ApeCoin (APE) Price Surges 36% Following ‘Otherside’ Preview

ApeCoin Surges Over 15% Despite Sluggish Market Sentiment
  • Players will significantly impact the platform’s “core capabilities.”
  • After falling to $4.60 early Monday, APE surged to a high of $6.30.

After Yuga Labs released a preview of their much anticipated Otherside Metaverse, ApeCoin looks to be on the rise. To give NFT holders a sneak peek into Otherside, the developer of Bored Ape Yacht Club released a demo last weekend. This allowed thousands of people to see the Otherside Metaverse for themselves. With this demo, otherdeeds owners may take part in the game for the first time as part of the first round.

Invited to Join Voyagers Journey

Yuga Labs issued a litepaper soon after releasing the Otherside demo, which provided early signals about the project’s future. A strange Obelisk that has emerged in the Otherside world will be the focus of the initial phase of development. Players will significantly impact the platform’s “core capabilities” in the upcoming second and third stages.

The litepaper reads:

“In order to plant the seeds for a successful community, we are starting development on Otherside with Voyagers, who are our first adopters and believers. They are a crucial part of Otherside’s history and are invited to join the Voyager’s Journey.”

APE/USDT: Source: TradingView

ApeCoin, the game’s official currency, plays a significant role in Otherside. When Yuga auctioned off Otherdeeds NFTs in April, prospective bidders were obliged to pay for their virtual land plots using APE tokens.

Since the demo was dropped on Saturday, ApeCoin’s price has increased roughly 36%. After falling to $4.60 early Monday, APE surged to a high of $6.30. As the cryptocurrency market gets fresh momentum, more pressure on the present price level might lead to further significant gains.

According to CMC, the price today is $5.79 USD with a 24-hour trading volume of $797,289,507 USD. ApeCoin has been down 2.91% in the last 24 hours.

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A trader himself, Rossi has 7 years of experience trading in the forex market and the passion for writing has brought him to Newscrypto. He is the perfect combination of market knowledge and writing skills, making him one of the most sought-after writers on cryptocurrency.