ApeCoin Rally 66% – But What's Stopping APE From Hitting $1.80?

• APE has caught the attention of both investors and enthusiasts, breathing new life into the token.
• However, if this speed slows down, the pressure may increase.

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

With a stunning 66% price rally, the excitement among investors is palpable. The surge comes on the heels of the highly anticipated bridge launch, raising curiosity about how high APE could fly 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 in a high following expected mainnet Launch

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

In addition to AppChain, the launch of AppExpress, a streamlined platform for generating memecoins, attracted over 137,000 unique visitors and generated substantial trading volume in just 24 hours.

Source: IntoTheBlock

As ApeCoin has gained traction, now closing in on its early April price range of $1.80, it seems the six-month slump has finally paid off, pushing many stakeholders to net profits and rewarding their patience.

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

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

With renewed interest building, ApeCoin is poised for a vibrant comeback, and the buzz around it is electric!

Everyone is joining the APE craze

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

After a low hit in August that saw Whale holdings drop to 790 million coins, a remarkable turnaround has occurred.

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

Source: Sandhi

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

Read ApeCoin [APE] Price Forecast 2024-2025

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

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