The latest developments in the crypto money world have also hit APE, one of the popular altcoins of the community. APE has gained 1.4 percent in the last 24 hours, according to data from CoinGecko.
Although ApeCoin (APE) is currently trading at $ 3.5, it made its ATH at $ 23 in 2022.
ApeCoin Long Term Price Predictions
APECoin (APE) is an ERC-20 based token created on the Ethereum Blockchain. The APE token is produced as a utility and governance token of the Bored Ape Yacht Club ecosystem.
ApeCoin (APE) price prediction is based on expert opinions, technical analysis and previous movements.
If we look at the snapshot view of APE, we can see that it has gone through a long decline period and then continues in a horizontal course. APE has currently received a reaction from the $3.5 support. The first rise on the APE side can also take us to the 4 dollar band. If a drop is to occur, the next stop on the APE could be the $2.8 region.
Considering the current outlook, it does not make much sense for analysts and experts to make high valuations for ApeCoin at the end of the year. The inflationary situation in the world and the interest rate hikes by the countries have a negative impact on the price of ApeCoin.
The estimated maximum value for APE by the end of 2022 is $3.8, while the minimum value is estimated at $3.3. In 2023, this situation is $5.17, with a maximum of $6.33. When we look at 2024, we see a price forecast ranging between $7.1 and $8.9. When we look at when APE reaches its ATH, the estimates point us to the year 2027. In 2027, the estimated minimum value of APE is $23.1 while its maximum value is $26.7. If we take a look at 2031, the last year of the analysis, we see that the highest appraised value of ApeCoin is in the $128.8 band.
Of course, it is also useful to note that these analyzes and estimates are made only by considering the current outlook. Of course, it is difficult to predict what will happen about crypto money and Blockchain in the future. These analyzes are based on opinions and past movements of cryptocurrencies to shed light on the current outlook.