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    Home»News»Cryptocurrency»Klaytn Network experiences double-digit token price growth in recent hours

    Klaytn Network experiences double-digit token price growth in recent hours

    MatthewBy MatthewOctober 25, 2022No Comments2 Mins Read
    Klaytn Network experiences double-digit token price growth in recent hours
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    The KLAY token of the South Korean native blockchain network, Klaytn Network is the big winner of the day this Monday according to the data reflected by the Coinmarketcap price indicator.

    KLAY’s price has grown up to 22% in the last few hours to lead the Top Earners rankingwell above the MATIC token of the Polygon network focused on L2 scaling solutions.

    Klaytn is a public blockchain network launched in 2019 by the decentralized wing of Kakao, the largest mobile platform in South Korea. The network focuses on offering a standard for decentralized applications (dApps) focused on gaming, Web3 and the metaverse.

    Axie Infinity: The big loser of the day

    On the other hand, the market reference price indicator, Coinmarketcap places the AXS token of the popular play-to-earn game Axie Infinity as the big loser of the day at the time of writing this post.

    According to data from Coinmarketcap, the AXS token has dropped up to five percent in its price in the last few hoursto trade slightly below the band of nine dollars per token.

    Klaytn Network experiences double-digit token price growth in recent hours

    AXS is the governance token that powers the ecosystem of the P2E game Axie Infinity based on NFT pets launched by Sky Mavis in 2018.

    The game has been a pioneer in the GameFi movement and is, together with CryptoKitties, the great disruptors of the movement of blockchain games based on non-fungible tokens. that managed to become a means of livelihood for many users in emerging economies during the COVID-19 pandemic.

    The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information set forth herein should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.

    Keep reading:

    Read:  April 27 Price Analysis: BTC, ETH, BNB, XRP, SOL, LUNA, ADA, AVAX, DOGE, DOT

    Investments in crypto assets are not regulated. They may not be suitable for retail investors and the full amount invested may be lost. The services or products offered are not aimed at or accessible to investors in Spain.

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