Record-breaking ApeCoin (APE) rallies over 30% in just one day
Speculations around the Otherside metaverse project are pushing BAYC’s native token to an impressive rally.
Just a month after its debut in the world of cryptocurrencies, ApeCoin (APE) records its highest value ever, outperforming the rest of the crypto market.
Launched on March 17th by Yuga Labs – the company behind Bored Ape Yacht Club (BAYC) project – the ERC-20 governance and utility token reached a record of over $17 per token, swelling by +28.92% in the last 24 hours according to data from CoinMarketCap.
APE’s impressive rally can likely be attributed to several factors. According to the information leaked so far, the announcement of a new upcoming initiative relating to the metaverse called “Otherside” is imminent, which could lead to a further surge in value. First teased in March, the Otherside project is expected to launch before the end of April.
Recently, the native token of the BAYC have been listed on Gemini Earn, a lending program by crypto exchange Gemini which allows users to lend their digital assets to institutional borrowers and earn interest.
Love $APE? We do too 🥰— Gemini (@Gemini) April 19, 2022
You can buy, sell, store and now earn APY on $APE every single day 🐵
Calculate your crypto earnings with our #GeminiEarn calculator here: https://t.co/BufrHZJmXz pic.twitter.com/OeWt0Kswh1