The metaverse is the new digital reality that combines the various aspects of social media, online gambling, augmented reality, cryptocurrencies, blockchain, and cryptocurrency.
The metaverse is expected to become a trillion-dollar business industry, involving several industries, and day-to-day tasks.
The next replacement of the internet, i.e., metaverse, is as expected will be the convergence of all that constitutes the major sections of our society.
Quite similarly, the cryptocurrency market is an important part of our lives and makes up for a crucial part of the metaverse.
Metaverse users can use digital assets for trading, shopping, and paying in those virtual worlds. Among all major cryptocurrencies, Apecoin is making special strides in the metaverse domain.
The cryptocurrency rose almost 38%, based on rumors that stated the Bored Ape Yacht Club is entering the metaverse domain.
This is a major step for the BAYC NFT collection after the recent controversies revolving around its legal cases.
According to coinmarketcap, at the time of writing this article, Apecoin is standing at a market value of US$16.61. On April 23,
The crypto reached its all-time highs for the week, revolving at around US$18.
Experts believe that the APE token will soon breach the US$20 resistance, within a matter of a few months and will trend among the largest cryptocurrencies in the market.
Since Yuga Labs declared its efforts to enter the metaverse, its value spiked exponentially. Since BAYC has been highly influential in introducing a cultural change and nonfungible token adoption,