- 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.
The Adventure Begins! Otherside BAYC Claim is Live Now!
— OthersideMeta. (@RealPandaEyes) April 24, 2022
Claim Your Land
https://t.co/TXlxpQ8ka9
Public Sale Will Be 4/30, 12pm ET.
P.S Otherside Discord is open:https://t.co/BNPEjn1y91 pic.twitter.com/2PB6QlyuvR
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.
$APE
— Don't Follow ShardETH B If You Hate Money $ (@ShardiB2) April 25, 2022
Still love it... #BAYC #MAYC #BAKC FLYING RN https://t.co/VU8IxRUvvT pic.twitter.com/1unNQdrmJL
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
Editors’ Picks
Bitcoin Weekly Forecast: BTC nosedives below $95,000 as spot ETFs record highest daily outflow since launch
Bitcoin price continues to edge down, trading below $95,000 on Friday after declining more than 9% this week. Bitcoin US spot ETFs recorded the highest single-day outflow on Thursday since their launch in January.
Bitcoin crashes to $96,000, altcoins bleed: Top trades for sidelined buyers
Bitcoin (BTC) slipped under the $100,000 milestone and touched the $96,000 level briefly on Friday, a sharp decline that has also hit hard prices of other altcoins and particularly meme coins.
Solana Price Forecast: SOL’s technical outlook and on-chain metrics hint at a double-digit correction
Solana (SOL) price trades in red below $194 on Friday after declining more than 13% this week. The recent downturn has led to $38 million in total liquidations, with over $33 million coming from long positions.
SEC approves Hashdex and Franklin Templeton's combined Bitcoin and Ethereum crypto index ETFs
The SEC approved Hashdex's proposal for a crypto index ETF. The ETF currently features Bitcoin and Ethereum, with possible additions in the future. The agency also approved Franklin Templeton's amendment to its Cboe BZX for a crypto index ETF.
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy
Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.
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.