Metaverse coins and projects continue to see significant price increases. The biggest gain of January 17 was Avaxtars Token (AVXT), which is currently trading at $18.44, up over 130%. In this post, let’s take a look at Avaxtars and see why the rise is due.
What is Avaxtars Token (AVXT)?
Released in October 2021, AVXT is the native cryptocurrency of the play-to-play metaverse game Avaxtars built on Avalanche’s C-Chain. Avaxtars are NFT-based and every component of the game can be “tokenized” and operates on the Avalanche Blockchain. Each Avaxtar is created digitally and recorded as the unique ERC-721 NFT of the Avalanche network. The game also features a Personal Avaxtar Generator (PAGM) that can analyze the Digital Genetic Code (DGC) of NFTs and create new 2nd Generation Avaxtars. The project calls this process Avaxtar Farming, which allows users to earn new Avaxtars and AVXT tokens.
- To start playing, he needs to purchase an Avaxtar (AVXT). First-Gen and Second-Gen Avaxtars are affordable and cost between $5 and $15.
cryptocoin.com You can reach the metaverse guides that we have prepared as part-1, part-2 here.
Why is the price of the Metaverse coin project rising?
Today, Avaxtars announced their partnership with Kaira Network, the first social network on the Avalanche network. Users can now connect their Avaxtar NFTs to the Kaira Network platform, earn Kaira tokens while creating content and socializing. While the partnership helped give the project an upward momentum, one of the main reasons for Avaxtars’ recent price increase is that it has a genuine working product with a growing ecosystem.
The chart below shows the AVXT token’s status over the past week. The Metaverse coin has a market cap of $2.8 million at the time of writing, with a supply of 156.8k units. AVXT is listed on the following exchanges:
- pangolin
- TraderJoe
- MEXC
- YetiSwap
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