APE up 30% After Featuring in Snoop Dogg & Eminem’s Epic Music Video

NFT

APE on rise after epic appearance in Snoop Dogg and Eminem clip

ApeCoin (APE) quotes increased by more than 30% after hip-hop moguls Snoop Dogg and Eminem released a music video in which they appear to the public as characters from the famous NFT collection “Bored Ape Yacht Club”. In the music video for the song “From The D 2 The LBC”, the artists transformed into characters from one of the most popular NFT collections. Graphics were created by 1st AMENDMENT and Young California, in collaboration with BAYC.

Both artists are well-known crypto enthusiasts, especially when it comes to the entertaining segment of the crypto space. Earlier, Eminem purchased NFT from the BAYC collection for $462,000. Snoop Dogg, in turn, in addition to his active participation in the play-to-earn project Sandbox, whose ambassador he is, announced the launch of NFT snack bar, which is also inspired by the collection of cartoon monkeys.

APE is everywhere

The ApeCoin (APE) price boom happened with the release of the music video but also with news of an alliance being set up by major tech companies to standardize the work of Metaverses. Considering that BAYC, the issuer of ApeCoin, has recently been actively developing its own “Otherside” metaverse, the cumulative effect of two such loud announcements has had an effect.

APE, which was floundering at $3.9, managed to gain momentum and reach $5.2 per token, showing a 34% increase in two days. This is an important price level, having been overcome and consolidated, at which further growth could be expected. However, APE traded around this level but failed to hold it and rolled back to $4.78, giving back 10% of the previous days’ growth.

Of course, it’s hard to catch a strong price move when the news comes out unexpectedly. However, judging by the style of announcements from Yuga Labs and BAYC, investors and anyone interested should still be on the lookout. The company is actively promoting its NFT collections, developing the “Otherside” metaverse, gaining endorsements from several celebrities, and even recently hosted its first all-around music festival, “Ape Fest 2022,” which also featured a lineup of big-name musicians.

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