DOGE and APE Price Rally, Bitcoin (BTC) Approaching $70,000 and More: Bit Summary October 21

TL;DR

Dogecoin (DOGE) jumped substantially in recent days, reaching its highest price in 18 months. Bitcoin (BTC) hit a three-month high near $69,500, with predictions of further growth. ApeCoin (APE) rose more than 100% in a week due to the launch of a key project. Impressive performance by DOGE

The biggest meme coin in terms of market cap made headlines at the end of last week. It then posted a daily price increase of nearly 10% following another Elon Musk interaction. The Tesla CEO was speaking to a crowd in Pennsylvania, showing his support for US presidential candidate Donald Trump.

When asked if he would lead a potential new division (called the Department of Government Efficiency) in an eventual Trump administration (should the Republican win the election), Musk simply replied, “Yes, DOGE.”

Although Dogecoin (DOGE) experienced some volatility in the following days, it remained in a bullish mode. It is currently trading at almost $0.15, which represents an 18-month high.

Price DOGE, Source: CoinGecko

Several industry participants watched the rally, predicting more gains in the near future. User X Mags, for example, believes DOGE is about to turn “parabolic,” setting a target of roughly $1.17. Others were even more bullish, with Bark predicting a price explosion to a new all-time high of $4.20.

How is BTC?

The main cryptocurrency has also performed well in the past week. Several hours ago, its price jumped to a nearly three-month high of nearly $69,500. Currently, it is around $69,000, which represents an increase of 8% on a weekly basis.

BTC Price, Source: CoinGecko

Crypto X is full of users who think that BTC could break the psychological level of $70,000 and even reach a new ATH soon.

Captain Faibik set a mid-term target of $88,000, while Mikybull Crypto signaled the appearance of a bullish cross for the first time since October 2023. According to the latter, the development could be followed by a massive bump of up to $120,000 in the following months. .

APE is the big star

The best performing cryptocurrency (from the top 100 club) last week is definitely ApeCoin (APE). The price of the meme coin has increased by more than 100% during this period, mainly driven by a major achievement.

As reported by CryptoPotato, the team behind the project launched the ApeChain bridge, which allowed investors to earn returns on assets such as APE, ETH, and some stablecoins.

APE’s valuation exploded to $1.66 (according to CoinGecko data) on October 20, the highest mark since April this year. It pulled back slightly in the following hours and is currently trading south of $1.50.

APE Price, Source: CoinGecko SPECIAL OFFER (Sponsored) Binance Free $600 (Excluding CryptoPotato): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

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