China’s most popular crypto media WuBlockchain reported that the base price of Bored Ape Yacht Club (BAYC), the largest and most popular collection in the Non Fungible Token (NFT) market, has increased to 137 ETH following the Otherside Metaverse announcement. rose. BAYC-related metaverse coin project ApeCoin (APE) is also performing strongly in line with these developments.
BAYC and MAYC hit new highs
Otherside Base price wasn’t the only metric that rose after the Metaverse announcement. With the rising floor price, BAYC saw a strong 22% increase in trading volume within 24 hours. Another NFT collection, MAYC, saw an 86% increase in the number of traders in the last 24 hours after an 11% base price increase.
Along with the official announcement of the Metaverse project, Otherside, BAYC’s base price reached a new high of 137 ETH, and trading volume increased by 22% in 24 hours. In the 24 hour period of MAYC, the number of traders increased by 86% and floor prices increased by 11%.
Details on using pre-distributed apes in the new Metaverse have not been disclosed, but users expect a massive increase in value for their NFT holdings as the Metaverse begins to roll.
‘Otherside’ Metaverse project will officially launch next Saturday at 12:00 PM. After the announcement, management opened Discord channels of the collection, which has already attracted over 100,000 new people.
Metaverse coin project ApeCoin follows BAYC
As we reported by Kriptokoin.com, NFT traders are pushing the base price of Bored Ape-related collectibles up and beyond, while the collection-linked token is also the largest in the last five days. It showed a strong price performance in the market, increasing by less than 58%.
However, despite the positive price performance in the last day, APE is trading well below the all-time high (ATH) reached on March 17, when traders pushed the price of the token to $40. he sees. At the time of writing, APE is trading down almost 60% since the top of the chart.
Previously, Santiment experts noticed that APE’s on-chain metrics differ by price. At press time, APE is trading at $17.05 and is consolidating at the previous local high, according to analysts.
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