ApeCoin (APE) Price Surges by 15% Following Elon Musk’s Twitter Profile Picture

  • The floor price of a single BAYC NFT has likewise risen to $119.6 from $106.9.
  • The Billionaire changed his Twitter profile photo to the Bored Ape Yacht Club.

Various internal and external variables influence the price of cryptocurrencies. Elon Musk is an outlier who can cause asset values to skyrocket with a tweet. Prices of ApeCoin increased by 15% when the Billionaire changed his Twitter profile photo to the Bored Ape Yacht Club during the spectacular metaverse debut.

Highly Anticipated Metaverse Launch

When Elon Musk updated his BAYC profile photo on Wednesday, it re-ignited the debate about cryptocurrency. ApeCoin, the native token of Bored Ape Yacht Club, which had been rather quiet in the early stages of trade, surged by 15% and reached a four-day high of $17.6 on Tuesday. The floor price of a single BAYC NFT has likewise risen to $119.6 from $106.9, which is a coincidence.

In January, the eccentric Billionaire, who now owns Twitter, expressed his displeasure with NFT profile images. However, his purchase of 569 Ether worth of BAYC NFT via Moonpay was alleged to have occurred a few weeks later.

Regularly, Elon Musk can be seen tweeting about hot-button problems in the cryptocurrency world. When BAYC’s metaverse NFTs went on sale, demand for them pushed Ethereum costs to exorbitant heights, causing a big disaster within the community. Both Ethereum’s limitations and Yuga Labs’ congestion were cited as causes of the network’s congestion.

Dogecoin’s price surged in July 2021 when Elon Musk used the dog-themed cryptocurrency as his Twitter profile image. According to him, DOGE is the “people’s crypto” and even better than Bitcoin for transactions. According to CMC, the ApeCoin price today is $15.96 USD with a 24-hour trading volume of $2,620,504,139 USD. ApeCoin has been up 10.54% in the last 24 hours.

A devoted content writer having 3 years of crypto trading experience. Loves cooking and swimming. Stays up to date with the latest developments on blockchain technology.