It's the opposite, $20 was the launching price then it has dumped to $7 and I think that there will be more to come. Those that have been hyped on this coin probably are lost.
While those dumpers, they've probably taken it somewhere or with what I've read an airdrop. I don't know how they've taken it through an airdrop but, it's always like this every after listing.
Well looking at the chart OP wasn't far from the prediction as it seems to steadily go towards $20. Personally i don't understand what's the point of APE but it sure can ride with BAYC team and whales / influencer contacts, as it was instantly listed in everywhere. I am pretty sure that this is going to be worth $20 at least just because of the BAYC fame, but as i am unclear what's the point of this token is. I am staying away for now.
The point is that they created it right before the bull run, and now it looks like it is going up and since it is something that can survive only with hype, and it was hyped like crazy and then followed by a bull run, that usually means that there will be plenty of people who will buy this stuff and believe it is a great thing.
We all know that it is not, we all know that it has absolutely zero value, and we all know that it will go down and never come back one day. But, this situation made sure that it will take time before that happens and I am pretty sure that for at least another year we are going to see this one not going down to crash zone.