According to CoinMarketCap, ApeCoin’s price has increased by over 30% today, peaking at $15.80 and surpassing Decentraland as the highest-valued Metaverse crypto asset on the market.
With a market capitalization of $4.3 billion, there’s no obvious justification for the recent price increase. Some assume that the recent positive momentum stems from Coinbase’s announcement last week of an upcoming interactive three-part film starring the Bored Ape Yacht Club and the ApeCoin communities.
Week after week, ApeCoin’s ecosystem grows, and the market is definitely enthusiastic about the idea.
With the recent price increase, it’s no surprise that ApeCoin is now the most valuable Metaverse crypto coin on the market, surpassing even Decentraland on CoinMarketCap.
Whether you like ApeCoin or not, the project has a lot of support from different crypto groups. Then, and has one of the best long-term attitudes among Metaverse crypto coins.
ApeCoin was created for the Web3 economy, and APE holders have voting power over the outcome of numerous proposals initiated by the BAYC DAO. Thereby, allowing them to shape the project’s destiny.
It is an ERC-20 token based on Ethereum with a maximum supply of 1 billion tokens. It also has a healthy tokenomics model, with a total supply that will never exceed 1 billion.
Lastly, ApeCoin has a market worth of $4.3 billion and is currently trading at $15.8. Also, With a current circulating supply of 227.5 million tokens, it has a 24-hour trading volume of nearly $1.6 billion.
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