As Bitcoin and Ethereum price remain bearish for the longest time now; barely hitting above $40,000 for BTC and not going over $3,000 for ETH, ApeCoin, on the other hand, is on fever-pitch with price prediction of up to $100 by 2030.
And to think, the coin is just warming up.
Both Bitcoin and Ethreum have been struggling and are down by 20% 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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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 and lecturer at Swinburne University of Technology, is very optimistic and bullish with ApeCoin. His current prediction is $45. However, he says ApeCoin will be worth $10 come 2030.
The ongoing rush or hype with NFTs greatly impact the coin’s performace. Salampasis feels that crypto is overhyped at some point and it would gradually lose its value over time when the hype dies down.
However, Salampasis believes that now is the best time to sell ApeCoin. However, some of his co-panelists think that it’s time to HODL APE. Still, a few percent say now is definitely the time to buy.
Finder Co-Founder Fred Schebesta gave his forecast as well. He said APE could be valued at $20 by end of 2022, go higher at $50 by end of 2025, and finally shoot up to $100 by 2030.
BTC total market cap at $738.16 billion on the daily chart | Source: TradingView.com
ApeCoin is an Ethereum-based token of the Bored Ape Yacht Club (BAYC) NFT by Yuga Labs. They have over 10,000 unique digital bored ape art collections.
ApeCoin DAO is also managed by the Ape Foundation. Investors who buy the Bored Ape NFTs are also eligible to claim APE tokens at zero costs.
More so, investors can also resell them or even use them in their own product branding. ApeCoin has been soaring lately because unlike other cryptos, it has expanded to other markets like tapping on NFT and the 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
APE is the token of the future. It is specifically engineered to support community-led activities in 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 is now primed to be the blue chip in the NFT category especially after purchasing CryptoPunks.
With their ecosystem and community, ApeCoin is bound to shake grounds in the metaverse.
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Featured image from The VR Soldier, chart from TradingView.com