ApeCoin (APE), an ERC-20 token, has experienced a surge in value following the launch of ApeChain, a blockchain network built on Arbitrum technology. APE has seen a 40% increase in the past 24 hours and has a market cap of $1.1 billion. The cryptocurrency's trading volume has also significantly increased. ApeChain serves as the foundation for the APE ecosystem, and its low fees and fast transaction settlements have attracted developers. Currently trading at a discount from its all-time high, APE is expected to reach the resistance zone between $1.7 and $2. The bulls are in control, but a cool-off period may be approaching.



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