According to CoinMarketCap, ApeCoin’s price is up over 30% today, peaking at $15.80 and surpassing Decentraland as the highest-valued Metaverse token. With a current market cap of $4.3 billion, there’s no apparent reason for this recent price hike. Some speculate the recent bullish momentum is due to the Coinbase announcement about an upcoming interactive three-part film based on the Bored Ape Yacht Club and ApeCoin communities.