• ApeCoin price started an uptrend, posting 5% gains overnight while most altcoins in the market have incurred losses. 
  • Bored Ape Yacht Club’s Metaverse project, Otherside, has announced its launch on April 30, attracting interest from investors. 
  • Proponents believe the Otherside launch could drive APE price higher. 

Bored Ape Yacht Club has announced the launch of its Metaverse project Otherside, set to launch officially on April 30, 2022. The announcement has turned APE holders bullish, as proponents predict a continuation of the uptrend. 

ApeCoin could hit $20 if uptrend continues 

Bored Ape Yacht Club’s Metaverse, Otherside, is set to go live on April 30, 2022, at 12 PM ET. The discord channel opened earlier today, and over 100,000 people joined it, indicating the rising demand among investors. 

Considered the biggest Metaverse integration in the NFT ecosystem, Otherside will feature the collection of Bored Ape Yacht Club NFTs and the official currency ApeCoin. The Metaverse would therefore increase the utility of ApeCoin and encourage investors to buy and hold the NFT token.

Millions of dollars in NFTs would be featured on the Metaverse, and Otherside would offer users proof of authenticity. NFT integration has moved into the public eye and garnered interest among investors. 

Bored Ape Yacht Club’s NFT collection recently crossed an all-time high in terms of floor price. The floor price for the collection crossed 124 ETH, while trade volume increased ten-fold when Neymar Jr purchased three NFTs from the collection. 

The launch of Otherside opens up new avenues for BAYC NFT holders and ApeCoin holders to utilize the Metaverse token. Since investors need APE to purchase land in the Metaverse, the demand is expected to rise in the short term. 

Proponents like @ShardiB2 believe the launch of Otherside could propel ApeCoin price to a new all-time high of $20. ApeCoin price has climbed consistently, ranking in the top 10 altcoins by trade volume and offered investors nearly 50% gains over the past week. 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Is Altcoin Season here as Bitcoin reaches a new all-time high?

Is Altcoin Season here as Bitcoin reaches a new all-time high?

Bitcoin reaches a new all-time high of $98,384 on Thursday, with altcoins following the suit. Reports highlight that the recent surge in altcoins was fueled by the victory of crypto-friendly candidate Donal Trump in the US presidential election.

More Altcoin News
Shanghai court confirms legal recognition of crypto ownership

Shanghai court confirms legal recognition of crypto ownership

A Shanghai court has confirmed that owning digital assets, including Bitcoin, is legal under Chinese law. Judge Sun Jie of the Shanghai Songjiang People’s Court shared this opinion through the WeChat account of the Shanghai High People’s Court.

More Cryptocurrencies News
BTC hits an all-time high above $97,850, inches away from the $100K mark

BTC hits an all-time high above $97,850, inches away from the $100K mark

Bitcoin hit a new all-time high of $97,852 on Thursday, and the technical outlook suggests a possible continuation of the rally to $100,000. BTC futures have surged past the $100,000 price mark on Deribit, and Lookonchain data shows whales are accumulating.

More Bitcoin News
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange

Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange

Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.

More Shiba Inu News
Bitcoin: New high of $100K or correction to $78K?

Bitcoin: New high of $100K or correction to $78K?

Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP