The APE ecosystem boasts a community of Bored Ape Yacht Club and Mutant Ape Yacht Club as two of the most popular NFT collections on the Ethereum blockchain. APE was created as the primary token for all new products and services from Yuga Labs which is the company behind NFT projects. It was released on 16th March 2022, experiencing a market capitalisation of almost $2 billion after just one day of trading. As of today, one APE is worth about $14 and the total supply of tokens is capped at 1 Billion. The coin was created by ApeCoin DAO which empowers its community to design blockchain games and services as well as create physical and virtual merchandise. The Bored Ape Yacht Club that issued the currency, is a bustling virtual community featuring a collection of 10,000 unique Bored Ape NFTs which are unique digital collectibles living on the Ethereum blockchain. The club has attracted several people, including celebrities who have interest in culture, arts, gaming, and entertainment.
Price Prediction
The current price of ApeCoin is $14.33, a .64% decrease. The current market cap is $4.02B and the volume is $1.12B, making it ranking as the 33rd coin in the market. The ApeCoin price is expected to increase marginally in the coming months due to its recent performance and its ecosystem nature. By the end of 2022, it is estimated to increase to US $51 though there is a possibility for it to drop significantly in the coming weeks before picking up again. ApeCoin is the APE ecosystem's governance token, allowing token holders to participate in ApeCoin DAO and giving its participants a shared and open currency that can be used without centralised intermediaries.
62% of all ApeCoin was allocated to the Ecosystem Fund, which will support community-driven initiatives as voted on by ApeCoin DAO members. ApeCoin also gives access to certain parts of the Ecosystem that are otherwise unavailable, like exclusive games and services. For third-party developers, ApeCoin is a tool to participate in the ecosystem by incorporating ApeCoin into services, games, and other projects. No one can predict with 100% certainty the trends of certain crypto assets or any tradable assets.
However, some experts can accurately predict how ApeCoin will perform in the following years. Crypto analysts expect that the price of ApeCoin will go up by 450% by 2026. According to Coin Priest Forecast, in 2022 there is an expectation for ApeCoin to reach an increase of just under 350%, which will bring its value to $75.
According to price prediction, the value of ApeCoin will cross the $150-mark price by the end of 2023 and over the next few years, the price would be $235.
Robert Kiyosaki on ApeCoin
In an email sent to his newsletter subscribers, Kiyosaki said he invests in cryptocurrency. Also, according to his Rich Dad crypto blog, he still talks about the potential that crypto holds currently and in the future. As he is a gold buyer, he said he has slowed down buying gold so that he could buy more cryptocurrency. He also urges people to consider buying cryptocurrency too.
He also said that there is still a great chance for newbies to invest as informed investors instead of just gambling with digital assets. In early August, he wrote that the United States dollar is dying and Bitcoin and Dogecoin will rise out of their ashes. Kiyosaki has been suggesting Bitcoin for a while as he accepts that the dollar is bitting the dust. In April he anticipated the cost of BTC to be 1.2 million dollars in 5 more years.
Is it a Good Investment
ApeCoin is estimated to experience an all-time high of $430 in 2025. The minimum price for the coin will be about $315 while the maximum estimate will be around $146. With this prediction, it clearly shows that the price of ApeCoin will only go up, with a bullish uptrend history. The coin continues to do wonders everyday with several % swings after it received so much attention in less than a month, where an average of $500 million were put into the coin by investors. If you want to make money in the future, ApeCoin is still a great digital currency to invest in. As it is an NFT-based money, the coin is prone to big price volatility. It is definitely a great decision to invest in ApeCoin as it will soar when the bulls return at some point in the year.
Should You Buy or Sell?
As one of the most exciting and newest cryptos within the digital market. You would want to know whether it is the best time to buy or sell. According to several financial analysts, it is a good time to buy the coin now as it has the potential in the future. So if you were asking yourself whether to buy or sell, you should buy the coin and expect to be rewarded handsomely in the future.
With no doubt, ApeCoin proves to be a viable investment opportunity to anyone who would invest. The future predictions are looking good and a steady increase in price over the years is expected too.