Metaverse craze pumps Ape coin amid recovery of the crypto market

The Ape coin saw huge buy support because of the news of the upcoming Metaverse project.

Apecoin is an NFTs project powdered coin, which was launched because of the popularity gained by the Yuga Labs’ Bored Ape Yacht. In the very starting this coin faced huge criticism and ups & downs but finally came on the path to success because of trending topic-based development works, like Metaverse, Web3.

On 12 May, the Crypto market was facing a huge dump situation and was a terrible situation for any coin to see an upward trend because of the continuous 5 days downfall in the Market, which was initiated with the Fed rate hike & Terra Ecosystem collapse.

But on the same day, the team announced its Metaverse-related development to inform the Apecoin holders to remain eager for future progress and remain positive in the critical crypto market downfall situation.

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OthersideMeta, the Metaverse project Developer team for Apecoin, announced:

“Fragments of an Obelisk have washed ashore in the Biogenic Swamp. Voyagers, your Otherdeed is your key to helping build the Otherside metaverse. As we reassemble the Obelisk together, the Otherside comes to life.”

The team also shared a 36 seconds lengthy video to show the virtual world look of Apecoin Metaverse.

And here’s a sneak peak of the First Trip, the tech demo from @Improbableio. Can’t wait to share the experience with you. pic.twitter.com/jgkf6wTrFB

— OthersideMeta (@OthersideMeta) May 12, 2022

From 12 May to 13 May, Apecoin surged by around 70%, thanks to the Metaverse project teaser video released by the team.

At the present price of the Ape, the coin is $9.46 and this price is 18.72% high than the last 24 hours’ trade price. 

Dogecoin founder against Apecoin 

In the past, when Apecoin was launched, Billy Markus, Dogecoin founder, shared his opinion on Apecoin and said that such ideas to launch coins on behalf of NFTs trend is not good for the culture of NFTs projects.

if you don’t agree that’s fine and i wish y’all well, but i would appreciate civil disagreement rather than attacking me or dogecoin, since that literally just proves my point about how adding a token to the space leads to toxicity, and toxicity hurts the brand and the NFT space

— Shibetoshi Nakamoto (@BillyM2k) March 18, 2022

Read also: Binance CEO revealed huge numbers of Luna coin minting outside the exchange

Metaverse craze pumps Ape coin amid recovery of the crypto market

 

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