Mark Weaden
This little-known coin has gained an astonishing 70,000% as altcoins continue to thrive in the current market
KokoSwap has seen a colossal increase in price, with many public investors showing a clear interest in the latest in a long line of virtual coins to soar in price almost overnight. Many investors are trying to find a way to get rich overnight and small coins like KOKO offer this in abundance.
The virtual coin is also showing a very strong chance to grow. The rate of growth has caught the attention of the media, trumping many of the other more popular coins on the market which have also seen huge increases in price recently.
KokoSwap price surge
KokoSwap has seen an astonishing 70,000% growth in just over 24 hours, jumping from $0.01005 to $7.22 and holding a market capitalization of around $2 billion. The coin features a decentralized platform that combines NFTs trades with blockchain gaming, allowing users to trade, invest, play, and much more.
The shocking turn of events for Kokoswap is likely related to its “game-changing” migration from the Ethereum blockchain to Binance Smart Chain. Binance Coin (BNB) has surged in price since the market began to climb in October, with many new technologies based around Binance’s Smart Chain.
The Binance ecosystem boasts a growing base of gamers and now that Kokoswap has changed over to the Binance Smart Chain, users will be able to sign in and access this unique and fast-growing community. There are various crypto-related projects that are looking for an alternative to the highly popular Ethereum blockchain to develop.
The issues of high gas fees and an increasingly congested blockchain are driving developers elsewhere. This may only be a temporary situation as Ethereum is a project that still has a lot more to offer, especially in terms of scalability and the ability to handle high transaction volumes.
Though it’s not just KOKO, we also saw cryptocurrency Decentraland (MANA) rocket up over 400%, shortly after Facebook’s rebranding and discussing the development of the “metaverse.” Another coin we covered before, Shiba Inu (SHIBA) has also enjoyed a huge increase in price these last few weeks.
