"ApeCoin has introduced an automatic yield mode, allowing users to passively earn returns by staking their APE tokens," one observer said, explaining the catalysts for the price rally.
ApeCoin ecosystem, has doubled in value over the weekend, topping $1.5 for the first time since April
ApeCoin has introduced an automatic yield mode, allowing users to passively earn returns by staking their APE tokens. This new feature reinvests rewards automatically, maximizing yield over time,"
The system is part of the broader ApeCoin ecosystem, which aims to enhance token utility by encouraging users to engage more actively with the token through games, staking pools, and other activities. The platform also plans to extend support to other yield-generating cryptocurrencies to attract a larger user base,"
