While both are set for a big boom, APE has better prospects
ApeCoin is the leading Metaverse cryptocurrency today. However, the crypto bear market has caused its price to drop drastically.
Decentraland is one of the older Metaverse cryptocurrencies. While the demand is increasing, the correction in the market has affected it negatively.
While MANA and APE are likely to do well when the market bounces back, ApeCoin’s promotional advantage could make it outperform MANA.
Apcoin is the utility token for the entire APE ecosystem, including the highly popular bored app Yacht Club NFT. ApeCoin was one of the most popular cryptocurrencies in March/April 2022. In March, the promotional launch was fueled by excitement. Apcoin gained accelerated momentum in April following the launch of Otherside Metaverse. While the broader market correction has eased on APE for the better part of May, the level of community activity within the APE ecosystem continues to grow. This means APE has a bright future once the market rebounds.
Decentraland is a popular Metaverse cryptocurrency and has been around since 2017. Over the past two years, there has been a sharp increase in demand for its Metaverse land by retail players and institutional investors. This is an indicator that Decentraland will have a significant role in this as the metaverse gains traction, a factor that could help increase the value of the MANA token in the long run.
Which is better to buy?
ApeCoin and Decentraland are both good buys, especially now that the cryptocurrency market is very depressed. As the largest metaverse cryptocurrency in the market today, the odds favor their bounce back once the bulls return.
However, in terms of comparative advantage, the odds favor ApeCoin both in the short term and long term. This is all thanks to its association with Bored Ape Yacht Club, the hottest line of NFTs on the market today. Apart from the hype of bored app NFT, the app ecosystem has grown rapidly in a very short period of time. For example, it took only less than two months after the launch of Apcoin for the Otherside Metaverse to launch. There are several other milestones underway, all of which could play a positive role in APE’s price action in the future.
ApeCoin and Decentraland are both high-potential Metaverse cryptocurrencies to buy today. These two have the potential to make a strong rally once the crypto market turns bullish again. However, in terms of comparative advantage, there is strong hype in favor of ApeCoin. Since hype plays an important role in the cryptocurrency market, there is every reason to believe that Apcoin will beat Decentraland in profits.