ApeCoin Claims Top Spot as Most Valuable Metaverse Token

Surpassing Decentraland’s MANA and The Sandbox’s SAND.

NFT
8,928 Hypes 4 Comments

ApeCoin (APE), the Ethereum-based token from the Bored Ape Yacht Club ecosystem, has officially become the most valuable metaverse token with a market cap of over $5.7 billion USD at the time of writing. The news arrives just over a month after BAYC creators Yuga Labs announced the creation of the coin, surpassing the currencies of more established projects such as Decentraland‘s MANA, The Sandbox‘s SAND, and Axie Infinity‘s AXS. The recent push now has ApeCoin ranked at number 26 for cryptocurrencies as a whole.

The recent price jump can be mainly attributed to the excitement around the launch announcement for “Otherside,” BAYC’s metaverse project. Otherside is currently auctioning land exclusively through ApeCoin via Dutch auction with a land supply totaling 100,000 NFTs.

Elsewhere, MoonPay partners with OneOf NFT platform for more payment options.

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