Major Ethereum (ETH) Competitor Makes Cosmic Leap As Metaverse Tokens ApeCoin, Flow, and Axie Infinity Rally
Ethereum (ETH)-competitor Cosmos (ATOM) is surging because the crypto markets spark a comeback led by the main digital asset Bitcoin (BTC) and a handful of metaverse tokens.
Cosmos, which is a layer-1 blockchain, rose from a seven-day low of $11.67 on September sixth to $16.54, a staggering 41.7% enhance.
ATOM has since stabilized and is altering palms for $16.09 at time of writing, a 21% enhance over the past day. Metaverse tokens are additionally using the rising crypto wave as ApeCoin (APE), the native token of the Bored Ape Yacht Membership group, surged practically 15% on the day.
APE rose from a week-low of $4.21 on September sixth to a peak of $5.26, a 25% enhance. APE has since dipped and is transferring for $5.10 at time of writing.
One other coin on the rise is sensible contract platform Flow (FLOW), which final month introduced a partnership with social media large Meta to deliver non-fungible tokens (NFTs) over to photo-sharing platform Instagram.
Flow too rose from its week-low of $1.75 set on September sixth to a peak of $2.15, a 23% enhance.
The Ethereum challenger has barely decreased and is now valued at $2.13.
Gaming altcoin Axie Infinity (AXS) can also be rallying because it noticed a 7.3% enhance over the past 24 hours. AXS is buying and selling for $14.89 at time of writing. Although the token is seeing inexperienced, it has crashed a whopping 80% from its 2022 excessive of $71.44 set in March.
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