apechain

#ApeCoin (APE), the native token of the $APE
ecosystem, has added 66% in value over the past 24 hours.

At the time of writing, the cryptocurrency's #exchange rate has surpassed $1 and may continue to rise. Let's figure out with the help of technical indicators and onchain metrics what the reason for the sudden rally is.

The launch of ApeChain has drawn attention to ApeCoin

One of the reasons for the sharp rise in the APE price was the launch of the Layer-3 #apechain network developed by ApeCoin #DAO called Arbitrum Orbital Chain. As a result, the token is back in the top 100 cryptocurrencies by market capitalization.

The project team said on Twitter that bridges are already active and users can access the blockchain.

“Bridges are active. Transfer your tokens to ApeChain now to start earning in APE, ETH and various stablecoins,” ApeCoin announced.

Within three hours of the launch, Camelot - an Arbitrum-based DEX - reported that ApeChain volume had surpassed $5 million, a trend that received additional support from ApeCoin's overall onchain volume.

According to Santiment data, the volume has increased by nearly 3,000% in the last 24 hours and is approaching the $1 billion mark. If the figure continues to rise along with the price, the altcoin's exchange rate could exceed $1.25 in the coming days.

The APE network has recently shown remarkable growth, tracked by the number of new addresses that have begun interacting with the protocol. As of October 18, the number stood at 83. By the time of this writing, the number of participants has increased to 3,235.

This indicates that more people are starting to use the APE token. If the trend continues, demand for APE could increase, which in turn would potentially increase the price of the altcoin.

APE price prediction: a possible rise to $2

From a technical point of view, ApeCoin has come out of a downtrend that has lasted since June. All this time, the price of the altcoin fluctuated between $0.55 and $0.85.

Now, the Moving Average Convergence and Divergence (#MACD ) indicator is showing significantly positive values, which has not been the case for almost a month. MACD measures momentum, where negative values indicate bearish momentum and positive values indicate bullish momentum.

If investors remain interested in APE, its price could reach $1.47 and even rise to $2.

However, if APE holders who did not sell the token during the long slump decide to lock in profits, the altcoin will face a correction to $0.86.

The group managing ApeCoin, a decentralized autonomous organization (DAO), has decided to create ApeChain, a gaming-focused platform, on Arbitrum. Arbitrum is a popular Ethereum scaling solution.
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ApeChain will operate as a Layer 3 network and will be controlled by Ape holders. Additionally, the Ape token will serve as a means to pay for transaction fees on the platform.

ApeCoin DAO Chooses Arbitrum for ApeChain Infrastructure
Steven Goldfeder, co-founder of Offchain Labs, expressed their commitment to supporting the ApeCoin DAO in realizing its vision for ApeChain by providing the necessary infrastructure.
The announcement led to a 5% surge in APE token value, offering a welcomed break for a token that had been experiencing a consistent downtrend since its launch almost two years ago. Over the past week, APE has seen a 16% increase in value.
Last month, the ApeCoin DAO embarked on a mission to develop its dedicated blockchain, aiming to boost efficiency and lower transaction costs within the APE ecosystem. Gas fees on the Ethereum mainnet had posed adoption challenges for ApeCoin, which operates as an ERC-20 token.
After considering proposals to build ApeChain on various platforms, including Arbitrum, Optimism, and skSync, the DAO settled on AIP-378, a collaborative proposal by Horizen Labs and Offchain Labs.
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ApeChain will be developed on Arbitrum Orbit, a platform allowing the creation of customized Layer 3 appchains atop Arbitrum’s One and Nova Layer 2 network. The high throughput capabilities of Orbit chains align with the DAO’s vision of establishing a Web3 gaming platform.
Furthermore, the ApeChain roadmap includes plans to implement APE as an omnichain fungible token (OFT) powered by LayerZero, providing the token with cross-chain functionality.
Controversy Surrounds ApeChain Proposal Outcome
Despite the passing of AIP-379 with slightly over half the votes in favor, many community members expressed dissatisfaction with the result, particularly due to the significant influence of Horizen Labs, the primary author of the winning proposal.
Some community members, like Bunny, sarcastically congratulated Horizen Labs for essentially voting for themselves and securing victory in the Ape Chain proposal.
Others went further, accusing the upper ranks of the DAO of engaging in self-serving actions, raising concerns about potential conflicts of interest.
Horizen Labs’ involvement in developing APE staking had previously drawn criticism for its execution, adding to the discontent surrounding its significant influence in the ApeChain proposal.
Despite the outcome, supporters of the competing A-Team, which received 11% of the votes, remain committed to their plan to develop an Optimism-based solution, potentially leading to the existence of two competing ApeChains in the future.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Apecoin #apechain #Arbitrum #Bitcoin #Altcoin

