APE Price Analysis September 2022

APE is a token of the platform ApeCoin. Its current price is around $5.91 by the time of writing, with a low of $1.00, and it has a market cap of 1.8 billion dollars.

APE Coin Market Analysis 

APE has a total supply of 1,000,000,000 coins worth around $5.91 with a market volume of 637 million dollars, whereas the market capitalization is 1.8 billion dollars at writing. So far during this European session, ApeCoin has been trading upwards, having surged by 17% in the last 24 hours.

MagicEden is a major development project – but there are signs that it may not be doing as well as expected. For example, the Magic Eden website will allow ApeCoin owners to trade their ApeCoin NFTs. However, recent results indicate that this concept is not working well.

The marketplace fee for ETH listings is 0.5%, while the fee for APE listings is only 0.25%. This means you’re saving a little bit of money by using APE since you don’t have to pay as much commission. The difference gets split among the people who created APE and helped manage the platform.

What is APE?

APE is the coin of the ApeCoin platform, which is around $5.91 by the time of writing, with a low of $1.00. It reached a high of $39.40, and its current ranking is #32, according to CoinMarketCap, with a market cap of 1.8 billion dollars.

APE is the native coin of the ApeCoin decentralized autonomous organization (DAO), a community-driven initiative created to guide the expansion and adoption of ApeCoin.

APE Price Prediction

The analysis of crypto experts shows that the following margins are expected for ApeCoin in 2026: $28.03 maximum and $23.75 minimum.

On average, the price will be about $24.42. On the 1D timeframe, the price action of $APE/USDT is moving below the mid-trendline of the support and resistance zone. If it breaks its mid-trendline, then it can go upwards.

On-demand analysis on $APE or any other coin can join our Telegram channel anytime.

Ape Price Chart September 2022
APE Price Chart September 2022

Closing Thoughts

Discipline and Patience are the most critical components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

Pratyaksh
Pratyaksh

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