Rocket ICO Giving you a better way to make your decisions and enjoy the process of ICO backing

  • Lydian ICO
  • Markets
Latest News
  • Terra to fork and remove UST, Do Kwon says in new rescue plan   |   17 May 2022

  • Luna Foundation Guard confirms it sold 80,081 bitcoins to try prevent the UST crash   |   16 May 2022

  • Binance CEO says he’s ready to support Terra (LUNA) rebuild   |   16 May 2022

  • Sam Bankman-Fried: UST crash was ‘predictable’   |   15 May 2022

  • Dogecoin drops 15% after Anon Whales shift 250 million DOGE   |   15 May 2022

  • Terra blockchain is back online after an official halt   |   14 May 2022

 
Home» Markets»ApeCoin has been trending and it is up by over 32% today: here’s why it is rallying?

ApeCoin has been trending and it is up by over 32% today: here’s why it is rallying?

rocketman 20 Apr 2022 Markets Comments Off on ApeCoin has been trending and it is up by over 32% today: here’s why it is rallying? 23 Views

ApeCoin (APE coin) has seen a 34.03% increase in price and was trading at $16.50 as of this writing.

This article will discuss the factors that are causing ApeCoin’s price to soar.

Why is ApeCoin’s (APE) price rising?

Before we look into the current uptrend, let’s first explain what ApeCoin is.

ApeCoin, a utility token and an ERC-20 governance token, is used in the APE ecosystem that Yuga Labs Bored Ape Yacht Club project (BAYC), to encourage and empower a decentralized community. APE is its native token.

Let’s now delve into the factors causing the bullish trend.

Yuga Labs Announcement on the upcoming metaverse

One of the key reasons the coin is so high is Yuga Labs’ speculations about its founder and the announcement about the forthcoming metaverse.

Yuga Labs unveiled a teaser video called Otherside on March 19, detailing its forthcoming metaverse. Yuga Labs did not disclose all details of the project, but it was clear that it would be a metaverse which will include several NFTs as well as ApeCoin. Yuga also stated that more information will be released in April.

You will be seen on the Otherside during April. Powered by @apecoin pic.twitter.com/1cnSk1CjXS

— Yuga Labs (@yugalabs) March 19, 2022

Bored Ape Yacht Club will also celebrate its first anniversary, which is April 23, since its inception.

Prices for land sales launch in APE

Another reason for the price increase is that @renegademasterr (Bored Ape owner) stated that Yuga plans to soon launch land sales for its project which will be priced at APE.

I was just sent some enormous alpha re @yugalabsDrop of land. This sale will be a Dutch auction, starting at 600 $APE.

BAYC/MAYC (Airdrop).
Punks, Meebits, Cool Cats, Nounz, WoW, Toadz (Auto WL)

Take your $APE ready. Looks like we’re gonna need it. #BAYC #OTHERSIDE

— renegademaster / guccibayc.eth (@renegademasterr) April 20, 2022

Whales are in high demand for APE/NFT

The growing interest among whales in ApeCoin and Bored Ape NFTs is another reason for the current price rise.

Whalestats reports that the token is 5th most frequently purchased by ETH whales. An average of $63500 tokens are moved in each transaction.

BlueWhale0093, an ETH whale, transacted almost 300,000. Tokens for $3.9 Million.

The post ApeCoin has been trending and it is up by over 32% today: here’s why it is rallying? Coin Journal was the first to publish this story.

ApeCoin heres rallying today trending 2022-04-20
Tags ApeCoin heres rallying today trending
Facebook Twitter Stumble linkedin Pinterest More

Authors

Posted by : rocketman
Previous Article :

Highlights April 20: Solana with standout performance

Next Article :

You can now buy LINA, which gained over 50%: here’s where

Related Articles

Terra to fork and remove UST, Do Kwon says in new rescue plan

Terra to fork and remove UST, Do Kwon says in new rescue plan

rocketman 17 May 2022
Luna Foundation Guard confirms it sold 80,081 bitcoins to try prevent the UST crash

Luna Foundation Guard confirms it sold 80,081 bitcoins to try prevent the UST crash

rocketman 16 May 2022
Binance CEO says he’s ready to support Terra (LUNA) rebuild

Binance CEO says he’s ready to support Terra (LUNA) rebuild

rocketman 16 May 2022

ABOUT ME

lourari bra

lourari bra

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus pulvinar eros id diam gravida, id pharetra ligula cursus. Sed dapibus lectus augue, non volutpat lorem porttitor vel.

Popular Posts

Terra to fork and remove UST, Do Kwon says in new rescue plan
Markets

Terra to fork and remove UST, Do Kwon says in new rescue plan

rocketman 17 May 2022
Bitcoin Profit Review 2021: Is It a Scam Or Legit?
Reviews

Bitcoin Profit Review 2021: Is It a Scam Or Legit?

rocketman 22 Jul 2021
Yuan Pay Group review 2021 – Is it a Scam or Legit?
Reviews

Yuan Pay Group review 2021 – Is it a Scam or Legit?

rocketman 26 Jul 2021
Immediate Bitcoin Review: Does it work?
Reviews

Immediate Bitcoin Review: Does it work?

rocketman 27 Jul 2021
Bitcoin Era Review: Is this a scam?
Reviews

Bitcoin Era Review: Is this a scam?

rocketman 27 Jul 2021

Advertisement

Recent Posts

  • Terra to fork and remove UST, Do Kwon says in new rescue plan

    Terra to fork and remove UST, Do Kwon says in new rescue plan

    rocketman 17 May 2022
  • Luna Foundation Guard confirms it sold 80,081 bitcoins to try prevent the UST crash

    Luna Foundation Guard confirms it sold 80,081 bitcoins to try prevent the UST crash

    rocketman 16 May 2022
  • Binance CEO says he’s ready to support Terra (LUNA) rebuild

    Binance CEO says he’s ready to support Terra (LUNA) rebuild

    rocketman 16 May 2022
  • Sam Bankman-Fried: UST crash was ‘predictable’

    Sam Bankman-Fried: UST crash was ‘predictable’

    rocketman 15 May 2022
  • Dogecoin drops 15% after Anon Whales shift 250 million DOGE

    Dogecoin drops 15% after Anon Whales shift 250 million DOGE

    rocketman 15 May 2022

htmagazine
About HTmagazine was created in 2015 , and covers the intersection of Technology, Lifestyle, Business, Entertainment, and Culture.

Follow us

Newslater

Those an equal point no years do. Depend warmth fat but her but played. Shy and subjects wondered

Random Posts

Terra to fork and remove UST, Do Kwon says in new rescue plan

Terra to fork and remove UST, Do Kwon says in new rescue plan

Luna Foundation Guard confirms it sold 80,081 bitcoins to try prevent the UST crash

Luna Foundation Guard confirms it sold 80,081 bitcoins to try prevent the UST crash

Binance CEO says he’s ready to support Terra (LUNA) rebuild

Binance CEO says he’s ready to support Terra (LUNA) rebuild

Sam Bankman-Fried: UST crash was ‘predictable’

Sam Bankman-Fried: UST crash was ‘predictable’

Dogecoin drops 15% after Anon Whales shift 250 million DOGE

Dogecoin drops 15% after Anon Whales shift 250 million DOGE

Tags

Bitcoin BTC buy CEO crypto cryptos gained heres market places price stocks today token top
© Copyright 2021, All Rights Reserved