- An analyst highlights a potential 1,200% total surge for Apecoin from its August 2024 low, emphasizing patience and strategy.
- Apecoin bridges on ApeChain increase utility, enabling native yield and solidifying its ecosystem’s demand and adoption.
From its August 2024 lows to early December, Apecoin (APE) managed to show an amazing 355% rise, according to a post by famous crypto analyst Alan Santana on TradingView. A retrace is expected to follow, but driven by the building of strong support levels, optimistic action is apparently resurfacing.
Based on its August low, Santana emphasizes the possibility for more gains and notes that, should APE reach its predicted 350% target, there will be over 1,200% overall growth for it. The analyst underlines, meanwhile, that the positive cycle is far from done.
“We go little by little, wave by wave, step by step,” Santana says, delineating a plan based on endurance and concentration. He also counsels traders not to overreact to market swings, corrections, and surprises—natural occurrences in bull markets.
Apecoin Trading: The Role of Patience and Planning
Successful trading depends, Santana contends, on the holding phase. To prevent the dangers of avarice or second-guessing, he advises traders to create sell orders at fixed goals. Emphasizing the need for discipline, he notes, “It is easier for me to set it and forget.”
Santana advises purchasing once more at new support levels even if prices climb following a sale in order to keep the cycle of expansion running.
Meanwhile, with its market cap hanging about $1 billion, APE is swapped hands at $1.34, up 6.96% over the last 7 days at the time of writing. This increasing momentum fits several recent changes inside the ApeCoin ecosystem.
On the other hand, ApeChain bridges, which allow native yield-earning options for APE, ETH, and stablecoins, as we previously reported. Through Layer Zero integration, APE has evolved into the first token to earn native yield and also acts as gas on ApeChain.
Besides that, ApeCoin also sent 8.289 million APE to Wintermute OTC, an action meant to increase demand for the token and improve liquidity.
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