CandleFocus After Surging by 110% Daily, Can ApeCoin (APE) Break its All-Time High?
2024-10-20
Author: Content Editor
The native token of ApeCoin, an NFT protocol, experienced a significant increase in value following the launch of ApeChain, its bridge for earning yield on ETH, APE, and stablecoins. The token surged by over 110% in a day, reaching a price above $1.70 for the first time since April. This led to speculation about a possible NFT and altcoin season. The ApeCoin team also announced the launch of an Automatic Yield Mode and hinted at an upcoming event in Las Vegas. However, despite the recent surge, the token is still far from its all-time high of $26.70 reached in April 2022. An AI chatbot called ChatGPT suggested that while ApeCoin has potential, reaching a new all-time high would require significant development from the team, positive market sentiment, and advancements in the metaverse.
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