ApeCoin is an Ethereum-based cryptocurrency that was launched with the inspiration from the Bored Ape Yacht Club. The Bored Ape Yacht Club is one of the top brands in the NFT market. Since its inception into the market in 2022, the coin has
ApeCoin, the native token of the APE ecosystem, has undergone a huge surge in the market recently. As the ApeChain, a Layer-3 blockchain of the Arbitrum Orbit, was released recently, it greatly influenced the price of ApeCoin. The market value of the coin has skyrocketed with this new project’s takeoff.
ApeCoin’s current market analysis
The ApeCoin has faced a lot of ups and downs, since its introduction into the market 2 years ago. After its initial release, the coin had an exponential growth surge, but it only lasted for a short while. After that, the coin dropped significantly and has been doing so since then.
This all changed when the ApeChain was announced recently in the ApeFest 2024. After this announcement, the ApeCoin price increased by over 100%. The ApeCoin is now trading at $1.51 with a total market capitalization of $1.14 billion.
Impact of the ApeChain on the ApeCoin
With the announcement of the new ApeChain, the ApeCoin had an impressive growth in the market. Since the main aim of the ApeChain is to make the coin more than just a governance token, it is expected that several utilities will be incorporated into the token. It was also reported that they are also planning to introduce a burn mechanism.
The ApeChain bridges went live on Sunday, which allows users to transfer their tokens to ApeChain and automatically earn a staking reward. This was the much-needed breakthrough that the coin wanted. On October 20, the day ApeChain went live, there was a massive surge, with an increased rate showing a magnitude of over 100%, the coin shot right through the top.
Another thing that influenced the coin’s bull run in the market includes the launch of the LayerZero protocol on the ApeChain mainnet. It allows various applications to transfer data between different blockchains. With this and the ApeChain, it’s no wonder the coin exploded in the market.
What the future holds for the ApeCoin, Price prediction
ApeCoin is a cryptocurrency that has been creating a huge uproar in the market. With over a 100% increase rate, soon after the launch of ApeChain, the coin is gearing up for a huge comeback. In just the past 24 hours, the coin had a growth surge of 24.27% and overcame numerous cryptocurrencies in the market.
As a result of the ApeChain, the market value of the coin has doubled in just a day. Now, the ApeCoin holds the #67th position as per the latest reports from CoinMarketCap.
Now that we know how ApeCoin is currently faring in the market, let’s discuss what the future holds for it. For this, we have designed a price prediction table for the coin with the expertise of various crypto experts, kindly refer to it.
Year | Price |
2025 | $ 3.82 |
2026 | $ 2.00 |
2027 | $ 1.79 |
2028 | $ 2.43 |
2029 | $ 3.16 |
2030 | $ 4.68 |
Conclusion
With various changes being introduced to the system and the launch of the ApeChain, the ApeCoin has a bright future ahead of it. Even though, there are many investors in the crypto world who are expecting the coin to drop again after the first few weeks. But it’s a highly unlikely chance now.
With a return of investment over 100%, the coin is dominating the crypto market right now. As a crypto coin that is backed by a major powerhouse of the crypto world, the project’s comeback is somewhat sure. And if the growth surge continues in the coming days, it will be like adding an icing on the cake. With all of this happening in the crypto realm, many active traders have already invested in the coin hoping to gain a high profit from its bull run. If you’re also considering investing in the coin, make sure to do your research before proceeding.
Read More
ApeCoin (APE) Price Prediction: What to Expect, Where to Buy, Is It a Good Investment (2025-2030)