Relying on Meme Coin to make a comeback, how to participate in the newly launched ApeChain?

Written by: Biteye core contributor Viee

Editor: Biteye Xiaobai NavigationCore Contributor Crush

If you have heard of the NFT "Boring Ape" (BAYC), which has long dominated the list during the last bull market, then you will definitely be curious about ApeChain.

Last Sunday, Bored Ape Yacht Club officially announced the launch of the ApeChain mainnet, and the market responded positively. The price of $APE soared by more than 120% within 24 hours.

Bored Ape Yacht Club officially announces the launch of ApeChain mainnet

01 How is ApeChain’s performance after going online?

ApeChain is a blockchain-based blockchain that is powered by ApeCoin.DAO A Layer-2 network developed on top of Arbitrum Orbit, designed to support the ApeCoin ecosystem, centered around Bored Ape (BAYC)CommunityExpand.

Its features include an “automatic income mode” that allows users to hold ApeCoin and trade and provide liquidity on the chain.

Currently, ApeChain has attracted a large number of active participation in applications, games and other projects, such as Ape Express, a meme coin issuance platform similar to Pump.fun, and Top Trader, a trading simulation game platform.

Ecological projects displayed on the ApeChain official website (https://apechain.com/)

The chain narrative is the focus of Greg Solano, one of the founders of Yuga Labs, after he re-assumed the position of CEO. After the new chain was launched, Degen players flocked in and began to hype the new chain Meme coin. Let's take a look at the performance of Apechain on the first day:

• 2640TokenCreated on the Ape Express platform

• 55 Meme coins successfully closed the internal market

• 7 meme coins with a market value of over one million appear

• Over 50m transaction volume

This performance is still quite good.

02 How do new players participate in ApeChain?

So do new players still have a chance now? The answer is: yes.

If new players want to enter the market now, the timing is not bad, because the first wave of PVP is over, and the leading Meme has been stabilized. And according to the ecological introduction on the official website, in addition to the Meme infrastructure, many games will be launched in the future.

Here is a detailed introduction on how to participate in ApeChain:

• Cross-chain:The first step to go to the new chain is definitely cross-chain. ApeChain's Gas fee coin is $Ape Token，官方桥 （https://apechain.com/portal）目前支持以太主网和 Arbtrium，可以跨多种代币，但是要注意看磨损，目前只有 $Ape 跨链是没有磨损的。第三方桥可以选择 Stargate，但是只支持 $Ape 跨链。

• Find Meme Coins:If it is an internal market, you can look for new and valuable Meme coins on Ape Express. If it is already on Dex, you can use Dexscrenner, select ApeChain, and you can see the popularity ranking of Meme coins on the current chain. It is not recommended to buy tokens with a relatively low market value.

• Swap:The current mainstream Dex is Camelot, and DYORSwap supports much fewer coins.walletRPC will be added automatically. Just select the coin you want to buy and swap it directly.

$CURTIS token trading interface in Ape Express (not a recommendation, just an example)

In addition to playing Meme, Top Trader (@Toptrader_xyz) in the ApeChain ecosystem is also online. This is a platform that provides trading simulation. The gameplay is actually very simple:

• Pay 10 $Ape to participate in the trading competition of the day.

• You will get 10,000U game coins at the beginning, and then go to the currency supported by the trading platform, with a minimum leverage of 100 times and a maximum leverage of 1,000 times. If the game coins are used up, you can continue to buy tickets to get new game coins.

• The top-ranked traders will share the 50% competition prize pool.

Top Trader simulated trading interface, showing click on the lower left corner to pay 10 $Ape

If you are a very good trader, you can try to see if you can get rewards. If you are not a very good trader, you can also participate in the airdrop.

03 Risk Warning

The rapid rise of ApeChain has attracted widespread attention from the market. Although the current market response is very positive, there is still a gap between the demand side of ApeChain and mainstream public chains such as Ethereum and Solana.

Considering factors that affect long-term development, such as the number of coin holders and liquidity issues, does ApeChain have the potential to create a wealth effect? Or will it gradually cool down after the explosion? We still need to be cautious about this.

The article comes from the Internet:Relying on Meme Coin to make a comeback, how to participate in the newly launched ApeChain?

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