ApeChain and its official cross-chain bridge are now online, and users can cross-chain tokens such as ETH and APE into ApeChain. ApeCoin uses an automatic income model, so that users do not need to continuously claim or pledge when holding APE on ApeChain, and the income will automatically increase with each block.

图片In addition, the stablecoins that cross-chain to ApeChain will be converted to DAI and deposited into sDAI, accumulating earnings according to the interest rate of MakerDAO. Affected by the good news, the APE token soared from $0.75 to a maximum of $1.73, and is currently quoted at $1.47, with an increase of more than 100% in the past 24 hours. According to Coinglass data, the APE contract liquidated $16.14 million in the past 24 hours, and the open position reached 175 million APE, equivalent to about $260 million.图片

Apechain officially enters the Meme market

At 4:30 am on October 20 (UCT+8), Apechain's first Pump application Ape Express was launched. Apecoin officials actively participated in the interaction, which stimulated the enthusiasm of the old OGs in the BAYC community. After a long bear market and half a bull market, everyone finally found an opportunity to vent their anxiety about Meme getting rich. In the first hour of its launch, Ape Express's transaction volume exceeded one million US dollars, and exceeded 25 million US dollars in 12 hours!

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On one hand, Apecoin’s native currency is pulling up the market, and on the other hand, the chain’s golden dogs are continuously released. The already restless players are now even more anxious. They can’t wait to buy Apecoin and go all in immediately.

But as the saying goes, where the money is, there are the scammers.

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How to seize the Golden Dog opportunity?

First of all, you must invest in a good market sentiment. If the market is sluggish, the success rate of attacking small currencies and meme coins is low, and the risk of loss is high.

1) Good market conditions lay the foundation for the hype of meme coins. Next is the narrative. New and unique elements are the main attraction of memes. For example, unique IP images (such as frogs, geese, hippos, etc.) and peculiar cultural expressions can arouse attention.

2) Good background connections, including institutional support or high-powered OGs. These are the core forces driving the Golden Dog, and the influence comes from the participation of big figures and institutions.

3) Follow market sentiment: Golden Dog needs to be widely known in the circle. When everyone starts to FOMO, it is usually a short-term peak. Improve cognition, use tools to collect information, quickly intervene in memes, and learn to review contract security and mechanisms. At the same time, reasonably allocate funds and protect the principal.

4) Luck: Luck plays an important role in short-term speculation. If you want to bet on Binance becoming a big golden dog, you need luck and persistence.

In short, seize attractive memes, intervene in time after seeing market discussion trends, and then conduct detailed research.

Today's article ends here. We are currently in a bull market, and the situation is turbulent. We share passwords every day. If you don't know what to do in a bull market, welcome to follow us. Bull market spot passwords and layout strategies can be shared free of charge.
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