As the market begins to recover, so does the faith of investors in it. While the market was down, fear was all over the place. People began to panic sell and doubt the market. This usually happens after the end of each bull run. Let’s quickly break this down while we are at it. During a bull run, the cryptocurrency market is full of hype and attention. This helps the market grow in value and attracts a ton of investors. However, the higher the market goes, the harder it falls. This was the case with the last market correction when Bitcoin hit a low of $33,000.
Well, the people who invest when the market is at its peak are often left with losses. Because of this, fear begins to spread and more people start selling their crypto. This causes a chain reaction and the market usually continues to lose its money.
Today, as the market is slowly recovering, people are starting to invest in it again. Throughout this article, we will present our ApeCoin price prediction 2030. Throughout the article, we will do our best to explain what ApeCoin is and what does the future hold for this token.
What is ApeCoin?
In essence, ApeCoin is an Ethereum token that made its debut in March 2022. This makes it one of the youngest tokens in the market. ApeCoin is a governance and utility token that will power the Yuga Labs ecosystem. The team behind ApeCoin claims that they want ApeCoin to be at the forefront of Web 3. Through the ApeCoin DAO and the Ape Foundation, Yuga Labs promotes decentralization and collaboration between projects.
After ApeCoin’s debut, Yuga Labs tweeted a video teasing its upcoming Metaverse known as the Otherside. This video included non-fungible tokens (NFTs) such as CryptoPunks, Bored Apes, World of Women, and MeeBits. Taking that into consideration, the Otherside Metaverse will include these NFT collections as well; and ApeCoin will power it. On the 16th of March 2022, the official Twitter account of BAYC tweeted a teaser for the upcoming Play-to-Earn (P2E) game they are working on; Yuga Labs later retweeted it. This might be a sign that this Play-to-Earn game could be a part of the Otherside Metaverse.
https://t.co/5M7Y4qZRc9 pic.twitter.com/AEeo6TkzLW
— Bored Ape Yacht Club (@BoredApeYC) March 16, 2022
ApeCoin Price Prediction 2030
As per the future of ApeCoin, we can say that it is one of the brightest in the market. Considering everything that we mentioned above, ApeCoin could break records in the upcoming years.
We at CryptoAcademy believe that ApeCoin is likely to become one of the 20 biggest cryptocurrencies in the market in terms of market capitalization. By the end of 2022, ApeCoin could reach a trading value of $60, maybe even $80 if the market is bullish. However, the next few years might not be easy for this token. By 2025, ApeCoin might hit a price of around $120. As we move farther from today, its price is likely to continue to increase. By the end of 2027, this token is likely to surpass the $200 milestone. By the time 2030 rolls around, ApeCoin could be sitting at a trading value of around $300-$350.
So, ApeCoin might experience a 30x by 2030. This is, of course, considering how the market usually moves. Moreover, we are making these predictions based on the current tokenomics and maximum supply of ApeCoin. If this project implements a burning mechanism on its tokenomics, then it might go even higher. We have also presented our APE price forecast some days ago.
Takeaways
- As of March 2022, the cryptocurrency market is full of fear. This is because of crises that are happening around the world as well as the price dip of major cryptocurrencies.
- Most people who invested in the market in November 2021 were left with major losses, and they are the main ones fueling this panic.
- ApeCoin is one of the few tokens that successfully made its debut in an uncertain market as it was some weeks ago.
- According to Yuga Labs, ApeCoin is going to power the upcoming Otherside Metaverse and aims to be at the forefront of Web 3.
- Our ApeCoin price prediction 2030 shows APE possibly hitting a price between $300-$350.
- All in all, investing in ApeCoin for the long term might prove to be very beneficial.