- BAYC and associated NFTs elevated in worth as Yuga Labs introduced the launch of its newest sport.
- APECoin didn’t react positively after the announcement, however might be a winner in the long term.
On 12 January, when maker Yuga Labs introduced its plans for Dookey Sprint, gross sales for Bored Ape Yacht Membership [BAYC] NFTs and associated tasks resembling Mutant Ape Yacht Membership [MAYC] and Bored Ape Kennel Membership (BAKC) collections skyrocketed.
Apes, stretch your eyeballs and heat up your scroll muscular tissues — a number of new data about subsequent week. Quick model: monkey butthole, Sewer Move January 17, skill-based mint begins January 18, new energy sources. Video explainer coming quickly, extra at https://t.co/h8JXeLkC57, and the 🧵 pic.twitter.com/bF1h2qAXrM
— Bored Ape Yacht Membership (@BoredApeYC) January 12, 2023
Learn APECoin’s [APE] Worth Prediction 2023-24
Dookey Sprint is an NFT-required, skill-based on-line sport with as-yet-unannounced prizes for the best scorers. The sport’s aim is to gather as many items as doable whereas touring so far as doable by means of a cartoonish sewage panorama with out dying.
A “Sewer Move” NFT mint will quickly be accessible from Yuga Labs, and holders of BAYC or MAYC NFTs can declare it totally free. Till the sport’s closure on 15 February, Sewer Move holders can play Dookey Sprint a vast variety of occasions.
In an effort to embrace folks from past the Bored Ape ecology, Sewer Passes can be made accessible for secondary market buying and selling beginning 15 February.
APE reacts negatively however stays bullish
Nevertheless, the ecosystem’s token, APECoin [APE], didn’t appear thrilled with the current developments surrounding the BAYC and related NFTs. APE had been on the rise and had elevated in worth by 32% earlier than the announcement on 12 January.
Nevertheless, as of this writing, it misplaced about 5% of its rally, as proven by the every day interval chart. There have been additionally hints {that a} value adjustment would trigger the value to drop a lot additional.
The Directional Motion Index (DMI) indicated that the asset was nonetheless in a robust bull pattern regardless of the value decline. The optimistic DI and the sign line had been greater than 20 when the indication was noticed.
Moreover, a robust bull pattern was indicated by the Relative Power Index (RSI) line being above 75. Nevertheless, the RSI line’s place additionally pointed to a possible value correction as a result of APE was within the overbought area.
How a lot are 1, 10, or 100 APEs price in the present day?
Might APECoin be enjoying the lengthy sport?
If the just lately launched sport is a success, APECoin may acquire in the long term. As soon as the Sewer Move NFT is launched to the market, APE might be used as a medium of alternate, apart from being the “foreign money” of the Sewer Move ecosystem. Consequently, its demand and value may enhance.