Three emerging altcoin projects explode as Bitcoin, Ethereum, and the entire crypto market show signs of strengthening.
Axie (AXS), the governance token for the blockchain game Axie Infinity, soars after hitting a seven-day low of $ 58.93.
The token rose to a new all-time high of $ 120.91, which is a 105% increase in just one week. It has since declined and is currently trading at $ 114.
Source: TradingView
Another up and coming altcoin is WOO, the utility token of Woo Network’s centralized and decentralized financial products. It rebounded over 126% in seven days, from a low of $ 0.46 to a high of $ 1.04.
Source: TradingView
The increase in value of WOO is accompanied by a significant growth in the volume of transactions in the Woo network.
“All eyes were on woo.org which, at its peak, had an incredible $ 2.5 billion in revenue in 24 hours – breaking all previous records and doubling all previous records.
This impressive number is mainly due to a liquidity partnership with dYdX Protocol, in which the parent company of WOO Network, Kronos Research, is an important market maker on the platform, secures itself via WOO Network and delivers impressive volumes. “
The third rising altcoin this week is RARI, the NFT Rarible market’s native asset.
RARI rose from a seven-day low of $ 12.04 to a high of $ 19.6, up more than 30% in 24 hours and 59% in one week.
Source: TradingView
According to DappRadar, Rarible is currently the eighth largest NFT market by daily active traders.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Annie
According to Dailyhodl
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire
Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…
As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…
With the crypto market reaching new peaks, many are eager to discover digital currencies poised…
XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…
Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…
This website uses cookies.