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.
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.
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.
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
According to Dailyhodl