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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 last day. Metaverse tokens are additionally using the rising crypto wave as ApeCoin (APE), the native token of the Bored Ape Yacht Membership group, surged almost 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 shifting for $5.10 at time of writing.

One other coin on the rise is sensible contract platform Movement (FLOW), which final month introduced a partnership with social media large Meta to convey non-fungible tokens (NFTs) over to photo-sharing platform Instagram.

Movement 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 last 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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Disclaimer: Opinions expressed at The Day by day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal danger, and any loses it’s possible you’ll incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please notice that The Day by day Hodl participates in affiliate internet marketing.

Featured Picture: Shutterstock/klyaksun/WindAwake



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