Jaw-dropping rally! Little-known cryptocurrency surges 70,000% in just 24 hours

As cryptocurrencies get more mainstream, crypto enthusiasts are witnessing ridiculous and bizarre trends every now and then. Recent examples are the wild swings in tokens such as Squid Game and Shiba Inu.

The latest entrant to this space is the little-known KokoSwap, which saw an eye-popping 76,200 per cent rise in just a single day, data from Coinmarketcap showed.

KokoSwap jumped $7.63 from $0.009999 within 24 hours, the website said. However, it declined to $5.85 at 12.50 pm..

The KokoSwap staking platform is undergoing a "game changing" migration as it switches from Ethereum to Binance Smart Chain. This migration allows more users to sign in and gives more access to a large community of gamers in the Binance ecosystem.

Sharat Chandra, a Blockchain & Emerging Tech Evangelist, said KokoSwap was riding high on the NFT-gaming wave. GameFi is drawing gaming aficionados in hordes. "What makes it interesting is the promising KokoStake staking platform that enables users to invest and generate a high APY income stream. The lure of a passive income stream via staking is hard to resist," he added.

As the popularity of play-to-earn games has risen rapidly recently, staking has become the new trend for gamers..

KoKoSwapcryptocurrency is thriving in the cryptocurrency market recently while surging more than 70,000% in one week. This cryptocurrency price is another breakthrough just like the Squid Game cryptocurrency. Investors are instigated to invest a lot of money in this KoKoSwapcryptocurrency due to this trending crypto craze. Let’s dig deep into this new cryptocurrency in town before starting the long-term investment in the highly volatile market.

The price of KoKoSwapcryptocurrency reached a record-breaking height from US$0.01005 to US$7.22 in 24 hours on November 10, 2021. Meanwhile, on November 14, it reached $9.05 with a market capitalization of US$2 billion. The current cryptocurrency price is US$6.65 with a ranking of #2762 on CoinMarketCap.

KoKoSwap is known as a unique cryptocurrency platform with a combination of NFT trading features and blockchain gaming. It consists of an invite-only celebrity NFT platform with a one-stop destination for staking cryptocurrencies, purchasing digital assets, and playing decentralized games efficiently. The current KoKoSwapcryptocurrency price is US$6.65 with a green light of 1.06%.

KoKoSwap consists of KokoStake that lets users stake Ether or KOKO tokens to earn high interest per annum with a minimum period of one year. The gaming platform will allow users to have personalized gorilla characters with limited edition merchandises for trade and auction. The games will be based on HTML5, Flash and WebGL JavaScript.

The unexpected and unprecedented cryptocurrency prices are becoming the new normal for the highly volatile cryptocurrency market. Reaching over 70,000% of the cryptocurrency price is highly interesting for investors to gain profit in their digital wallets. But they have to be very careful before choosing such new trending cryptocurrencies. The world has experienced the recent crypto-scam from the Squid Game token. Recently new cryptocurrencies are gaining sudden popularity such as Mana, KOKO, Squid, ShibaInu, Ethereum Meta, and so on.

Ethereum as a blockchain has been one of the most popular and top-notch platforms, but it has congestion issues and high gas fees have caused a gradual shift away from the network. Not only KokoSwap, a number of projects are seeking alternatives to the Ethereum blockchain owing to its slow transaction speed and high charges.

Sohail Merchant, CEO and Founder, PocketBits said that this is a protocol upgrade of KokoSwap from the Ethereum chain (ERC20) to Binance Smart Chain (BSC).

The Balance Smart Chain was launched in 2020.

The KokoSwap platform is a decentralised platform that combines the practices of NFT trading, NFT gaming and crypto trading to create a decentralised and enriching environment.

KokoSwap is a unique product that combines the excitement and thrill of Nft gaming with the magic wonders of and decentralized finance. https://kokoswap.org/