ApeCoin [APE] is causing a stir in the cryptocurrency market, skyrocketing by more than 60% in the past 24 hours and reclaiming its position among the top 100 digital currencies.
The remarkable 66% surge in price has investors buzzing with excitement. This upsurge follows the much-anticipated launch of a bridge, sparking curiosity about the potential heights APE could reach in the coming days.
ApeCoin Regains the Spotlight
ApeCoin has witnessed a significant resurgence, showing a twofold increase in value within just two days. This turnaround follows the long-awaited introduction of the mainnet.
Enduring a challenging 2022 and a striking 70% decline in 2024 – with the price sinking to a new low of $0.48 in August – this recent development has revived interest in the token, propelling it back into the limelight.
In conjunction with Apechain, the debut of Ape Express, a user-friendly platform for memecoin creation, has enticed over 137,000 distinctive visitors and generated substantial trading activity in a mere 24-hour period.
With ApeCoin gaining traction and edging closer to its value from early April at $1.80, it appears that the six-month slump has finally paid dividends, leading numerous stakeholders into profitability and rewarding their endurance.
Precisely speaking, approximately 22,000 APE wallets have undergone a transition, collectively holding an astonishing 179 million tokens.
Undoubtedly, these recent advancements are not solely reigniting confidence among current holders but also attracting a wave of fresh investors eager to secure their portion before the fear of missing out sets in.
With newfound interest brewing, ApeCoin seems poised for a spirited resurgence, with excitement surrounding it palpable!
Joining the APE Frenzy
The frenzy surrounding APE is spreading rapidly, captivating the attention of investors and enthusiasts alike.
Following a trough in August that witnessed a decline in whale holdings to 790 million coins, a remarkable transformation has transpired.
In just two months, these holdings have surged impressively to 805 million, showcasing a substantial uptick in interest.
The overall number of holders has also experienced a sharp rise, surpassing the notable milestone of 150K.
Overall, the outlook appears promising, as the hype surrounding APE continues to draw in new investors and whales while encouraging those in loss positions to remain onboard.
Nonetheless, vigilance over these positions is vital. Any decision by these holders to liquidate could potentially hinder the rally, making a pullback inevitable.