The non-fungible token (NFT) sector is growing despite the cryptocurrency market being on a downtrend. Each day, new NFT projects join the market, and most of them successfully sell out. In late-2021, the world turned its eyes to NFTs and the Metaverse. Surprisingly enough, the majority of the people did not know that these two are directly linked with one another.
When we talk about the decentralized finance (DeFi) ecosystem, trying to separate cryptocurrencies, NFTs, and the Metaverse is impossible. You need cryptocurrencies to keep DeFi truly decentralized; people use cryptocurrencies to buy NFTs; you need NFTs to create a Metaverse; you need cryptocurrencies to trade inside a Metaverse; the list goes on. Everything is interlinked with one another in the DeFi space. Just recently, the BAYC-inspired token ApeCoin made its debut. This token did not even need marketing to skyrocket and reach a market capitalization of more than $4 billion the day it launched. Moreover, ApeCoin is one of the few altcoins, if not the only one, that got listed in every major exchange the day of its debut. But what exactly is ApeCoin and what does the future hold for it?
What is ApeCoin?
Fundamentally, ApeCoin is an ERC-20 token operating on the Ethereum blockchain. This token was launched by members of the BAYC community in cooperation with Yuga Labs. Yuga Labs, on the other hand, are the creators of the Bored Ape Yach Club collection. That being said, the community of BAYC/MAYC/BAKC supported the coin as well. Some days after launching ApeCoin, Yuga Labs teased their upcoming Metaverse, Otherside. In that video, you can see NFTs such as CryptoPunks, Bored Apes, MeeBits, and World of Women. Allegedly, the Otherside will be powered by ApeCoin.
See you on the Otherside in April. Powered by @apecoin pic.twitter.com/1cnSk1CjXS
— Yuga Labs (@yugalabs) March 19, 2022
A token with such governance and utility potential has a bright future without a doubt, and we aren’t even mentioning the exposure that it has. Each day, ApeCoin has billions in trading volume. Having a high trading volume just ensures investors that there is enough liquidity in the market. According to Dextools, ApeCoin set an all-time high of more than $50 the day of its debut. With the current supply, reaching such a price would mean that ApeCoin hit a market capitalization between $10-$15 billion immediately after it joined the market. Achieving such a market capitalization in such a short time in the market is not always a good thing, though.
ApeCoin Price Prediction 2025
We at Crypto Academy tend to look at each factor when it comes to presenting our price predictions. After thorough research, we came up with the ApeCoin price prediction for 2025.
ApeCoin Price Prediction 2025 Q1
The first quarter of 2025 might not be that good for ApeCoin. This is because of the market performance that this token is likely to have in 2024 – the year when the next Bitcoin halving will occur. By the end of the 1st quarter of 2025, our forecast shows ApeCoin trading between $65-$80.
ApeCoin Price Prediction 2025 Q2
After possibly experiencing a slow start to the year, ApeCoin might begin an uptrend in the 2nd quarter of 2025. Considering the trading volume and the interest for ApeCoin, this token is likely to achieve a market capitalization x50 the one it has at the time of writing this article. However, you should also consider the fact of the circulating supply. Currently, only a small portion of the supply is in circulation. By the 2nd quarter of 2025, most, if not all, of the supply will be in circulation. This is likely to affect the price of the token. Our prediction shows APE trading between $90-$110 by the end of the 2nd quarter.
ApeCoin Price Prediction 2025 Q3
After potentially experiencing considerable growth during the 2nd quarter of 2025, we believe that APE could dip a bit. This dip is likely to be caused by “paper hands” who usually cash out when they are in profit. However, summer is known for being more hostile to the cryptocurrency market performance. During this period of time, the price per one APE might drop to $70-$80. Despite this, though, there is a high chance that APE might not break its support zone at $90 and sit around that price for a while.
ApeCoin Price Prediction 2025 Q4
At last, the 4th quarter of 2025 is likely to be the best period of that year. This is because our forecast shows APE reaching a new all-time high during this period. Considering the level of crypto adoption and the several incoming partnerships of APE with huge names in the industry, each price increase is welcome. By the end of 2025, APE is likely to be trading at a new all-time high of $150.
Takeaways
- NFTs and the Metaverse go together, and so do cryptocurrencies. These three are the foundations of the decentralized finance (DeFi) ecosystem.
- ApeCoin is an altcoin that made its debut recently. They aim to help build the forefront of Web 3.
- This token will be the one powering the Otherside Metaverse that is set to launch sometime this year.
- This token is listed in nearly every exchange and it successfully managed to reach a market capitalization of >$10 billion in just a day.
- By 2025, ApeCoin could reach a trading value of $150, considering that most of its total supply is in circulation.