ApeCoin price slipped by 2% today but still strong on the weekly per bullish sentiment in the metaverse
to data from Coinbase Exchange. While the APE slip may seem like a general trend for the broader ecosystem, the digital asset has seen its weekly growth of 9.21% sustained.
With a market of $1.4 billion, the token remains the most valuable metaverse token, and as a result, the sustenance of its growth in the Year-to-Date rose from the metaverse immunity it is wielding at present. As it stands, there is a lot of sentiment surrounding the metaverse, and while the crypto winter is yet to clear, investors believe that coins like APE with a unique leaning toward the metaverse are a better bet for the future.
Currently trading at $3.92, ApeCoin comes off as one of the most ambitious metaverse tokens around. With the crypto winter pulling down the token from its All-Time High of $39.40, its community confidence, drawn from its proposed media plans has relatively kept its hopes alive across the board. While we cannot say that Yuga Labs, the Web3.0 startup behind the project has any trademark or patent filed in its name, it has some of the most anticipated metaverse products in the pipeline.While Bored Ape started as a non-fungible token collection on the Ethereum platform, it quickly grew to become one of the most revered digital collectibles in the industry.
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