One of the top memecoins in recent years is rallying after the announcement of a new free-to-play blockchain game.

ApeCoin (APE), a memecoin associated with the Bored Ape Yacht Club non-fungible token (NFT) collection, APE hit a high of $1.67 and a low of $1.44 on January 17th – a difference of approximately 16%.

APE has since stabilized at $1.59 at time of writing, still up 10% in the last 24 hours.

According to the Yuga Labs Gaming account on the social media platform X, a new game is coming out soon.

“Looks like Curtis needs to get the plunger out, there’s something in the toilet.

Dookey Dash Unclogged, coming Q1 2024. This time anyone can play.”

ApeCoin DAO (decentralized autonomous organization) owns and operates Yuga Labs, the maker of the upcoming game.

According to a video on the game’s official website, the game appears to be a racer involving avatars speeding vehicles through racecourses of plumbing pipes and sewage drains. It is the sequel of a previous game, titled “Dookey Dash.”

“Dookey Dash Unplugged (DDU) is a casual, free-to-play, cross-platform game that is a continuation of the beloved original Dookey Dash, with some new delights. (New here? Basically, the OG Dookey Dash was a dash through the sewers, as players dodged cows and trash in an attempt to make it to the butthole key. It’s kind of a long story.)”

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In a month marked by heightened volatility, Apecoin (APE) has been a battleground for bulls striving to prevent a dip below the crucial $1 mark.

This tug-of-war between bulls and potential downward pressure underscores the intense market dynamics surrounding Apecoin, leaving investors on the edge as they monitor the crypto’s price movements in this volatile November landscape.

The latest data from the spot market reveals a resolute stance from bullish traders, as orders for more than 11 million APE tokens have beern strategically placed around the current price.

APE has increased by 30% to surpass $1.70 following a decline to a weekly low of $1.30 on November 21. On-chain data projects long-term Apecoin investors’ resilience might reenergize APE price possibilities.

APE Total Order Books. Source:  IntoTheBlock

Total crypto market cap is currently at $1.4 trillion. Chart: TradingView.com

APE addresses by time held. Source: IntoTheBlock

A crypto strategist says more rallies are up ahead for prominent decentralized exchange (DEX) Sushi (SUSHI) and Apecoin APE, the digital asset associated with the Bored Ape Yacht Club non-fungible token (NFT) collection.

Pseudonymous analyst The Flow Horse tells his 185,400 followers on the social media platform X that SUSHI looks bullish after recovering the key price level of $1.

The trader thinks that Sushi can print gains of as much as 76% from current levels.

“SUSHI accepted back into 2022 range lows. I would expect at least $1.50, then $1.80.

Another great looking technical setup with a pair that mostly have just resigned to mocking.”

At time of writing, SUSHI is worth $1.02.

Next up is Apecoin, which the trader thinks is gearing up for a breakout rally.

“I think it is time for APE to ape. This thing has been quiet while the cycle of pumps makes its way over.

Thinking we see much higher prices in the near future.

$1.50 is a key level, hold and we trade back up to July lows.” 

Looking at the trader’s chart, he seems to predict that APE will rally to $1.80 if it convincingly breaks $1.50. At time of writing, APE is trading for $1.45.

Another altcoin on the trader’s list is Filecoin (FIL), a crypto project designed to serve as s digital payment system for file storage and data retrieval. The Flow Horse says that FIL may see more surges after its move above the key resistance level of $5.

“This is another one. FIL ripper has not even happened yet.

Up since the post about absorption the other day but not looking clean and full of steam above summer highs.” 

At time of writing, FIL is worth $5.40.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney