- Azuki’s cryptocurrency, Animecoin, debuted in the crypto market over the past day.
- ANIME’s utility is centered on giving extensive user access to the Azuki ecosystem.
The crypto market has seen several spurs of activity over the past few days. Particularly, one of the highlights is Binance renaming its Binance Labs to YZiLabs. The exchange’s founder CZ posted on X regarding the same. Additionally, US President Donald Trump signed an executive order for initiating a US Strategic reserve for digital assets.
Meanwhile, within the crypto market, the famed NFT collection – Azuki has launched its own cryptocurrency, Animecoin. This new coin debuted in the crypto market in the past day, (January 23). The cryptocurrency has caught the attention of several investors, due to Azuki’s popularity.
According to their statements, Animecoin was aimed at bridging blockchain technology with the ever-growing global Anime fandom. Additionally, its primary focus is community building within the Azuki ecosystem. Secondly, the token is reported to provide access to the ecosystem, merchandise, and exclusive digital content to Anime and Manga enthusiasts.
The Azuki ecosystem has been endorsed in several projects over the past months. It recently released a new season of Anime Series which has integrated significant web2 personalities into its web3 Anime ecosystem. Moreover, amid rising enthusiasm for Animecoin, OKX introduced mining for the token in the past week.
Animecoin ($ANIME) Price Overview
In the last 24 hours, since its debut, Animecoin has shown significant activity. Its daily price chart depicts a 62.41% price drop from the past day. At the time of writing, ANIME was trading at $0.06884 as per CMC data.
However, on January 23, hours after its launch, Animecoin surged to a high of $0.1070. Inferring from this price range, the 60% freefall is comprehensible. The cryptocurrency can be expected to recover in the next few months, as is customary for newly launched tokens exhibiting increased volatility.
Azuki’s recent advancement raises expectations for an NFT market revival or increased integration of these digital assets. Recently, the White House, Crypto Czar, David Sacks was seen calling NFTs and memecoins ‘collectibles’ further raising positive speculations.
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