Crypto

Is ApeCoin (APE) dead? 3 facts that give hope to investors – The ₿log

ApeCoin bounces back above its issuance price

The price of ApeCoin started trading on March 17 from $5 and quickly rose by more than 250% in the first 48 hours. However, under the weight of the general decline in the markets, the APE dropped to $3. In early August, the cryptocurrency was trading at $6.70. Thus, it has risen above its issue price, which is a good omen for holders.

ApeCoin may become a Web3 gaming token

Given the media attention received a monkey, if the price of this cryptocurrency continues to rise in 2022, it could become one of the best cryptocurrencies. For a moment, it became the largest cryptocurrency in the metaverse. Decentraland and Sandbox.

The main use of ApeCoin is as a decentralized payment system. While it is currently unknown exactly what projects the South plans to collaborate on, there are rumors that the currency could be included in a number of blockchain-based games.

Animoca Brands is likely to integrate APE into its ecosystem, which will help boost demand for the token.

Image

Thus, the demand for EPA is supported not only by speculation. The project may collaborate with well-known video game producers to increase the number of users.

Other metaverses to boost ApeCoin

Image

Yuga Labs recently invited a number of users to play a demo of Otherside, their flagship project. In part, this contributed to the growth of ApeCoin. Traders were buying APE in anticipation of further developments in Otherside. APE will be the heart of its ecosystem.

💎 Get Free Crypto Watches

Quickly Done, Well Done Crypto Watch: Every Friday at 20:00 sharp, get our free crypto watch in your inbox. 100% value added, 0% spam!

🔥 Receive as a bonus a free guide “Find the Nuggets of the Future”: learn how to analyze cryptocurrencies like a pro, avoiding red flags and scams to start or continue your adventure in the cryptocurrency world.

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker.