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⇗ The Rollercoaster Journey of ApeCoin: Impact of the ApeChain Launch

The Rollercoaster Journey of ApeCoin: Impact of the ApeChain Launch
Yuga Labs introduced ApeChain igniting a swift 100% surge in ApeCoin value. Despite the post-launch retracement, the crypto community remains optimistic about continued growth. Despite a brief correction, ApeCoin rallied another 100% at ApeChain's launch, reflecting the high investor demand. Predictions indicate the price could hit $5 in the future due to two rare patterns being formed. Regardless of the recent price surge, whales have been reducing their ApeCoin holdings. A primary interest still surrounds how high the coin's price could rise post-bridge launch.

ApeCoin prices are expected to see a correction, but the ApeChain launch featuring 'Top Trader' game drove a surge in the coin's value. Amid surging prices, a notable decrease in whale support was observed. ApeCoin's DAO is considering a proposal to launch an Ape-themed hotel in Bangkok, indicating a further expansion of its use cases. At the same time, traders shifted profits from the overhyped ApeCoin to other thriving coins such as XRP and IntelMarkets. ApeChain's testing phase saw ApeCoin revisit the top 100 altcoins list. Investors are predicting more prominent rises because of the launch of the new ecosystem's blockchain, creating vibrant trading activity around the coin.

Post the testnet launch; discussions on whether ApeChain could save ApeCoin remain with the rising number of whale transactions. ApeChain has taken the crypto world by storm with its expansion of the Bored Ape Ecosystem.

APE Coin News Analytics from Thu, 15 Feb 2024 08:00:00 GMT to Tue, 24 Dec 2024 11:35:00 GMT - Rating 4 - Innovation 7 - Information 8 - Rumor -2

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APE Coin - News Analyzed: 1,800 - Last Week: 100 - Last Month: 400