Is ApeCoin a Good Investment?



Apecoin investments

Is It Worth Investing in ApeCoin (APE)?

Key Points:
  • ApeCoin has been predicted to be the next large-cap digital asset by market capitalization.
  • While ApeCoin will likely not surpass Bitcoin and Ethereum, it is considered a great investment opportunity.
  • ApeCoin is still young so it is not too late to invest in APE.

ApeCoin is a relatively new cryptocurrency and only entered the market in March 2022. APE caused a lot of excitement when it launched and was one of the best-performing cryptocurrencies just a month after going live.

But with the bear market biting hard across the market, ApeCoin has turned heavily bearish, too. This has led some investors to wonder, is ApeCoin a good investment?

Read through this guide, and you will have a better understanding of whether ApeCoin is a good investment or not. You will also know where to buy ApeCoin and other cryptocurrencies at low fees.

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Virtual currencies are highly volatile. Your capital is at risk.

Why is ApeCoin a good buy?

If you are a novice or beginner in the world of ApeCoin investing, you may have had thoughts about whether ApeCoin is a good investment.

You may have also pondered the question, should I invest in APE? To tell you the truth, the easiest answer to the two questions is YES.

The possibilities of ApeCoin in this saturated market make it a digital asset that should be considered for investments.

Overall, investing in ApeCoin could be one of the wisest decisions you ever made.

One of the biggest reasons to invest in ApeCoin is its growing ecosystem. ApeCoin continues to add more developers who are creating new and innovative protocols and applications that will impact the metaverse positively.

If ApeCoin arrives at a booming ecosystem, the success of the protocol could lead to a spike in the price of APE.

But this is just one of the reasons why investing in ApeCoin could bring you enormous gains in the future.

ApeCoin has brought more than 1,000% gains for early investors that believed in the token in March.

As of today, the ApeCoin digital asset continues to see impressive investor demand which is reflected in daily trading volume.

Such statistics paint a picture of a token that does not show signs of slowing down.

That is why several analysts, gurus, and experts believe investing in ApeCoin with an eye on the long term, is one of the best decisions that could transform millions of portfolios.

Therefore, now could be the perfect time to invest in ApeCoin (APE) since the market is recovering from the negative crypto market sentiment that stretches back to December 2021.

In this article, you are going to break free from all ApeCoin-related myths that continue to circulate online. This will embolden you to decide if you should consider investing in ApeCoin in 2022.

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Virtual currencies are highly volatile. Your capital is at risk.

Is It Worth Investing in ApeCoin (APE)?

Because ApeCoin is a top 50 cryptocurrency by market capitalization, many analysts, gurus, and experts believe that ApeCoin should be considered a good investment in comparison to other coins.

Despite the ups and downs in the young price history of APE, analysts think ApeCoin’s price could grow substantially in the long term.

Some of the factors that will influence investing in ApeCoin in 2022 is having the backing of all the cryptocurrency exchanges and stakeholders in the decentralized finance space.

When Statista publishes its periodical report on the biggest cryptocurrency exchanges by trading volume, certain platforms are always present.

Some of these exchanges are eToro, Binance, Coinbase Pro, Huobi Global, OKX, FTX, Gate.io, Kraken, and BitMart.

Most of them record a minimum trading volume of $1 billion daily.

What is interesting is that all the aforementioned exchanges announced support for APE on/or before the launch of the protocol and its cryptocurrency on March 17, 2022.

This means that APE is not only accessible on many exchanges but available on thousands of markets.

Aside from being traded with fiat currency pairings such as APE/USD, APE/EUR, and APE/GBP, APE can be traded for other cryptocurrencies in the form of APE/BTC, APE/ETH, and APE/BNB, among others.

During a bearish season like what the market continues to deal with in 2022, APE can be traded with stablecoins in the form of APE/USDT, APE/USDC, and APE/BUSD among others.

This is the primary reason why the token saw billions in daily volume in the first week of being a tradable token in March and millions in volume in April 2022.

In addition to this, ApeCoin, like Ethereum and Cardano has a foundation that has the support of major figures in the crypto space.

There are members from social media platform Reddit, cryptocurrency exchange FTX, blockchain-based technology company Horizen Labs, and investment firm Sound Ventures.

These are corporations that participate in crypto events and forums globally. Being attached to ApeCoin confers credibility on it.

Analysts at Changelly Blog have reviewed the ApeCoin project extensively.

