ApeCoin, a cryptocurrency tied with the Bored Ape NFT community, has been drawing a considerable amount of attention from investors and the general public. It has even been recovering with a double-bottom pattern, motivating discussions surrounding the viability of ApeCoin as a long-term investment. With the anticipation of the ApeChain launch, ApeCoin has noted a surge and is rumored for more gains. The infrastructure of the envisioned ApeChain is expected to be hosted on Arbitrum, as ApeCoin DAO has opportunistically chosen this Layer-2 network for its scalability. A blueprint for the ApeChain has also been unveiled, indicating a structured strategy targeting both investors and creators within the Bored Ape community.
There's even talk of an
Ape-themed hotel in Bangkok. Such proposed developments, backed by DAO, showcase ApeCoin's intent to establish physical associations for its virtual community.
However, all is not rosy, with some high-profile investors like
Justin Bieber having incurred significant losses on their ApeCoin investments. Despite all that, ApeCoin seems to be rallying again, powered partly by the Blueprint launch, generating hope for the ApeCoin to reach new heights.
Cryptocurrency platforms, however, remain cautious, with Binance Futures delisting ApeCoin among other cryptocurrencies.
The ApeCoin community is firm on its belief in the potential of Ethereum to 'properly scale', accentuating its commitment to ongoing developments.
ApeCoin News Analytics from Fri, 20 Oct 2023 07:00:00 GMT to Wed, 11 Sep 2024 07:32:29 GMT -
Rating 7
- Innovation 2
- Information 6
- Rumor -3
