The NFT madness continues! This altcoin has grown 150,000% over the past year by crypto pump and dump changes in telegram.
Due to the growing interest in cryptocurrency giveaways recently, blockchain-based gaming tokens have also started to gain popularity and attract the attention of investors. So much so that with the rise in popularity, some game tokens have grown incredibly with changes in crypto pump and dump in telegram channels. Among them is Axie Infinity (AXS), whose name SafeTrading team hear a lot lately.
↑ Axie Infinity is up 260% in the last month.
- Ethereum – On Axie Infinity’s proprietary blockchain cryptocurrency gaming platform, Axie Infinity Coin (AXS) has always managed to delight its investors with its high price increase since its launch.
- Axie Infinity Coin, which traded in the $ 27 range last month, is up about 260% this month and has managed to climb to $ 78. Along with this price point, AXS is one of the top performing cryptocurrencies this month.
As of this writing, Axie Infinity Coin (AXS) continues to trade at $ 78.74, down 3% in the past 24 hours, according to data from SafeTrading.
↑ AXS achieved a record growth of 150,000% in 1 year.
In November 2020, it began listing on Binance, the world’s largest cryptocurrency exchange in terms of trading volume, at $ 0.10. To date, it has reached an all-time high of $ 82 per day.
On the other hand, the cryptocurrency, which has shown incredible growth of almost 150,000% since its first day in the market, has become a widely discussed asset among investors thanks to this growth.
In addition, a total of 60,907,500.00 AXS are currently on the market. With a daily trading volume of $ 1.03 billion in the last 24 hours, CoinMarketCap ranks as the 35th largest cryptocurrency by market capitalization, according to changes in crypto pump and dump in telegram.
↑ What is Axie Infinity (AXS)?
- Axie Infinity is an Ethereum-based blockchain gaming platform where cryptocurrency meets gaming. Axie’s mission is to bring blockchain technology to the masses in a fun way.
- By playing games, users can earn an Axie Infinity Shard (AXS) token and another in-game token, Smooth Love Potion (SLP). Players breed, raise and battle Axies in this Pokémon-inspired universe to earn AXS.
- Like the CryptoKitties NFT collection, Axies are adorable digital pets and each one is unique. They are also tradable, non-tradable tokens (NFT).
New Cardano Record (ADA).
The popular cryptocurrency Cardano (ADA), the name of which we often hear lately, has set a new record to date. Cardano started rallying in the morning and broke through the $ 2.60 level.
Marking the last period with incredible fluctuations in cryptocurrency prices, Cardano continues its impressive movement: the ADA recorded an all-time high of more than $ 2.6.
After a sharp pullback below $ 49,000, Bitcoin rallied again and returned above $ 49,000. This upward movement of bitcoins brought about Cardano (ADA). So much so that this rise in ADA prices re-set all-time highs and a record high of $ 2.65 was recorded.
The popular cryptocurrency ADA reached the $ 2.5 level a few days ago, setting the previous high. Cardano, which has been building support in this range for a while, has updated its ATH to $ 2.60 with today’s boost.
In addition, Cardano’s own cryptocurrency ADA corrected its price on July 20, dropping below $ 1. Since then, the ADA has increased by about 160% – analyst of SafeTrading.
↑ How are things with other cryptocurrencies?
Other popular cryptocurrencies also ended the day with impressive profits. Ethereum broke above $ 3,300 again after a long time, but the price has dropped again and is currently trading below that level.
On the other hand, Binance Coin, which hit its highest level in the past three months, rising above $ 460, experienced a similar decline and fell to $ 455. Looking at the daily movements of other cryptocurrencies:
- Ripple (-1%);
- Dogecoin (-2.5%);
- Polkadot (-3%);
- Uniswap (-2%);
- Bitcoin Cash (-1%);
- Chainlink (-2% ) decreased.
On the other hand, Solana lost 5% after registering a new ATH yesterday.
↑ Cardano (ADA) Current Status
Cardano (ADA), the third largest cryptocurrency by market value, continues to trade at $ 2.61 with a trade volume of $ 5.5 billion in the last 24 hours at the time of writing.
The popular cryptocurrency is still trading 2% below its all-time high, despite surging 5% in the last 24 hours.
Will Avalanche (AVAX) see 3-digit numbers in price?
Recently, Avalanche (AVAX) has grown significantly in price and has become popular. DeFi and NFT concepts have spread through the creation of smart contracts on the Bitcoin and Ethereum blockchain networks.
The platform has made significant progress in value and acceptance. This happened because Ethereum, the most popular smart contract platform, suffered from high costs and inefficiencies.
According to data from Coinmarketcap, the AVAX rate rose more than 200%, from $ 12.45 on August 3 to $ 49 on August 20.
Reasons for the rise in prices for AVAX
The rapid growth of AVAX in the DeFi ecosystem is the main reason for its success. Thanks to the $ 180 million liquidity stimulus program announced via Twitter on August 18, the platform announced that it will allow new apps to be added to the DeFi ecosystem.
The bullish momentum in AVAX began with the July 29 launch of the Avalanche Bridge (AB). With this application, assets can be transferred between the Ethereum and Avalanche networks. Within two weeks of launch, over $ 100 million in tokens were exchanged between the two networks.
The success of AVAX is also due to its excellent burning method, which regularly reduces the supply of tokens. Given all these reasons, there is a general consensus that AVAX will continue its bull run and see three-digit numbers. Many cryptanalysts in the market put AVAX on a list of cryptocurrencies that add value to it. At the time of writing, AVAX is trading at $ 43.93.
