ApeCoin ($APE) Hits Its New ATH as the BAYC Metaverse ‘Otherside’ Land Sale Day Is Coming
ApeCoin ($APE) Hits Its New ATH
On April 28, the ApeCoin token reached a new all-time high of $22.65. The upcoming Otherside metaverse land sale, which will be hosted by Yuga Labs and Animoca Brands in conjunction with the Bored Ape Yacht Club NFT project on April 30, is the main reason for APE’s consistent bullish momentum.
Only KYC-approved wallets will be able to participate in the sale of the first 100,000 land plots at the Otherside launch, which will be held in a Dutch auction-style sale. All sales will be paid for with APE, which is obviously helping to boost demand for the token by allowing interested parties to store the token in preparation for the sale.
Wallets holding a BAYC or MAYC NFT will be able to claim a land plot for free for the first 21 days following the auction, without having to be KYC-approved.
Demand for APE has also increased as a result of ongoing governance votes within the ApeCoin community, demonstrating that BAYC and MAYC holders want to be more involved in the ecosystem’s future development.
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