KokoSwap is a crypto coin that people are very interested in. As the cryptocurrency world becomes mainstream, more and more people are confident and interested in investing some of their wealth in previously unpopular virtual coins.
From time to time, lesser-known cryptocurrencies appear out of nowhere, demonstrating an overwhelming desire to grow and surpass some of the most popular coins. KokoSwap is one such cryptocurrency.
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According to data from the market research website CoinMarketCap, an astounding 71,000% growth was reported in just 24 hours. On November 10, KokoSwap jumped from $0.01005 (about 0.75 rupees) to $7.22 (about 537.55 rupees).
On November 14th, it had hit a record high of $9.05 (approximately Rs. 673.80). However, with a market cap of around $2 billion, the cryptocurrency is trading at $7.63 (roughly 568) at the time of writing.
KokoSwap is a decentralized platform that combines NFT trading and blockchain gaming. This platform allows people to trade, invest, gamble and much more. The KokoSwap token is KOKO.
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KoKoSwap’s bizarre but remarkable rise goes hand in hand with the “breakthrough” transition from Ethereum to Binance SmartChain. This change will allow more users to log in and access the large community of players in the Binance ecosystem.
In addition, many crypto projects are looking for alternatives to the Ethereum blockchain. However, the popular Ethereum platform has been suspended due to network congestion and high gas costs.
Recently, another lesser known cryptocurrency called Mana has grown by over 400%. Shortly thereafter, Facebook changed its brand name to better reflect its transition to the Metaverse, a shared digital ecosystem where people can interact with one another.
Another example is Shiba Inu, a meme coin issued last August that outperformed its rival Dogecoin.