ApeCoin soared on Wednesday morning, climbing 7% to $19.10, bringing its seven-day gains to more than 22%.
This comes only a week after Yuga Labs, the developer of the Bored Ape Yacht Club (BAYC), announced the opening of its Otherside metaverse on Saturday. Since then, ApeCoin (APE), the standard currency required in Otherside, has surpassed Decentraland’s MANA, The Sandbox’s SAND, and Axie Infinity’s AXS to become the largest metaverse token by market valuation.
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