As cryptocurrencies are gaining more and more investors, crypto enthusiasts are witnessing bizarre and ridiculous trends every day. Recently there was a swing in tokens such as Shiba inu and Squid Game.
Lesser known crypto jump to ATH.
The latest entry to this area is the lesser-known cryptocurrency KokoSwap, which saw an ATH of 76,200 % rise in just a single day. As shown by leading exchanges. It jumped $7.63 from $0.009999 within 24 hours. It showed declined to $5.85 on the same day.
The KokoSwap staking platform is undergoing a “game changing” migration as it switches from Ethereum to Binance Smart Chain. This migration allows more users to sign in and gives more access to a large community of gamers in the Binance ecosystem.
As the popularity of play-to-earn games has risen rapidly recently, staking has become the new trend for gamers to monetize tokens. In the last few months, the craze for NFT and blockchain-based games has shot up exponentially. A new wave of crypto adoption has begun in the gaming community due to its benefits. KokoSwap is a one-of-a-kind platform that encapsulates decentralized NFT gaming, an invite-only celebrity NFT marketplace and robust staking.
Why is KokoSwap migrating?
Ethereum as a blockchain has been one of the most popular and top-notch platforms, but it has congestion issues and high gas fees that have caused a gradual shift away from the network. Not only KokoSwap, but a number of projects are also seeking alternatives to the Ethereum blockchain owing to its slow transaction speed and high charges.