ApeCoin’s had a rough path since the NFT market sank. Now, the community is turning APE into a Web3 gaming console.
Originally started as a meme coin on Ethereum (ETH), ApeCoin evolved into a full-fledged gaming cryptocurrency thanks to ApeChain. Split from the Web3 gaming heavyweight Yuga Labs, ApeCoin (APE) now serves as the centerpiece of the community-owned blockchain.
Naturally, ApeChain now hosts a selection of crypto gaming smash hits, including Dookey Dash: Unclogged, Legends Of The Mara, Otherside, Reboot, Serum City & Swamp Gaming. Next up, ApeChain is bound to introduce a Need For Speed-like racing game dubbed Streets Of New Tokyo.
Wheel Of Fate To Roll Out Daily ApeCoin Prizes
In the meantime, Apechain’s developers are inviting the Bored Ape Yacht Club (BAYC) community to have a spin at the Wheel Of Fate. The daily spin can bring miscellaneous kinds of crypto rewards, including some free ApeCoin (APE), rare-class non-fungible tokens (NFTs), game add-ons & tickets to ApeChain’s Las Vegas gathering in October, 2025.
Among the most popular Web3 games is Top Trader, a Derivatives crypto player simulation with up to 1,000x leverage. The sweepstakes are available solely on ApeChain, while the Wheel Of Fate utilizes Proof Of Play (POP), a verified random number generator, to determine winners in the fairest way possible.
Even though ApeCoin finished 2024 strong, nearly tackling $2, the primate-embossed meme coin plunged back to the major demand territory of $0.60. This puts ApeCoin’s (APE) price nearly at status quo in yearly terms, but the meme coin saw a 12.2% rebound since last month due to the activity uptick.
On The Flipside
* ApeCoin slumped nearly 98% since April, 2022, as the NFT market lost relevance and the once $4 billion-worth Yuga Labs went nearly bankrupt.
* The flagship NFT collection Bored Ape Yacht Club (BAYC) dipped over 92% in floor price, trading for approximately $12K instead of millions.
Why This Matters
ApeChain’s gaming system is gathering larger trading volumes than signature crypto gaming brands like Decentraland or The Sandbox, signaling a gaming shift from metaverse to meme coin communities.
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