They believe that an expansion of the ecosystem could lead APE to command a trading price of $50 by the end of 2022 in the short term.

In the long term, the crypto forecasting portal estimates ApeCoin could trade for a coin at $100 in 2030.

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Virtual currencies are highly volatile. Your capital is at risk.

Is ApeCoin a Good Cryptocurrency Investment?

There really is no objective answer to this question. That’s because all investments carry risks, and ApeCoin is no exception.

However, it is possible to make an informed decision on whether ApeCoin is a good investment by analyzing its price history to date. You can also look at the underlying use cases that give ApeCoin value.

Despite being a new cryptocurrency, ApeCoin has emerged as one of the best Metaverse cryptocurrencies. It is associated with one of the best NFT collections in the market – the Bored Ape Yacht Club line of NFTs.

So, is ApeCoin a smart cryptocurrency investment?

One of the best aspects of ApeCoin is that it gives users access to the fast-growing Bored Ape ecosystem, including a Metaverse of games and merchandise. These are high-growth aspects of the cryptocurrency market and could play a role in ApeCoin’s value growth.

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Virtual currencies are highly volatile. Your capital is at risk.

ApeCoin Price Performance Since It Hit the Market

Before investing in any cryptocurrency, it is best to know its past price performance.

ApeCoin is a new cryptocurrency and entered the market in March 2022. Despite the heavily bearish cryptocurrency market at the time, ApeCoin entered the market at $7.2 and, by April 28th, had rallied to $26.3.

Since then, ApeCoin has been on a downtrend, largely weighed down by the bearish trend in the broader market. In June, ApeCoin dropped to a low of $4, and selling volumes are still high. Essentially, anyone who bought ApeCoin when it first hit the market is now at a loss.

ApeCoin Price Analysis

As mentioned above, anyone who invested in ApeCoin in March or April 2022 is in deep losses.

ApeCoin’s price has dropped from a high of $26.3 in late April 2022 to a low of $4 in June. ApeCoin’s rally to a high of $26.3 in April was triggered by news of the Otherside Metaverse launch.

However, as the price action shows, the Otherside Metaverse launch news has been overshadowed by the bear trend in the broader cryptocurrency market.

External factors are the most significant contributor to the increased bearish nature of ApeCoin and other cryptocurrencies at this time.

One of these external factors is the rising inflation across all major economies, which has triggered Central Banks to raise interest rates aggressively. The result is that all asset classes have taken a hit. High-risk assets like ApeCoin have taken an even bigger hit than stocks and other traditional assets.

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Virtual currencies are highly volatile. Your capital is at risk.

ApeCoin Price Movements in brief

In the above section, we have looked at ApeCoin’s price action since launch and its reasons.

In case you missed it, here is a recap of Apecoin’s price action from launch to date.

  • ApeCoin Enters the Market March 17th, 2022 – $7.26
  • April 2022 – ApeCoin goes up to a high of $26.3 on Otherside Metaverse news
  • May 2022 – ApeCoin turns bearish due to pressure from the broader market
  • June 2022 – ApeCoin’s bear run accelerates as the market plummets on Terra and Celsius news.

Studying ApeCoin’s price ups and downs gives you a better perspective on whether ApeCoin is a smart cryptocurrency investment.

That said, always have it at the back of your mind that cryptocurrencies are high-risk and volatile assets.

ApeCoin Price Prediction

Before you check out these ApeCoin price predictions, know that they are speculative. It is hard to tell an asset’s direction, especially when the analysis is for the next couple of years.

That said, you can use technical analysis to make fairly reasonable predictions on the direction that ApeCoin price could take in the future.

Market analysts expect ApeCoin to trade at over $14 by the end of 2022. ApeCoin price predictions are even more bullish long term. For instance, the consensus price forecast for ApeCoin for 2022 stands at $50 and above.

What is the utility value of ApeCoin?

ApeCoin has become one of the most important cryptocurrencies in the fast-growing Metaverse space. Despite being a new cryptocurrency, ApeCoin was the largest Metaverse cryptocurrency as of April 2022. As such, it will likely remain a top choice for investors looking for the best Metaverse cryptocurrencies to buy today.

Besides the speculative aspect of things, ApeCoin has a lot of use cases that could play a role in its long-term value growth. Below are some of the most important ones:

1. ApeCoin as a governance token for the ApeDao

ApeDAO is part of the governance structure of the Bored Ape Yacht Club line of NFTs. This means anyone who holds ApeCoin has a say in the direction that the Ape ecosystem takes, including developments on the Otherside Metaverse.

