Sunday, June 23, 2024

Boring ape-themed video featuring Eminem and Snoop Dogg, ape coin gains 22%.

The Bored Ape Yacht Club made news this week for hosting a live event which featured many stars. Part of the activity included a lawsuit being filed against a critic who was vocal in his views. The best news is that BAYC holders have something to be happy about – their ETH token ApeCoin rose 22% in value. At the time of publication, the coin’s price was $4.92, slightly down from a high of $5.26. Just last week, ApeCoin values went up 35%.

This price rise is significant because it indicates a small rebound for the NFT based token. It is a nice contrast for a token which suffered from brutal losses to the tune of 65%. This change is a stark contrast to the token’s all-time price high of $27. The highs were in anticipation of NFT sales for virtual land for the NFT’s metaverse-related game. ApeCoin is also enabled to help its holders in voting on any governance proposals recommended by its DAO.

ApeCoin’s recent rise in prices could have been due to a new video release on Friday. This music video featured Snoop Dogg and Eminem, prominent rap starts. They are also well-known ambassadors for BAYC and the video featured their avatars. The video featured on YouTube and had over 7 million views.

In other news, Yuga Labs filed a lawsuit against Ryder Ripps. According to the claims, he was accused of scamming interested buyers with fake Bored Ape NFTs.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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