• Three altcoins skyrocket as the Bitcoin, Ethereum, and cryptocurrency markets recover

  • Three new altcoin projects are taking off as Bitcoin, Ethereum, and the entire cryptocurrency market show signs of strength.

    According to CoinGecko, Axie (AXS), the governance token for the blockchain-based game Axie Infinity, is soaring after hitting a seven-day low of $58.93.

    These impressive volumes were largely the result of a liquidity partnership with dYdX Protocol, in which WOO Network’s parent company, Kronos Research, is a key market maker on the platform, hedging through WOO Network and bringing in impressive volumes.”

    WOO is now trading below its all-time high of $1.38, despite the surge.

    RARI, the native asset of the non-fungible token (NFT) marketplace Rarible, is the third rising altcoin this week.

    According to CoinGecko, RARI increased by 59 percent in one week, from a seven-day low of $12.04 to a high of $19.15.

    According to DappRadar, Rarible is now the eighth-largest NFT marketplace in terms of daily active traders.

    AXS surged to a new all-time high of $120.91, marking a 105% rise in just one week.

    Since then, the cryptocurrency has given up some of its gains and is now trading at $112.85.

    WOO, the utility token of Woo Network’s centralized and decentralized finance products, is another rising altcoin.

    The cryptocurrency has risen more than 126 percent in seven days, from a low of $0.46 to a high of $1.04.

    WOO’s rise in value corresponds with Woo Network’s significant increase in trading volume.

    “All eyes were on the woo.org counter, which at its peak recorded a staggering $2.5 Billion 24-hour volume — smashing all previous records and doubling in less than 24 hours.

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