Animoca Brands Launches ApeCoin Accelerator Program via Forj

Bitget App

Trade smarter

Bitget

News

Dailycoin2023/10/30 11:48

By:Dailycoin

APE community passes AIP-209 proposal to build APE Accelerator.
ApeCoin DAO’s $APE jumped 7% following the announcement.
Crypto whales react with large moves, including long positions.

Animoca’s Forj, a community-based learning management system owned and operated by Animoca Brands, shook hands with ApeCoin DAO to open APE Accelerator. The brand-new innovation hub provides valuable information and power-ups for builders.

Notably, ApeCoin’s decentralized autonomous organization (DAO) funded APE Accelerator’s launchpad after the Bored Ape community voted to pass the proposal (AIP-209).

AIP-209 delegated Forj to build the new project incubator, presented to the public in a tweet by Forj’s Harry Liu. The five-second video clip urges developers to check out the new dedicated innovation accelerator website, while Liu highlights three advantages of Ape Accelerator:

The latest developer tools
Industry leader expertise
Launchpad based on $APE

Welcome to #APEAccelerator , a new member of the @apecoin ecosystem.

Funded by the ApeCoin DAO, built by @ForjOfficial , we're the innovation hub for $APE holders.

Offering:
⚡️ Access to industry leaders.
⚡️ $APE powered launchpad
⚡️ Supercharged growth tools.

Are you ready?! pic.twitter.com/JuvxvDQknl
— $APE Accelerator (@ApeAccelerator) October 16, 2023

ApeCoin Inks 7% on APE Accelerator Launch

In addition to the 9.33% ricochet from its all-time lows, $APE now effectuates a bullish concentration on-chain signal. This means that crypto whales are on alert again – blockchain smart money tracker LookOnChain spotted a whale cashing out $1.49 million in $APE.

A whale withdrew 1.37M $APE ($1.49M) at $1.09 from #Binance 40 mins ago.

The whale also bought 543,979 $APE ($2.33M at the time, and lost ~$1.74M currently) at an average price of $4.28 from #Binance and DEX from Jan 24 to May 8. https://t.co/gizwpl0i1F pic.twitter.com/Hhg7hnTAEo
— Lookonchain (@lookonchain) October 17, 2023

Following the news, ApeCoin gained 4.3% in the last 24 hours, equalling the score in the monthly charts. APE was trading in a descending parallel channel throughout September and October but bounced back from its all-time lows at $1.01, hit on October 10, 2023.

Interestingly, the crypto whale accumulated APE between January and May at an average price of $4.28, buying large chunks from Binance and several decentralized crypto exchanges. Meanwhile, pro-crypto trader BNB Bull declared a long position on $APE after years of shorting the monkey-themed memecoin from its nearly all-time high at $25.

I shorted $Ape from 25 dollars. I guess it's time to Long it with size. And sleep on that position for atleast 6x. Dead Cat bounce is much needed on this one. https://t.co/uYG1BQ2MJR pic.twitter.com/DMRibfKzZY
— Bull.BnB (@bull_bnb) October 17, 2023

On the Flipside

The all-time high set at $26.70 was mostly due to the success of the Bored Ape Yacht Club NFT collection.
The blue-chip NFT collection gathered a vast community of crypto enthusiasts, but the Web3 giant Yuga Labs eventually disassociated with the token, leaving the governance up to ApeCoin DAO’s hands.

Why This Matters

Blockchain accelerator initiatives benefit in improving the capabilities of blockchain technology.

Explore DailyCoin’s trending crypto news:
Binance Suspends Operations in UK Amidst Regulatory Shift
Ferrari Welcomes XRP, SHIB as Payment Methods for Luxury Cars

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!