{"id":235025,"date":"2022-04-29T19:00:45","date_gmt":"2022-04-29T18:00:45","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=235025"},"modified":"2022-04-29T16:24:19","modified_gmt":"2022-04-29T15:24:19","slug":"apecoin-reaches-new-high-as-otherside-launch-looms","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/apecoin-reaches-new-high-as-otherside-launch-looms\/","title":{"rendered":"ApeCoin reaches new high as Otherside launch looms"},"content":{"rendered":"<p style=\"font-weight: 400;\"><a href=\"https:\/\/cryptoslate.com\/coins\/apecoin-ape\/\"><span style=\"font-weight: 400;\">ApeCoin<\/span><\/a><span style=\"font-weight: 400;\"> price continues to soar to new highs despite the generally mixed performance of the overall crypto market.<br \/>\n<\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The Bored Ape affiliated token reached a new all-time high of over $26.7 on April 28 on the back of the announcement of the upcoming Otherside land auction.<\/span><\/p>\n<h2><b>The Otherside is coming<\/b><\/h2>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The Otherside is a metaverse project by <\/span><a href=\"https:\/\/cryptoslate.com\/companies\/yuga-labs\/\"><span style=\"font-weight: 400;\">Yuga Labs<\/span><\/a><span style=\"font-weight: 400;\">, the company behind the Bored Ape NFTs. The land auction will start on April 30, with 100,000 plots available for minting.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">See you on the Otherside in April. Powered by <a href=\"https:\/\/twitter.com\/apecoin?ref_src=twsrc%5Etfw\">@apecoin<\/a> <a href=\"https:\/\/t.co\/1cnSk1CjXS\">pic.twitter.com\/1cnSk1CjXS<\/a><\/p>\n<p>&mdash; Yuga Labs (@yugalabs) <a href=\"https:\/\/twitter.com\/yugalabs\/status\/1505014986556551172?ref_src=twsrc%5Etfw\">March 19, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">According to the announcement, only KYC-approved wallets could participate in the auction. It also <\/span><a href=\"https:\/\/mirror.xyz\/0x3ae401F245034dAe25af1e2f9b9Bb8F006b1Dc6e\/ErZMh-0TTwMrAKPJ1hlDcjvNfZvQ998G-B-oTS6BVQk\"><span style=\"font-weight: 400;\">stated<\/span><\/a><span style=\"font-weight: 400;\"> that the price of an \u201cOtherdeed NFT will be a flat price of 305 ApeCoin\u201d and it would be limited to \u201cof 2 NFTs per wallet at the start of the sale.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The adventure begins. Otherside. 4\/30, 12pm ET. <\/p>\n<p>P.S. Otherside Discord is open: <a href=\"https:\/\/t.co\/ZPj7nbyBeP\">https:\/\/t.co\/ZPj7nbyBeP<\/a><a href=\"https:\/\/t.co\/jL61iSy97d\">https:\/\/t.co\/jL61iSy97d<\/a><\/p>\n<p>&mdash; OthersideMeta (@OthersideMeta) <a href=\"https:\/\/twitter.com\/OthersideMeta\/status\/1517896181384368129?ref_src=twsrc%5Etfw\">April 23, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">According to its announcement, BAYC and MAYC holders will be able to claim an NFT within 21 days of the auction.<\/span><\/p>\n<blockquote>\n<p style=\"font-weight: 400;\"><strong>You don\u2019t need to be KYC-approved to claim, but you DO need to be KYC-approved to mint in the auction.<\/strong><\/p>\n<\/blockquote>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The developers have also worked to allay the fears that using ApeCoin to buy land will give the developers and corporate brands more voting power in the ApeCoin ecosystem.<br \/>\n<\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Any ApeCoin earned from the auction would be locked up for a year, so it can\u2019t be used for voting.<\/span><\/p>\n<h2><b>ApeCoin\u2019s surge is tied to Otherside demand<\/b><\/h2>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">This news has been a major catalyst for ApeCoin\u2019s recent price upsurge as the coin will be used for the auction. This confirmed earlier rumors and has encouraged a higher demand for the token.<\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The bullish performance of ApeCoin and other NFT-related tokens in recent days <\/span><a href=\"https:\/\/cryptoslate.com\/press-releases\/apecoin-ape-31000-rise-of-stepn-gmt-indicates-nfts-are-back-parody-coin-paro-to-join-the-trend\/\"><span style=\"font-weight: 400;\">mirrors the overall performance<\/span><\/a><span style=\"font-weight: 400;\"> of tokens in this space since the start of 2022.<br \/>\n<\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In a crypto market that has been full of downs, NFT and Metaverse tokens have made some <\/span><a href=\"https:\/\/cryptoslate.com\/the-nft-market-is-growing-more-than-the-crypto-market-according-to-nansen-report\/\"><span style=\"font-weight: 400;\">interesting returns<\/span><\/a><span style=\"font-weight: 400;\"> for investors since the beginning of the year.<\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Otherside is only one of the many projects involving ApeCoin. Already, Animoca has <\/span><a href=\"https:\/\/cryptoslate.com\/crypto-influencer-cobie-criticizes-what-staking-has-become-questions-apecoin-proposal\/\"><span style=\"font-weight: 400;\">submitted<\/span><\/a><span style=\"font-weight: 400;\"> a proposal for ApeCoin staking that\u2019ll see those who stake get 17.5% of the total ApeCoin supply as a reward in the next three years.\u00a0<\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">As of press time, ApeCoin was trading at $22.98.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ApeCoin price continues to soar to new highs despite the generally mixed performance of the overall crypto market. The Bored Ape affiliated token reached a new all-time high of over $26.7 on April 28 on the back of the announcement of the upcoming Otherside land auction. The Otherside is coming The Otherside is a metaverse [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":235234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77055,76232],"tags":[77111,77513],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ApeCoin reaches new high as Otherside launch looms<\/title>\n<meta name=\"description\" content=\"Bored Ape-affiliated token, ApeCoin, has seen an increased demand which has helped push the price of the token to a new ATH.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/apecoin-reaches-new-high-as-otherside-launch-looms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ApeCoin reaches new high as Otherside launch looms\" \/>\n<meta property=\"og:description\" content=\"Bored Ape-affiliated token, ApeCoin, has seen an increased demand which has helped push the price of the token to a new ATH.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/apecoin-reaches-new-high-as-otherside-launch-looms\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-29T18:00:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-29T15:24:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/04\/image_2022-04-29_202033981.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/apecoin-reaches-new-high-as-otherside-launch-looms\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/apecoin-reaches-new-high-as-otherside-launch-looms\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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