ApeCoin (APE) Is Now The Biggest Metaverse Token by Market Cap
ApeCoin (APE) rose higher on Wednesday morning, increasing 7% to $19.10, taking its seven-day gain to almost 22%.
This comes less than a week after Yuga Labs, creator of the Bored Ape Yacht Club, announced the opening of its Otherside Metaverse on Saturday.
Since then, APE has surpassed Decentraland’s MANA, The Sandbox’s SAND, and Axie Infinity’s AXS to become the largest metaverse token by market valuation.
This is a significant step forward for the BAYC NFT collection in light of recent controversy surrounding its legal cases.
The BAYC collection is one of the most renowned in history. There are 10,000 Bored Ape NFTs, according to the NFT market OpenSea.
The current floor price of the Bored Ape collection is 138ETH, or $414213.90, meaning that you would need to be extremely affluent to possess one.