$APE surges 100% in one day

ApeCoin ($APE) is an ecological currency released by the once popular NFT project - Boring Ape (BAYC). Although it achieved impressive results at the beginning of its release, with the collapse of the NFT market in the past two years, ApeCoin ($APE) APE) has almost disappeared from investors’ horizons.​

However, after several years of downturn in the NFT market, the ApeCoin team made a major announcement a few hours ago, which directly pushed the price of $APE to soar by more than 100%. It not only brought $APE back into the market focus, but was also seen as promising A big help to save the NFT market.​

Behind the skyrocketing $APE: ApeChain is officially launched

According to data from CoinGecko, ApeCoin ($APE) has surged from a low of $0.7 in the past 24 hours, once touching a high of $1.75, with a maximum increase of more than 120%, and the price was reported at $1.5254 at the time of writing.​

$APE 價格圖表Image Source: Coingecko $APE Price Chart

Behind the surge in ApeCoin ($APE) is the team’s official announcement of the launch of its exclusive blockchain, ApeChain.​

Apecoin 官方公告Image source: X Apecoin official announcement

 

According to the team announcement, ApeChain uses $APE currency as the native Gas token of the entire ApeChain ecosystem. It not only allows users to cross-link $APE currency between ApeChain and blockchains such as Ethereum and Arbitrum through cross-chain bridges. Chain transfer also provides a non-pledged native income model for multiple tokens.​

The launch of ApeChain not only means a technological breakthrough, but may also become an important driving force for the re-emergence of the NFT market. According to CoinGecko data, ApeChain has achieved a transaction volume of more than 5 million US dollars in just 24 hours, and the number of active users has also increased from The number of people increased from 83 to 3,235.​

What is ApeChain? 3 major features to watch at once

What is ApeChain? What are the characteristics? Let’s deeply analyze the prospects, development and future of ApeChain.​

ApeChain adopts the LayerZero Omnichain Fungible Token (OFT) standard, allowing $APE to be transferred seamlessly across multiple blockchains.​

In addition, the team also cooperated with DecentXYZ to launch a new native income mechanism that allows holders to automatically earn token income without the need to manually pledge or receive rewards. This is undoubtedly a great solution for investors who want to hold ApeCoin for a long time. is a very attractive feature.​

In order to keep up with the meme craze and rapidly expand the on-chain ecosystem, ApeChain has also launched Ape Express, a one-click on-chain currency issuance platform supported by ApeCoin ($APE). The concept is similar to the well-known meme currency issuance platform pump. fun.​

According to officials, users can publish a meme coin on Ape Express in "just one minute," further increasing demand for the $APE token.​

Can Apechain lead to the re-emergence of NFTs?

From the trough of the NFT market to the current surge, the re-emergence of ApeCoin ($APE) has undoubtedly given other struggling and planning NFT projects a good benchmark - to build their own chain and ecosystem, ApeChain The launch not only improves the technical level of ApeCoin, but also injects new vitality into the NFT market.​

無聊猿系列 NFT 價格Image source: Blur Boring Ape Series NFT Price

According to data from the NFT trading platform Blur, the two main NFT series of Bored Ape (BAYC), (Bored Ape Yacht Club) and (Mutant Ape Yacht Club), have risen by 14.45% and 12.7% in the past 24 hours.​

With the expansion of the ApeCoin ecosystem and the smooth operation of ApeChain on Arbitrum Orbit, with the expected addition of more projects and applications in the future, many people have begun to expect that ApeChain can become the key to the recovery of the NFT market.​