- ApeCoin (APE) dropped to its lowest price this year on Tuesday, August 1, 2023.
- APE’s price dropped following a sneak peak at Yuga Labs’ Otherside game.
- The price of APE dropped by 8.6% in the past seven days.
Data from CoinMarketCap, the leading cryptocurrency aggregation platform, shows that ApeCoin (APE) dropped to its lowest price this year on Tuesday, August 1, 2023. The price drop followed an exclusive event when 40 BAYC owners and superfans saw new areas of Yuga Labs’ virtual world and saw sneak peeks of its Otherside game.
APE dropped to $1.767 on Tuesday, marking the lowest price level in one year, before rebounding to $1.84 at the end of the trading day. APE’s price has dropped a few points after then and is trading at $1.81 at the time of writing, representing a drop of 8.6% in the past seven days.
As APE’s price dropped, the value of Bored Ape Yacht Club (BAYC), Yuga Labs’ flagship NFT collection, dropped. The digital asset has experienced a steady decline in the past year, dropping from 82.73 ETH to 29.36 ETH.
Otherside, whose revelation coincided with the recent drop in APE’s price, is described as a “gamified, interoperable me…
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The post ApeCoin and BAYC Values Drop Following Otherside Metaverse Test appeared first on Coin Edition.