APE Eyes Push Above $40 As Otherside Metaverse Release Looms

APE/USD COINBASE:APEUSD

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ApeCoin continues to outperform the wider cryptocurrency market, is eyeing a break above $40.00 ahead of Yuga Labs’ metaverse release.

News earlier in the week that $32.4M worth of Bored Ape Yacht Club (BAYC) Non-fungible Tokens ( NTF ) had been stolen after BAYC’s official Instagram account was hacked and used to post a phishing link, as well as a broader deterioration in crypto market sentiment this week, has done little to deter the ApeCoin bulls.

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