Analysts Predict ApeCoin To Hit $50 By End Of 2025 – And $100 By 2030
May 02 2022 - 11:27AM
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As Bitcoin and Ethereum price remain bearish for the longest time
now; barely hitting above $40,000 for BTC and not going over $3,000
for ETH, ApeCoin, on the other hand, is on fever-pitch with price
prediction of up to $100 by 2030. And to think, the coin is
just warming up. Both Bitcoin and Ethreum have been struggling and
are down by 20% since April. Meanwhile, it’s all rainbows and
sunshine recently for ApeCoin, a coin connected to the Bored Ape
Yacht Club NFT collection that is now dubbed as a $7-billion coin.
Suggested Reading | This Low-Cap DEX Altcoin Balloons 47% In The
Face Of Crypto Market Stagnation Price Predictions Now,
cryptocurrency titans and experts recently announced a price
prediction for ApeCoin as it skyrockets to 50% in a week’s time
following its NFT sale. Dimitrio Salampasis, a FinTech speaker and
lecturer at Swinburne University of Technology, is very optimistic
and bullish with ApeCoin. His current prediction is $45. However,
he says ApeCoin will be worth $10 come 2030. The ongoing rush or
hype with NFTs greatly impact the coin’s performace. Salampasis
feels that crypto is overhyped at some point and it would gradually
lose its value over time when the hype dies down. However,
Salampasis believes that now is the best time to sell ApeCoin.
However, some of his co-panelists think that it’s time to HODL APE.
Still, a few percent say now is definitely the time to buy. Finder
Co-Founder Fred Schebesta gave his forecast as well. He said APE
could be valued at $20 by end of 2022, go higher at $50 by end of
2025, and finally shoot up to $100 by 2030. BTC total market cap at
$738.16 billion on the daily chart | Source: TradingView.com What’s
APE? ApeCoin is an Ethereum-based token of the Bored Ape Yacht Club
(BAYC) NFT by Yuga Labs. They have over 10,000 unique digital bored
ape art collections. ApeCoin DAO is also managed by the Ape
Foundation. Investors who buy the Bored Ape NFTs are also eligible
to claim APE tokens at zero costs. More so, investors can also
resell them or even use them in their own product branding. ApeCoin
has been soaring lately because unlike other cryptos, it has
expanded to other markets like tapping on NFT and the metaverse.
The possibilities and potential of crypto, NFT, and the blockchain
in general are so limitless that it’s impossible to make a general
forecast or prediction yet. APE – Shaking Grounds In The Metaverse
APE is the token of the future. It is specifically engineered to
support community-led activities in the APE ecosystem. It’s a
decentralized protocol that will ultimately define a thriving
culture in the metaverse. Doubters in the panelists say that APE’s
surge is only based on hype while there are crypto gurus who
believe that it is in for the long haul. Yuga Labs is now
primed to be the blue chip in the NFT category especially after
purchasing CryptoPunks. With their ecosystem and community, ApeCoin
is bound to shake grounds in the metaverse. Suggested Reading |
Tether (USDT) Q1 Trading Volume Plunges To $5.3 Trillion In
Quarterly Low Featured image from The VR Soldier, chart from
TradingView.com
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