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ApeCoin has seen an explosive rise, jumping by 118% in just one day. The main reason? ApeChain. This brand-new Layer-3 blockchain, built on Arbitrum Orbit, is the talk of the crypto space. But that’s not the only thing driving this excitement—there’s more to the story. Let’s dig into what’s happening and why ApeCoin is making such big waves in the market. ApeChain Launch Causes ApeCoin to Skyrocket The launch of ApeChain had an immediate impact on the market. In just three hours, ApeChain recorded $5 million in trading volume, according to Camelot DEX. The buzz around this new blockchain sent ApeCoin’s price soaring. Its total on-chain volume surged by almost 3000%, nearing $1 billion. These numbers show how quickly the market is responding, and it’s clear that ApeChain is already making a huge splash. Coingecko data shows that the price of ApeCoin has soared 118% in the past 24 hours. ApeChain was launched today and a large number of memecoins have been created on ApeChain. ApeChain is an Arbitrum Orbit L3 blockchain. Through the Automatic Yield Mode, users holding ApeCoin on… — Wu Blockchain (@WuBlockchain) October 20, 2024 Passive Income with ApeCoin? A big feature that’s grabbing attention is the Automatic Yield Mode. With this, ApeCoin holders can earn rewards without having to stake their coins actively. It’s a “set it and forget it” type of feature, which could bring in more investors who like the idea of passive income. Since ApeChain launched, the number of users shot up from just 83 to more than 3,000. This kind of growth hints that people are excited about what’s to come. Over the last few months we’ve been highlighting integrations from industry leading protocols ON APECHAIN, but there’s more… Our commitment to bringing distribution opportunities to the community means worldwide visibility for…

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Filed under: News - @ October 21, 2024 7:25 am