ApeCoin Prices Skyrocket by 55% over Speculation of forthcoming BAYC Land Sales
🦍🪙 ApeCoin (APE), the native crypto of the APE ecosystem, created quite a buzz in the crypto world when whispers of a 'BAYC land drop' started circulating. People were abuzz with the speculation that APE might become the payment token for an upcoming metaverse land sale. And guess what? APE's price surged a whopping 28%, reaching an impressive $17 per token on April 20!
In just three days, it spiked from a low of under $11 to a massive 55% gain, all thanks to these juicy rumors. These rumors started flying around since April 18, suggesting that the fortunate owners of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs might get their hands on virtual lands on Yuga Labs' much-anticipated "Otherside" metaverse platform. Although Yuga Labs has kept their new metaverse under wraps, we do know that it'll be powered by ApeCoin.
Some BAYC NFT enthusiasts claimed that the virtual lands for Otherside might be sold through a Dutch auction. Are you ready for this? The lowest bid might go as high as 600 APE, which is roughly around $10,700 at the current price. Renegademasterr, a Bored Ape owner, also declared that this information was leaked to him by a trusted source, but it's important to note that this is not an official announcement.
The potential use of APE partially explains its recent upward trend in the last three days. Keep your eyes peeled for more updates from Yuga Labs and the crypto world as these events could shape the future of ApeCoin in the Otherside metaverse.
For the latest and most accurate information, make sure to follow official Yuga Labs announcements and crypto market news related to ApeCoin and the Otherside metaverse. 🚀🌐
- The rumored 'BAYC land drop' in Yuga Labs' upcoming metaverse, "Otherside," might make ApeCoin (APE) the payment token for metaverse land sales.
- Some BAYC NFT enthusiasts speculate that the virtual lands for Otherside could be auctioned off using a Dutch auction method, with the lowest bid potentially reaching 600 APE, equivalent to around $10,700.
- APE's price surge of 28% to $17 per token on April 20 was attributed to these rumors and the potential use of ApeCoin in the Otherside metaverse.
- The latest updates from Yuga Labs and the crypto world regarding ApeCoin and the Otherside metaverse could significantly impact the future of ApeCoin in this virtual environment.
