CandleFocus Turtle-themed Speedy, Bored Ape’s ApeCoin spike over 100%
2024-10-20
Author: Content Editor
The meme coins Speedy (SPEEDY) and ApeCoin (APE) have experienced significant price increases of over 100% in the last 24 hours. Speedy, launched on the Fantom blockchain, saw a spike of over 150%, reaching an all-time high of around $0.03346. ApeCoin enjoyed a 105.0% increase, trading between $0.7393 and $1.66 in the same time period. The surge in Speedy's price was analyzed by crypto observer Ben Crypto, who noted its rapid rise from a market cap below $1 million to around $10 million. A closer look at ApeCoin's bullish momentum revealed the launch of ApeChain, a new Layer-3 blockchain, as the primary reason for the increase. ApeChain offers features such as yield farming and has seen a significant increase in meme activity on the platform. ApeCoin is the native cryptocurrency of the Bored Ape Yacht Club NFT collection and is governed by the ApeCoin DAO.
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