Three Altcoins Skyrocket Like Bitcoin, Ethereum and Crypto Markets Bounce Again
There are three cryptocurrency start-ups that are growing very rapidly with signs of strength emerging on Bitcoin, Ethereum, and the entire cryptocurrency markets.
Axie (AXS), the governance token for the blockchain-based game Axie Infinity, is rising after hitting a seven-day low at $58.93, according to CoinGecko.
AXS rose to a new all-time high of $120.91, posting a 105% rise in just one week.
The crypto asset has since given up some of its gains and is now trading at $112.85.
Another emerging altcoin is WOO, the utility token for the central finance and decentralized finance products of the Woo Network.
cipher origin the flower It rose more than 126% in seven days, from $0.46 to $1.04.
High value of WOO coincide With the huge growth of Woo Network in terms of trading volume.
All eyes were on the table at woo.org, which at its peak recorded a staggering $2.5 billion in 24 hours – breaking all previous records and doubling in less than 24 hours.
These huge volumes are in large part due to the liquidity partnership with the dYdX protocol, where the parent company of WOO Network, Kronos Research, is a major market maker on the platform, hedging through the WOO network and bringing in massive volumes.”
After the rally, WOO is trading below an all-time high of $1.38.
The third rallying cryptocurrency this week is RARI, the original asset of the non-fungible (NFT) digital currency market Rarible.
CoinGecko shows that RARI rose from a seven-day low of $12.04 to $19.15, Represent An increase of 59% in one week.
Rarible is now the eighth largest NFT market by number of active daily traders, according to DappRadar.
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