ApeCoin (APE) is now accepted in some of the US stores

ApeCoin APE, a criptocurrency created by Yuga Labs and adopted as the native token of Bored Ape Yacht Club BAYC, was the topic of much discussion in the first quarter of 2022.

Since the ApeCoin DAO was established in April 2021, the BAYC has consistently ranked among the top non-fungible token NFT collections with a thriving community.

Gucci announced yesterday that some of its US stores would accept ApeCoin as payment. APE will be accepted for in store transactions using BitPay, a BitBTC and cryptocurrencies payment service provider in the Italian high-end luxury apparel house's boutiques in the US.

In a post a few days ago, Gucci wrote, Now accepting ApeCoin payments via BitPay, select Gucci boutiques in the USA expand the range of cryptocurrencies available for in-store purchases, another step in the House's exploration of Web 3. The news has led to the latest Bored Ape Yacht Club NFT collection surge. The price of ApeCoin is above a key support area, despite growing bearish sentiments in the market.

The ambitions to penetrate the Web 3.0 space has allowed ApeCoin to demonstrate its true development potential as an NFT asset.

The general upswing in the criptocurrency industry was one of the factors that led to a surge in ApeCoin. The investors hope that ApeCoin crosses the US $10 threshold as soon as possible.

According to CoinMarketCap, the price of Ape coin was $7.25 at the time of writing.

It might take a while before ApeCoin reaches the $10 threshold, given the volatility of the criptocurrency market.

According to experts, ApeCoin's price would increase its market value by 50 per cent. They believe that the growing popularity of cryptocurrencies will serve as one of the main drivers of their market value.

ApeCoin and BAYC's creators are gaining ground in the decentralised market. Some of the biggest ones are available and the possibility of them being bullish is something that could be overthrowed by the coin.