In the last 24 hours, the ApeCoin (APE) price has risen by about 25%. However, most of the price gains have accumulated over the last few hours. For this morning at 8 a.m. Central European time, ApeCoin (APE) was still trading at around $ 5.25. This was followed by a powerful pump and the APE shot over the psychologically important price tag of six US dollars.
Now, many investors are once again speculating on a recovery rally that will drive ApeCoin back to heights. Because the downside from the all-time high is around 75% when the APE was still trading at $ 26.70 just three months ago. What should investors know now? Why could the ApeCoin rally continue?
Recovery rally is gaining momentum
The discount from the record high, which was reached by ApeCoin after ICO, is still significant. Nevertheless, the momentum of APE has improved in the last few days. The recovery was evident at all times.
|1 hour||1 day||7 days||Fourteen days||30 days|
Otherside Metaverse nurtures the imagination, Yuga Labs publishes Litepaper
A few weeks ago, the company Yuga Labs announced that they were concentrating on developing a metaverse to be called Otherside. Yuga Labs successfully completed an important series of tests over the weekend.
Today’s technical demo is over. Thanks to all Voyagers who participated: we tweet here when your credit is ready later today. If you are already hungry for more Otherside, we have published a small paper: https://t.co/XPlNEwPGCC. See 🧵 for more
– OthersideMeta (@OthersideMeta) July 16, 2022
At the same time, they published little paper for their own metaverse. Here, Otherside is described as follows:
“Otherside is a world-building platform that provides an exciting environment to play, create, compete, connect and explore together.”
Different phases and principles are defined in Otherside’s Litepaper. Anyone more interested in ApeCoin’s Metaverse project should take a look at the explanations.
AIP-21/22 staking update as course driver
The team behind ApeCoin is currently working intensively on a bet update. The new update AIP-21/222 is intended to give APE holders the chance to receive interest and passive rewards for their investments. In the last few days, there have been controversial discussions in the ApeCoin DAO Forum about the specific design of the AIP-21, which would like to introduce a betting system for the ApeCoin and Bored Ape Yacht Club NFTs. Better opportunities to achieve APY above the average in APE efforts could increase demand massively, which would result in higher prices.
ApeCoin with hype potential
Many crypto traders and APE bulls see additional price potential. On social media, they see ApeCoin ready for a massive pump that nourishes recovery.
– DURAI (@du_rai) July 18, 2022
Finally, the native token of the Ape ecosystem is characterized by hypepotential around Metaverse and NFTs. Investors love the vision of a metaverse, and the parameters of the NFT market have indicated growth over the last few years.
In July 2022, the Ape NFTs will once again be among the most valuable NFT collections in the world – here are the top 3:
Market value in millions of US dollars
|Bored Ape Yacht Club||1,682|
|Mutant Ape Yacht Club||784|
If momentum picks up again, ApeCoin can pump at above-average speeds. In the short term, the APE was to successfully defend the six US dollars.
Buy Metaverse Coin Alternative: Battle Infinity (IBAT) in Presale
ApeCoin (APE) is an exciting metaverse currency with potential. But investors should not put all their eggs in one basket. Instead, you should also diversify your metaverse investments across different projects. While ApeCoin primarily focuses on entertainment and metaverse, Battle Infinity is a holistic ecosystem.
The Battle Infinity pre-sale is currently running on its own platform – in the pre-sale you can participate in the Metaverse project at an early stage of development.
Battle Infinity aims to become the new Axie Infinity. Here, those responsible target the Metaverse gaming market. For this, Battle Infinity relies on various success factors such as games, play-2-earn, metaverse, NFTs and innovations. The focus of the platform is the IBAT Premier League, a decentralized fantasy sports game:
“Also, home to some of the best software engineers in the world, the wildly popular Layer 2 Polygon project and a cricket-crazy population, there is no better place to start fantasy sports from than India.”
Since the native token IBAT is based on the Binance Smart Chain and the BEP 20 protocol, investors must first buy Binance Coin and then invest in Battle Infinity in the pre-sale. Co-founder Suresh Joshi describes the process as follows.
“There are 90 days from today (July 11) to get on board, so there is no excuse for missing out on booking 100x profits!”