Max E.Wed, Dec 8, 2021 2:24 PM
Amp, NEAR Protocol, Tezos, Chainlink & EOS Price Digest
Tezos (XTZ) Price Rises Amid News That Ubisoft Launches NFT On Tezos Network
After it was revealed that Ubisoft would be the first major video game publisher to create in-game NFTs and start by implementing Ubisoft NFTs on the Tezos blockchain, the native Tezos XTZ coin is up 28% in the last 24 hours. The token is currently trading at $5.44.
Other reasons for the growth are the fact that the project is aimed at creating an environmentally friendly blockchain platform, as well as increasing revenues from transactions and protocols in the Tezos network.
The Bearish Trend Continues For Chainlink
The last week has been bearish for Chainlink. Over the past day, the price of the coin has increased by 13% over the past 24 hours. The four-hour chart is showing a recovery, registering positive purchasing power. At the time of writing, the coin is trading at $20.19 with resistance at the top of $23.21. Other price ceilings were at $33.16 before hitting a multi-week high of $38.14.
Chainlink's Secured Value (TVS) topped $82 billion last month. The number of DeFi protocols integrating Chainlink oracles continues to grow, with the Chainlink ecosystem reaching 1,000 projects built through DeFi last week, as well as decentralized insurance, gaming and NFTs.
Another factor in the further possible price increase may be the fact that on December 7, Chainlink Labs announced that former Google CEO Eric Schmidt would become a strategic advisor to Chainlink's scaling strategy.
EOS Price Has Achieved Double-digit Growth In The Past Few Hours
While 2021 was a successful year for many altcoins, EOS lagged behind. However, investor interest revived in May amid news that EOS's parent company Block.one had secured $10 billion in funding to launch a subsidiary Bullish Global company.
In May, the price of EOS surged to a peak of $12.86, well below the 2018 high of $22.89. Since then, the trading volumes have been quite modest. However, the token has achieved double-digit growth in the past few hours: it is up more than 14% and is trading at $3,621. If the strong bullish move continues, then the price is likely to rise above the $3.65 mark (closest resistance level).
Amp Price Is Still Challenging The Broader Cryptocurrency Market
As of December, AMP's digital collateralized token has been challenging the broader cryptocurrency market, as it did in November. Amid the sudden news on November 23 of the listing of the token on the leading crypto exchange Binance, AMP surged 40%. The global cryptocurrency market has hardly changed since November 1, while the AMP price has risen by almost 22% over the same period. Currently, the price of AMP is 55.97% below the all-time high of $0.12 and equals $0.05.
NEAR Protocol Token Price Holds Positions
Over the past 7 days, the price of the NEAR token has decreased by 12.63%. Over the past day, the price increased by 4.07%. The current NEAR price is $7.90.
On December 7, it became known that the NEAR Foundation and the WOO Network completed the exchange of NEAR and WOO tokens in the amount of $5 million. The tokens have a five-year vesting period, during which the platforms intend to cooperate and create common value for their tokenomics.
This news, especially given the dynamic development of the project, can serve as an impetus for the growth of the NEAR token price.