Bored Ape Yacht Clubb ApeCoin (APE), the native currency of the (BAYC) metaverse, has managed to recoup its recent losses. Analysts stated that there is a very high probability of 25% in the NFT token as major wallet investors continue to buy.
ApeCoin Two proposals submitted at the DAO, AIP-94 and AIP-106, were put to a vote. AIP-94 contains an animated anthology proposal from Otherside. Otherside is the name of a gamified, interoperable metaverse currently in development. Blending several multiplayer role-playing games online, the metaverse has managed to grace the headlines since its debut.
AIP-94 proposes an anthology where each episode takes place on digital plots of land in the Otherside metaverse. Bored Ape Yacht Club characters from the ApeCoin ecosystem will be featured in the series, a mass consumption media product.
Koinfinans.com As reported by APE, the main goal appears to be to further increase the value of Bored Ape Yacht Club NFTs and to enable linked assets such as APE to benefit from the launch. This could drastically increase awareness of the ApeCoin ecosystem and interest in APE.
AIP-106 includes a contest proposal for Proof of Participation Protocol (POAP) NFT creators. Each POAP stands for a mark of the lives of users or role-playing characters and a record of shared memory between collectors and publishers. The offer awaits the release of new POAP NFTs for each live offer. Both AIPs propose an increase in the use and adoption of ApeCoin.
ApeCoin Whale Continues Its Purchasing Spree
A major wallet investor spotted by Ourboros Capital analysts recently sold $114 million worth of APE tokens. Whale continued to buy at the end of the APE selling spree and continued to add the NFT token to their portfolio last week. Typically, accumulation by whales is considered an ascension behavior.
TheEuroSniper, a crypto analyst and trader, evaluated the ApeCoin price chart and shared a forecast with a target of $6.60. This level represents a 25% increase from the current price of ApeCoin at $5.24. ApeCoin’s outlook is bullish and the NFT token has made up for its losses, gaining around 5% last week.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.