At first, positive sentiment around #ApeCoin drove its price up, but excessive bullish sentiment indicated a potential correction, which materialized in a 15% drop over the past day.
ApeCoin Sees a Significant Surge in Whale Transactions
Several crypto projects have witnessed a notable increase in whale transactions, with ApeCoin ($APE ) leading the pack. The ERC-20 cryptocurrency associated with Bored Ape Yacht Club (BAYC) saw an astonishing 2102.56% increase in whale transactions over the past week, with transactions exceeding $100,000.
Dramatic Rise in Whale Activity
According to the latest analysis by Santiment, this figure reflects a 22x increase in ApeCoin whale activity compared to its usual levels. This surge coincided with a nearly 78% price increase for APE over the last seven days, along with a trading volume spike of over 833%, indicating strong market momentum.
The increase followed the highly anticipated launch of ApeChain on October 20, developed by Yuga Labs, the creators of BAYC. ApeCoin DAO voted for the development of this layer 3 network back in January, which is built on Arbitrum One and fully compatible with the APE token. ApeChain supports NFT minting, trading, and decentralized applications, with the goal of enhancing the platform's user experience.
Warning of a Potential Correction
However, Santiment also warned that when a coin sees a significant rise in whale transactions—typically 5x or more than usual—its price tends to move in the opposite direction of its recent trend. For ApeCoin, which has experienced a sharp increase in whale transactions, this could signal an impending price drop. This scenario has already begun to play out, with APE's price experiencing a 15% correction over the last 24 hours.
Bullish Sentiment Peaks Before Correction
In recent weeks, ApeCoin has been one of the best-performing assets, attracting significant FOMO and bullish sentiment as its price climbed. However, as sentiment became overwhelmingly bullish, the asset corrected, and its price dropped. Santiment explained that this pattern isn't unique to meme coins—markets often move in the opposite direction of crowd sentiment. When sentiment becomes extremely bullish or bearish, it signals an ideal point for buying or selling, making price movements more predictable.

#apechain , #memecoin🚀🚀🚀 , #CryptoNews🚀🔥 , #WhaleTransaction

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欢迎阅读 OpenSea 文摘，让我们回顾一下本周最大的 NFT 和 web3 新闻。
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据 Azuki 团队介绍，该项目为未来的动画项目奠定了基础，也是该品牌进军该行业的更大战略的一部分，该集将持续约 15 分钟，并有第 1 集中回归的角色 Shao 和 Raizan。

Stripe 以 11 亿美元收购 Bridge，以扩展 web3 支付
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2023 年 8 月，PayPal 成为首个推出稳定币 PYUSD 的金融科技平台，成为头条新闻，专家认为，Stripe 的新收购将加速其在支付服务中使用区块链技术，帮助其跟上行业趋势。

Moonray 将于 2025 年在 PlayStation 5 上推出
Moonray 是一家专注于 3A 级近战 PvP 游戏的工作室，该公司宣布其基于以太坊的旗舰游戏将于 2025 年在 PlayStation 5 上首次亮相，游戏玩家可以在 Steam 和 Epic Games Store 上找到 Moonray。
该公司得到了 Animoca Brands 和 Polygon Ventures 等主要 web3 投资者的支持，该工作室还与 ReelFX Animation 合作推出一部即将上映的动画系列，关注 Moonray 最新的 NFT 铸造，该铸币于 10 月 23 日推出。
Venmo 与 Moonpay 整合
支付服务公司 Venmo 已与加密货币入口 Moonpay 集成，Venmo 报告的 6000 万用户现在可以更轻松地直接通过该应用程序购买加密货币。
该功能已经上线，用户可以使用他们的 Venmo 账户和余额购买各种数字货币，包括比特币和以太坊，不过，MoonPay 表示，纽约和德克萨斯州的用户尚无法访问该集成。

