ApeCoin [APE] is an ERC-20 token used in the APE ecosystem. ApeCoin is an ecosystem governance token that allows ApeCoin holders to participate in the ApeCoin decentralized autonomous organization. ApeCoin will also be used to access games, products, events, and services.
Judging by the description from Coinbase, APE is a serious large project that includes an entire ecosystem.
Over the past 24 hours, the price of the APE coin has increased by 112%, reaching its peak price in the last 6 months. The maximum price in 24 hours was $ 1.73 per coin. Now the price is $ 1.53 per token. The last time at least a little similar price was 6 months ago, namely 04/20/2024. Interesting date. Then the APE token cost $ 1.36 per coin. Later on the 24th and 26th, the price was about $ 1.44 per coin.
But if we look at the maximum price that was during the entire existence of the token, we will see that the maximum was $28 per APE coin. And given the fact that everything in the world is cyclical, including the cryptocurrency market, we can safely assume that sooner or later the price will reach these $28 per coin.
Moreover, coins that are backed by large projects like APE, which have practical application and perform certain important functions, sooner or later always update their price maximums. And this means that sooner or later the APE coin will reach its all-time price maximum - $28 and then update this maximum. Accordingly, it can be assumed that this coin has the potential to grow in price above $30 in the future.
Even according to the most modest forecasts, the price can be from $2.68 to $6-7 per coin in the future. Such indicators have already been. 08/01/2022 - the price was $7.64 per coin. 01/30/2023 the price was $6.33, and on 03/13/2024 the price was $2.68 per coin. And given that the project is growing and developing, such price indicators are a matter of time. Moreover, today's 112% price jump shows us that the APE project can and will surprise us. And it will 100% give X's in the future.
Personally, I started buying APE when it was $1.94 per coin. I gradually bought more while the price was falling. The last time I bought 50 coins at $0.83, so my average purchase price was $1.28 per coin. Today, thanks to a 112% jump, I am already in the black. I am thinking of selling some of the coins and keeping the rest for sale in the future when the price rises. And if the price falls, I will buy again, since a fall is always followed by growth. Especially for such large projects.
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