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TL;DR ApeCoin (APE) surged over 100% in the past week, reaching $1.68, following the launch of ApeChain, a new blockchain network by Yuga Labs. ApeChain, a layer-3 chain on Arbitrum One, supports NFTs, trading, and decentralized applications, and includes a bridge for staking yields and cross-chain transfers.
The NFT-focused DeFi project announced the launch of its mainnet dubbed Apechain to ensure sustainable future growth of ApeCoin.
Yesterday, Yuga Labs launched the new blockchain and activated the bridges.
ApeCoin (APE) experienced a 50% price surge, reaching $1.53 and a $1.1 billion market cap, following the launch of ApeChain and expanded ecosystem utility.
"ApeCoin has introduced an automatic yield mode, allowing users to passively earn returns by staking their APE tokens," one observer said, explaining the catalysts for the price rally.
ApeCoin has seen its price surge 50% in the last 24 hours following the launch of its cross-network bridge and other ecosystem developments. ApeCoin (APE), the governance token of the APE ecosystem, rose from $1.21 to $1.
ApeCoin has seen an explosive rise, jumping by 118% in just one day. The main reason? ApeChain. This brand-new Layer-3 blockchain, built on Arbitrum Orbit, is the talk of the crypto space. But that's not the only thing driving this excitement—there's more to the story.
The cryptocurrency market has seen substantial upward momentum, with a 1.79% gain in overall market cap to $2.38 trillion. In addition, 24-hour trading volumes have risen by 65.13%, indicating higher trader activity. The Fear & Greed Index is at 63, showing an increasing sense of market greed as Bitcoin's dominance grows to 57.2%.
The crypto prices today have continued reverberating significant investor optimism globally. Bitcoin (BTC) price maintained a hold above the $68K level today.
ApeCoin surged by more than 66% in a single day following the launch of its much-anticipated bridge feature, driving the tokens price beyond $1 for the first time in months and generating renewed investor interest in the crypto community. ApeCoin Sees Resurgence After NFT Market Crash It seems like most crypto consumers stopped paying attention to ApeCoin after the NFT meltdown a few years ago, even though it was one of the most hit initiatives.
ApeCoin skyrocketed by more than 110% after launching ApeChain, reaching over $1.70a six-month peak. With an upcoming event in Vegas and renewed bullish sentiment, investors wonder if APE can challenge its all-time high from April 2022.
Here is how some of your favorite assets concluded the week.
Meme coins Speedy and ApeCoin have both seen their prices pump by over 100% in the last 24 hours.
APE has marked its best day in a while, but there's a long way to go to its ATH.
ApeCoin (APE), a fundamental asset within the Yuga Labs ecosystem, has witnessed a remarkable price surge of over 100% today. This increase in value is attributed to the recent launch of new technological advancements and incentive programs that will enhance user engagement and expand utility across its network.
The APE price surge has been impressive nearing 100% in just 1 day. This article will delve into what fueled this price launch for ApeCoin.
ApeCoin (APE), the governance token of the APE ecosystem, has seen its price increase by a staggering 66% in the last 24 hours. During the intra-day trading session on October 19, the price of ApeCoin was $0.75.
Some of the biggest price predictions forecasted $5.58 for APE in a few years.
APE is the biggest gainer in the past 24 hours.
APE reentered the top 100 altcoins after the massive surge in the past day.
ApeCoin (APE) Unlock date - Oct 17th, 2024 Number of tokens unlocked- 15.6 million APE (0.05% of its circulating supply) Current Circulating Supply - 674.40 million APE Previous token unlock - Sep 17th, 2024 ApeCoin- A token made to support the evolution of art, gaming, entertainment, digital and physical events, storytelling, and everything else web3 dreams up. Token distribution DAO Treasury - 7.35M tokens (1.56%) Yuga labs - 4.05M tokens (2.
Cryptocurrencies saw a decent bump in buy pressure this week, with the global market cap surging to above $2.4 trillion. Bitcoin (BTC) remained above $67,000 and could target $70k, while the market is also upbeat around Ethereum (ETH), Solana (SOL) and Toncoin (TON.
Apecoin faces a resistance at $0.8. Will bulls push past this resistance or are further losses likely?
