By Ollie - Cryptocurrency expert - 11-03-2021
While investing in cryptocurrency gains popularity, NFTs have been attracting a lot of attention over the last few months. A lot of the latest traffic is due to the high sales prices seen in recent auctions as some NFTs have been selling for millions a piece. Unexpectedly however, that majority of high-ticket NFTs are not ones from popular projects such as Axie Infinity (AXS) and Cryptokitties. In fact, there are countless of new NFTs that have been setting new all-time highs (ATHs) in terms of selling prices. Recently, three crypto projects Raribke (RARI), Chromia (CHR), and LUXSO (LYXe) are examples of NFTs that have become increasingly popular as they've been hitting new ATHs.
Chromia is an Ethereum (ETH) based blockchain platform that is powered by Rell, a blockchain language system. According to sources, TradingView and Cointelegraph, the price to buy crypto token CHR has seen a drastic increase of more than 900%. In comparison, RARI, a token from a creator focused NFT marketplace known as Rarible, has seen a 200% increase recently as per TradingView. RARI had risen from $12.92 to $40,52 in less than 2 weeks.
Finally, the price for buying LYXe token has seen a 240% increase, rising from $6.94 to $23.82. LYXe is the native cryptocurrency to the LUKSO blockchain infrastructure that offers solutions to companies that provide either digital or physical consumer products. The three projects have seen a tremendous increase mainly from the growing hype of NFTs, this could also be an indication that other new NFT-based cryptocurrencies can see exponential growth in the future.