Key Takeaways:
- The APE coin closed the previous day’s trade at $13.26 with a market capitalization of $3.56 billion and a circulating supply of 277,500,000 APE
- APE after gigantic inception, quickly got exhausted and eventually shed off more than 50% of its gains within a few hours
- Despite manifesting a notable upturned, the APE price appears to be primed for a 6% to 8% plunge before a gigantic rally ahead
How High Will APE Price Go in March 2022?
Apecoin is among the contemporary crypto which shook the entire crypto space with its inception a couple of days before. Like many other tokens, the APE price also smashed the highs on the very first day of its inception. However, the asset quickly plunged below $10 for some time and rebounded firmly.
Currently, the APE price is maintaining a notable uptrend, swinging within an ascending parallel channel. And hence a notable uptrend could uplift the price beyond the $20 initially until the close of the monthly trade. However, another pullback may be pretty much expected as the asset smashes these levels, but could stand strong above $18.
Additional Read: Daily Crypto News 24 March, 2022
Apecoin Price Prediction: Will Apecoin Price Hit $100 in 2022?
Apecoin began the trade with a blast, shaking the entire NFT space. Surpassing major NFTs, the Apecoin had secured 2nd place and was on the verge to cross Decentraland(MANA), the top NFT. However, a notable pullback dragged the price below $10, from where the asset quickly flipped the bearish trend. However, it is extremely difficult to predict the upcoming trend as the price lags the historical market trend.
However, if the asset maintains its strong bullish trend, it may range beyond $20 by the end of the monthly close. Further, the continued uptrend may even uplift the price towards $25 and attempt to hover in between $30 to $35 by the end of 2022. Nevertheless, $100 may be a tough job at present but is achievable somewhere shortly.
APE Price Analysis: APE Price Table (Last 07 Days)
| Date | All-Time High | All-Time Low | Market Capitalization |
|
23 March 2022 |
$13.4 | $10.92 | $3.56B |
|
22 March 2022 |
$11.63 | $9.71 | $3.20B |
|
21 March 2022 |
$11.05 | $9.51 | $2.74B |
|
20 March 2022 |
$14.50 | $10.63 |
$2.86B |
| 19 March 2022 | $14.90 | $12.63 |
$3.74B |
| 18 March 2022 | $18.1 | $7.2 |
$3.87B |
| 17 March 2022 | $28 | $1.0 |
$2.15B |
APE Price Prediction: Apecoin Price Trend Comparison with MANA (Last 30 Days)
Source: Tradingview
Decentraland(MANA) and the Apecoin(APE) Are among the top 5 NFTs in the crypto space. MANA price maintained a steady trend from the past couple of days while the APE price began the trade and raised like a monster. The asset rose more than 100% during the inception and maintained a decent uptrend despite a pullback.
Maintaining a steady rally, the MANA price remained above the average levels by 6.95%. Whereas the APE price is above by more than 41.69% and heading towards the south at the moment. However, a significant flip is expected shortly which may reverse the trend and ignite a firm uptrend.
Correlation of APE/USDT and APE/BTC (Last 30 Days)
Source: Tradingview
Ever since its inception, the APE/USDT and APE/BTC maintained a constant swing. Moreover, the price surged and plunged together manifesting a deep correlation between the two. And hence currently both the trading pairs are heading towards the south, finding significant support levels to bounce off.
There is not much difference between the two as the USDT pair is 41.68% above the average levels while the BTC pair is 46.83%. Both may slide down a little and ignite a strong flip, hitting the support above $12.
Where & How to Buy Apecoin APE
CoinDCX is the most preferred destination for all your requirements related to DeFi or NFT trades. And hence with a huge user base of more than 1 Crore, CoinDCX is India’s most reliable crypto exchange, built prioritizing the user’s security. To start your journey, just download the CoinDCX App on your smartphone and enter your details. Once your details are verified, just fund your wallet and buy your desired crypto.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].
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