LATOKEN Review: 4 Tokens that Have Skyrocketed by More Than 1.5 times in a Week
In today’s LATOKEN review, we will take a look at four tokens listed on LATOKEN that have seen skyrocketing gains over the past seven days. These tokens are Ravencoin, Axie Infinity, XRP, and Solana.
Over the past week, four tokens listed on LATOKEN have risen in price by more than 50%. It happened against the background of the growth of bitcoin to $48 thousand per coin for the first time since mid-May. On August 12, cryptocurrency market capitalization exceeded $2 trillion. It also happened for the first time since mid-May, when the indicator peaked at $2,55 trillion. So what happened to these tokens? Read our LATOKEN review!
Ravencoin (RVN) Review
Ravencoin price increased by 88% over the week. The token reached $0,17. As of August 16, the digital coin is trading at $0,14973. The token capitalization has exceeded $1,4 billion, according to CoinGecko. Over the month, the cost of Ravencoin has increased by 176%.
Ravencoin is a peer-to-peer network for creating and exchanging tokenized assets. In January 2018, it was introduced by a group of developers led by a programmer under the nickname Tron Black and the Bitcoin Foundation’s managing director, Bruce Fenton.
What is Axie Infinity? AXS: LATOKEN Review
The price of the Axie Infinity token increased by 72% over the week. As a result, the price of the digital coin reached $74. As of August 16, the token is trading at $69. The capitalization of Axie Infinity approached $4 billion. Over the month, the cryptocurrency has risen in price by 229%.
Axie Infinity is an Ethereum NFT collectible game in which users breed virtual creatures. It is currently the most expensive NFT collection, with sales of over $42 million in June 2021.
What to know about Ripple (XRP)?
The XRP token price has risen 70% over the past seven days. As a result, the value of a digital coin reached $1,34 for the first time since May 19. As of August 16, the XRP token is trading at $1,28557, and its capitalization is $59,6 billion.
XRP is the internal token of the RippleNet blockchain that allows banks to make cross-border money transfers almost instantly and at a minimal cost.
Ripple is currently being litigated in the US. In late 2020, the Securities and Exchange Commission (SEC) accused the company of selling $1,3 billion in unregistered securities in the guise of XRP tokens.
What is Solana? SOL: LATOKEN Review
Over the week, the cost of the Solana token has grown by 63%. The digital coin renewed its all-time high at $61,5 on August 16. The capitalization of the Solana token has exceeded $17 billion, according to CoinGecko. The token took tenth place in the ranking of the largest cryptocurrencies in terms of capitalization.
Solana (SOL) is all about impressive speeds and a burgeoning DApp ecosystem. It claims a maximum throughput of more than 50,000 TPS and block times as low as 400 ms.
The project aims to create a highly scalable, secure, and decentralized platform that can support potentially thousands of nodes without sacrificing throughput, helping to avoid some of the problems competing systems face.
By the way, if you want to find out more about Solana, you can read our other LATOKEN review.
If you want to learn more about different tokens listed on LATOKEN, crypto projects through LATOKEN Review, and tips on how to avoid becoming a victim of a crypto scam, follow us on Medium, LATOKEN Blog, or LATOKEN VCTV channels.
LATOKEN is a fast-paced international crypto exchange and IEO platform with 1.3+ million users throughout the world.
LATOKEN brings commerce and banking to blockchain technology to automate transaction processing and save billions of working hours per year. Only one year after its launch, LATOKEN got 850,000+ downloads on Google Play and 1,200,000+ subscribers on social networks. Entrepreneurs and business owners who look for funding can also consider the LATOKEN IEO Launchpad. More than 300 digital assets and 500 crypto pairs are available for traders with the ability to connect using RESTful APIs or WebSocket.
What is more, LATOKEN has recently launched a P2P service for its users to improve the trader experience further. And the cherry on top, LATOKEN hosted the Blockchain Economic Forum last year. BEF Roadshows connect crypto investors with business people to build the next big things.
LATOKEN is an international cryptocurrency exchange and IEO platform with over 1.3 million users across the world.
LATOKEN does not provide investment, tax, legal, or accounting advice. This article is written for informational purposes only. Like many other assets, cryptocurrencies are subject to high market risk. Please trade with caution.