A high level of excitement continues to surround all NFTs as non-dispensable art, digital collectibles, and new business models that have emerged in the emerging sector attract a wide range of investors.
In addition to creating lucrative secondary markets for NFT sales and auctions, projects that focus on NFT, DeFi, and cross-chain interoperability have also significantly upgraded their native tokens.
Three such projects are Axie Infinity (AXS), Icon (ICX) and Ark (ARK).
AXS / USDT
Axie Infinity is a blockchain-based fighting and trading game inspired by games such as Pokémon and Tamagotchi that allows players to catch, breed, train, fight, and use token-based creatures known as “Axies” act.
According to data provided by the project, the month of March was one of the fastest growing periods for the Axie community with more than 250,000 active users interacting with the protocol.
Data from Cointelegraph Markets and TradingView show that AXS price rose 515% last month, rising from a low of $ 1.27 on February 28 to a new all-time high of $ 7.33 on March 30th Start of Battle. v2 attracted new players and investors for the record.
According to Cointelegraph Markets Pro, market conditions have been favorable for AXS for some time.
The VORTECS ™ score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points such as market sentiment, trading volume, recent price movements and activity on Twitter.
As we can see in the graph above, the AXS VORTECS ™ Score has been green for some time and started rising on March 24th when it hit a high of 80 before falling to green levels. For sure. As the AXS price began to rise on March 25th, the VORTECS ™ score followed, peaking at 87 on March 28th, approximately 20 hours before the price rose 70% for the next two days.
ICX / USDT
Icon is a decentralized blockchain network that has focused on interoperability between chains by creating its network Blockchain transmission protocol (BTP).
The project released the latest update to the BTP on March 24, which kicked off the recent ICX price rally as investors anticipate increased activity once interoperability with the Bitcoin (BTC) network and Ethereum (ETH) kicks in.
After the initial surge after the update was released on March 24, ICX price fell again to a low of $ 1.69 on March 26, before rising 70% to a high of $ 2.88 on March 30 as the possibility of interoperability contributed to the increase in price acceptance of the token.
VORTECS ™ data from Cointelegraph Markets Pro showed an optimistic outlook for ICX on March 24, ahead of the recent price rally.
As can be seen in the graph above, ICX’s VORTECS ™ score skyrocketed on March 24th, peaking at 69 on March 25th, approximately 5 hours before the price rose 70% for the next five days.
ARK / USDT
Ark is a blockchain and cryptocurrency development platform that provides solutions that allow anyone to create their own fully customizable and interoperable blockchain.
Excitement about the project grew recently thanks to the launch of the upcoming beta of MarketSquare, a social platform that allows users to discover and connect with projects powered by blockchain, businesses, applications, node operators and more. “
A look at MarketSquare and Ark’s Twitter accounts reveals a number of key partnerships for the future market, including integrations with Axie Infinity, Now Payments and Uphold.
Ark is up 200% since hitting a low of $ 1.15 on February 28 and a high of $ 3.50 on March 30. This is the highest level in almost three years.
VORTECS ™ data from Cointelegraph Markets Pro showed an optimistic outlook for ARK on March 24 ahead of the recent price hike.
As can be seen from the graph above, ARK’s VORTECS ™ score went green for the first time on March 24th, peaking at 75 before turning yellow again. The score ranged from yellow to green for the next two days before hitting a high of 70 on March 26, about 24 hours before the price rose 100% over the next three days.
Recent events such as the ability for U.S. citizens to pay with Bitcoin through PayPal and the introduction of BTC microfutures by the Chicago Mercantile Exchange (CME) indicate that the adoption of cryptocurrencies by the general population has only just begun.
Projects focused on interoperability and NFTs are in a great position to capitalize on the future growth of the crypto ecosystem.
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