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Aavegotchi (GHST) gains 50% as ‘Gotchiverse’ auctions set a path to the Metaverse
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The world of decentralized gaming has seen significant growth in 2021 as the rise of play-to-earn (P2E) gaming merged with NFTs to open the first pathway to the Metaverse.
Aavegotchi is currently making inroads in the blockchain-based gaming sector with a somewhat novel approach that incorporates features from P2E gaming, NFTs and decentralized finance (DeFi).
Data from TradingView shows that since hitting a low of $1.56 on Oct. 1, the price of GHST, Aavegotchi's native token, has rallied 53% to a daily high at $2.40 on Oct. 29 as its 24-hour trading volume spiked 45% to $135.8 million.
Three reasons for the building momentum in the price of GHST are the ongoing Gotchiverse land auctions that require GHST to bid, several high-profile
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