Is ApeChain the Only Solution for ApeCoin

Coin World reported:
Leading project CURTIS has fallen more than 50% from its all-time high. If the overall meme ecosystem is to continue to develop, this currency must first return to its historical high.
Written by: WOO
Background: Apecoin builds Apechain and enters the meme battlefield
On October 20th, Apecoin surged nearly 100% in a single day after ApeCoin announced the official launch of ApeChain, an Ethereum Layer 2 built using Arbitrum Orbit.
The highlight is that users can transfer specific currencies such as APE, ETH, USDC, and stablecoins to ApeChain and receive native returns and automatic compounding.
The above can be seen as ApeChain attracting liquidity by using this model, and the official launch of Pump Fun – Ape Express on ApeChain ignites FOMO sentiment on the chain.
Pump Fun has been popular since May this year and is one of the most profitable projects on the chain. There have been various imitations, but none have been able to replicate Pump Fun’s successful model. Why is Ape Express receiving so much market attention? What are the key differences from previous imitations? Which currencies are worth paying attention to? Finally, what data should be observed to determine whether to enter or exit ApeChain?
Let WOO X Research show you.
Why is ApeChain hot?
APE token price rise: The transmission of liquidity is inevitably from easier places to more difficult ones, just as the rise of public chain currencies can spill over to ecological projects, which, due to their smaller market value, can also achieve considerable gains. The same logic applies to APE and ApeChain. The first step for ApeChain to become popular is to create demand, and APE must first rise in order for the narrative to continue.
More major ecological participants: Unlike other Pump Fun imitations, many holders of Yuga Labs series NFTs are large whales on the chain, with strong financial resources. The NFT market has performed poorly in this cycle and urgently needs new narratives to stimulate the participation of original holders in related product markets.
Official endorsement: If the meme is supported by a public chain, it will be questioned in terms of building, and it is easy to be labeled as only interested in speculation and not actually doing anything. In politically correct situations, the probability of public chain projects supporting meme launch platforms is very low (except for BeraChain). Most Pump Fun imitations are built by small teams and are mostly cold starts. For users, it is very costly to gain trust in terms of marketing, branding, and familiarity. Yuga Labs embraces new narratives for old projects, and the market is more accepting of slight changes in imitations, rather than mindlessly replicating them on other chains.
ApeChain meme ecological projects
CURTIS: The leading project, the concept of the NPC guide in OTHERSIDE, named CURTIS, is characterized by wearing Hawaiian shirts and captain hats.
Current price: 0.01318, current market value: $13.18 million, historical market value high: $28 million, 24-hour trading volume: $18 million, 24-hour decline: 6%
CIF: The first meme coin on Ape Express.
Current price: 0.001909, current market value: $1.9 million, historical market value high: $8.5 million, 24-hour trading volume: $1.7 million, 24-hour decline: 65%
BORED: Concept taken from Bored in BAYC.
Current price: 0.01292, current market value: $12.92 million, 24-hour trading volume: $1.3 million, 24-hour increase: 2.4%
Is ApeChain viable? Observe these data points
Leading token price increase: The characteristic of meme coins is to use the wealth effect to attract users to continuously invest funds for purchase. If the leading coin’s price increase is not sustainable, then other meme coin projects are even more precarious.
CURTIS, the leading project, has fallen more than 50% from its all-time high. If the overall meme ecosystem is to continue to develop, this coin must first return to its historical high.
APE trading volume: Trading volume represents investors’ interest in ApeChain. If the trading volume sharply decreases, it also means a decrease in demand for Ape. Currently, the 24-hour on-chain trading volume is $13 million. Looking at the 15-minute trading volume chart, APE peaked at $1 million at 21:00 UTC+8 on October 20th, and the current trading volume every 15 minutes is only $50,000 to $100,000.
ApeChain capital inflow: The rise of on-chain meme coins depends on the inflow of funds. If the inflow slows down or even flows out, it could indicate a failure in building the meme ecosystem.
Currently, there is a net outflow on ApeChain, with a turning point at 21:00 UTC+8 on October 20th, which synchronizes with the above trading volume time point. For players who want to participate in the ApeChain meme ecosystem, it is a better choice to wait for a net inflow of funds on the chain.