- ApeCoin (APE)’s price is up 31% over the past week, with gains well beyond most major cryptocurrencies and tokens.
- Staking rewards will launch in December. Bored Ape and Mutant Ape NFT floor prices are also up 34% over the past week.
ApeCoin (APE), the Ethereum-based token created for the growing Bored Ape Yacht Club ecosystem, is outperforming most major cryptocurrencies during the last week. It’s now up 31% over the past seven days, with the increase coming ahead of the launch of ApeCoin staking rewards.
The token is currently priced at $4.15, per data from CoinGecko, and has rebounded since hitting an all-time low price of $2.63 on November 14 amid the fallout from the collapse of crypto exchange FTX. ApeCoin is up nearly 58% since that low.
On November 23, Horizen Labs announced updated launch details for ApeCoin staking, which will provide APE holders—as well as Bored Ape and Mutant Ape NFT owners—token rewards for staking their owned tokens. Horizen will launch the staking interface for users on December 5 ahead of rewards beginning on December 12.
(by Andrew Hayward)
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