ApeCoin (APE) hits a brand new all-time high in front of this week’s Otherside land auction

The nonfungible token (NFT) and Metaverse sectors happen to be the vibrant spots within an otherwise sideways crypto market in 2022 and evidence of this may come as the APE token hit a brand new all-time high at $22.60 on April 28.

The steady bullish momentum for APE is, mainly, because of the approaching The Otherside land auction being held by Yuga Labs and Animoca Brands together Bored Ape Yacht Club NFT project on April 30.

APE/USDT 4-hour chart. Source: TradingView

The Otherside launch will contain a Nederlander auction-style purchase and just Know Your Customer (KYC)-approved wallets is going to be permitted to have fun playing the purchase from the first 100,000 land parcels. All sales is going to be compensated for implementing APE, that is clearly assisting to drive interest in the token greater as your customers accrued the token awaiting the purchase.

Related: ApeCoin cost breakout stalls after $2.4M BAYC NFT robbery — What’s ahead?

Wallets that already hold a BAYC or Mutant Ape Yacht Club (MAYC) NFT can claim a land parcel free of charge for a 3 week period following the auction without requiring to become KYC-approved to assert.

Ongoing governance votes inside the ApeCoin community also have helped increase interest in APE, a obvious demonstration that BAYC and MAYC holders are searching to obtain more engaged using the direction the ecosystem will eat the years ahead.

The views and opinions expressed listed here are exclusively individuals from the author and don’t always reflect the views of Cointelegraph.com. Every investment and buying and selling move involves risk, you need to conduct your personal research when making the decision.

Latest stories

You might also like...