How High Can ApeCoin ($APE ) Go After the Bridge Launch?
ApeCoin recently made headlines after launching its new bridge, allowing users to earn yield on specific crypto assets, including APE. The price of APE surged by over 60% within hours, raising questions about its future potential.
APE's Price Targets
After months of relative inactivity, the team announced the official launch of the ApeChain bridge, which enables investors to earn native yield on assets like APE, ETH, and several stablecoins.
This development caused an immediate price jump for APE, with the token rising by over 65% at one point, reaching $1.3 for the first time since June. As a result, APE became the top performer over the weekend and re-entered the top 100 altcoins by market cap, hitting $900 million.
We asked Perplexity, a popular AI chatbot, about APE’s future price prospects. The chatbot predicts that APE might reach $1.36 this month, possibly signaling a peak. It also expects a slight pullback and more stable price movement in November.
Looking further ahead, Perplexity remains optimistic about APE, forecasting a price of $1.92 next year, $2.2 in 2026, and up to $5.58 by 2030. However, these figures are still well below APE's all-time high of $26.7, set in April 2022.
Perplexity identified three main factors that could drive APE's future price growth:
1. The performance of the Bored Ape Yacht Club ecosystem.
2. Broader cryptocurrency market trends.
3. Developments within ApeCoin DAO and governance decisions.
These elements could significantly impact APE's trajectory in the coming months and years.
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