Given that the Metaverse is one of the key growth areas of the cryptocurrency market, demand for ApeCoin, as a decision-making tool, will likely keep going up over time. It is a key factor that makes ApeCoin a top cryptocurrency to buy in the 2022 bear market.

2. ApeCoin usage in gaming

Yuga Labs is the centralized entity behind the Bored Ape Yacht Club line of NFTs. The Yuga Labs team has big plans for ApeCoin among them being a P2E game named Benji Bananas. ApeCoin will be used as the currency for trade within the Benji gaming ecosystem. The idea is that, for 25 ApeCoin tokens, one can buy a membership, win in-game prices, and swap them back to ApeCoin.

In essence, as the Benji Bananas game grows in adoption, so will the value of ApeCoin. With P2E gaming now the fastest aspect of the gaming industry, such games make ApeCoin a top Metaverse cryptocurrency to buy now.

3. The sale of merchandise

The Bored Ape line of NFTs is one of the most popular in the market today. Yuga Labs, the company that holds the rights to them, has come up with ways to capitalize on this popularity, and they all benefit ApeCoin.

For instance, back in March 2022, the Bored Ape Yacht Club announced that it was selling Ape-labeled merchandise, and they were only accepting ApeCoin payments. As the use of ApeCoin in selling merchandise grows, so will the value of the tokens. It is one of those use cases that make ApeCoin a smart cryptocurrency investment today.

4. Payment for events

Like selling merchandise, ApeCoin has a strong use case as a payment method for crypto-related events. Since the Bored Ape community is one of the largest NFT communities in the world, its events carry weight. As these events grow in size and frequency, they could drive up ApeCoin’s value.

In summary, below are the ApeCoin use cases that could play a significant role in APE’s price action.

  • As a governance token in the ApeDAO
  • As an in-game currency
  • Merchandise sales
  • Payment for Ape community events

As the Otherside Metaverse takes form and all kinds of games come up, ApeCoin stands to grow in value over time.

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Virtual currencies are highly volatile. Your capital is at risk.

Should I Invest In ApeCoin (APE)?

Why should I consider investing in ApeCoin? Well, ApeCoin is still a novelty but shows a lot of promise due to the popularity of the Bored Ape Yacht Club.

Based on the increased interest in holding digital collectibles such as BAYC, Mutant Ape Yacht Club, NBA TopShots, the World of Women, and Crypto Punks among others, ApeCoin could change how traders go about owning NFT products.

One of the major reasons why you should consider investing in ApeCoin (APE) is its undervaluation.

In advanced financial studies, undervaluation comes with a lot of advantages.

At a price below $15, APE has presented a perfect opportunity to purchase a potentially high-priced cryptocurrency at a low price from a well-established decentralized finance company.

What’s more, APE is a low-risk investment since undervaluation is cyclical which gives the company time to improve its ecosystem and potentially drive APEs price to more than $100.

Whatever happens, undervalued assets normally return to their original values, and once they attain the price range that fits them, gains are assured to holders.

If you have $100 that you consider spending by the weekend, you should know that it can purchase around 10 ApeCoins.

Should the token reach a new all-time high price of $100 someday, you stand a chance of seeing your capital mature to $1,000.

Such potential has led analysts at Price Prediction to make bullish forecasts about ApeCoin.

According to them, ApeCoin is a good investment in the medium and long term.

Per their projections, ApeCoin could command a regular price of $41.17, a minimum price of $39.76, and a maximum price of $47.64 by the year’s end of 2025.

By the close of 2031, the analysts estimate ApeCoin to trade for a normal price of $354.87, the lowest possible price of $344.81, and the highest possible price of $430.84.

Should the $400 milestone be breached, there is a chance of seeing your paltry $100 mature to $4,000 in the future.

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Virtual currencies are highly volatile. Your capital is at risk.

Where Can You Buy ApeCoin?

To buy ApeCoin, you must ensure that you do so from a reputable broker. Among the key factors to consider from a broker are their trading fees and their trading tools. Also, make sure the broker is regulated as a way to protect your capital.

eToro – One of the best brokers to buy ApeCoin

eToro stands out as one of the best brokers where to buy ApeCoin. One of the most apparent indicators that eToro is a credible broker is that it has more than 25 million users globally. That’s a huge number and an indicator that investors can see something good in eToro.

