
ApeCoin's value skyrocketed by 118% due to the launch of ApeChain, a new Layer-3 blockchain.
ApeChain quickly gained traction, with $5 million in trading volume and a surge in ApeCoin's total on-chain volume.
The Automatic Yield Mode and increased user base indicate ApeCoin's potential for further growth.
ApeCoin has seen an incredible 118% jump in just 24 hours, thanks to the launch of ApeChain. This new Layer-3 blockchain, built on Arbitrum Orbit, is generating a lot of buzz in the crypto world. But the excitement goes beyond just this launchโthere’s much more behind ApeCoin’s impressive rise.
Letโs explore whatโs happening and why ApeCoin is making such big waves in the market.
ApeChainโs Impact: $5 Million in Just Three Hours
The launch of ApeChain quickly shook up the market. Within the first three hours, it recorded an impressive $5 million in trading volume, according to Camelot DEX. The buzz surrounding this blockchain drove ApeCoinโs price up significantly, with its on-chain volume skyrocketing by nearly 3,000%, nearing the $1 billion mark. These remarkable figures show how rapidly the market is responding, indicating that ApeChain is already making a major impact.
Passive Income with ApeCoin?
One key feature attracting attention is Automatic Yield Mode. This allows ApeCoin holders to earn rewards without actively staking their coins. Itโs a โset it and forget itโ option that could draw in more investors interested in passive income. Since the launch of ApeChain, the number of users has jumped from just 83 to over 3,000, suggesting that people are excited about the opportunities ahead.
Whatโs Next for ApeCoin? Price Targets and Market Factors
Looking ahead, ApeCoin may have even more potential for growth. The token has broken free from a downward trendline that held it back since June. If this momentum continues, ApeCoin could move past the $1.47 mark and aim for $2. However, itโs crucial to keep an eye on factors like long-term holders selling their assets and Bitcoinโs performance. Currently trading at $1.51, the market is eager to see where ApeCoin will go next.
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Are you as excited about ApeCoinโs future as we are? Tell us!