Two emerging digital assets are on the rise after rallying over 300% in the last 30 days amid sideways trading action in the crypto markets.
One red-hot crypto asset as of late is blockchain-based trading and battling game Axie Infinity (AXS).
The game, which allows players to collect, breed, raise and trade creatures known as “Axies,” has surged from $4.10 on June 10th to its all-time high of $19.63 on July 10th, according to CoinGecko. The move represents a meteoric rise of over 378% in just 30 days.
Axie Infinity’s rally comes as the game soared to the top spot of the highest-grossing decentralized applications (DApps). In the last 30 days, the game generated $33.40 million in revenue, nearly three times the earnings posted by decentralized exchange PancakeSwap (CAKE), according to blockchain analytics platform Token Terminal.
Another blazing altcoin is Constellation (DAG), an open-source platform that allows users to create blockchains, crypto assets and DApps. DAG skyrocketed over 352% in the last 30 days from $0.042 on June 10th to a new all-time high of $0.19 on July 10th, according to CoinGecko.
One catalyst fueling DAG’s ascent is the launch of decentralized exchange and automated market maker Lattice Exchange, which relies on Constellation’s Hypergraph network. Constellation has a growing list of ecosystem partners driving the protocol’s fundamentals. The distributed network has teamed up with big guns in the tech and blockchain industry, including Amazon Web Services (AWS), Chainlink and KuCoin exchange.
While both AXS and DAG have catapulted in value in the past month, the crypto markets remain volatile.
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