Could Apecoin be the Next Stargate?

The recent market is a volatile one, and it can be difficult to predict what will happen next. But one thing is certain: when there is increased activity on the network, it can be a sign of something big about to happen.

APE Active Addresses. Source: Sanbase
APE Network Growth. Source: Sanbase

We recently saw this with Stargate Finance. After a period of increased activity on the network, the price of STG surged. Could the same thing happen with Apecoin?

It certainly looks like it. We are seeing increased activity on APE, with token holders increasing their balances. This is a sign that the retail investors are getting involved, and that could be a sign of a price surge.

APE Supply Distribution by balance of addresses. Source: Sanbase

Of course, there is no guarantee that this will happen. The crypto market is unpredictable, and anything can happen. But if the market decides to turn around, Apecoin could be in a prime position to benefit.

It worked for Stargate, and it could work for Apecoin. We'll just have to wait and see.



Disclaimer: The opinions expressed in the post are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.

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