Bored 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 2022

The price of ApeCoin is currently trading around the $14.87 level, following its listing on major exchanges earlier this month. 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 2022: Given that the coin has just entered the market, the price is still finding its feet and creating structure. However, if APE continues trending in this manner, the coin could reach $50 by the end of 2022.
  • 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 $90
  • 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 $135 by the end of 2024.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

ApeCoin Price History

APE logoBefore 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.

ApeCoin

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 277.5 million currently in circulation. Given the current ApeCoin price, this gives the token a market cap of $4.02 billion – making it the 45th largest crypto globally. Considering ApeCoin was only launched a few weeks back, the token’s rise to prominence has been remarkable.

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 over $150,000 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.

ApeCoin price chart

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 17th and immediately surged over 250% within its first 48 hours of trading. After hitting the $18 mark, APE pulled back slightly and is now heading back to retest this area. Given the lack of available price data, there’s no telling how high the ApeCoin crypto price could rise if previous highs are broken soon.

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 17th and immediately surged 250%.

ApeCoin Price Prediction 2022

Given the media attention that ApeCoin is generating already, this token could become one of the best altcoins in 2022 if the price continues to rise. 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.

ApeCoin Benji Bananas

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.

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. With that in mind, our APE price prediction 2022 estimates that the coin could reach $50 by the end of 2022. 

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 floated numerous proposals related to 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.

ApeCoin price prediction

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 $90 by the end of the year, as we expect retail investors to bid up the token. This would represent a 1685% 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 may already be happening since Yuga Labs recently teased its upcoming project, dubbed ‘The Otherside’.

As noted by CNET, The Otherside looks to be an MMORPG game where Bored Ape Yacht Club owners can use their NFTs as avatars within a custom-designed virtual world. Details are scarce at present, given that the project has only been teased in a short trailer, although Yuga Labs did cryptically tweet, “See you on the Otherside in April”. The fact that this comes so soon after the launch of ApeCoin adds fuel to the rumours that the token will be integrated into this metaverse.

The Otherside ApeCoin

But what would this mean for ApeCoin long term? Ultimately, it would allow ApeCoin to become one of the best metaverse coins since it already benefits from the mass appeal that Bored Ape Yacht Club has. Furthermore, high-profile NFT owners will likely gravitate to this project, which would increase demand for APE – assuming it is used as the metaverse’s native token.

If this sequence of events comes to pass, it would significantly bolster ApeCoin’s utility and remove any associations with other non-functional memecoins. Thus, our ApeCoin price prediction 2025 estimates the coin could reach $135 by the end of 2025.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Potential Highs & Lows of ApeCoin

Today, the ApeCoin price is still up over 193% from its launch price, which hints that investors do see a long-term future for the token. 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
2022 $50 $5
2023 $90 $18
2025 $135 $50

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.

Bored Ape Yacht Club NFTs

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 2022. 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. 

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.

ApeCoin Binance listing

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.

Where to Buy ApeCoin

etoro logoThe 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 crypto trading

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

  • No transaction fees to open a crypto trade
  • Free crypto wallet offered
  • Regulated by numerous top-tier entities
  • Over 50 cryptos available to trade
  • Accepts PayPal deposits
  • User-friendly trading app

Cryptoassets are a highly volatile unregulated investment product. 

Is ApeCoin the Best Crypto to Buy in 2022?

lucky block logoBefore rounding off this ApeCoin price prediction, let’s discuss whether APE is the best crypto to invest in this year. ApeCoin undoubtedly has a great future ahead, bolstered by its ape-based aesthetic and potential use cases. However, there are other opportunities on the market that may appeal to investors – with Lucky Block being one of the most exciting.

Lucky Block is an innovative crypto-lottery platform built on the Binance Smart Chain (BSC) that looks to revolutionize the user experience. Instead of using physical tickets like most lotteries, Lucky Block conducts the entire process on the blockchain, enabling daily prize draws and near-instant payouts. Due to the public nature of the blockchain, the whole process is fairer and more transparent.

Lucky Block crypto

As stated in the project’s whitepaper, LBLOCK is the Lucky Block platform’s native token and can be used to purchase lotto tickets via the app. In addition, jackpots are distributed to winners in LBLOCK, which can then be exchanged into FIAT if they wish. LBLOCK has also had tremendous success as a speculative asset, with the token’s price surging by over 70x after listing on PancakeSwap.

Lucky Block's dev team have also launched their own NFT collection (The Platinum Rollers Club), which acts as an entry ticket into daily prize draws that run separately from the regular draws. This has helped create a massive buzz around the project, with over 44,000 people now part of Lucky Block's Telegram group. Finally, since the price of LBLOCK has pulled back from previous highs, now could be the ideal time to invest whilst it’s trading at a discount.

If you’d like to buy Lucky Block today, you can do so by following the four steps presented below:

  • Step 1 – Set Up a Crypto Wallet: Set up a crypto wallet compatible with the Binance Smart Chain, such as MetaMask or Trust Wallet.
  • Step 2 – Buy BNB: Obtain some Binance Coin (BNB) from a reputable broker or crypto exchange.
  • Step 3 – Connect Wallet to PancakeSwap: Click ‘Connect Wallet’ on PancakeSwap’s homepage and follow the instructions to link your wallet.
  • Step 4 – Buy Lucky Block: Utilize LBLOCK’s contract address (0x2cD96e8C3FF6b5E01169F6E3b61D28204E7810Bb) in the order box to ensure you’re obtaining the correct asset, then choose how much BNB you’d like to exchange. Once everything is correct, confirm the position, and the swap will be conducted instantly.

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.

However, if you're looking for another altcoin to invest in, we'd recommend checking out Lucky Block. This exciting crypto-lottery platform has attracted attention from social media and the mainstream media, prompting the token to skyrocket earlier in the year. Given the recent release of Lucky Block's NFT collection, now could be a great time to consider adding LBLOCK to your portfolio.

lucky block logo

Cryptoassets are a highly volatile unregulated investment product.

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