ApeCoin Soars Past $1.7 After New Bridge Launch

After falling out of focus following the NFT crash a few years ago, ApeCoin is back in the spotlight. The team behind the project made a big announcement just hours ago, causing the price of its native token, APE, to soar past the $1.7 mark.

The reason for this sudden rise is the launch of ApeCoin’s new bridge. This tool lets users connect their wallets and swap digital assets between networks like ApeChain, Ethereum, and Arbitrum. With this feature, investors can now earn rewards on several altcoins, including APE, Ethereum (ETH), and some stablecoins.

The team also shared plans for a user reward program, set to be released by the end of Sunday, adding to the excitement. News of the bridge spread quickly on X (formerly Twitter), leading to one of ApeCoin’s biggest price jumps in recent times.

Before the announcement, APE was stuck around $0.75. But after the news, the token shot up by more than 115%, reaching a four-month high of $1.74. ApeCoin’s market value also rose to over $1200 million, bringing it back into the top 100 cryptocurrencies.

With the bridge now live and more updates coming soon, ApeCoin seems ready for a strong comeback.