- Ape is now trading at $5.15, reaching its highest price in two weeks.
- The Ape Foundation recently detailed its proposals for a new voting process.
according to CMCThe price of ApeCoin (APE), the Ethereum-based token for the Bored Ape Yacht Club ecosystem, is up 15.7 percent in the past 24 hours and is now trading at $5.15, after touching $5.20, its highest price in two weeks.
This news may be about Monkey The project is contributing to the token’s recent price hike, but it is also possible that the increase was part of a larger market rally that pushed the bitcoin price above $21,000 earlier on Saturday.
In particular, the Ape Foundation recently detailed its proposals for a new voting process for the Project’s Decentralized Autonomous Organization (DAO). If the proposals are implemented, elections for one seat on the council will be held quarterly instead of annually.
The official ApeCoin account on Twitter stated:
“This creates a stable environment for responsibly bringing in new members and ensuring that the DAO has consistency to operate and transfer knowledge efficiently while bringing new ideas from the community.”
However, members of the community have long advocated that more impartial voices be heard on matters affecting the group. Bitcoin (BTC) price gained momentum yesterday, rising more than 10% to cross the $21,000 threshold. From $19,310, the price of Bitcoin (BTC) rose to $21,575. Now, the sense of optimism has been fueled by the news that MicroStrategy has submitted to the SEC to sell $500 million of MSTR shares for additional Bitcoin.
According to LunarCrush, ApeCoin has achieved Alt 1 ranking, making it the most popular cryptocurrency out of 3,870 competitors.
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