Global blockchain supervision and query platform

English
Download

ApeCoin Price Up 130% After ApeChain Launch

ApeCoin Price Up 130% After ApeChain Launch WikiBit 2024-10-21 21:52

ApeCoin (APE) has made headlines with a 130% price surge. This surge is linked to the launch of ApeChain, a Layer-3 blockchain that promises to boost

ApeCoin (APE) has made headlines with a 130% price surge.

This surge is linked to the launch of ApeChain, a Layer-3 blockchain that promises to boost APEs functionality.

Now, the spotlight is turning to a new star – Pepe Unchained (PEPU) – with some traders suggesting it could follow ApeCoins lead.

APE Price Soars Over 130% – Can It Hit a New All-Time High?

APEs price spike has grabbed the attention of crypto fans everywhere.

Now trading at $1.47, the token has shot up an impressive 130% since Saturday morning.

Although the price has slightly dipped in the past few hours, its still holding steady at its highest point since mid-April.

It isnt just a price bump, either.

APE has climbed to the 5th spot on CoinMarketCaps trending list, with trading volumes up 72%, hitting $1.6 billion.

That rise has pushed APE into the 9th spot for most traded cryptocurrencies – overtaking XRP and PEPE.

Crypto expert @nullinger on Twitter has made a bold claim.

He believes APE could keep rallying to $69, and if that happens, it would set a new all-time high for the token.

It‘s an example of how excited the broader trading community is about ApeCoin’s current price action.

ApeChain Launch Fuels APEs Explosive Price Rally

So, whats behind APEs impressive rally?

It‘s all about ApeChain – a new Layer-3 blockchain that’s seriously upgraded the token.

ApeChain aims to turn APE from a simple utility token into the core of its own ecosystem.

The chain comes with a bunch of new features.

One of the biggest is bridges that allow users to move APE between the ApeChain, Ethereum, and Arbitrum networks.

That flexibility has sent APE trading volumes soaring.

But theres more.

ApeChain also offers automatic yield generation, so APE holders can earn passive income without doing anything.

This mix of enhanced utility, cross-chain options, and easy returns has investors buzzing.

Before ApeChains launch, the APE token had been treading water around $0.69.

Now, its at a six-month high.

All in all, the story of APE‘s price rise shows the power of blockchain upgrades to revitalize a token’s ecosystem – and reignite investor interest.

Could Pepe Unchained Follow APE? New Layer-2 Project Raises Over $21M in Presale

Alongside ApeCoin, another token is beginning to generate traction.

That token is Pepe Unchained – a meme coin with big plans.

The creators are setting out to build a whole ecosystem on a new Layer-2 Ethereum blockchain called “Pepe Chain.”

This is similar to what ApeChains developers have done.

However, the similarities dont end there.

Like ApeChain promised increased utility for APE, the Pepe Chain has some ambitious aims.

According to Pepe Unchaineds whitepaper, it could be up to 100 times faster than Ethereum and have much lower fees.

Add instant bridging between the Pepe Chain and Ethereum, and the formula feels like APEs recipe for success.

But Pepe Unchained is also adding its own twist.

For example, the Pepe Chain will also have a “double staking” protocol that offers APYs of 106%.

Plus, there will be developer grants for those who wish to build DApps on the new Layer-2 chain.

It‘s like the team has taken ApeCoin’s strategy and turned it up a notch.

People are noticing – with Pepe Unchaineds presale having pulled in over $21.1 million in early funding.

Interested investors can get PEPU tokens for just $0.0112 each during the presale.

So, could Pepe Unchained follow ApeCoins lead?

Time will tell, but for new cryptocurrencies, thinking outside the box can sometimes lead to enormous gains.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

  • Token conversion
  • Exchange rate conversion
  • Calculation for foreign exchange purchasing
/
PC(S)
Current Rate
Available

0.00