Key Takeaways:
- ApeCoin gets integrated in one of the largest NFT marketplace, OpenSea.
- The token has been trending this week and its value has been on the rise.
Last week’s market analysis shows that there was a sharp rise in the price of ApeCoin, the Ethereum-based governance token. On April 27, it was also announced that ApeCoin has now become the largest metaverse token by market cap. It surged over 33% in the last one week and was over 6.70% at the time of writing, according to the data provided by CoinMarketCap.
Soon after this, OpenSea, the gas-free marketplace for NFTs on Polygon took to Twitter to announce that it is now accepting ApeCoin. This news came amongst the hype about the launch of the ‘Otherside’, the metaverse game world aiming to bring together several NFT projects in one place. It is an initiative of Yoga Labs, the creators of the Bored Ape Yacht Club.
OpenSea has also shared a tweet stating that the secondary sales for the OthersideMeta drop are also coming soon, and buyers will be able to use their ETH and ApeCoins for the purchase. Replying to this tweet thread, a user has said, “Evolving situation, more $APE are being bought or pushed out from exchanges; we will see these numbers substantially change leading up to mint.”
ApeCoin has also shared its view on this phenomenal event. The developers of the “decentralized base” are thrilled at this integration and believe that this proves that the $APE community is strong.
