Last Saturday, Yuga Labs teased its new Bored Ape Yacht Club (BAYC) metaverse with a short trailer and the message, “See you on the Otherside in April. Powered by @apecoin.”
On the same day, Animoca Brands, the blockchain metaverse developer responsible for The Sandbox (SAND), tweeted: “Animoca Brands is excited to announce that we’ll be adopting @ApeCoin for the secret project we’ve been developing with @BoredApeYC,”
The Meteoric Rise of ApeCoin (APE)
The collaboration between the iconic NFT collection and the 2nd biggest metaverse crypto has accumulated mass hype and speculation. ApeCoin (APE), a token that can be claimed by Bored and Mutant Ape Yacht Club members, was launched last Thursday by the ApeCoin (APE) DAO and has since rocketed by approximately 1,150% at the time of writing. ApeCoin (APE) is currently ranked the third biggest metaverse coin behind Decentraland (MANA)and The Sandbox (SAND), according to CoinMarketCap.
While it appears that the upcoming project will see the emergence of BAYC’s own metaverse, both companies have remained tight-lipped about what excited investors can expect. Regardless, the enigma seems to have only added to its appeal.
Recently, the soaring value of ApeCoin (APE) has been connected to the affluence of BAYC. ApeCoin (APE) DAOhas enlisted the help of prominent members of the crypto community, including Reddit co-founder Alexis Ohanianand FTX’s Amy Wu, to serve on its board. They’ll serve for six months before ApeCoin (APE) holders vote for new members who will serve for one year.
In light of the high prices and fees associated with NFTs, the digital asset class has been accused of elitism, which makes them accessible only to a few. Subsequently, it was reported that in the last 24 hours, ApeCoin (APE) had become the most traded digital asset among the top 1000 Ethereum (ETH) wallets. In cases like this, the crypto’shigh is often short-lived.
Can the upcoming launch of the new metaverse-based FIREPIN Token (FRPN) reach these towering highs?
Could Newcomer FIREPIN Token (FRPN) Offer More Promising Gains than ApeCoin (APE)?
FIREPIN Token (FRPN) is still in presale, but has attracted significant attention among the crypto community at this early stage of its development. Crypto experts have been impressed by FIREPIN’s (FRPN) roadmap and ecosystem, which is aiming to fund metaverse development through treasury funds allocated by its holders.
Over the course of its presale, the price of FIREPIN (FRPN) has surpassed expectations of 0.0008, with more time to incline in its final 30 days before launch. FIREPIN (FRPN) holders also benefit from a variety of rewards from staking their FRPN, as well as its multichain integration meaning that FRPN is transferable across 5 different blockchains at a low fee.
Although FIREPIN Token (FRPN) doesn’t share the same fame and reputation as BAYC, it does offer an attractive roadmap, a multitude of staking rewards for holders and practical applications indicating that it has real-world value and utility. Thus, FIREPIN Token (FRPN) is predicted to enjoy a more sustainable high, while the elevated price of ApeCoin (APE) has been attributed in part to Ethereum (ETH) whales.
Join Presale: https://presale.firepin.io/login