ApeCoin the cryptocurrency backed by
Yuga Labs, developers of the popular Bored Ape Yacht Club NFTs, experiences a drastic change. There's an ongoing proposal to scrap the
ApeCoin DAO and replace it with
ApeCo. The news comes with an update on the
infrastructure behind the ApeCoin ecosystem, refering to as
ApeChain. This new
blockchain becomes the catalyst for a significant rally in ApeCoin's value, doubling it relatively quickly. A breakthrough feature of this launch is the ability for ApeCoin holders to
stake their coins directly on the ApeChain, without any requirement for NFT bridging. This move is perceived as a game-changer in the crypto industry.
Despite this innovation, ApeCoin hits an all-time low, but analysts predict a
bullish turnaround in the future. APE coin makes it to the top gainers in the crypto market, stirring up speculations of an imminent
bullish reversal.
On the regulatory side, the SEC closes its investigation against Yuga Labs, giving the green signal for investment in the Bored Ape Yacht Club NFTs. Yuga Labs' CEO, Greg Solano, has proposed the dissolution of the ApeCoin DAO and the Alpine F1 announces enhancing their fan experiences with
ApeCoin partnership.
APE Coin eventually launches its new blockchain mainnet dubbed - ApeChain, which results in more than 100% gains. The launch comes with the introduction of 'top trader' games and the possibility of staking ApeCoins on the ApeChain with shadow technology.
APE Coin News Analytics from Thu, 17 Mar 2022 07:00:00 GMT to Wed, 25 Jun 2025 11:00:17 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor 7
