In an eventful development, the Apechain launch has sparked a 100% surge in the price of the ApeCoin (APE). The mainnet chain, backed by Yuga labs, caused the coin's value to soar, returning it to the top 100 altcoins. Despite the positive rally, some predictions have highlighted possible price corrections in the future. ApeCoin has also faced a significant 66% daily surge and an 18% potential rally. Mapping the future of ApeCoin, predictions indicate that the coin could hit $10 by 2023.
Actions surrounding the coin tend to impact its value as well, like the recent Ape-themed hotel in Bangkok. The ApeCoin DAO's multi-year partnership news with a redacted partner also exudes thrilling potential. Its presence as a memecoin is nonetheless solidified, with plans set to have it take over Solana. High whale ApeCoin transactions have surged 2100%, but whale support has declined and some engaged in outflows prior to a recent price surge.
The release of the Apechain appears to have secured the coin's bullish behaviour, and its introduction to the bitFlyer in February 15 is another tick in its favor. The new Jupiter's ApePro trading terminal is also initiated on Solana's platform. Investors should nonetheless approach with caution as the market remains highly volatile.
APE Coin News Analytics from Wed, 30 Sep 2020 10:06:23 GMT to Thu, 02 Jan 2025 02:15:00 GMT - Rating 7 - Innovation 3 - Information 9 - Rumor -2