ApeCoin, which was heavily impacted by the NFT crash a couple of years back, made a remarkable comeback with its recent announcement about the launch of its bridge. This new feature allows users to connect their wallets and swap digital assets between ApeChain, Ethereum, and Arbitrum. The news led to an impressive 66% price rally for APE, pushing it beyond $1 and reaching a four-month peak of $1.25. As a result, APE’s market cap rose to over $900 million, re-entering the top 100 largest cryptocurrencies. The team also hinted at launching a core user incentive program soon.
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