November was quite unforgiving for cryptocurrencies. The gripping [FTX contagion](/news/article/ftx-bankrupt-who-to-blame) has affected the price of [Bitcoin](/coins/btc) and most of the altcoins. However, one altcoin that has made tremendous gains in this choppy market is Ape coin. 

The Ape coin price saw a massive positive rally in the few weeks. Its value has increased by over 28% in the final days of November. Currently, the token is changing hands at $3.88

## ApeCoin - the top performer in the market

Among the top 50 cryptocurrencies, [ApeCoin’s performance](/news/article/top-performing-crypto) has been the most impressive. Where most of the tokens show bearish or neutral trends, the Ape Coin price surged by over 28%. The token also ended the last month with a high of around 25% increase. At the end of October, it closed with its value touching the $5 mark.

However, it saw a sharp decline after the first week of November. In the middle of the month, its value hovered under $3. But towards the end, it had again attained some positive momentum. 

The Bored Ape Yacht Club [(BAYC) NFT collection struggled](/news/article/bayc-nft-suffered-from-ftx-crash) during this period. It slipped to the second spot in the NFT collections price list. Nonetheless, it has reclaimed the No.1 spot. 

Currently, the performance of ApeCoin is only second to DOGE. In the last week of November, Dogecoin had soared by over 29%, just slightly higher than Ape. This rally helped the memecoin regain the $0.1 mark. As of now, DOGE is being traded at $0.1004.

## Ape coin price today

According to [CoinMarketCap](https://coinmarketcap.com/currencies/apecoin-ape/), the token is ranked 30th in the market. Currently, the APE price is $4.15, up by around 1%. It maintains a market cap of $1,483,792,223 with a 24-hour trading volume of $238,275,000. 

Despite the significant gains, the token is showing high volatility. That's why there's still fear among the traders. Besides, it has been trading below its SMA (simple moving average) for the last 200 days. Therefore, there is still intense selling pressure in the market. 

## What’s ApeCoin and its ecosystem?

ApeCoin is the ERC-20 token introduced by the [Ape ecosystem](https://apecoin.com/). It is one of the most popular Web3 platforms because of its highly acclaimed NFT projects, [BAYC](https://boredapeyachtclub.com/) and [MAYC](https://opensea.io/collection/mutant-ape-yacht-club). Besides its collection of non-fungible tokens, its creators also introduced a fungible token. This token has a maximum supply of 1,000,000,000. 

The coin was created to govern its decentralised autonomous organisation (DAO). It helps in building the platform's community by providing them with incentives. Also, it allows every member to become part of the decision-making and gives members access to exclusive events, games, or merch on the ecosystem.

## Token allocation

Its total supply is divided into four major parts. The largest part belongs to its ecosystem, which is 62%. The second largest portion goes to [Yuga Labs](https://www.yuga.com/) and charity. The other two parts are allocated to launch contributors and BAYC founders.

![Picture1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture1_e017eb844f.png)
  
## Final thoughts

The Ape Coin price has skyrocketed in November. With an increase of over 28%, it became a top performer in the market. After decreasing in value in mid-month, it’s again on its way to breaking the $5 mark. On the other hand, [DOGE](/news/article/dogecoin-twitter-impact) is the only token ahead of Ape in this race.


green crypto coins with apecoin logo and two apes sat down

Ape Coin Price Up 28% in Last Month

Gucci, an Italian luxury brand, announced on Monday that it would [accept apecoin as a payment method](https://cointelegraph.com/news/gucci-becomes-first-major-brand-to-accept-apecoin-payments). The payment mode is currently only accessible in the United States because not many countries allow crypto to be accepted as a payment method. The brand is partnering  with Bitpay to make the payment option available. Bitpay is a cryptocurrency payment processing firm that has worked with numerous well-known companies to make cryptocurrency payments possible.

It is, however, Gucci's 12th cryptocurrency that they accept as payment. In May, the company announced plans to accept 12 crypto assets as payment options in 111 stores across North America. Bitcoin, Ethereum, Dogecoin, SHIB, Litcoin, Wrapped BTC, USDT, USDC, and many more were on the list.

Gucci has emerged as one of the few large companies to engage with cryptocurrency aggressively. In February, the Italian brand launched the "SUPERGUCCI" NFT collection in collaboration with the vinyl toy brand SUPERPLASTIC. The following month, it released the "Gucci Grail" NFT collection, targeted at owners of top NFT projects like the [BAYC](/news/article/bored-ape-nft). The brand is profiting from the current excitement in the cryptocurrency and NFT markets.

