Why did apecoin's price increase in 2022?

Like much of the rest of the market, APE struggled in 2022. However, APE increased from a price of $4 in December 2022 to the current price of $5.8 – a 45% increase. One of the reasons for the price jump could be due to the release of ApeCoin’s staking mechanism, which went live on December 12th, 2022.

How much will ape cost in 2023?

Wallet Investor provides one-year and five-year price forecasts of $13.43 and $22.14, respectively, for APE. Similarly, Gov Capital suggests APE could hit $17.72 in one year and $79.01 in five years. Finally, DigitalCoinPrice forecasts APE could average $18.47 in 2023 and $29.89 in 2027.

What to expect from apecoin in 2023?

However, popular crypto prediction site PricePrediction expects ApeCoin to finish the year at a maximum price of $21.75, while Florencetrust, another crypto news site, predicts ApeCoin will trade sideways and end the year with a conservative $14.80 value. Experts and speculators expect ApeCoin to keep soaring and making new all-time highs in 2023.

Is apecoin a bullish or bearish stock in 2024?

ApeCoin is predicted to start its breakout from the bearish pattern around Q4 of 2023 and move to a bullish pattern in 2024 fueled by adoption in P2E games, BAYC events, and merch. In 2024, it is expected to move across the resistance level to rally to a price band of $39.40 to $40.84. However, it could reach a maximum price level of $47.40