ApeCoin, BAYC NFTs Fall as Yuga Sets HV-MTL Rift Launch Date
- Yuga Labs announces a new date for the HV-MTL: Rift game.
- Memecoin ApeCoin (APE) slipped further by 42% in a month.
- Web3 players can win $APE in the HV-MTL metaverse game.
Altcoins on Ethereum are sailing through the hardships of crypto winter as the U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler prepares his testimony to prove jurisdiction over alternative cryptocurrencies.
The rough headwinds throughout the month had touched other popular memecoins like Shiba Inu (SHIB) and Dogecoin (DOGE), as well as highly reputable Layer-2s like Arbitrum (ARB) and Polygon (MATIC). Among the hardest hit are ApeCoinDAO’s and the Bored Ape Yacht Club’s native ApeCoin (APE) , which slipped an eye-watering 42% in the last 30 days.
On top of that, ApeCoin just hit a new all-time low , as the utility in metaverse gaming seems to hardly reflect on APE’s price. Previously supported by large Ethereum whales like Machi Big Brother and the vast community of Bored Ape gamers using $APE for in-game purchases, APE fell to a new low of $1.13 on 11 September 2023.
APE is changing hands at $1.16 at press time, slightly bouncing back from the freshly touched all-time low. On the other hand, the associated Bored Apes Yacht Club’s NFT price floor has also rebounded from simultaneous all-time lows of 21.99 to 26 Ether (ETH), but that’s still a far cry from its past glory.
Yuga Labs Sets The Rift on HV-MTL Launch Date
To stay ahead of the game, the Web3 giant Yuga Labs announced the launch of The Rift on HV-MTL Forge: The Hunt, which will begin on September 14, 2023. The game invites the Bored Ape community to forge HV-MTL machines to fight in duels and win prizes.
The Rift’s characters will be free to explore the 4th season of the HV-MTL with their Mechs and collect resources in a wide amplitude of biomes. Yuga Labs shared a sneak peek of the Mech battle arena on Twitter, revealing that The Hunt will be centered around preparation to meet the Final Boss.
Getting through the Rift into the next phase of the HV-MTL RPG metaverse game will not come easy, as “players will need to build out their HV-Homes to the point that they can see the ‘Rift’ on their board.” Blockchain players will look for forging combinations to achieve this, and the dedicated HV-MTL NFT collection will be useful.
Despite the launch of the highly-anticipated HV-MTL: The Rift, the associated NFT collection’s floor price was cut in half from 0.81 on August 17th, 2023, to just 0.43 ETH now, according to CoinGecko.
On the Flipside
- RPG metaverse game HV-MTL Forge: The Hunt was previously postponed due to technical difficulties.
- Delays from the original release date of September 7th, 2023, resulted in a 12% weekly dip for HV-MTL NFTs.
- The game-affiliated ApeCoin’s concentration on-chain signal is bullish, signifying increasing whale positions.
Why This Matters
Yuga Labs is among the Web leaders, valued at $4 billion at the company’s peak in 2021.
Explore DailyCoin’s trending crypto news:
Gary Gensler Slams Crypto Yet Again as Senate Hearing Looms
<a href="https://www.bitget.com/calculator/bitcoin-to-usd" https: www.bitget.com spot BTCUSDT">BTCUSDT">Short Bitcoin Funds Favored as Grayscale ETF Hype Fades
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tech giants bounce back after AI disruption, S&P 500 nears record high
Share link:In this post: Last week, the largest tech firms in the US experienced huge challenges from Chinese AI, DeepSeek. Apple and Meta reported positive results, boosting the S&P 500. The Magnificent Seven’s price-to-earnings ratio is now 31.
OpenAI launches o3-Mini as it fights back against DeepSeek
Share link:In this post: OpenAI has launched its o3-Mini AI model to fight back against DeepSeek’s latest model. The company mentioned in its blog post that the o3-Mini is the most cost-efficient model in their reasoning series. DeepSeek’s breakthrough caused a $1 trillion tech selloff while putting pressure on AI chip makers.
Crypto robbers face 76 years in prison for kidnapping and assault
Share link:In this post: A group of crypto robbers have been sentenced to jail for several counts of kidnap, theft, and assault. The robbers kidnapped the victim, tied him, and assaulted him before stealing his stash of cryptocurrency. Police investigation uncovered the illicit activities that the criminals were carrying out before their arrest.
Purpose Investments files for the first-ever Ripple (XRP) ETF in Canada