## Apecoin community reactions

ApeCoin's official Twitter page responded by stating that they are thrilled that Gucci will be the first large company to accept the cryptocoin for in-store transactions. Everyone is excited about this move because it is a community-driven initiative. As a result, it's not surprising that Twitter is flooded with tweets concerning Gucci's moves. Users have been seeing that more corporations are adopting the Web3 environment, and it appears that Gucci is ready as well.

Apecoin (APE) has experienced a rise in its general acceptance as a payment method. As the market has gained traction and the cryptocoin has witnessed some favourable developments, it has increased by about 50% in the previous month. It is currently trading at $7.32. However, the coin is still nearly 75% down from its ATH.



Gucci now accepts ApeCoin as payment

Metaverse Crypto has brought more projects into the non-fungible token (NFT) space. Although Binance Smart Chain, Solana, and Avalanche have tried breaking into the space, Ethereum remains the biggest NFT blockchain by sales volume.

Metaverse crypto projects in the crypto finance space run into the thousands as of April 2022. Having seen the impact of the non-fungible tokens (NFTs), several developers have turned away from creating decentralised applications or protocols (dApps) and have instead opted for digital collectibles.

This has seen thousands of crypto metaverse projects added to existing ones. Blockchain technologies come with native assets and so do the best metaverse crypto projects.

It is not surprising, then, to find questions like what are the best metaverse crypto coins, what are the best metaverse crypto tokens, and what are the top metaverse crypto coins on Google, DuckDuckGo, Yahoo Search, and Bing daily.

## What are the top metaverse cryptocurrencies? 

Of course, there are thousands of metaverse cryptocurrencies. We have selected Axie Infinity (AXS), The Sandbox (SAND), Decentraland (MANA), ApeCoin (APE), and Enjin Coin (ENJ) as the top five in-demand metaverse cryptocurrencies.

### Axie Infinity (AXS) 

Launched in 2018 by the technology-focused game developer Sky Mavis, Axie Infinity is an ERC20 token. This means that the Axie Infinity ecosystem is housed in the Ethereum blockchain.

Axie Infinity is a massively successful play-to-earn game that allows users to earn rewards for completing specific tasks in-game. A great example of this is completing a level in a video game and earning, let's say, $50 for your effort.

This motivates gamers to engage with the entire Axie Infinity ecosystem and see the amount of money they can earn as rewards within a given period.
What’s more, once some of the in-game purchases are minted, they can be represented as an NFT that is indivisible, indestructible, non-interoperable, and verifiable.

These digital collectibles can be sold on an NFT marketplace such as OpenSea.

This is the primary reason why Axie Infinity has surpassed more than $4 billion in NFT sales volume.
As one of the top metaverse crypto projects, Axie Infinity has one of the most demanded metaverse crypto tokens in the form of AXS.

AXS became a tradable token in November 2020 and saw huge investor interest.
In the crypto boom of November 2021 that saw Bitcoin (BTC) test new milestones, AXS reached an all-time high price of $165.37 on November 6, 2021.

According to the projections of some of the reputable crypto news and forecasting portals, AXS could reach the best possible price of $143.52 by the close of 2022.

### The Sandbox (SAND)

As one of the best metaverse crypto projects out there, The Sandbox introduces blockchain technology to the gaming world.

By innovating a universe where there can be a creation and collection of blockchain-based assets, the Sandbox aims to revolutionise the gaming market.
With the rise in the popularity and demand for non-fungible tokens and increment in development activity on its platform, the Sandbox will continue to see the creation and trading of more NFTs.

The result will be a spike in demand for its novel token, SAND.

SAND is one of the most patronised cryptocurrencies, seeing more than $10 billion in monthly trading volume.
As meta-universe crypto, SAND reached an all-time high price of $8.44 on November 25, 2021, and continues to recover in the second quarter of 2022.

With that said, analysts, experts, and gurus at some of the most reputable crypto forecasting portals believe SAND could reach the maximum price of $8.50 by the end of 2022.

### [Decentraland (MANA)](/coins/mana)

As an ERC 20 token on Ethereum, Decentraland is a virtual reality (VR) platform that allows users to create, experience, and monetise applications and content.

Decentraland grants users the ability to virtually buy, develop, and maintain properties.
The largest virtual land sale, sold for around $913,000 in June 2021, happened on Decentraland.
Heading deep into the metaverse, there is a huge chance that thousands of developers would opt for Decentraland to purchase plots of land, develop those virtual properties, and monetise them.

This is what has contributed to MANA being one of the most in-demand metaverse cryptocurrencies of 2022.
As one of the most patronised virtual land cryptocurrencies, MANA continues to see more than $250 million as daily trading volume.

