Cosmos-Primarily based Altcoin Defies Crypto Crash, Surges Practically 40% This Week Amid Flurry of New Partnerships

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An altcoin constructed on interoperable blockchain Cosmos Community (ATOM) is surging regardless of the newest crypto market doldrums.

The native crypto asset of good contract platform OKX Chain (OKT) has seen a major value improve within the final seven days because it inks new partnerships, defying the newest bear market sparked by the downfall of outstanding crypto change platform FTX.

OKT, an Ethereum (ETH) Digital Machine (EVM)-compatible layer-1 protocol constructed on Cosmos, rallied from a low of $19.54 on December tenth to a weekly excessive of $27.28 on December sixteenth, marking a 39.61% surge in lower than seven days.

The altcoin has given up a few of its positive factors and is buying and selling at $24.32 at time of writing.

The 77th-ranked crypto asset by market cap lately introduced a bunch of recent collaborations with different digital property and crypto companies, together with the eco-friendly proof-of-stake meme asset Chihuahua Chain (HUAHUA), social crypto gaming community Sweet Membership, decentralized crypto change (DEX) community Beautiful Swap, and market analytics protocol Nansen.

Buyers can now switch HUAHUA and OKT between the Chihuahua Chain and the OKX Chain, and use OKT tokens to play over 677 Sweet Membership video games. Buyers may also purchase, promote and commerce OKT on the Beautiful Swap decentralized crypto change and preserve observe of their OKT holdings on Nansen.

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Disclaimer: Opinions expressed at The Day by day Hodl aren’t funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any loses chances are you’ll incur are your duty. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please observe that The Day by day Hodl participates in internet online affiliate marketing.

Featured Picture: Shutterstock/archy13/WindAwake



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