ApeCoin: Decoding the AIP factor in APE’s growth story

ambcrypto.com:

In a recent tweet,ApeCoin revealed that 36 AIPs were in process in the last week and five new AIP ideas were submitted. This looked quite promising as it added value to the ApeCoin network. 

To clear the cloud, AIP refers to ApeCoin Improvement Proposals, which are suggestions intended to enhance the network.

Here’s AMBCrypto’sPrice Prediction for ApeCoin (APE) for 2023-24

-5 new AIP Ideas were submitted -3 AIPs were Withdrawn due to no response -2 AIPs were Returned for Reconstruction. -AIP-106 was approved by community -AIP-94 was rejected

which leads to 34 AIPs in process today.

— ApeCoin (@apecoin) October 19, 2022

However, APE’s chart did not reflect this development as it registered over 7% negative weekly gains. According toCoinMarketCap, at the time of writing, APE was trading at $4.35.

Interestingly, several crypto influencers, including CryptoKing, were quite bullish about APE, despite its sluggish performance, as they expected its price to surge in the days to come. 

I have a feeling it goes parabolic as staking rolls out end of the month