This confers positive reserve risk on MANA since its price is relatively smaller, but investor confidence in the asset remains high. Therefore, MANA could be considered an attractive investment with lots of hidden potential.

MANA reached an all-time high price of $5.90 on November 25, 2021. Experts think that the native asset of the Decentraland ecosystem could exchange hands at $4.42 by the year's end of 2022.

### ApeCoin (APE) 

Launched on March 17, 2022, APE is the novel token of the ApeCoin ecosystem. APE was inspired by one of the most successful NFT projects called the Bored Ape Yacht Club (BAYC) and its sister project, the Mutant Ape Yacht Club (MAYC) by Yuga Labs.

In the not-too-distant future, APE will be used in several play-to-earn games lined up by the ApeCoin Foundation.

As of April 2022, APE can be used to earn rewards in the metaverse crypto game Benji Bananas.
Aside from being a strong part of the metaverse, APE has also achieved mainstream attention with the support of the coin as a payment method by crypto casino BC.GAME.

What’s more, for the lovers of TIME Magazine, APE can be used by subscribers to pay for the magazine’s digital editions.

After reaching an all-time high price of $39.40 on the day of its launch, APE has been rated highly by several experts as one of the go-to metaverse crypto coins in 2022 and beyond.
Forecasts from leading analysts in the crypto finance space say APE could reach a trading price of $26.82 by the end of 2022.

### [Enjin (ENJ) ](https://enjin.io/enjin-coin)

Founded in 2017 and launched in 2018, Enjin is one of the best metaverse crypto projects housed in the blockchain technology of Ethereum.

Enjin provides an ecosystem of blockchain-based gaming products that are interconnected.
Game developers can tokenise in-game items on Ethereum.
Its novel token, Enjin Coin (ENJ), serves as a utility token that can be used to buy, sell, and trade some of the in-game items at real-world value.

As one of the most demanded metaverse crypto coins, ENJ continues to see at least $88 million as daily volume.

This is why the coin is projected to reach at least $3 before the end of 2022.
Overall, most of the best crypto metaverse projects are housed in the ecosystem of Ethereum.

This means that its native asset, Ether (ETH), is involved in swapping tokens for AXS, ENJ, MANA, and APE.



Metaverse Crypto: What are the best coins?

#M,
[Bored Ape Yacht Club](https://boredapeyachtclub.com/#/) is a successful NFT project, but has experienced cybersecurity flaws that continue to mire the decentralised finance space.

## What happened?

Bored Ape Yacht Club, through its Twitter handle, @BoredApeYC tweeted that there would not be any kind of minting on Monday, April 25, 2022. Representatives of the project asked holders not to mint, click or link their wallets to anything related to the Bored Ape Yacht Club project. This came after the project's Discord server and Instagram accounts were hacked due to a mint link sent out to followers of the digital collectibles by third parties.

## Why does it matter?

Through its partnership with Animoca Brands, Bored Ape Yacht Club will be launching its metaverse called "Otherside" on Saturday, April 30, 2022. With such an opportunity in sight, the hackers sent fraudulent links to users that they could "mint land" in BAYCs metaverse on or after the launch of the Otherside.

Users who were unlucky and clicked on this fraudulent link have seen their wallets compromised. What’s more, a series of Mutant Ape Yacht Club (MAYC) and Bored Ape NFTs have been transferred to the new wallets held by the hackers.

Based on the OpenSea transfers, it is estimated that around 30 Mutant Apes and 24 Bored Apes have been stolen.

This has a value of some $13.7 million, based on the floor prices of the 54 NFTs.

This number may have been inflated by holders transferring some of their Mutant Apes and Bored Apes for security reasons.

As of writing, Instagram and the company behind BAYC and MAYC, Yuga Labs, are still trying to determine how such a secured project was finally compromised.

## What's happening at the Bored Ape Yacht Club?

Bored Ape Yacht Club is the third-most successful NFT project based on sales volume after Crypto Punks and Axie Infinity.

With more than $1.8 billion in sales, BAYC is followed closely in fourth place by its sister project, the Mutant Ape Yacht Club (MAYC), which has raked in more than $1.3 billion in sales.

ApeCoin, seen as the native asset behind the Bored Apes project, is airdropping 150 million APEs to Mutant Ape and BAYC holders.

Users stand a chance of claiming up to 10,950 APEs if they hold BAYC. Users who hold the Mutant Ape Yacht Club also stand a chance of claiming 2,042 APEs.

Bored Ape Yacht Club is a non-fungible token (NFT) collection of 10,000 unique bored apes that live in the blockchain of Ethereum.

More [NFT news](/news/category/nft-news).


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