ApeCoin (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.

ApeCoin (APE) price action has seen explosive gains this week following the main net launch for its new layer 3 blockchain.

However, despite its price surging 50% today, could the opportunity for big gains have 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.

ApeCoin’s smart contract has been upgraded with LayerZero's Omnichain Fungible Token standard!!

This makes APE the first token that can earn native yield and is used as gas for its own chain – APECHAIN, with interoperability across different chains.

LayerZero and… https://t.co/0OLQ90qmDK pic.twitter.com/t6uB9rAZ0a

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.

buying $1.33 for $APE, feel pretty confident on this pic.twitter.com/7d33KjbGak

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.

$APE so many people must be in fomo watching this pump like a beast the reason of pump is the launch of #ApeChain

if you feel like you have missed out the real game starts when we see a monthly candle sustain above 1.99 $ pic.twitter.com/Igr9h1hbMl

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.

Visit Flockerz Presale

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