Top 5 NFT tokens to watch out for this weekend
NFT, which stands for Non-Fungible Token, is a technical term for information that cannot be replicated outside of a blockchain. As a result of their inclusion in the blockchain and legitimate authenticity, NFTs have a significant impact on the collectibles market. Data from a recent report revealed that monthly volumes hit an eight-month high above $1 billion on January 23. The cumulative nonfungible token (NFT) trading volume increased on January 23rd.
The NFT industry is still very young, despite how often we hear the term mentioned. Many of these top NFT tokens may be worth adding to your cryptocurrency watchlist. But given the variety of non-collectible applications for NFTs.
Here are the top 5 NFT tokens to watch out for this weekend
1. ApeCoin (APE)
ApeCoin (APE) is a cryptocurrency designed to aid the development of a decentralized web3, based on one of the most famous and valuable NFT collections: Bored Ape Yacht Club. APE is an Ethereum blockchain-based, fungible ERC-20 token.
ApeCoin’s price at the time of writing is $5.61, with a market cap of $2.06B and a 24-hour trading volume down 18.44%. Now it stands at 105 million dollars. At the same time, the circulating supply is approximately 368,593,750 APE according to crypto market tracker CoinMarketCap.
Also read: What is Fortnite Game? Is Fortnite a violent game?
2. Internet Computer (ICP)
A blockchain called the Internet Computer enables programmers, businesses, and entrepreneurs to create and distribute secure, autonomous, and tamper-proof containers. The internet computer is the only blockchain that stores assets as well as all other parts of an NFT on the blockchain.
Internet Computer’s price at the time of writing is $7.15, with a market cap of $2.07B and a 24-hour trading volume down 65.84%. Now it stands at 85 million dollars. At the same time, the circulating supply is approximately 289,863,803 ICP according to crypto market tracker CoinMarketCap.
3. Decentralized Land (MANA)
Decentraland (MANA) is a decentralized cryptocurrency that allows users to buy, develop and trade virtual land. Users can buy parcels of land that last year’s NFT craze sold for as much as $100,000 USD. The game’s NFT marketplace allows players to sell almost anything they create.
Decentraland’s price at the time of writing is $0.7127, with a market cap of $1.32B and a 24-hour trading volume down by 47.82%. Now it stands at 83.4 million dollars. At the same time, the circulating supply is approximately 1,855,084,192 MANA according to the crypto market tracker CoinMarketCap.
Also read: What is Minecraft game? Is Minecraft ok for kids?
4. Flow (FLOW)
Dapper Labs, the company behind collectibles like NBA Top Shots and CryptoKitties, created Flow. The popularity of CryptoKitties clogged the Ethereum network, making it impossible to buy these NFTs.
Flow’s price at the time of writing is $1.31, with a market capitalization of $1.35B and a 24-hour trading volume up by 41.78%. Now it stands at 129 million dollars. At the same time, the circulating supply is approximately 1,036,200,000 FLOW according to crypto market tracker CoinMarketCap.
5. Axie Infinity (AXS)
Axie Infinity rose to prominence as one of the first major GameFi titles to allow players to make a living playing the game. The game itself is a cover for the stake and liquidity aspects of DeFi, or decentralized finance. The game itself involves players collecting, breeding and trading NFT-like creatures known as Axies.
Axie Infinity’s price at the time of writing is $10.83, with a market capitalization of $1.2B and a 24-hour trading volume down 36%. Now it stands at 89.6 million dollars. At the same time, the circulating supply is approximately 111,752,500 AXS according to crypto market tracker CoinMarketCap.
Disclaimer: This is not investment advice. Do your due diligence before investing in assets.
Also read: What is Sorare? How does Sorare work?