Besides being trusted by millions of users, eToro is also regulated in all the key markets where it operates. For instance, in the U.S, eToro is under the regulatory authority of the SEC, a globally respected body. eToro is also regulated in the U.K, Australia, and Cyprus.

Besides being a trusted and regulated broker, eToro is one of the friendliest brokers for beginners. That’s because it has tools that can help even a new trader make money by leveraging the skills of those that understand the market.

One of the tools that it can use to help new investors increase their odds of success is the social trading feature. This is a tool aimed at assisting investors in sharing ideas in an open forum. Newbie traders can use some tips from this social forum to improve their odds of trading success.

Another tool that is aimed at beginner traders is the CopyTrade feature. Through this feature, new investors can copy the trading moves of experienced traders and significantly improve the odds of success.

eToro also has a pretty low entry threshold for investors. With as low as $50, you can deposit on eToro. You can also buy as low as $10 worth of ApeCoin.

Besides, if you want to diversify your portfolio, you can easily do so with eToro. For just a minimum of $500, you can automatically diversify your cryptocurrency portfolio for better risk management.

Unsurprisingly, most experienced traders prefer buying ApeCoin, and other cryptocurrencies, through eToro.

Is ApeCoin a Smart Investment today?

ApeCoin has a lot of advantages that make it a top cryptocurrency to buy now.

Below are some factors that could help drive up the value of ApeCoin long-term.

  • ApeCoin is associated with one of the most famous lines of NFTs in the market today.
  • ApeCoin is used as an in-game currency in a P2E game.
  • ApeCoin is used for merchandise sales by the bored Ape NFT community.

With such use cases, it is clear that ApeCoin could go up in value in the future. However, thanks to the volatility characteristic of cryptocurrencies, an investor should be ready for wild price swings along the way.

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Virtual currencies are highly volatile. Your capital is at risk.

Conclusion: Is ApeCoin A Good Investment?

Yes, investing in ApeCoin is worth considering. For many, investing in ApeCoin has proven to be a great decision.

So is ApeCoin worth buying? Right now, ApeCoin is definitely considered a good investment. And, if you are looking to invest in it, now would probably be a good time to do so. While no investment is risk-free, investing in ApeCoin has generated more than 10000% return over the last few months. Whether you’re new to ApeCoin investing or just curious about how to make the most of your investment, understanding what to know before investing in ApeCoin is critical.

In the end, the final decision comes down to you. What kind of investor do you want to be? Figure out the answer to that question, you’ll definitely know if ApeCoin is a good investment!

Up to this point, you have a good idea of whether ApeCoin is a good investment or not. It is clear that Including ApeCoin in a cryptocurrency portfolio makes sense, especially for long-term investors.

As games start to populate the Otherside Metaverse, the intrinsic value of ApeCoin tokens will also go up.

At the same time, the Bored Ape community is getting bigger, giving ApeCoin growth potential in merchandising and event tickets.

If you want to invest in ApeCoin but also want to consider another cryptocurrency, Binance Coin could be a good bet. Like ApeCoin, you can buy Binance Coin on eToro and other top cryptocurrency exchanges.

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Virtual currencies are highly volatile. Your capital is at risk.

FAQs
Is ApeCoin a Good Investment?

ApeCoin has a lot of potential in the fast-growing Metaverse space. It already has a use case as an in-game currency for a P2E game. So, yes, ApeCoin is a good investment.

What will be ApeCoin’s price by the end of 2022?

Most analysts expect ApeCoin to end the year trading at around $15 to $20.

What will be ApeCoin’s price by the end of 2025?

Analysts expect ApeCoin to be trading at $50 to $100 by 2025.

Is ApeCoin a safe investment?

Investing in ApeCoin is safe as a cryptocurrency but it also carries risks of volatility. It’s also highly advisable to invest in cryptocurrencies such as ApeCoin on a regulated platform like Coinbase or eToro.

How Much Should You Invest in ApeCoin?

This depends on the individual’s pockets and risk appetite. If you are risk-averse, then you may consider only making ApeCoin a small portion of your investment portfolio.

What will ApeCoin be worth in 10 years?

Some predictions say ApeCoin could reach as high as $1200 by the year 2030. With that said, there are no guarantees, so conduct research of your own, and consider buying fractional tokens at eToro for as little as $10.

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Virtual currencies are highly volatile. Your capital is at risk.

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