Now, a survey of cryptocurrency experts has returned a bullish price prediction for Ape Coin. Apecoin’s price soared 50% over the past week as the coin’s developer prepares for a new NFT sale. But if we take into account its minimum price since March 17, 2022, the cryptocurrency shot up 175.3%.
Apecoin, launched last month and up +100% since it started trading, has an average price prediction of $27 by the end of 2022. This is according to a panel of crypto specialists assembled by the website Finder price comparison. The figure is above the $24 per Ape Coin currently seen on the market. Furthermore, the panel of nine experts predicts that the price of the Ape Coin will reach $35 by the end of 2030.
What is Ape Coin
Apecoin was launched by Yuga Labs, the Andreessen Horowitz venture capital-backed creators of the wildly popular Bored Ape Yacht Club NFTs. The crypto is getting ahead of the launch of a new NFT from Yuga Labs this weekend. NFT “land deeds” for up to 55,000 parcels of virtual land in the Otherside metaverse game will be minted on Saturday. And they are expected to generate up to $300 millionaccording to calculations by the Financial Times.
On the other hand, a type of three-dimensional virtual world known as a metaverse will bring together various NFT projects, including Bored Ape Yacht Club, CryptoPunks, Meebits, Cool Cats and other collections developed by Yuga Labs. Otherside’s official Twitter account revealed this week that those who wish to purchase the new NFTs will need to pay with Ape Coin.
“Apecoin Could Be Absolutely Huge”, panel member and Thomson Reuters technologist and futurist Joseph Raczynski said in a statement. “Yuga Labs are the blue chip of NFTs, now that they bought CryptoPunks. Their ecosystem, using apecoin has the potential to be a game changer for the metaverse. It’s about community and this one is doing all the right things at the moment,” he added. .
Other members of the panel are even more optimistic about the price of the single currency, and one predicts it could nearly double the $45 per single currency by the end of 2022but warns that it will drop in the coming years as the NFT hype dies down.
However, NFT and crypto skeptics on the panel have warned against people buying apecoin or NFTs in the hope that their prices will appreciate. “This is an even clearer case of a speculative bubble than Bitcoin and Ethereum”said John Hawkins, senior lecturer at the University of Canberra. “It doesn’t even claim to have any use.”
Source: Ambito
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