The Bored Ape Yacht Club (BAYC) non-fungible token (NFT) ecosystem token is up 15% over the 24 hours. A big improvement compared to the timid rebound of Bitcoin or Ethereum in the last 2 days (BTC and ETH lost around 1.5% in the last 24 hours).
ApeCoin is about to enter a new phase of development. BAYC is set to launch Otherside , its metaverse project on Saturday using the APE token as the native token of this new ecosystem. This launch was not the subject of much preparation: it was officially revealed last Saturday.
Although enthusiasm for cryptocurrencies has waned recently, investors remain optimistic about the future of the metaverse . BAYC released a teaser on Twitter showcasing what appears to be the Otherside universe. The main characters are obviously monkeys mirroring the Bored Apes
It is not yet known if Bored Apes NFTs will be used in this metaverse or if new NFTs will be issued.
ApeCoin (APE) – can it reach $100?
For me, there is no doubt that ApeCoin will rally to $100 in the medium term. The sentiment is very bullish for this crypto and it seems to be responding well to the progress of Yuga Labs projects for the moment, the NFT start-up now weighs 4 billion dollars!
Right after its launch, the APE crypto had surged to mark an all-time-high at $40. So we have the first price target ($40) for investors.