Saturday, November 26, 2022

ApeCoin Became The Biggest Metaverse Token Surpassing SAND, AXS

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Apecoin became the biggest metaverse token and even surpassed SAND, AXS and MANA as we can see more today In our latest altcoin news.

Among the top 100 coins, Secret gained on the news of the upcoming privacy-focused productivity suite and Apecoin became the biggest metaverse token after surging 7% to trade at $19.10 and pushed to seven-day gains of over 22%. This comes a week after BAYC creator Yuga Labs announced it will be launching an Otherside metaverse and since then, Apecoin as the standard currency required in Otherside, became the biggest token by market cap in the metaverse, surging ahead of SAND, AXS, and MaNA.

APE, as the ETH-based token for the Bored Ape Yacht Club ecosystem, was doing well compared to the rest of the market and outperformed most of the top 100 coins listed by CoinMarketcap and as of the time of writing, APE was the 28th biggest crypto by market cap at $5.5 billion. The only other token in the top 100 saw a similar surge which was Secret and up by 10% over the past day. SCRT is the native token for the privacy-focused Secret NEtwork which was built on the Cosmos/Tendermint framework. Web3 messaging service ALTER announced a partnership with Huddle01 as a Web3 meeting paltform regarding privacy alternatives to popular meeting software like zoom and Google Meet. The two projects aim to create a suite of privacy-focused messaging and meetings on Secret.

ALTER aims to create a one-stop suite that replaces productivity software like Microsoft Teams but also community tools like Discord, Telegram, and Slack according to the team’s blog post. Alter together with Huddle01 aims to onboard 100 million users by 2026 with this initiative. In the meantime, the broader market was languishing with a glboal market cap near $1.78 trillion and down by 2% over the past day. The market leader BTC got down by 2% to $38,762 while ETH as the second biggest crypto by market cap was down by 2% and traded at $2,852.03.

As recently reported, The more likely reason is the growing speculation over the announcement by Yuga Labs the creators of the BAYC NFT collection about the upcoming Otherside metaverse. According to the owner Renegademaster, Yuga Labs is preparing to launch land sales for the Otherside project dubbed as a Dutch auction of some sort with a price of 600 APE which is about $10,000 today.

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