Bitcoin
BTC
and ethereum, by far the biggest cryptocurrencies by value, have moved sharply lower this month, as fears of a financial “doom loop” grip markets and “bitcoin Jesus” reveals his surprise “contenders” for the title of the world’s dominant cryptocurrency.
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The bitcoin price has struggled to break above $40,000 per bitcoin this year while the ethereum price has failed to hold above $3,000 per ether. Both bitcoin and ethereum are down around 20% through April. Meanwhile, the continuing popularity of blockchain-based non-fungible tokens (NFTs) has helped new cryptocurrency apecoin, linked to the Bored Ape Yacht Club NFT collection, become a $7 billion coin.
Now, a survey of cryptocurrency experts has returned a bullish price prediction for apecoin—with the apecoin price rocketing 50% over the last week as the coin’s developer gears up for a fresh NFT sale.
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The soaring popularity of non-fungible tokens (NFTs) has helped the crypto market find new … [+]
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Apecoin, launched just last month and up hundreds of percent since it began trading, has an average price prediction of $27 by the end of 2022, according to a panel of crypto specialists put together by price comparison website Finder, up from around $24 per apecoin currently. The panel of nine experts predict the apecoin price will hit $35 by the end of 2030.
Apecoin was launched by Yuga Labs, the Andreessen Horowitz venture capital-backed creators of the hugely popular Bored Ape Yacht Club NFTs, and is soaring ahead of a new Yuga Labs NFT launch this weekend. NFT “land deeds” for up to 55,000 plots of virtual land in the Otherside metaverse game are due to be minted on Saturday and are expected to generate as much as $300 million, according to Financial Times calculations.
Otherside, a type of three-dimensional virtual world that’s become known as a metaverse, will bring together various NFT projects including the Bored Ape Yacht Club, CryptoPunks, Meebits, Cool Cats, and other collections developed by Yuga Labs. The official Otherside Twitter account revealed this week that those wanting to buy the new NFTs will need to pay using apecoin.
“The mint will be exclusively in apecoin, though you’ll need some ethereum for gas,” the Otherside account posted.</…….