Apecoin might soon emerge as the NFT crypto king as its price keeps surging after Gucci’s adoption
Apecoin is the crypto that represents the Bored Ape Yacht Club NFT collection. Its latest surge comes after the global high-end fashion brand Gucci’s announcement to adopt Apecoin payments for in-store purchases in the US. Apparently, Gucci became the first brand to accept APE as a payment option in its US stores. It would enable customers to make crypto payments by scanning a QR code with a crypto wallet via BitPay. The company has not yet detailed the reason behind choosing APE but definitely commented that the move is a step toward the company’s attempts to explore the Web3 domain.
Currently, the Apecoin price continues to hold above a crucial support range amid growing bearish sentiments in the crypto market, but Gucci’s attempts to venture into the Web 3.0 domain have enabled Apecoin to demonstrate its true growth potential as an NFT crypto asset. The widespread upswing in the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...