apecoin may experience the after-effects of Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, Apecoin will continue to rise in 2025 forming new resistance levels. It is expected that Apecoins will trade beyond the $25.5 level.

Apecoin (APE) Price Prediction 2026

It is expected that after a long period of bull run, the bears will come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, Apecoin could tumble into its support regions. During this period of price correction, Apecoin could lose momentum and be way below its 2025 price. As such, it could be trading at $14 by 2026. 

Apecoin (APE) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there’ll be a dip in price before the excitement will be reciprocated in APE. As such, we could expect Apecoin to trade at around $18 by the end of 2027. 

Apecoin (APE) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, Apecoin may reciprocate its past behavior during the BTC halving. Hence, Apecoin would be trading at $20.5 after experiencing a considerable surge by the end of 2028. 

Apecoin (APE) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, Apecoin could be trading at $40 by the end of 2029.

Apecoin (APE) Price Prediction 2030

After witnessing a bullish run in the market, Apecoin and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, Apecoin could be trading at $24.

Apecoin (APE) Price Prediction 2040

The long-term forecast for Apecoin indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their Coins at the ATH point. 

If they start selling then Apecoin could fall in value. It is expected that the average price of Apecoins could reach $63.6 by 2040.

Apecoin (APE) Price Prediction 2050

Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such Apecoin could reach $95.25.

Conclusion

If investors continue showing their interest in Apecoin and add these Coins to their portfolio, it could continue to rise. APE’s bullish price prediction shows that it could reach $6.25 level

FAQ

What is Apecoin (APE)?

Apecoin (APE) is the native token of the Apecoin ecosystem.

How to buy APE Token?

Like other cryptocurrencies, Apecoin (APE) can be traded in cryptocurrency exchanges like Binance, Huobi Global, Kucoin, Gate.io, Kraken, and others.

Will Apecoin surpass its present ATH?

Apecoin (APE) has a low possibility of surpassing its present all-time high (ATH) price of $39.40 in 2022.

Can Apecoin reach $5 soon?

Apecoin is one of the few cryptocurrencies that has retained its bullish momentum in the past seven days. If this momentum is maintained, Apecoin might reach $6.25 soon.

When was Apecoin (APE) launched?

It was launched in March 2022.

Is Apecoin a good investment in 2023?

Apecoin is an excellent cryptocurrency to invest in this year, given the recent partnerships that have enhanced its acceptance.

What is the present all-time low price of Apecoins?

Apecoin has a present all-time low price of $1.

Which year was APE launched? 

APE was launched in March 2022.

Who are the co-founders of APE?

ApeCoin is a decentralized project inspired by Yuga Labs’ Bored Ape Yacht Club project.

What is the maximum supply of APE?

The maximum supply of APE is 1,000,000,000 APE.

How do I store APE?

APE can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the Apecoin (APE) price by 2023?

Apecoin is expected to reach $2.6 by 2023.

What will be the Apecoin (APE) price by 2024?

Apecoin is expected to reach $7.78 by 2024.

What will be the Apecoin (APE) price by 2025?

Apecoin is expected to reach $25.5 by 2025.

What will be the Apecoin (APE) price by 2026?

Apecoin is expected to reach $14 by 2026.

What will be the Apecoin (APE) price by 2027?

Apecoin is expected to reach $18 by 2027

What will be the Apecoin (APE) price by 2028?

Apecoin is expected to reach $20.5 by 2028.

What will be the Apecoin (APE) price by 2029?

Apecoin is expected to reach $40 by 2029.

What will be the Apecoin (APE) price by 2030?

Apecoin is expected to reach $24 by 2030.

What will be the Apecoin (APE) price by 2040?

Apecoin is expected to reach $63.6 by 2040.

What will be the Apecoin (APE) price by 2050?

Apecoin is expected to reach $95.25 by 2050.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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