Apecoin Price Analysis and Prediction: APE Surges after GUCCI’s Announcement

Read our detailed analysis on Apecoin Price Analysis and Prediction.

Apecoin is surging and the latest surge comes after the brand GUCCI announced that it will be accepting Apecoin as one of its payment mediums. Since the announcement, the Apeocoin Price has been trading higher as there has been a huge increase in the trading volume of Apecoin.

What is Apecoin?

ApeCoin is a Bored Ape Yacht Club-affiliated cryptocurrency based upon the ERC-20 blockchain. Apecoin brings a much-awaited governance aspect to the APE ecosystem. Amongst other things, ApeCoin represents a governance token (in other words, voting rights), giving ApeCoin holders a say in the project’s development and important decisions.

Facts About Apecoin

  • Ape Foundation launched the ape coin. Ape Foundation claims that Ape Coin will be driven by the community with the role of the Foundation as a steward and not an overseer. The Apecoin DAO will govern the community
  • Apecoin like many other cryptocurrencies is an ERC-20 token issued on the Ethereum Blockchain
  • About 15% of circulating Ape Coins have been airdropped to current BAYC and MAYC NFT Holders
  • Apecoin is likely to be used as a Play to earn currency in the future. It is expected that as Yuga Labs strengthen its position in the Metaverse space, Apecoin will see a rise in demand for its cryptocurrencies
  • Apecoin is currently ranked 35th on Market Cap with nearly 300 Million in circulation
  • Apecoin reached its All-Time High of $39 in the last week of April and reached its lowest point in the year on June 19th, 2022. Apecoin rose 40% from its bottom within a week
  • It is also possible to earn interest by staking Ape.

Apecoin Price Analysis and Prediction: Last 24 Hours Performance

24 hours ago, Apecoin was trading marginally over $6 and there was hardly any news that could boost the price of Apecoin. However, with the announcement of GUCCI that it was going to accept Apecoin as one of its payment mediums, the price of Apecoin surged. Apecoin has gained over 15% in market cap in the last 24 hours. Added to it, the trading volume of Apecoin is up nearly 30% in the last 24 hours.

Almost all the price indicators are positive for Apecoin and this is contributing heavily to the rise of Apecoin. The social media sentiment for Apecoin is Positive and the social media buzz is higher. The Google search volume for Apecoin is a higher and the technical recommendation for Apecoin for the next 24 hours is BUY.

Apecoin Price Analysis and Prediction: Some Calculations

Current Price of Apecoin (August 3rd) $7.29
Market Cap of Apecoin (August 3rd) $2.23 B
If Apecoin Rises 5% Monthly, then the Price of APE at end of 2022? $9.30
If Apecoin Rises 10% Monthly, then the Price of APE at end of 2022? $11.74

Considering the current price of Apecoin, if Apecoin rises 5% every month, at the end of 2022, the price of Apecoin would be below $10.

However, if Apecoin gains 10% a month from now, the price will be over $11 by the end of December 2022.

Apecoin Price Prediction 2022, 2025, and 2023

Apecoin Price Prediction 2022 $6.59
Apecoin Price Prediction 2025 $20.39
Apecoin Price Prediction 2030 $133.8

Apecoin Video Analysis

Apecoin Price Analysis and Prediction: How to Buy Apecoin?

Here are the steps to buying Apecoin crypto:

  1. Finding the Exchange where the APE coin is listed
  2. Create an account with the Exchange
  3. Verify your identity
  4. Fund the Wallet
  5. Make the Purchase

Apecoin Price Analysis and Prediction: Where to Buy Apecoin?

The exchanges offering Apecoin for trade are: eToro, Binance, had Crypto.com.

Read: Shiba Inu Price Prediction

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