ApeCoin: 25% increase from an information!

ApeCoin, the token of the NFT collection Bored Ape, made a new rally at near-record price levels on Wednesday, April 20, 2022. 

The most important news, which triggered the rise in the price of APE in the last 24 hours, is undoubtedly the information that leaked about the announcement of the founder of Yuga Labs about the metaverse of the currency.

At the time of writing, the APE has risen 25.6% in the last 24 hours, surpassing the $ 16.47 All-Time High, reaching $ 16.53. These growth rates beat MANA, the most significant metaverse token, with a market capitalization of $ 4.3 billion.

In addition to the interest in ApeCoin, the whales turned their attention to the company's NFT collection, Bored Ape, which soared in the last 24 hours as traders waited for a big announcement from Yuga.

The announcement for the metaverse

Was just sent some huge alpha re @yugalabs land drop. The sale will be a Dutch auction of some sort starting at 600 $APE.

BAYC / MAYC (Airdrop)
Punks, Meebits, Cool Cats, Nounz, WoW, Toadz (Auto WL)

Get your $APE ready. Looks like we’re gonna need it. #BAYC #OTHERSIDE

— renegademaster / guccibayc.eth (@renegademasterr) April 20, 2022

Yuga Labs released a trailer for the upcoming metaverse called Otherside in March.

 We know a few things about this project, apart from the fact that it will be a metaverse that will integrate Apecoin and a lot of NFT.

Yuga said it would reveal more information about the project in late April. Respectively launched in March and Apecoin to serve as the native token of the project.

Since April 20 is an important date for the culture of memes on the internet, it would be the best time for Yuga Labs to announce it. In addition, April 23 is also the first anniversary of the launch of the Bored Ape Yacht Club.

The owner of one of the Bored Ape NFTs, @renegademasterr, stated that Yuga intends to start selling land for its project soon.

Sales are expected to be costed in APE.

Billy Kasis, Blog writer