Three of the leading crypto exchanges are adding a litany of new coins to trade, sending prices on a volatile roller coaster ride.
In a new announcement, Binance says they are listing Metaverse Altcoin Highstreet (HIGH) for open trading.
According to Binance Research,
“Highstreet is an open world metaverse that includes shopping, gaming and NFTs [non-fungible tokens], traditional and crypto brands in one MMORPG [massively multiplayer online role-playing game] Game.
Users can play to earn by completing quests, attending social events, engaging with players, buying NFTs from real brands. “
Highstreet’s native governance and utility token, HIGH, has seen ups and downs since it was announced. The listing saw the value of HIGH rise from $ 23.99 to an all-time high (ATH) of $ 38.42 in just a few hours, an increase of 60%.
However, HIGH has corrected sharply since then and is currently trading at $ 19.66, a 48% decrease from HIGH’s ATH.
Similarly, Singapore-based exchange Crypto.com announced support for the game studio and NFT marketplace platform Vulcan Forged PYR (PYR). According to the announcement,
“Vulcan Forged is a blockchain game studio and NFT marketplace. Its utility token PYR is an ERC-20 token that incurs almost no gas fees.
PYR is primarily used as a currency in the Vulcan Forged marketplace. Vulcan Forged aims to revolutionize the play-to-earn concept in gaming, where PYR can be earned just by playing the studio’s many DApps.
PYR powers the entire Vulcan Forged DApp ecosystem and can be used as settlement, staking and gaming utility tokens. “
PYR has ridden the ups and downs of price volatility since the announcement.
First, the price of PYR rose 6.9% from $ 20.56 to $ 21.97 before falling 4.5% to $ 20.98.
From then on, the price of the altcoin rose again 3.9% to $ 21.80 before falling 5.6% to $ 20.56. PYR has since leveled off and is currently trading at $ 21.43, down 5% over the past 24 hours.
Eventually, the leading U.S. exchange Kraken got involved in the altcoin promotion, adding popular Ethereum competitor Terra (LUNA) for open trading. According to a blog post by Kraken, the Layer 1 smart contract platform,
“… is a protocol for algorithmic stablecoins that aims to rebuild old financial lines in a decentralized environment.
It combines the price stability of fiat currencies with the censorship resistance of cryptocurrencies to offer fast and affordable billing. “
LUNA has seen positive price action since Kraken was announced, up 9.2% from $ 61.64 to $ 67.32 in just a few hours. LUNA is currently trading at $ 67.32, up 2% over the past 24 hours.
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Featured image: Shutterstock / Tithi Luadthong