Biggest NFT collection on the market becomes even bigger
The floor price of the largest and most popular collection in the NFT market, Bored Ape Yacht Club, has climbed to 137 ETH after the announcement of Otherside Metaverse, WuBlockchain reports.
The floor price was not the only metric that spiked after the announcement. With the rising floor price, BAYC faced a strong transaction volume increase of 22% in 24 hours. The MAYC collection saw an 86% increase in the number of traders in the last 24 hours after an 11% floor price increase.
Details on the use of previously distributed monkeys in the new metaverse have not been disclosed, but users expect a big increase in the value of their non-fungibles as the metaverse begins to roll. .
The “Otherside” Metaverse project will be officially launched next Saturday at 12:00 p.m. ET. After the announcement, the administration opened the Discord channels of the collection, which have already attracted over 100,000 new people.
ApeCoin follows
As NFT traders move the floor price of Bored Ape-linked collections beyond, the collection-linked token has also seen strong price performance in the market, rising at least 58% in the past five days. .
But despite the positive price performance in the last day, APE still trades far below the all-time high reached back on March 17, when traders pushed the price of the token to $40. At press time, APE trades with an almost 60% loss since the highest point on the chart.
Previously, experts at Santiment noticed that Ape’s on-chain metrics were moving with a divergence from price, which could suggest choppy price performance in the future, as the coin’s growth is mostly speculative.
At press time, APE is trading for $16 and consolidating at the previous local high.
