Market Stats and Forecasts
ApeCoin Description
ApeCoin is a popular cryptocurrency specially designed to power a decentralized community within the APE ecosystem. This coin was launched in 2022 and functions as a governance and utility token. It also offers various features of this ecosystem to the token holders. APE represents the advanced Web3 platform, a decentralized version of the internet that highlights user ownership and community-driven initiatives. The best part of this ecosystem is that it allows token holders to vote on proposals for the development of the APE ecosystem. Overall, this provides a sense of ownership and collective decision-making among ApeCoin holders.
When it comes to the utility of the APE, beyond governance, it also provides utility within the APE ecosystem. It serves as the prime currency within the ecosystem and helps users purchase goods and services within different applications. APE token holders can also access events or features within the ecosystem. APE coin was inspired by BAYC, but it has its own tokenomics. This is an ERC-20 built on the Ethereum blockchain of the fixed total supply of 1 billion tokens. The future of APE is bright, but the ecosystem needs to develop continuously.
Both Web3 and Metaverse are booming industries that are associated with the APE ecosystem, so the possibility of demand for this coin is very high. We can say the APE coin has the potential to become one of the prominent utility tokens within the digital spaces. When it comes to trading, this token can be traded on some of the reputed exchanges like Coinbase, Binance, and Kraken, along with the decentralized exchange SushiSwap. Overall, APE Coin is one of the best tokens you can opt for which can add value to your portfolio.
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of ApeCoin, Our analysis, guided by the machine learning experts, yields forecasts for ApeCoin price trajectory up to 2024. With a comprehensive understanding of ApeCoin historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 4 and an error value of 0.71%.
For the year 2024, our analysis indicates a projected yearly low of $1.22, with the high anticipated to reach $1.79. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-09-15 | 1.32 | 1.33 | 1.37 | 5.61 |
| 2024-09-16 | 1.35 | 1.36 | 1.4 | 7.93 |
| 2024-09-17 | 1.33 | 1.37 | 1.42 | 7.93 |
| 2024-09-18 | 1.33 | 1.37 | 1.41 | 7.93 |
| 2024-09-19 | 1.33 | 1.36 | 1.39 | 6.75 |
| 2024-09-20 | 1.32 | 1.35 | 1.39 | 5.57 |
| 2024-09-21 | 1.3 | 1.34 | 1.39 | 5.57 |
| 2024-09-22 | 1.32 | 1.33 | 1.36 | 5.57 |
| 2024-09-23 | 1.31 | 1.35 | 1.39 | 6.73 |
| 2024-09-24 | 1.34 | 1.37 | 1.41 | 9.08 |
| 2024-09-25 | 1.36 | 1.4 | 1.45 | 10.28 |
| 2024-09-26 | 1.38 | 1.41 | 1.46 | 12.71 |
| 2024-09-27 | 1.4 | 1.44 | 1.49 | 12.71 |
| 2024-09-28 | 1.41 | 1.45 | 1.5 | 13.95 |
| 2024-09-29 | 1.46 | 1.49 | 1.52 | 16.45 |
| 2024-09-30 | 1.45 | 1.5 | 1.55 | 16.45 |
| 2024-10-01 | 1.45 | 1.5 | 1.54 | 16.45 |
| 2024-10-02 | 1.42 | 1.46 | 1.5 | 15.17 |
| 2024-10-03 | 1.41 | 1.45 | 1.5 | 13.91 |
| 2024-10-04 | 1.46 | 1.49 | 1.52 | 16.41 |
| 2024-10-05 | 1.43 | 1.48 | 1.52 | 16.41 |
| 2024-10-06 | 1.49 | 1.51 | 1.54 | 18.97 |
| 2024-10-07 | 1.48 | 1.51 | 1.55 | 18.97 |
| 2024-10-08 | 1.45 | 1.5 | 1.55 | 17.66 |
| 2024-10-09 | 1.48 | 1.51 | 1.55 | 20.25 |
| 2024-10-10 | 1.49 | 1.51 | 1.54 | 18.93 |
| 2024-10-11 | 1.46 | 1.51 | 1.57 | 17.62 |
| 2024-10-12 | 1.44 | 1.49 | 1.55 | 16.33 |
ApeCoin Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,ApeCoin is forecasted to achieve its peak value in 2025 at approximately $2.63, while potentially dipping to a low of $1.38. The average trading value during this period is projected to hover around $2.32.ApeCoin Price Prediction 2026
In 2026, ApeCoin is anticipated to potentially reach its peak value of $3.98, with a possible lower value of $2.03. The average trading value for this period is estimated to be approximately $3.56.ApeCoin Price Prediction 2027
As we look ahead to 2027, the trajectory of the ApeCoin coin may offer investors unexpected turns. Projections suggest peaks hitting $6.34 and lows stabilizing around $3.17, with an average trading value resting near $5.67.ApeCoin Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the ApeCoin coin. Projections point towards a maximum value of $9.16, a minimum of $4.82, and an average value of approximately $8.12.ApeCoin Price Prediction 2029
Our market analysis indicates optimistic prospects for the ApeCoin crypto in 2029, with projected peaks at $13.48 and floors at $7.26. Moreover, the average trading value of this coin is anticipated to hover around $12.03.ApeCoin Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the ApeCoin token. Projections indicate highs near $21.67, potential lows around $10.79, with an average value of about $19.27.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $0.761 by the Sep 15, 2024. The Relative Strength Index (RSI) stands at 1.1817, indicating a Rise market stance. Overall, while the long-term forecast is Sell.
About ape
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Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Sell
The ApeCoin is predicted to surge by 10.94% to $1.37 by Sep 17, 2024, though current indicators show a Bearish sentiment with 15 out of 30(50%) green days and a notable 24.36% price volatility over the past month.
