The Avaxtars price (AVXT), is on the rise. Today, it has increased by approximately 117% to $25.68.
AVXT currently trades at $14.65 with a daily trading volume of 3.03 million. Its market cap stands at $2.7million with a supply of 156.8K units.
Avaxtars is a play-to-earn Metaverse game built on Avalanche’s C-Chain and AVXT is its native currency that was launched in October 2021.
Avaxtars based on NFTs have all components of the game tokenized, and are live on Avalanche’s blockchain. Every Avaxter created on the Avalanche blockchain is digitally recorded as an unique ERC-721NFT.
There are features such as a personal Avaxter Generation Machine, (PAGM), that analyzes the Digital Genetic Code (DGC) Gen1 to create new Gen2 Avaxters. This is Avaxtar farming, which allows users to gain AVXT tokens as well as new Avaxters.
To play, users must purchase an Avaxtar from the Marketplace. Gen1 or Gen2 Avaxtars range in price between $5 to $15.
Avaxtars is an affordable project that will appeal to new users of cryptocurrency, NFTs and Metaverse.
Avaxtars beta is available to users by connecting with MetaMask, a compatible wallet. This project was one of the few that delivered on its promises and has become one of the most trusted Metaverse crypto coins on the market.
There are three types of tokens in the game, ENXT-AVXT and DGC. ENXT can be created by providing liquidity to AVXT/AVAX pool on a decentralized exchange. AVXT can also be earned through in-game mechanics. DGC is generated via PAGM processes.
Why is Avaxtars’ price on the rise?
Avaxtars has announced today their partnership with Kaira Network. This social network allows users to connect their Avaxtar Network Function Tokens to Kaira Network and create content. They also earn Kaira tokens for sharing their social media.
🔸100,000 worth of ALLOCATIONPOOLS to the #AvalancheWe are a community exclusive to the Private Sale Round
🏁Application time: Monday, 6.00pm UTC
Do not wait until Monday to become an investor early $KAIRAToken’s private sale round, and our detailed blog post.
— Kaira Network 🔺 (@KairaNetwork) January 14, 2022
The partnership was instrumental in promoting the project’s bullish momentum, but the main reason for recent price increases is the availability of a real product and a growing ecosystem.