ApeCoin rallies 66% – But what’s stopping APE from hitting $1.80?

  • APE has captivated the attention of both investors and enthusiasts, breathing new life into the token. 
  • However, pressure may mount if this momentum falters.

As a seasoned researcher with a decade of experience in the ever-evolving cryptocurrency market, I’ve seen my fair share of bull runs and bear markets. However, the recent surge of ApeCoin [APE] has left me truly impressed. With its meteoric rise over 60% in just 24 hours, it’s hard not to feel a sense of exhilaration.


In the bustling world of cryptocurrency, ApeCoin (APE) is creating quite a splash. It has spiked by more than 60% in the past day, reclaiming its place among the leading 100 digital currencies.

As an analyst, I’m thrilled to report a remarkable 66% price surge in recent times, a development that has undeniably ignited enthusiasm among investors. This uptick follows closely on the heels of the much-anticipated bridge launch, leaving us all wondering how far APE might climb in the coming days.

ApeCoin is back in the spotlight

In the past two days, ApeCoin has experienced a significant surge, nearly doubling its worth. This positive trend can be attributed to the much-awaited debut of its main network.

Following a tough year in 2022 and a significant 70% decline in 2024 that reached an all-time low of $0.48 in August, this announcement has rekindled enthusiasm for the token, bringing it once again into focus.

Beyond Apechain, the debut of Ape Express – a simplified service designed for developing memecoins – has drawn in more than 137,000 individual users and produced significant trading activity within a single day.

With ApeCoin’s popularity on the rise, currently hovering around its initial April price of approximately $1.80, it appears that the half-year dip has been worthwhile, as it has moved numerous investors into a positive net position and validated their enduring perseverance.

Approximately 22,000 APE wallets have migrated, now containing a total of 179 million tokens.

As a crypto investor, I can’t help but feel a surge of excitement with these latest advancements. Not only is it rekindling trust among current stakeholders, but it’s also attracting a tidal wave of fresh investors who sense an opportunity to hop on board before the fear of missing out (FOMO) sets in.

As a researcher with newfound enthusiasm, I find myself intrigued by the resurgence of ApeCoin. The energy surrounding it is palpable, and the excitement is electrifying!

Everyone is joining the APE craze

The APE craze is spreading like wildfire, capturing the attention of both investors and enthusiasts.

Following a significant drop in August, where the whale’s holdings decreased to approximately 790 million coins, an impressive reversal or recovery has since transpired.

Over the course of only two months, the value of these assets has significantly grown to an astonishing 805 million, showcasing a massive surge in investor enthusiasm.

The total number of holders has also skyrocketed, surpassing the impressive 150K milestone.

Read ApeCoin’s [APE] Price Prediction 2024–2025

In summary, the optimism surrounding APE is growing, leading more investors, including the large ones known as ‘whales,’ to take notice. Meanwhile, it’s also keeping those who are currently in a negative position from leaving.

Yet, it’s essential to monitor these positions closely. If these investors choose to sell, the rally might experience a pause, leading to a possible correction.

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2024-10-22 07:03