The NFT market Bored Ape Yacht Club and ApeCoin, created by Yuga Labs, are among the most trending assets of recent days. Following APE, another monkey-based altcoin has been added to the crypto market that could have great potential in the future. Analyst Connor Brooke predicts what levels the altcoin will reach in the coming years.
Analyst’s ApeCoin price prediction for 2022,2023, and 2024
The price of ApeCoin is currently trading at $14, following its listing on major exchanges earlier this month. According to analyst Connor Brooke, who predicts the altcoin’s price levels for the coming years, the price is still trying to establish its structure, given that APE has just entered the market at the end of 2022. However, according to Brooke, if ApeCoin (APE) continues to trend like this, it could reach $50 by the end of 2022.
According to the analyst, by 2023, additional use cases are expected to be implemented that bring real benefit to ApeCoin. With this in mind, the analyst predicts that for 2023, ApeCoin could reach $90. According to Brooke, by the end of 2024, ApeCoin will settle in a large number of metaverse projects over the next two years, increasing demand from investors. If that happens, the analyst predicts the APE could be worth $135 by the end of 2024.
What are the new developments in ApeCoin?
Analyst Connor Brooke, given the media attention that ApeCoin is already generating, this token could rise to $135 by the end of 2025 if the price continues to rise. As with all new coin listings, it is not easy to make reliable predictions based on technical analysis as the price is still forming. However, some predictions can still be made using information about the project and future use cases. As we previously reported as
Kriptokoin.com, the primary use case of ApeCoin is known as a decentralized payment method. While the specific projects ApeCoin plans to partner with are currently unclear, there are rumors that the token could be integrated with various Blockchain-based games. It seems likely that an upcoming project from Animoca Brands, one of ApeCoin’s early investors, will use APE. According to the analyst, this helps to increase the demand for the token.
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