ApeCoin (APE) recent price performance is indeed remarkable, achieving over 100% growth in the past 24 hours. This significant price increase is primarily attributed to the launch of ApeChain's new Layer-3 blockchain, as well as the official announcement of a bridge that will allow token holders to transfer assets to ApeChain.

The launch of ApeChain has brought new vitality and more use cases for the APE token. APE is not only the native Gas token of ApeChain but also plays a central role in the Yuga Labs ecosystem, including as transaction fees, voting rights for ApeCoin DAO, and as a payment method in Yuga Labs games and IRL purchases.

Additionally, ApeChain allows holders to transfer their tokens to ApeChain, ETH, and Arbitrum (ARB) chains, further enhancing the appeal of APE. By holding APE on ApeChain, users can automatically earn native yields on their tokens, a new feature that greatly boosts market interest and positive sentiment towards ApeCoin.

The recent surge of ApeCoin highlights its potential for future growth, especially as its innovative features attract investors. Monitoring trends in Bitcoin and meme coins is crucial for understanding the development direction of ApeCoin. With further development of ApeChain and the expansion of use cases, the value of the APE token is expected to rise further.