Price Rallies From DOGE and APE, Bitcoin (BTC) Neared $70K, and More: Bits Recap Oct 21

TL;DR

• Dogecoin (DOGE) has surged to its highest price in 18 months.
• Bitcoin (BTC) has reached a three-month high near $69,500.
• ApeCoin (APE) has skyrocketed over 100% in a week due to a significant project launch.

Impressive Performance of DOGE

Dogecoin, the largest meme coin by market cap, made headlines last week with a daily price increase of nearly 10%. This spike was attributed to Elon Musk's support for Donald Trump.

DOGE has maintained its bullish momentum and is currently trading at almost $0.15, an 18-month high.

Industry experts predict further gains for DOGE, with targets ranging from $1.17 to $4.20.

BTC's Progress

Bitcoin has also performed well in the past week, reaching a nearly three-month high of almost $69,500. It currently hovers around $69K, representing an 8% weekly increase.

Analysts believe BTC could break the $70,000 barrier and even reach a new all-time high. Midterm targets of $88,000 and a potential surge to $120,000 have been suggested.

APE's Rise

ApeCoin (APE) is the standout performer among the top 100 cryptocurrencies, with a price increase of over 100% in the past week.

This surge is attributed to the launch of the ApeChain bridge, which allows investors to earn yields on APE and other assets.

APE's valuation reached a peak of $1.66 on October 20, its highest mark since April. It has slightly retreated but remains trading above $1.50.