Important: This ApeCoin (APE) price prediction 2023 is purely based on the writer’s knowledge in technical analysis alone. Price analysis articles of other platforms may use different technical analysis signals and indicators that may influence their APE price forecast outcome differently. Hence, we strongly suggest doing your own research before buying APE.
The NFT and metaverse space continue to extend their fame and reach inside and outside the crypto-verse. Today, many NFTs and metaverse projects are springing like mushrooms all over the market. ApeCoin (APE), the native digital asset of the famous Bored Ape Yacht Club, is one of the cryptos that is taking the crypto market by storm.
Furthermore, APE is a token made to support what’s next, controlled and built on by the community. It will serve as a decentralized protocol layer for community-led initiatives that drive culture forward into the metaverse.
For those who may be asking, “What is ApeCoin (APE) and is APE a good cryptocurrency to invest in 2023?”, worry not. We’ve got you covered.
ApeCoin (APE) Overview (At the time of writing)
| Cryptocurrency | ApeCoin (APE) |
| Token | APE |
| Price | $5.03 |
| Market Capitalization | $1,852,075,796 |
| Total Supply | 1,000,000,000 |
| Trading Volume | $220,976,613 |
| All-Time High | $26.70 |
| All-Time Low | $2.63 |
What is ApeCoin
ApeCoin (APE) is a crypto asset that utilizes the blockchain of Ethereum. It plays a major role in the famous Bored Ape Yacht Club.
APE is tasked with administering the decisions of the ApeCoin DAO, and is responsible for day-to-day administration, bookkeeping, project management, and other tasks that ensure the DAO community’s ideas have the support they need to become a reality.
ApeCoin Price Prediction 2023
Currently, APE holds a market capitalization of almost $2 billion with a 24 trading volume of over $200 million. This market standing made the crypto one of the top 50 cryptos in CoinGecko. Will ApeCoin have a stellar price movement this 2023? Let us head to the charts in this APE price prediction 2023!
The chart above displays the successful market performance of ApeCoin (APE). In detail, APE was able to pump its price from $3.06 to $7.813 in the past month of last year. However, this skyrocketing price of APE did not last long due to the wild volatility behavior of the market. As a result, the price of APE plummeted from $7.81 to $2.554 per crypto, a decent price.
On the contrary, upon entering 2023, APE is able to convince its investors about its bullish performance. In detail, APE was able to uplift its trading position from $2.554 to $5.
If APE is able to continue this bullish rally and reach the resistance level of $6.43 in the following weeks of the month, there might be a chance that APE will break the resistance level of $7.83. If it does, the doors going to the sky-high price of $10 will appear, which is just +84.81% away from the trading price of $5. Of course, this might only happen if APE is able to strengthen its investors inside its network.
Meanwhile, the Moving Average Convergence Divergence (MACD) of APE continues to perform a bullish rodeo above the signal indicator. This means that, as of the moment, traders can trade with confidence without the fear of any price reversal.
When it comes to the Relative Strength Index (RSI) of the crypto, APE RSI is still considered overbought. Traders must therefore be cautious when trading APE since a major price reversal is still possible. In this case, traders and investors of the token must trade wisely to avoid losses that cannot be reverted back.
On the other hand, APE witnessed a price-breaking growth rate of more than +150% last July 2022. This means that it is not impossible for the crypto to create another mighty pump like this in the future. However, this will only be possible if the crypto continues to gain the favor of investors inside and outside the crypto universe.
If it does, APE can experience a massive surge in price, amounting from $15 to almost $20. Indeed, this price performance of the crypto could make the community of APE wild and crazy. But of course, always remember this price forecast still depends on the direction of the bullish market and the network’s community in the space.
Other Market Prediction for ApeCoin (APE) in 2023
Digitalcoin
Digitalcoin is one of the trusted names in the crypto world, as the firm claims. This is because it has already established accurate cryptanalysis and the latest news stories over time. For this reason, the 2023 forecast of Digitalcoin for APE amounts to $15.88.
Wallet Investor
By using their latest technical analysis, the platform updates its network prices and predictions every three minutes. For this reason, the 1-year forecast of Wallet Investor for APE amounts to $8.84.
Market Prediction for ApeCoin (APE) Price 2024, 2025, 2026, and 2027
ApeCoin (APE) price prediction 2024 is up to $12.96 (estimated)
ApeCoin (APE) price prediction 2025 is up to $18.36 (estimated)
ApeCoin (APE) price prediction 2026 is up to $22.88 (estimated)
ApeCoin (APE) price prediction 2027 is up to $22.88 (estimated)
Conclusion
ApeCoin (APE) continues to gain popularity among traders and investors in the crypto space. Therefore, the conclusion for the APE price prediction in 2023 amounts between $20 to $30. However, this forecast still depends on how the market will treat APE in the future.
FAQ
ApeCoin is one of the leading metaverse networks in the crypto space nowadays. Through this, we can say that ApeCoin has the potential to be a good investment in the next months of the year.
The price status of ApeCoin depends on many different factors, one of which is the current market situation. If APE is able to invite more traders and stakers to the platform, there is a big chance that the price of APE will go higher.
The crypto market is very unpredictable due to volatility. Any crypto in the space cannot evade these wild market swings of the market. One factor to consider is the massive dumping of tokens made by the whales in the ApeCoin (APE) network, an event that is very uncontrollable.
The ApeCoin (APE) crypto is one of the most iconic projects in the space. The Binance exchange is one of the famous crypto exchanges supporting ApeCoin (APE) crypto.
Yes, APE is a crypto that uses blockchain technology.
Disclaimer: The views and opinions in this article belong to the writer alone and they do not necessarily reflect the position of CryptoNewsLand (CNL). No information in this article, whether expressed or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers perform their own in-depth research before investing in cryptocurrency.
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