As a seasoned analyst with over a decade of experience in the dynamic world of cryptocurrencies, I find myself consistently impressed by the relentless pace at which this sector evolves. The recent performance of Dogecoin (DOGE), Bitcoin (BTC), and ApeCoin (APE) has been nothing short of extraordinary.
TL;DR
- Dogecoin (DOGE) jumped substantially in the past several days, hitting its highest price in 18 months.
- Bitcoin (BTC) reached a three-month high near $69,500, with predictions of further growth.
- ApeCoin (APE) surged by over 100% in a week due to a key project launch.
DOGE’s Impressive Performance
Last week, the most capitalized meme coin made news by registering an approximately 10% increase in price daily, largely due to another interaction from Elon Musk. During this time, Musk, CEO of Tesla, expressed his support for the U.S. presidential candidate Donald Trump in a public gathering in Pennsylvania.
When asked if he would head a prospective department called the “Department of Government Efficiency” under a possible Trump administration (if the Republicans win the election), Musk replied casually with “Yeah, DOGE.
Despite some fluctuations, Dogecoin (DOGE) maintained its upward trend, currently trading around $0.15 – a level not seen for 18 months and marking a new peak.
Several market players have noticed the surge in various industries, anticipating potential increases in the coming days. For example, user Mags foresees DOGE experiencing exponential growth, aiming for approximately $1.17. Some are even more hopeful, with Bark predicting a spectacular price escalation to a record-breaking high of $4.20.
How’s BTC Doing?
Over the past seven days, the leading cryptocurrency has shown strong performance. Just now, its price peaked at nearly a three-month high of approximately $69,500. At present, it’s hovering around $69,000, which translates to an 8% growth on a weekly basis.
Crypto X is brimming with users who believe Bitcoin might exceed the psychological barrier of $70,000 and potentially set a new all-time high in the near future.
Captain Faibik has established an intermediate goal of reaching $88,000, whereas Mikybull Crypto highlighted a bullish cross, which hasn’t been seen since October 2023. According to their analysis, this could potentially lead to a significant increase in value, possibly reaching up to $120,000 over the coming months.
APE Is the Big Star
In the last week, it’s clear that ApeCoin (APE) has been the standout cryptocurrency among the top 100, with its price soaring more than 100%. This significant increase is primarily due to a notable accomplishment.
According to CryptoPotato’s recent report, the team responsible for the project has introduced the ApeChain bridge. This allows investors to generate returns on assets like APE, ETH, and certain stablecoins.
On October 20th, APE’s value peaked at $1.66 (according to CoinGecko), marking its highest point since April this year. However, it slightly dipped in the subsequent hours and is now trading near $1.50.
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2024-10-21 11:22