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Altcoin

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% improve.

ATOM has since stabilized and is altering palms for $16.09 at time of writing, a 21% improve over the last day. Metaverse tokens are additionally driving the rising crypto wave as ApeCoin (APE), the native token of the Bored Ape Yacht Club 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% improve. APE has since dipped and is transferring for $5.10 at time of writing.

Another coin on the rise is sensible contract platform Flow (FLOW), which final month introduced a partnership with social media big 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% improve.

The Ethereum challenger has barely decreased and is now valued at $2.13.

Gaming altcoin Axie Infinity (AXS) can be rallying because it noticed a 7.3% improve over the last 24 hours. AXS is buying and selling for $14.89 at time of writing. Though 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 Daily Hodl aren’t funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any loses you might incur are your duty. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please notice that The Daily Hodl participates in affiliate marketing online.

Featured Image: Shutterstock/klyaksun/WindAwake

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