Bitcoin and Ethereum remain bearish, barely touching $40,000 and below $3,000 respectively, for now. ApeCoin is, however, fever-pitch. It has a predicted price of as high as $100 by 2030.
The coin is only warming up, just to think.
Ethreum and Bitcoin have both been in trouble and they are currently down 20% each 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.
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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, lecturer, and Swinburne University of Technology professor) is extremely optimistic about ApeCoin. At the moment, his prediction for ApeCoin is $45. He predicts that ApeCoin would be worth $10 by 2030.
The ongoing rush or hype with NFTs greatly impact the coin’s performace. Salampasis thinks that crypto will lose its value over the long-term because it is being overhyped.
Salampasis, however, believes now is the most appropriate time to sell ApeCoin. However, some of his co-panelists think that it’s time to HODL APE. However, only a small percentage of respondents believe now is the best time to invest.
Fred Schebesta (Finder Co-Founder) also gave his prediction. APE may be valued at $20 in 2022, rise to $50 in 2025 and reach $100 by 2030, according to Fred Schebesta.
Source: TradingView.com| Source: TradingView.com
What’s APE?
ApeCoin, an Ethereum-based token for the Bored Ape yacht Club (BAYC), NFT by Yuga Labs is called. Over 10,000 pieces of digital bored ape artwork are available.
ApeCoin DAO also manages the Ape Foundation. Bored Ape NFTs can be purchased by investors to receive APE tokens at no cost.
Investors can also sell them, or use them for their product branding. ApeCoin is a cryptocurrency that has seen a surge in popularity recently. It has expanded into other markets, such as the tapping of NFT and 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
The token of the future, APE. It was specifically designed to facilitate community-led activities within 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 will now be the NFT Category’s blue chip, especially since it acquired CryptoPunks.
ApeCoin’s community and ecosystem will make a significant impact on the metaverse.
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Featured Image from The VR Soldier chart by TradingView.com