The lowest price was not the only indicator that surged after the announcement. With the rise in minimum rates, BAYC faced a significant 22% increase in trading volume in 24 hours. In the MAYC collection, the number of traders has increased by 86% in the last 24 hours after the minimum price was 11%. gain..
With the official announcement of the Metaverse Project Otherside, BAYC’s minimum price has reached a high of 137 ETH and trading volume has increased by 22% in 24 hours. MAYC 24-hour traders rose 86% and floor prices rose 11%.
— Wu Blockchain (@WuBlockchain) April 24, 2022
Details of the usage of the apes previously distributed in the new Metaverse have not been revealed, but as the Metaverse begins to move, users expect a significant increase in value, though not substitutable.
The “Otherside” Metaverse project will officially start next Saturday at 12:00 pm EST. After the announcement, the administration opened the Discord channel for the collection, which has already attracted more than 100,000 new people.
Followed by ApeCoin
As NFT traders move up the lowest prices for Bored Ape related collections, the tokens associated with the collection have also shown strong price performance in the market, rising by at least 58% over the last five days.
However, despite strong price performance on the final day, APE is trading well below the all-time high reached on March 17, when traders pushed the price of tokens to $ 40.At the time of pressing, APE is trading with a loss of almost 60% from the highest point chart..
Earlier, Santiment experts noticed that Ape’s on-chain metrics are moving divergently into prices. This may suggest future volatile price performance as coin growth is mostly speculative.
At the time of the press, APE was trading at $ 16 and was trading at the previous high.