Wednesday, November 29, 2023

Leading NFT Market OpenSea Starts Accepting ApeCoin

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The leading NFT market OpenSea starts accepting Apecoin and it surged in value over the past week as we can see more today in our latest altcoin news.

The Ethereum-based governance token used in the BAYC ecosystem -Apecoin surged in value over the past week. In the buildup to today’s Otherside drop by the Bored Ape Yacht Club creators Yuga Labs, the leading NFT market OpenSea announced it is now accepting Apecoin. It came just days after APE became the biggest metaverse token by market cap.

ApeCoin is up to u 1.3% over the past day and more than 33% over the past week as per the data from CoinMarketcap. Otherside is a metaverse gaming world and build a partnership with the NFT game publishers Animoca Brands, featured a number of proejct including the CryptoPunks, Meebits, Cool Cats, and Apes. Yuga Labs plans to launch “Otherdeed” NFTs believed to be similar to the ones of The Sandbox and Decentaland and they signify ownership of the virtual land. Other deeds will be made available for public scale and they will get to the Bored Ape and Mutant Ape owners as well.

As recently reported, ApeCoin soars 14% ahead of the Otherside sale and BTC got below $40K which made the former the crypto with the biggest gains over the day. Bitcoin failed to surpass $40,000 and returned to below $39,000 with the majority of the altcoins being in the red once again but Apecoin continued to defy the odds ahead of the highly anticiapted Otherside sale. Bitcoin started an impressive leg up and added about $3000 in hours but the asset surged to almost $41,000 after the recent nosedives. The price increase was short-lived with the bears pushing the crypto south again while the decline was even more violent and BTC found itself trading below $38,000 for the first time in six weeks.

crypto market
Cryptocurrency Market Overview. Source Quantify Crypto

ApeCoin soars 14% while Bitcoin reacted well to today’s climate and bounced towards $40,000. it surpassed this level briefly and the overall bearish sentiment in the crypto market drove it south again. BTC trades below $39,000 and the market cap declined well below $750 billion. The altcoin space hasn’t been enjoying over the past few days and the red landscape confirms it Ethereum touched $3000 a few days ago and failed to remain there. It dropped to $2900 and a 3% decline since then which drove the second biggest crypto to over $2800 as of now.

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