ApeCoin Growing by Leaps And Bounds: Time Magazine Announces its Acceptance

One of the most prominent names among the news journals, Time magazine has recently announced about accepting ApeCoin for its digital subscription.

Last week, ApeCoin DAO released BAYC’s native token ApeCoin (APE), which has gained significant popularity soon after its launch.

The token is currently trading at $10.72, bearish by around 7% in the last twenty-four hours.

ApeCoin, the recently launched Ethereum based token, has gained significant popularity quickly. And now Time Magazine has announced that it would start accepting the ApeCoin.

The prominent publication earlier in April facilitated digital subscribers by accepting payments via the crowned cryptocurrency Bitcoin (BTC) and others like Ethereum (ETH), XRP (XRP), and Dogecoin (DOGE).

ApeCoin was launched recently last week by ApeCoin DAO, a decentralized autonomous organization that is officially affiliated with the BAYC franchise. This token facilitates its holders to participate in the governance of ApeCoin DAO and offers them an open and shared currency that can be utilized without decentralized agents.

Time magazine auctioned some of its most historical covers as Non-fungible tokens (NFTs) almost a year ago. Furthermore, it also agreed to hold Bitcoin (BTC) on its balance sheet following its collaboration with Grayscale, a subsidiary of Digital Currency Group.

In December last year, this around 100 years old journal called Dogecoin supporter Elon Musk its person of the year. Earlier in the week, it also published its first issue as an NFT.

ApeCoin has become a topic of discussion lately, and it was airdropped to the owners of Bored Ape Yacht Club on its launch day. It has already started trading on popular cryptocurrency exchanges like Binance and Coinbase.

If we talk about the ApeCoin DAO’s Board, it consists of several famous names from the crypto sector like Reddit co-founder Alexis Ohanian and FTX’s Army Wu. Both of whom would serve for a period of six months, and then the token’s holders would elect new members for one year term.

At the time of writing, the token is trading at $10.72 with a market cap of $2,975,173,040. This cryptocurrency currently stands at the forty-fifth position by market cap. The token witnessed its All-Time High when it surged to $39.40 on March 17.

Animoca Brands, the creators of the significant metaverse The Sandbox, also announced via their Twitter account that their mobile game Benji Game is going Plat to Earn (P2E) with the adoption of the token ApeCoin.

It is to look forward to how this newly emerged coin would further gain popularity and if any entities would additionally adopt it.