ApeCoin experienced an explosive rally this week after the main net went live for its new layer 3 blockchain.
But with its price surging 50% today, has the opportunity for big gains passed?
APE Primed For Growth On New Utility and Chart Strength
APE will be used to pay gas fees on the new ‘Ape Chain,’ creating a novel demand stream that could prop up its price.
The current APE price is $1.48, up 43% today, 97% this week, and 86% this month. It holds a $1.1 billion market cap and a $2 billion 24-hour trading volume.
Despite its recent pump, APE remains 96% from its March 2022 all-time high, reflecting significant room for growth.
In a recent tweet, the Ape Coin team revealed that ApeCoin’s smart contract has been upgraded with LayerZero’s Omnichain Fungible Token standard. It can now earn native yield and be used as gas on the Ape Chain.
This creates a new demand for APE, with Ape Chain users needing to buy the token for transaction fees.
What could this mean for the APE price? Popular analyst Altcoin Sherpa noted that APE is showing strength around the $1.3-$1.4 zone and said he’s buying.
Meanwhile, LAXMAN pointed to the Ape Chain launch and said the “real fun” will start if the October monthly candle closes above $1.99.
This would create a macro-time-frame higher high, marking the end to Ape Coin’s relentless long-term selloff and laying the way for explosive gains.
Put differently, Ape Coin’s recent rally may be insignificant compared to what’s to come.
Thanks to its new brainchild, Ape Chain, momentum is returning to Ape Coin after a ‘down-only’ price trajectory since April 2022.
This underscores the importance of innovation in crypto. By adding a new feature, Ape Coin has revived itself and is now tipped for big gains.
With that in mind, another project to consider is Flockerz. It’s a new meme coin, but it brings several novel utilities that separate it from its peers.
Flockerz Is the First Vote-to-Earn Meme Coin DAO – Can It 100X?
Flockerz is setting the pace for other meme coins with the industry’s first Vote-to-Earn decentralized autonomous organization (DAO).
They’re creating an ecosystem where every holder has a voice and control over the project’s future.
$FLOCK holders will be able to access the FlockTopia DAO, where they can vote on important matters relating to the project’s future. This even includes managing its treasury, to which 25% of the token’s total supply is allocated.
Meme coins are community tokens, but Flockerz takes this a step further. $FLOCK essentially makes investors shareholders in the project.
It’s an innovative way to encourage community engagement while ensuring a fair and decentralized decision-making process.
But there’s more. Flockerz also has a live staking mechanism that currently provides a 1,851% APY. This allows users to generate passive rewards on their investment, incentivizing long-term holding.
This is drawing massive interest in the market. The presale has raised over $900K so far and has also received backing from top analysts.
For instance, the 99Bitcoins YouTube channel says its price could be 100x and pointed to its unique approach to governance as a reason why.
Investors can buy $FLOCK for $0.0058161, but this price will rise throughout the ICO.
The next increase is in one day.