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以 XCOPY 闻名的数字艺术家发布了他的最新作品系列 “Cope Salada”，由 250 个独一无二的版本组成。
该系列于 10 月 8 日至 10 月 14 日在新的 Shape 第二层（L2）链上铸造，被描述为对快速发展的数字艺术世界的“本能反应”，XCOPY 将这些作品描述为“完美呈现的 A 级作品”，以一种幽默的方式描绘了艺术可以提供的情感释放。
XCOPY 最近告诉 web3 媒体 nftnow：“我们每个人都有自己的宇宙需要探索，我通过创作自嘲式的艺术来探索自己的宇宙。”
XCOPY 以其充满活力、充满故障的风格而闻名，他再次通过扭曲的霓虹灯图像突破了视觉叙事的界限，“Cope Salada” 迅速吸引了收藏家的注意，是他早期作品 “MAX PAIN AND FRENS” 和 “Afterburn” 大获成功的又一精彩续集。 

Yuga Labs 为创作者推出 Apechain
Bored Ape Yacht Club 背后的团队 Yuga Labs 正式推出了为创作者打造的区块链平台 Apechain，据报道，Apechain 以人工智能集成为核心，旨在帮助开发人员和艺术家更无缝地创作、货币化和展示他们的数字内容。 
据消息人士透露，Yuga Labs 计划在 Apechain 上扩展其生态系统，据报道，该平台即将推出的游戏化 Bored Ape 元宇宙 Otherside 和 Yuga 的免费无尽跑酷游戏 Dookey Dash: Unclogged 的下一部作品。
ApeChain 于 10 月 18 日在葡萄牙里斯本 Yuga Labs 的旗舰活动 ApeFest 上正式首次亮相。
Avalanche 推出 Visa 加密卡用于日常支付
第一层（L1）区块链 Avalanche 推出了新的 Visa 卡，帮助用户轻松进行加密货币支付。 
Avalanche 卡与用户的自保钱包相链接，使购物者能够轻松地将 AVAX 代币和其他支持的加密货币兑换成美元等法定货币，并在任何接受 Visa 的商家处结账，与典型的奖励信用卡一样，Avalanche 卡以 Avalanche 的本地货币 AVAX 提供奖励。
Avalanche 正试图通过此举弥合数字产品与传统金融之间的差距。

Phantom Wallet 增加了点对点代币共享功能
Phantom Wallet 是一款为 Solana、以太坊和 Polygon 构建的流行自托管加密钱包，它推出了一项新的代币共享功能，允许用户通过文本、iMessage、WhatsApp、Telegram、Discord 等平台上的聊天消息直接发送代币。
该功能于 10 月 21 日发布，可实现用户之间的无缝代币转移，无需通过复制钱包地址等外部交易流程，通过此更新，Phantom 旨在简化点对点加密交易，同时继续支持快速增长的 Solana 生态系统。
代币共享功能现已面向受支持的区块链上的所有用户开放。

OpenSea 宣布整合 B3 Chain
昨天，OpenSea 宣布整合基础游戏生态系统 B3 Chain，B3 的加入将为游戏开发者和工作室提供一个在 OpenSea 平台内部署 NFT 集合和游戏内资产的新场所，B3 的贡献者 NPC Labs 的使命是将有趣的游戏引入链上，同时消除加密货币的进入壁垒。
B3 是一个开放游戏生态系统，为游戏开发者提供高度定制的游戏链，这使其成为扩展和支持下一波链上游戏的理想生态系统。
B3 将支持 Parallel 备受期待的射击游戏 Tau Ceti，目前已与 GOAT Gaming、Farm Frens、DOT、Anomaly Gaming、Yomi Games、Unplayable Studios 等机构和项目合作，并在 Web、移动、桌面和 Telegram 平台上线。
请查看我们的完整博客文章以了解更多详细信息。

#azuki #XCOPY #YugaLabs #ApeChain

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