Cryptocurrency Surges in Web3: Mina (MINA), Bluzelle (BLZ), and Conflux (CFX) Ride High on Market Activity
Crypto News – In a whirlwind of market activity, three cryptocurrencies – Mina (MINA), Bluzelle (BLZ), and Conflux (CFX) – have recently experienced significant double-digit surges in their token prices.
This remarkable growth is closely intertwined with their engagement in the rapidly expanding realm of Web3, with each of them capitalizing on distinct facets of the decentralized web.
Mina’s Ascent Fueled by Upbit Listing and Korean Expansion
Mina Protocol’s native token, MINA, has witnessed an astonishing 81.25% surge in the past 24 hours, currently trading at $0.7487 at the time of this writing.
This remarkable surge closely follows Upbit’s announcement that it will be introducing a trading pair with the Korean won (KRW) for MINA.
Upbit, South Korea’s largest cryptocurrency exchange, wields significant influence, and the introduction of the KRW pairing has incited a buying frenzy among both local and global traders. This new trading pair streamlines the process for Korean traders, eliminating the necessity to convert their local currency first, making MINA more accessible.
Bluzelle’s BLZ Sees Gains from Whale Accumulation
Bluzelle (BLZ) is on an upswing, experiencing a notable 28.36% surge in the past 24 hours. The project positions itself as a decentralized storage network tailored to serve the creator economy.
Bluzelle provides secure, censorship-resistant, and highly available data storage services designed to meet the needs of artists, musicians, scientists, publishers, and developers. With a focus on data storage, file storage, and oracles, Bluzelle’s services are well-suited for the burgeoning NFT and DeFi sectors.
The increase in the price of the BLZ token can be attributed to a growing accumulation by significant holders (whales) and increased gaming activity within GAMMA 4, the Crypto Sci-Fi Epic powered by Bluzelle.
The surge in demand for BLZ tokens within the GAMMA 4 gaming ecosystem has played a pivotal role in the token’s rally.
As BLZ is utilized for in-game activities, purchases, and exclusive features, its utility has seen a considerable uptick. Additionally, speculation among cryptocurrency traders and investors has intensified due to its association with the popular gaming platform, further bolstering the price of BLZ.
Conflux Network’s Price Rise Fueled by UAE Expansion
Conflux Network’s native token, CFX, has also experienced noteworthy growth, with a 23.18% price increase over the past 24 hours.
This blockchain platform, with a focus on scalability, decentralization, and security, recently announced its expansion into the United Arab Emirates (UAE). This expansion follows discussions with His Highness Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, who recently unveiled a free zone for digital assets.
Conflux will be partnering with NewTribe Capital, which aims to support digital and virtual asset initiatives in the UAE and expand Conflux Network’s presence in Asian markets.
Prior to the surge triggered by the UAE expansion, Conflux had been garnering attention within the cryptocurrency market due to its collaboration with China Telecom, marking the debut of the first on-chain interaction with Blockchain SIM cards.
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