As the Bitcoin-led Bull Run Gains Momentum, a Handful of Meme Coins Continue to Rank Among the Top Crypto Gainers, with Projects Like ApeCoin Grabbing the Headlines

As the Bitcoin-led bull run gains momentum, a handful of meme coins continue to rank among the top crypto gainers, with projects like ApeCoin

As the Bitcoin-led bull run continues to heat up, a select few meme coins have managed to remain among the top crypto gainers despite the market downturn. Among these are projects like ApeCoin, which has been making headlines with its impressive price rallies.

The Ethereum meme coin has risen in value by more than 40% over the past week, reaching highs of $0.6 at press time.

With technical indicators now suggesting that the bullish momentum could continue, prominent analysts are optimistic that APE could revisit the $1 level soon.

Will the meme coin continue to be among the top crypto gainers in the coming days?

What is ApeCoin?

Developed by Yuga Labs—the team behind the famous Bored Ape Yacht Club (BAYC)—ApeCoin is a project that blends the viral appeal of meme coins with real utility. It is the native token of ApeChain, a Layer-3 network developed on Arbitrum.

The project’s mainnet launched in 2024, following a testing phase dubbed “Curtis.” During this phase, the team opened up the opportunity for interested users to experiment with the network’s features and functions in a smaller-scale environment.

One of the core features of this blockchain platform is Timeboost, which is tailored to speed up transaction processing. ApeChain is also governed by the ApeChain DAO, which is comprised of APeCoin holders.

The meme coin also derives its use cases across several other niches in the Web3 space including:

Together, these use cases make ApeCoin a crucial component of the APE ecosystem.

APE Price Analysis

APE’s latest price action has also come as the market sees renewed interest in meme coins and other altcoins. The Ethereum meme coin has been able to capitalize on this bullish momentum to register some of the highest price spikes, making headlines as one of the top crypto gainers over the past seven days.

Currently ranked 13th in terms of top meme coin by market cap, APE could be on track to reach the $1 mark soon—having broken past the $0.6 resistance level.

A dive into the four-hour chart indicates that the meme coin is moving outside the upper Bollinger Band, which signals an overbought condition.

Typically, a pullback towards the middle band follows a price break above the upper band, and signals a potential consolidation or minor correction in the short term. However, the recent widening of the bands may also suggest that more upward movement could be on the horizon.

APE Price Prediction

Short-Term

Even though a zoomed-out look at the daily charts shows APE trading in the red, weekly charts reveal a different picture of the token. At the time of writing, the meme coin’s 200-day SMA (Simple Moving Average) is $0.91.

Considering that the token is gradually moving close to this MA trendline, it is more likely that it could finally break out of its multi-month downtrend soon. If the market conditions remain bullish, a continuous stream of green candles will likely push its value up above the $1 in the coming weeks.

However, a slight pullback remains possible too, as the token’s relative strength index is hovering around the 70 region.

Long-Term

It is not exactly clear how the APE price will move on the price charts in the long term. However, it is much more likely that its use cases—as the transaction token of ApeChain and an integral part of Yuga Labs’ metaverse project—will boost its exposure. Additional integrations and collaborations could help as well.

With this in mind, it is possible that the APE token will see gradual but steady growth in the coming years.

Famous YouTubers, Including ClayBro Among Those Finding Potential In BTC Bull As It Surpasses $5.6M In Presale

As meme coins continue to steal the limelight, investors seeking substantial returns in this bull market are turning towards promising newcomers like BTC Bull.

This Bitcoin-themed meme token, created by a collective of experienced developers, has been making waves with its unique concept and rapid presale contributions, now exceeding $5.6 million.

BTC Bull is a meme token that embodies the essence of Bitcoin dominance, aiming to provide an accessible investment opportunity for a broader audience. It is also the transaction token of BTC Chain, a Layer-3 network that is being built on Base.

The token will be deployed on Ethereum’s mainnet following the presale completion, enabling seamless integration with major crypto exchanges.

BTC Bull is not just a meme token; it’s a community-driven initiative that leverages the enduring popularity of Bitcoin. The token will be used for transactions within the BTC Chain ecosystem, which is being built to support various dapps and services.

The token’s value will be determined by market forces of supply and demand, influenced by factors such as the number of BTC Chain users and dapps in the ecosystem.

BTC Bull