Turtle-Themed Speedy and Bored Ape’s ApeCoin Experience Over 100% Price Surge

In an exciting turn of events, meme coins Speedy and ApeCoin have both seen their prices soar by over 100% in the past 24 hours, captivating the crypto community.

Speedy Sees Massive Gains

Speedy, a meme coin launched on the Fantom blockchain by The GOAT Foundation, emerged as one of the top gainers on CoinGecko. As of Sunday afternoon, Speedy’s price had skyrocketed, with gains exceeding 150%. The current all-time high for Speedy is around $0.03346, while it hit an all-time low of $0.0007253 on October 20.

Market data indicates that Speedy experienced a surge in market capitalization, jumping from below $1 million to approximately $10 million in a matter of days. Crypto observer Ben Crypto, with over 30,000 subscribers on YouTube, noted that if an investor had put in $1,000 during this time, it would now be worth around $30,000. A $3,000 investment could have skyrocketed to nearly $100,000.

Ben advises investors to look for coins with market caps around $1 million that have been trading for at least a week, as they offer minimal downside risk and a high potential reward.

ApeCoin’s Bullish Momentum

ApeCoin has also joined the rally, driven primarily by the launch of ApeChain, a new Layer-3 blockchain. The official announcement from the ApeCoin X account highlighted that the bridge to ApeChain is now live, allowing users to move their tokens and earn native yields on APE, ETH, and various stablecoins.

The introduction of ApeChain has generated positive sentiment in the market, as it offers features that enable token holders to earn automatic yields on their APE and other assets. According to the ApeCoin team, memes on ApeChain have surged by over 12,000%.

Despite facing a downward trend in the latter half of 2024 and reaching an all-time low of $0.482 in August, ApeCoin has rebounded significantly, climbing over 215% since that low point. Following the ApeChain launch, APE’s price has risen above $1.50, but it remains to be seen if it can maintain this level.

Conclusion

Both Speedy and ApeCoin’s impressive price surges highlight the dynamic nature of the cryptocurrency market. With Speedy’s rapid rise attributed to speculative trading and ApeCoin benefiting from new technological developments, these meme coins are capturing the attention of investors and traders alike. As the crypto landscape continues to evolve, it will be interesting to see how these trends play out in the coming weeks.