The NFT and metaverse industries have been bright spots in a sideways crypto market in 2022, as evidenced by the APE token hitting an all-time high of $22.60 on April 28.
APE’s steady bullish momentum is largely due to the upcoming land auction of The Otherside on April 30th by Yuga Labs and Animoca Brands in conjunction with the Bored Ape Yacht Club NFT project.
APE/USDT 4-hour chart. Source: TradingView
The launch of Otherside will include a Dutch auction-style sale, and only KYC-approved wallets will be allowed to participate in the sale of the first 100,000 plots. All sales will be paid for using APE, which obviously helps drive demand for the token up as interested parties accumulate tokens in anticipation of the sale.
Wallets already holding BAYC or Mutant Ape Yacht Club (MAYC) NFTs will be able to claim the plot for free within 21 days of the auction without KYC approval.
Ongoing governance votes within the ApeCoin community are also helping to increase demand for APE, a clear indication that BAYC and MAYC holders are looking to become more involved in the direction the ecosystem is headed in the coming years.
$BIF, a new memecoin on Solana, surged in value rapidly, drawing attention with its humorous branding and endorsements from influencers. Its fusion of popular memecoins Bonk and Dogwifhat has sparked enthusiasm among investors, but caution is advised amidst the volatile crypto market.
JoyBitcoin's price nears record highs, surpassing major assets and ETFs, indicating its growing market dominance and potential volatility, urging investor caution.
WeiliangDonald Trump supporters are using AI to fabricate images of black voters endorsing the Republican party, aiming to sway African American support. As the US heads into another election cycle, combating AI-generated disinformation is crucial to safeguarding democracy.
AnaisOver 31.5 million ETH, valued at $115 billion, is staked on Ethereum's Beacon Chain, enhancing network security and DeFi collateralization.
AlexMoscow proposes a blockchain-based payment system for BRICS to reduce reliance on the U.S. dollar, aiming for cost-effectiveness and independence.
MiyukiFantom Foundation secured a default judgement against Multichain Foundation, marking a crucial step in their pursuit of justice after suffering significant losses from a July 2023 exploit. With plans to petition for bankruptcy, Fantom aims to appoint a liquidator to aid in asset recovery efforts, urging affected users to actively engage in legal proceedings for potential refunds.
WeatherlyAnthropic introduces Claude 3, a trio of AI models boasting unmatched advancements in cognitive tasks, from rapid processing to near-human comprehension. Haiku excels in speed, Sonnet balances speed with intelligence, and Opus emerges as the powerhouse, surpassing benchmarks and redefining AI standards.
WeatherlyBitcoin has surged past its previous record high of $69,000 amidst growing mainstream adoption and institutional interest, fuelled by the approval of exchange-traded funds. Despite challenges, Bitcoin's resilience as a cornerstone of the crypto market remains evident, with enthusiasts anticipating further gains driven by the upcoming halving event.
JoyBitcoin surged to a record high but quickly tumbled, reflecting volatile market dynamics. Institutional investment grows amidst regulatory uncertainties, while concerns about Bitcoin's utility persist, leaving investors questioning its long-term prospects.
WeatherlyCryptocurrency craze persists with meme coins soaring, but Vitalik Buterin warns of investment disparities hindering balanced growth and innovation in the crypto ecosystem. Dogecoin's surge highlights the imbalance as Buterin advocates for a more equitable approach to crypto investments to ensure long-term sustainability and inclusivity.
Weatherly