- ABBC Coin has risen from $0.12 on April 21 to a high of $0.42.
- FTM has skyrocketed from a low price of $0.33 on April 23 to a high of $0.73 today.
- AAVE surged from $314.75 on April 25 to $486.71 on April 28, rising 54% in four days.
ABBC Coin is currently going through a bullish momentum as it surges in price. Specifically, ABBC Coin has risen from $0.12 on April 21 to a high of $0.42 at the time of writing. This highlights a 250% rally in nine days.
Following then, FTM has skyrocketed from a low price of $0.33 on April 23 to a high of $0.73 today. As a matter of fact, the token has rallied 121% return in seven days. Together with the above, AAVE has also shown massive improvements. AAVE surged from $314.75 on April 25 to $486.71 on April 28, rising 54% in four days.
The strong rally being experienced in price is a result of network upgrades, liquidity mining, and lucrative shopping reward programs.
Reasons Behind the Rally in Price
Since its inception in 2017, the ABBC Foundation has achieved many important milestones so far. More so, it is currently listed on some prominent exchanges and aims to integrate more in the near future. Recently, Buyaladdin, an e-commerce shopping platform tweeted that it will conduct an event for the ABBC Coin (ABBC) in May.
Interestingly, through this prominent event, winners can purchase $100 worth of items with one ABBC coin. As such, it triggered a buying spree of the coin, hence an increase in its price.
Therefore, the relative strength index (RSI) is now above 83. Also, the pair is likely to witness a strong supply in the $0.38 to $0.44 zone.
In 2018, HyperChain, a digital asset management company made an investment of $2.5 million in the Fantom ecosystem. Fast Forward to 2021, HyperChain, has invested $15 million in the Fantom ecosystem through the purchase of FTM tokens.
Additionally, Fantom reportedly received a boost from its latest network upgrade dubbed Go-Opera on Thursday. According to the team, the upgrade will radically improve network performance and reliability with the average time to finality reducing to about one second.
More so, Fantom announced tie-ups with SuperFarm, Clover, and Orion Protocol. On April 5, Fantom announced that its technology will be used by the Afghanistan Railway Authority to increase efficiency and transparency. All this is just among the list of what Fantom has been accomplishing.
Notably, AAVE launched a liquidity mining program on April 27. The current program is running till July. As a matter of fact, this program is likely to increase borrowing and lending activity, attracting more investors.
The liquidity mining has been introduced only on Aave V2, which may lure investors into migrating from the protocol’s version 1 iteration that still holds a sizable portion of the total value locked.
In a nutshell, all the above accomplishments for ABBC, Fantom and AAVE are a significant contribution to the increase in price.