Announcements Gate Research: Altcoins Rebound, ApeChain Launches, Pump.fun Sets New Record for Daily Token Issuance

Gate Research: Altcoins Rebound, ApeChain Launches, Pump.fun Sets New Record for Daily Token Issuance

2024-10-21 10:12:03 UTC 13468 Read

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Gate Research Daily Report (October 21): BTC rose by 0.90% in the past 24 hours, currently priced at $68,833, while ETH increased by 3.26%, now valued at $2,732. On October 18, U.S. Bitcoin and Ethereum spot ETFs had a total net inflow of $274 million and $1.91 million, respectively. ApeChain launched, introducing several new features including the one-click token issuance platform Ape Express and an automatic yield mode, leading to a single-day APE price surge of approximately 78.5%. Post-pandemic, Bitcoin's investment returns have significantly outperformed traditional assets, with an annualized compound return of 150%. On October 18, Pump.fun reached a new record with daily token issuance exceeding 34,000 tokens.

**Market Analysis**: BTC rose by 0.90%, currently priced at $68,833, while ETH increased by 3.26%, reaching $2,732.
**Top Performers**: The top-performing tokens in the past 24 hours are APE, API3, and DYDX.
**Data Highlights**: Bitcoin's post-pandemic growth rate has significantly outperformed traditional assets, with an annual compound growth rate of 150%.
**Spotlight Analysis**: ApeChain has launched several new features, including the one-click token issuance platform Ape Express and an automated yield model, resulting in a daily increase of about 78.5% for APE.
**Market Opportunities**: Three projects have publicly announced funding, with the largest amount being $6 million, covering sectors such as oracles, payments, and infrastructure.

Explore today's details   👉🏻 [Gate Research: Altcoins Rebound, ApeChain Launches, Pump.fun Sets New Record for Daily Token Issuance](https://www.gate.io/learn/articles/gate-research-altcoins-rebound-ape-chain-launches-pump-fun-sets-new-record-for-daily-token-issuance/4456?ch=GDR_ann_20241021&utm_campaign=TR_7OvZYymu&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term= "Gate Research: Altcoins Rebound, ApeChain Launches, Pump.fun Sets New Record for Daily Token Issuance")

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Gate.io Team
Oct 21st, 2024

Gate Research: Altcoins Rebound, ApeChain Launches, Pump.fun Sets New Record for Daily Token Issuance

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