Leading crypto Bitcoin and leading altcoin Ethereum are currently in the longest sustained bear trend. ApeCoin (APE) is on fire with price predictions of up to $100 by 2030 as BTC tries to break above $40,000 and ETH above $3,000.
Price predictions for ApeCoin (APE)
As we mentioned in the news of Kriptokoin.com, both Bitcoin and Ethreum are struggling and have dropped 20% since April. Meanwhile, for ApeCoin, a cryptocurrency tied to the Bored Ape Yacht Club NFT collection and now becoming popular as a $7 billion metaverse coin, it’s all been rainbows and sunshine lately.
Now, cryptocurrency titans and experts have announced a price forecast for ApeCoin, which skyrocketed to 50% within a week after the NFT sale. Dimitrio Salampacis, a FinTech speaker and lecturer at Swinburne University of Technology, is very optimistic about ApeCoin and his current estimate is $45. However, he says ApeCoin will be worth $10 in 2030.
The continued rapid exit or hype with NFTs is heavily impacting the performance of the coin. On the other hand, Dimitrio Salampasis thinks that crypto is overrated at one point and will gradually lose its value over time when the hype wears off. However, the expert believes that now is the best time to sell ApeCoin.
However, some co-panelists feel the time has come for the HODL APE. Still, some say now is definitely the time to buy. Finder Co-Founder Fred Schebesta also gave his guess. He says APE could go up to $20 by the end of 2022, over $50 by the end of 2025, and eventually to $100 by 2030.
What is ApeCoin (APE)?
ApeCoin is an Ethereum-based token of Yuga Labs’ Bored Ape Yacht Club (BAYC) NFT. They have a collection of over 10,000 unique digital bored monkey art. ApeCoin DAO is also managed by the Ape Foundation. Investors who purchase Bored Ape NFTs are eligible to claim APE tokens at zero cost.
Moreover, investors can resell them or use them in their own product brands. ApeCoin has been on the rise lately because unlike other cryptos, it has expanded into other markets by tapping into NFT and the metaverse. Crypto, NFT, and Blockchain in general, according to Experts, the possibilities and potential are so limitless that it is impossible to make a general prediction yet.
“APE will shake the ground in the Metaverse”
According to crypto analyst Jet Encila, APE is the token of the future. It was specifically designed to support community-led activities in the APE ecosystem. A decentralized protocol that will eventually define a thriving culture in the metaverse.
While panelists said the rise of APE was based solely on hype, there are crypto gurus who believe it will happen in the long run. Yuga Labs is poised to become the blue chip in the NFT category, especially after acquiring CryptoPunks. Jet Encila, with its ecosystems and communities, thinks ApeCoin is a candidate to shake the ground in the metaverse.