ApeCoin rallies 66% – But what’s stopping APE from hitting $1.80?

• APE has captivated the attention of both investors and enthusiasts, breathing new life into the token. 
• However, pressure may mount if this momentum falters.

ApeCoin [APE] is making waves in the crypto market, soaring over 60% in the last 24 hours and making a triumphant return to the top 100 cryptocurrencies. 

With a stunning 66% price rally, excitement is palpable among investors. This surge comes on the heels of the highly anticipated bridge launch, sparking curiosity about just how high APE can soar in the days ahead.

ApeCoin is back in the spotlight

ApeCoin has seen a dramatic resurgence, doubling in value in just two days. This comes following the highly anticipated mainnet launch.

After a challenging 2022 and a staggering 70% drop in 2024 – hitting a new low of $0.48 in August – this news has revitalized interest in the token, thrusting it back into the spotlight.

In addition to Apechain, the launch of Ape Express, a streamlined platform for creating memecoins, has attracted over 137,000 unique visitors and generated substantial trading volume in just 24 hours.

Source: IntoTheBlock

As ApeCoin gains traction, now closing near its early April price range at $1.80, it seems the six-month slump has finally paid off, pushing many stakeholders into net profit and rewarding their patience. 

To be precise, around 22,000 APE wallets have made the shift, holding a staggering 179 million tokens. 

Certainly, these recent developments are not only reigniting faith among existing holders but also drawing in a wave of new investors eager to grab their share before the FOMO kicks in.

With fresh interest brewing, ApeCoin is poised for a lively comeback, and the buzz around it is electric!

Everyone is joining the APE craze

The APE craze is spreading like wildfire, capturing the attention of both investors and enthusiasts.

After hitting a low in August that saw whale holdings plummet to 790 million coins, a remarkable turnaround has taken place.

In just two months, these holdings have surged to an impressive 805 million, reflecting a staggering increase in interest. 

Source: Santiment

The total number of holders has also skyrocketed, surpassing the impressive 150K milestone.

Read ApeCoin’s [APE] Price Prediction 2024–2025

Overall, the future looks bright, as the buzz around APE is attracting new investors and whales while encouraging those in net loss positions to stick around.

However, keeping an eye on these positions is crucial. If these holders decide to cash out, the rally could face a setback, making a pullback inevitable.