Major Ethereum (ETH) Competitor Makes Cosmic Leap As Metaverse Tokens ApeCoin, Flow, and Axie Infinity Rally

Ethereum (ETH)-competitor Cosmos (ATOM) is surging as the crypto markets spark a comeback led by the leading 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 6th to $16.54, a staggering 41.7% increase.

ATOM has since stabilized and is changing hands for $16.09 at time of writing, a 21% increase during the last day. Metaverse tokens are also riding the rising crypto wave as ApeCoin (APE), the native token of the Bored Ape Yacht Club community, surged nearly 15% on the day.

APE rose from a week-low of $4.21 on September 6th to a peak of $5.26, a 25% increase. APE has since dipped and is moving for $5.10 at time of writing.

Another coin on the rise is smart contract platform Flow (FLOW), which last month announced a partnership with social media giant Meta to bring non-fungible tokens (NFTs) over to photo-sharing platform Instagram.

Flow too rose from its week-low of $1.75 set on September 6th to a peak of $2.15, a 23% increase.

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

Gaming altcoin Axie Infinity (AXS) is also rallying as it saw a 7.3% increase during the last 24 hours. AXS is trading for $14.89 at time of writing. Though the token is seeing green, it has crashed a whopping 80% from its 2022 high of $71.44 set in March.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/klyaksun/WindAwake