The ApeCoin (APE) rally has begun: The memecoin frenzy continues!
The once popular altcoin ApeCoin ($APE ) has taken off with the memecoin trend.
The launch of ApeChain had a critical impact on the market. According to Camelot DEX, ApeChain recorded a trading volume of $5 million in just three hours. With the memecoin frenzy on ApeChain, sharp increases were observed in the APE price. Its total volume on the chain increased by almost 3000 percent, approaching $1 billion. These figures show how quickly the market reacted, and it is clear that ApeChain has already made a big leap.
The ApeCoin team announced the launch of Apechain at the ApeFest 2024 NFT event in Lisbon. Apechain is defined as a private network that facilitates decentralized applications (dApps). APE will be used in transactions on the network. Apechain will allow developers to build applications that integrate directly into the $APE ecosystem.
Memecoin hunters, on the other hand, liked ApeChain a lot. The brand new network ApeChain came to the fore with the sharp rise of memecoins in the ecosystem.
ApeCoin, which came to the fore with the attention ApeChain attracted and Bitcoin exceeded $ 69,000, increased by 140 percent in just two days. The popular altcoin, which has been rising breathlessly since $ 0.75, tested $ 1.80. APE, which faced selling pressure at $ 1.80, is changing hands at $ 1.60 as of the writing of the news. If ApeChain activity increases, $BTC breaks $ 70,000, or BTC dominance decreases, $ 2 can be targeted for ApeCoin.
