ApeCoin Rallies by Over 40% in 7 Days


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87 shares, 47 points


Bored Ape-related ApeCoin has been on a green rampage in the last seven days, rising by close to 45% since Yuga Labs gave the community a sneak peek of its Otherside metaverse.

ApeCoin Flourishes

According to data from Coingecko, ApeCoin rose by over 17% in the last 24 hours and it is currently trading for $6.78. Per the data, the coin has been able to sustain its bull run for the last 30 days as it has risen by over 50% during this period.

ApeCoin is the utility token of the Yuga Labs ecosystem. The token can be claimed by BAYC and Mutant Ape Yacht Club (MAYC) holders and would also play a pivotal role in the Otherside metaverse.

Yuga Labs made a demo of the Otherside metaverse last Saturday, thereby drawing renewed interest from the wider crypto community.

Crypto Market Cap Regain $1 Trillion

Meanwhile, ApeCoin’s explosive growth also coincides with when the broader crypto market cap successfully regained the $1 trillion level.

Flagship digital assets like Bitcoin and Ethereum rose by 15% and 37%, respectively to previous heights.

Other notable mentions include BNB, Dogecoin, Cardano, and Solana whose value also rose by double digits in the last seven days.

Bored Ape, Mutant Ape, Otherdeed’s Performance

CryptoSlam.io data showed that it is not only ApeCoin that was experiencing a green run, other digital assets in the Yuga Labs ecosystem have also enjoyed much attention from investors.

Bored Ape and Mutant Ape have seen much trading in the last 24 hours as their volume rose by 25% and 81% respectively.

The data showed that Otherdeed’s sales volume declined by 18% in the last 24 hours. However, its trading volume had increased by over 70% on the seven days metrics.

According to DappRadar, the floor price of Bored Ape NFTs has also climbed to as high as over $150,000 in the last seven days while Mutant Ape NFTs rose by 37% to around $28,000.



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