ApeCoin (APE) has been the focal point of multiple market happenings of late. While the digital asset has seen a price surge
by 100%, following the successful launching of
ApeChain by Yuga Labs, some
holders have found themselves in significant losses, despite an initial gain of 10%. Following major gaming giants like
Immutable and Rollblock competing for dominance,
Yuga Labs hit back by launching its mainnet chain dubbed
ApeChain, causing a subsequent doubling in the ApeCoin price. Price predictions suggests a potential bullish turnaround is imminent, and the price could soon reach $5. ApeCoin's trademark however, faces a setback from a battle with a retailer. Meanwhile,
ApeCoin secured a major win as the
SEC halted their investigation into
Yuga Labs and the associated
BAYC NFTs. While many have been excited about the rise of ApeCoin, the hype has fizzled for some traders, prompting them to shift a hefty $51.2 million to XRP and IntelMarkets (INTL). Furthermore, the trend of
ApeCoin serving as a rallying point in the market seems to continue unabetted.
Cryptocurrency enthusiasts are on the lookout for possible corrections in its price, ahead of sought-after
demos at ApeFest and the bearing they could have on the
ApeChain mainnet. Amidst all these intriguing trends,
whale support has curiously declined.
APE Coin News Analytics from Tue, 16 Jul 2024 07:00:00 GMT to Fri, 11 Apr 2025 14:27:22 GMT -
Rating 7
- Innovation 8
- Information 8
- Rumor -5
