ApeCoin is gaining trader attention with significant price rallies following the debut of ApeChain by Yuga Labs. With a staggering 100% surge, it has set the stage for further growth, with experts predicting up to 1,200%. Ethereum whales are greatly interested in ApeCoin showing strong whale support, although some whales have dropped their holdings amidst the price surge. The ApeCoin community is actively engaging in initiatives prior to ApeChain's launch, and the mainnet launch as brought about new industry-first demos and top trader games, driving the ApeCoin surge. Critically, ApeCoin's price correction may not yet be over, with two metrics indicating potential fluctuations. The launch of ApeChain has marked a remarkable surge in the APE token price. However, some coins, like DOGE and APE, are seeing profit traders shift their gains to XRP and IntelMarkets (INTL) after the ApeCoin hype fizzles out. Interestingly, there is a proposal from ApeCoin holders for Bored Ape-themed hotel in Bangkok, showing how the coin is influencing tangible projects in the real world. ApeCoin also featured in PowerTrade's altcoin options market, thereby widening its appeal. For ApeCoin users, D3 is offering .APE domain names. Despite the rally in ApeCoin, there is skepticism as whale interest wanes. Big token unlocks are expected ahead for Arbitrum and ApeCoin with the possibility to attract more traders.
APE Coin News Analytics from Fri, 17 May 2024 07:00:00 GMT to Wed, 19 Feb 2025 11:26:19 GMT -
Rating 6
- Innovation 4
- Information 5
- Rumor 3