ApeCoin may get rid of this market after voting on BAYC’s proposal begins

The ApeCoin [APE] The Decentralized Autonomous Organization (DAO) has taken steps to provide APE with energy NFT Market. As at the time of publication, it has been observed that voting has been properly initiated on all the proposals submitted before.

Remember that there were three proposals from three different entities centered around developing a market for it Bored Monkey Yacht Club [BAYC]. In the beginning it was Solana [SOL]The existing market, says Magic Eden step forward. Then another came from rare. Yuga Labs themselves have also brought something. Now that the voting has started, how has it been so far?

No to Solana? Yes why?

According to the current results, things did not go well for MagicEden suggestions. At the time of writing, the APE community has voted in large numbers against it. While 85.48% opposed it, only 14.52% voted in favor of the motion.

However, the proposal Snag . solutions He seems to have won the hearts of the APE community. The current results showed that about 99.73% of the APE community voted for the whitelisted NFT development company. It was not a close call as only 505 members voted against the motion, compared to 189,000 who supported the motion.

According to Yuga Labs / Otherside partnershipIt’s been a close fight so far. While 43.34% voted in favor, 56.66% opposed.

What about BAYC and APE?

With the vote, BAYC seemed to favor the downside. according to cryptoslamBAYC’s performance over the past 24 hours has been nothing to get excited about. Despite the trading volume of $956,045, BAYC lost the top and took the third place with a 24.64% decrease in volume.

RENGA and Sorare maintained solid positions across the group earning over $1 million in sales during the same time frame.

Source: CryptoQuant

As for the symbol of her rule, the APE, it looked like a “birds of the same feathers” stand. In addition to, CoinMarketCap It showed that APE is down 6.60% from the previous day’s value while trading at $4.76. More than that, the series’ data wasn’t impressive either.

according to feelingsThe APE volume has decreased from 351.25 million on September 15th to 315.48 million at the time of writing. Interestingly, the situation was not similar to one-day trading, which increased from 5.94 million to 7.14 million during the aforementioned period.

Source: feeling

Finally, it may be too early to write off MagicEden in the BAYC market race. With voting until September 22, the race can still open. Barring any change from the status quo, Snag Solutions may very well win.

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