BAYC is back and APE crypto is flying as the Apecoin team announces native yield and ApeChain bridge – fuelling APE price growth.
Are NFTs making a comeback? It looks like they might be.
This time, it is not CryptoPunks but one of its other blue-chip alternatives, Bored Ape Yacht Club (BAYC), and Apecoin, the token that primes the Apecoin ecosystem.
Admittedly, after the boom of 2021, 2022 turned out to be merciless. BAYC and the NFT ecosystem were quite literally decimated.
As investors scrambled for the exits, NFT trading volume on major marketplaces like Blur and OpenSea crashed by over 90% at the depth of the 2022 bear run.
( Source )
After two years of pressure, there is movement, and this time from Yuga Labs, the creator of BAYC.
Apecoin Bridge Launches In Much-Needed Project Boost
After months of development, the team announced the launch of its highly anticipated “Bridge,” which also came with the activation of ApeChain.
There is nothing technically special about the bridge.
As the name suggests, it will allow users to connect their wallets seamlessly and swap assets, including meme coins, on the ApeChain.
The bridge will initially connect ApeChain with Ethereum and Arbitrum .
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Is Native Earn Yield and ApeChain Launch Driving APE Demand?
The team’s decision to give out a yield is pushing APE crypto prices
Price Trading volume in 24h Last 7d price movement . Here’s how it works: Investors will receive a native yield on several tokens, including APE and ETH, as well as stablecoins.
Beyond the native yield, ApeChain’s smart contracts have been upgraded with LayerZero’s Omnichain Fungible Token (OFT) standard.
This has a major advantage: APE, the native token, will be the first of many other coins to give holders a chance to earn a yield. What’s cool about this feature is that APe holders don’t have to do anything.
At the same time, APE will have a utility, priming the Ethereum-compatible ApeChain.
The launch of the ApeCoin bridge and the activation of the ApeChain are, in fact, major milestones for APE and NFTs.
It explains the sudden spike in APE price over the past 48-hours.
( APEUSDT )
APE crypto is up by nearly +130% in less than a week, and support has been found from October lows.
Flockerz Presale Raises Nearly $1 Million As Meme Coin Hype Grows
With capital flowing to APE, so does it lift other coins, especially looking at how Flockerz has been performing.
The meme coin is on a tear, raising nearly $1 million in the ongoing Flockerz presale .
Each FLOCK, the native token, sells for $0.0058161, but prices will increase in the next 24 hours. So, hurry and buy FLOCK now.
What’s exciting about the project is its decision to be a people-centric meme coin—there are no VCs or others who may manipulate prices or dictate the direction of the project.
FLOCK holders decide how the project evolves.
FLOCK holders can participate in the DAO and earn whenever they vote, thanks to Flockerz’s innovative “Vote-to-earn” feature .
What’s more, the rewards received can be staked. Currently, before the feature rollouts, Flockerz investors earn a 1,840% yield—the highest APY in the space.
VISIT FLOCKERZ HERE
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