top 100 cryptocurrency The most rising altcoin of the week and day was ApeCoin. The price has increased by more than 100 percent. This is not uncommon among the largest cryptocurrencies and is extremely impressive. Moreover, the potential for a continuation of the increase in the BTC price says that the gains can be multiplied.
Why Is ApeCoin Rising?
Coingecko data, ApeCoinIt shows that the price of has increased by 118% in the last 24 hours. ApeChain was launched today and many meme coins have been created on ApeChain. We have seen on Solana and many other networks that interest in this meme coin contributes to the price of the actual token. If the hype here grows, we can see that the door opens to much bigger peaks.
It is not surprising that the rise accelerated at the end of this week. Volumes remained weak while BTC surged strongly and defended $68,000. This caused investors to turn to fast-moving altcoins.
As ApeCoin experienced volatility with the launch of its network, it attracted additional volume, capitalizing on the interest of short-term traders for further upside.
ApeCoin (APE) Future
ApeChain is an Arbitrum Orbit third layer network. Ethereum 
$2,647 Since the layer2 network operates as Arbitrum’s subnet, its technical competence is quite sufficient. On the other hand, what will ensure the continuity of short-term price performance will be the strengthening of meme coin interest on the network. If BTC starts to see rapid losses, there is the potential for interest here to easily reverse and the APE Coin price to decline.
Thanks to the Automatic Earnings Mode, users who hold ApeCoins on ApeChain do not need to stake their tokens and will automatically earn profits. This both increases the demand for tokens and allows prices to increase further with volume from investors who trade news in anticipation of increased token demand.
There is no big news on the macroeconomic front in the coming days. BTC It is lingering at $68,000 and altcoins are generally calm. For now, there doesn’t seem to be any major issues that could take ApeChain’s wind out of sails.
APE Coin If it can exceed $2.7, it is possible for the rally to continue up to $4.53. For now, the price is stalling above $1.52.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
