3 Reasons Why Aavegotchi (GHST) Price Has Reached The New ATH | Bitcoin magazine

The NFT sector took the world by storm in 2021 as crypto and company influencers, globally acknowledged companies, and distinguished sports activities groups embrace the digital gathering pattern.

After a short sell-off that coincided with a market-wide hunch that started in May, the NFT sector has rebounded as collectibles reminiscent of CryptoPunks, Pudgy Penguins and Bored Ape Yacht Club (BAYC) promote at document costs.

One undertaking that has benefited from the current bull market is Aavegotchi (GHST), a DeFi-focused NFT ecosystem that runs on the Aave protocol.

Data from TradingView reveals that GHST price has risen 202% since hitting $ 0.896 on June 22, to a brand new all-time excessive (ATH) of $ 2.74 on August 13.

4h body GHST price desk | Source: TradingView

The three causes for GHST’s bullish efficiency embrace the joy concerning the upcoming launch of Portal Haunt 2, the chance to earn revenue from the sale of bundled objects (wearables) and Gotchi’s, and the introduction of latest mini-games to draw new customers.

Launch of Portal Haunt 2

The greatest growth of the Aavegotchi neighborhood not too long ago was the announcement of the second “Haunt”, which is able to happen from August twenty sixth to twenty ninth.

???????? IT HAS BEGUN, FRENS !! ????????

Haunt 2 DATES CONFIRMED ✨????✨

August 26 at 2:00 p.m. UTC – August 29 at 2:00 p.m. UTC

This weblog will let you know every thing it is advisable know#Aavegotchi #BidToEarn #GotchiGang #NFT $ GHSThttps://t.co/Rnk11fdfFQ“

– Aavegotchi ???? HAUNT 2 AUG 26-29 (@aavegotchi) August 11, 2021

“It has started, FRENS!

Haunt 2 confirmed. 9:00 pm on August 26th to 9:00 pm on August 29th (Synthetic Team time) ”.

In Aavegotchi, Haunts are the only chance to acquire the newly released Gotchis, ecosystem pawns, and they are summoned through the “portals” assigned in Haunts.

As the name suggests, Haunt 2 is the second open port for the Aavegotchi ecosystem and will introduce 15,000 new gotchis into the protocol. 12,000 are available via the bid-to-earn auction and 3,000 via the lottery.

All bids are made using GHST tokens and lottery tickets can be purchased using FRENS, a digital asset earned as a reward for putting GHST on the Aavegotchi protocol.

Vendors collect GHST to buy / sell gotchis and related items

The second reason for GHST’s growing strength is the income opportunities created by participants’ interaction with the platform.

As mentioned earlier, only one has published Haunt Portals that can summon Gotchis, and so far 6,992 out of 10,000 portals have been confirmed. Latest statistics shows 425 gotchis died, that means 6,567 gotchis nonetheless exist.

Raffles give customers the prospect to win “normal” to “beautiful” attachments that can be utilized as equipment to extend the worth of Gotchi’s.

Due to the rarity of Gotchis and its related merchandise, some customers have tried to get a major return on funding by promoting them within the secondary markets.

.@aavegotchi How to spend money on a profitable undertaking with a fantastic crew, have enjoyable with it and profit from it ????❤️

whole price
Portal: 100 GHST (~ 130 $)
Wearables: 930 GHST (~ $ 1209)
———-
Sold for 30,000 GHST (~ $ 57,000) pic.twitter.com/96vOHu0kJK

– herin.eth (@herinkc) August 12, 2021

“How to invest in a successful project with a great team, how to have fun and benefit from it

Total cost:

• Gateway: 100 GHST (~ 130 $)
• Included Item: 930 GHST (~ $ 1,209)
• Sold for 30,000 GHST (~ $ 57,000) ”.

Now as new ways to get low-cost portals and free items through the lottery – both of which require GHST – are approaching, the demand for GHST is likely to keep rising until Haunt 2 is complete.

With that in mind, it’s also important to be careful as Haunt 2 has the potential to become a buy the rumor, sell the truth type event and this could lead to a drop in demand for GHST. In many cases, after the actual product distribution or hard fork upgrade is complete, the price of altcoins has fallen.

NFT summer brings more motivation

The third reason the GHST is moving higher is the overall performance of the NFT over the past few months, leading many to call it “NFT Summer”.

OpenSea is well on its way to $ 1 billion in trading volume this month

This is what NFT Summer looks like pic.twitter.com/mgTTD4XtiR

– LilMoonLambo (@LilMoonLambo) August 11, 2021

(*3*) | Subscribe to telegram channel | Follow the Facebook page