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ApeCoin’s price has increased by more than 30%, surpassing Decentraland in market capitalization

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.

Image : CoinMarketCap

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.

Image : ApeCoin Foundation Board Members

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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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.