ApeCoin (APE), the once popular altcoin, took flight with the memecoin trend.
The launch of ApeChain had a significant impact on the market. According to Camelot DEX, ApeChain recorded $5 million in trading volume in just three hours. With the memecoin craze in ApeChain, the price of APE saw a massive increase. Its total on-chain volume grew nearly 3,000 percent to $1 billion. These numbers show how quickly the market reacted, and it’s clear that ApeChain has already taken a big leap.

ApeChain left its mark on the market.
The ApeCoin team announced the launch of Apechain during the ApeFest 2024 annual NFT event in Lisbon. Apechain is defined as a private network that facilitates decentralized applications (dApps). APE will be used as a gas token for transactions on the network. Apechain will allow developers to build applications directly integrated into the APE ecosystem.
Memecoin hunters like ApeChain a lot. ApeChain, which is still very new, came up with the rapid rise of memecoins in the ecosystem.
APE increased by 140% in just two days!
ApeChain attracts attention and BitcoinApeCoin, which went public when it crossed $69,000, recorded a 140 percent increase in just two days. The popular altcoin, which has been soaring from $0.75, tested $1.80. APE, which faced selling pressure at $1.80, is changing hands at $1.60 as of press time. If ApeChain activity picks up, BTC breaks $70,000 or BTC’s dominance declines, $2 could be targeted for ApeCoin.

This article does not contain investment advice or recommendations. Every investment and trading venture involves risk, and readers should do their own research when making decisions.