ApeCoin (APE) price has grown higher on expectations that it would be a defacto payment token in a metaverse land sale, according to a report by CoinTelegraph on Wednesday.
- APE price surged almost 28% in one day to hit over $17 per token on April 20. The surge came as part of the bounce back from three-day lows under $11, generating a 55% gain.
- Unverified claims across social media platforms starting April 18 indicated that the owners of the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs might get virtual lands on Yuga Labs’ hyped “Otherside” metaverse platform.
- Otherside is set to become an MMORPG game whereby players can recruit their NFTs as native characters.
- A leaked investor pitch deck revealed that Yuga Labs anticipate earning $178 million by selling virtual labs, with APE being used as the de-facto token to process the transactions.
The demand for ApeCoin might surge higher, which explains APE’s upside trend in the last three years. APEUSD up +21.60%, SANDUSD up +3.13%