• News
  • Altcoins
  • Blockchain
  • Bitcoin
  • Ethereum
  • Markets
What's Hot

Bitcoin’s Next Step: Integration with New Social Systems Technology to Achieve Monetary Status

January 13, 2023

Sensory Immersion Takes Over: Touch and Smell Set to Revolutionize the Metaverse at CES 2023

January 13, 2023

Kraken Announces FLR Token Distribution via Email: Details Inside

January 13, 2023
Facebook Twitter Instagram
Bit News Today
  • News
  • Altcoins
  • Blockchain
  • Bitcoin
  • Ethereum
  • Markets
Bit News Today
Home»News»ApeCoin and Axie Infinity Ring Skyrocket 6% in the New Year: The Metaverse is Heating Up!
News

ApeCoin and Axie Infinity Ring Skyrocket 6% in the New Year: The Metaverse is Heating Up!

Saheel KhirodkarBy Saheel KhirodkarJanuary 3, 2023Updated:January 3, 2023No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
ApeCoin (APE): the Web 3.0 tokenomics of BAYC NFT Project - Zipmex
The gaming industry’s giant Square Enix has increased its focus on blockchain while the metaverse and gaming tokens have had a successful start to the new year.

Cryptocurrencies with ties to the metaverse, such as ApeCoin (APE) and Axie Infinity (AXS), have seen price increases of about 6% over the past day.

According to CoinGecko data, APE is up 6.3% to $3.88, AXS is up 6.9% to $6.41, and SAND is up 5.2% to about $0.40 for Axie Infinity and The Sandbox, respectively. MANA, the currency of Decentraland, recorded more modest gains of 4.4% to reach about $0.31.

In contrast, the overall market capitalization of cryptocurrencies has only increased by about 1.6% over the past day.

The information was released shortly after the Special Council elections, in which five candidates were chosen to lead the ApeCoin project in the future. Yuga Labs, the company that created the Bored Ape Yacht Club, is the developer of Otherside, a metaverse project. Its utility and governance token is called ApeCoin.

In its annual New Year’s letter, video game publisher Square Enix also reaffirmed its dedication to blockchain and Web3 gaming.

The most recent good news for investors comes after a terrible 2022 for coins connected to the Metaverse; AXS and SAND were among the worst performers in what was a bad year for cryptocurrencies overall, losing approximately 93% of their value.

Altcoins ApeCoin Axie Infinity Metaverse
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Saheel Khirodkar
  • Twitter
  • Pinterest
  • Instagram
  • LinkedIn

Saheel works as a content writer for Bitnewstoday. He has always been interested in journalism and enjoys writing. Furthermore, His interest lies in cryptocurrency, and is continuously seeking for new techniques to invest. In his free time, he enjoys staying up to date on the latest industry news and spending time with his family.

Related Posts

Bitcoin’s Next Step: Integration with New Social Systems Technology to Achieve Monetary Status

January 13, 2023

Sensory Immersion Takes Over: Touch and Smell Set to Revolutionize the Metaverse at CES 2023

January 13, 2023

Kraken Announces FLR Token Distribution via Email: Details Inside

January 13, 2023

Hive’s Power Play Pays Off: Earns Equivalent of 184 BTC by Curbing Energy Use in December

January 13, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Advertisement
Top Posts

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Advertisement
Demo

Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Top Insights

Bitcoin’s Next Step: Integration with New Social Systems Technology to Achieve Monetary Status

January 13, 2023

Sensory Immersion Takes Over: Touch and Smell Set to Revolutionize the Metaverse at CES 2023

January 13, 2023

Kraken Announces FLR Token Distribution via Email: Details Inside

January 13, 2023
IMPORTANT LINKS
  • DMCA
  • Editorial Policy
  • Fact-Checking Policy
  • About Us
  • Bitnews Home
  • Contact Us
  • Disclaimer
  • Our Team
  • Privacy Policy
  • Terms & Conditions
  • Write For Us

Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest YouTube
Top Insights

Bitcoin’s Next Step: Integration with New Social Systems Technology to Achieve Monetary Status

January 13, 2023

Sensory Immersion Takes Over: Touch and Smell Set to Revolutionize the Metaverse at CES 2023

January 13, 2023

Kraken Announces FLR Token Distribution via Email: Details Inside

January 13, 2023
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Welcome to BitNewsToday, where we bring you the latest updates and insights on the world of digital currencies. Whether you’re a seasoned crypto trader or just starting to learn about this exciting and rapidly-evolving industry, we’ve got you covered.

Top Insights

Bitcoin’s Next Step: Integration with New Social Systems Technology to Achieve Monetary Status

January 13, 2023

Sensory Immersion Takes Over: Touch and Smell Set to Revolutionize the Metaverse at CES 2023

January 13, 2023

Kraken Announces FLR Token Distribution via Email: Details Inside

January 13, 2023
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Instagram Pinterest LinkedIn
  • Home
  • About Us
  • Disclaimer
  • DMCA
  • Editorial Policy
  • Fact-Checking Policy
  • Our Team
  • Privacy Policy
  • Terms & Conditions
  • Write For Us
© 2023 BitNewsToday

Type above and press Enter to search. Press Esc to cancel.