The price of the new ApeCoin has crashed a lot in the past few days. This is despite TIME, one of America’s largest publishers, having added the APE token as a payment method for its subscriptions.
ApeCoin Price Continues to Crash Despite Good Adoption News
The price of ApeCoin reached a high of $17.17 almost three days ago. Since then, however, the price has crashed considerably. Binance, Coinbase, Kraken, Gemini, FTX and many other exchanges have accepted the NFT token and on their platform yet the price is unable to rise.
Despite the lackluster price performance, investors remain interested in the coin. ApeCoin is the most traded NFT token among Ethereum whales. Investors with large wallets massively bought the Bored Ape Yacht Club token Bored Ape Yacht Club token.
It was also recently announced that TIME, one of the largest news magazines in New York, will accept the ApeCoin as a payment method for subscriptions.
Congrats to the ApeCoin DAO on the rollout of @ApeCoin & thrilled we can announce that @TIME will be accepting $APE for digital subscriptions in the coming weeks on https://t.co/tiBU5fsE5B
— TIMEPiecesᵍᵐ ⏰ (@timepieces) March 20, 2022
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Will there be a Bored Ape Yacht CLub metaverse?
The widespread adoption of the ApeCoin is not the only good news. Bored Ape Yacht Club recently announced that it will launch its own metaverse powered by the ApeCoin. Yuga Labs has revealed that ApeCoin users are in for an exciting experience in April 2022.
See you on the Otherside in April. Powered by @apecoin pic.twitter.com/1cnSk1CjXS
— Yuga Labs (@yugalabs) March 19, 2022
