ApeCoin (APE) has experienced a remarkable surge in price, climbing from $0.73 to $1.36—a staggering increase of 86% in less than 24 hours. This bullish trend is underscored by the last two 12-hour candles, indicating strong market interest. The spike followed a major announcement on October 20 regarding the launch of a cross-network bridge. Given the prevailing sentiment in the market, where meme coins are performing exceptionally well, such developments are perceived as highly positive for APE. How does ApeChain fuel the ApeCoin price rally? ApeCoin has seen a big rise in the past 24 hours after announcing a new cross-chain bridge on ApeChain.