Crypto Market Revitalized: Hedera, Convex, Frax, Enjin, and Axie Are in Focus

The slump that has dominated the crypto market for a long time is coming to an end. Bitcoin briefly climbs above $23,000. Many other crypto digital assets such as Bitcoin are also gaining in value. With these developments, a bull run is on the horizon.

In the days following the week of January 23, Hedera (HBAR), Convex Finance (CVX), Frax Share (FXS), Enjin Coin (ENJ), and Axie Infinity (AXS) coins are under review. The developments and important news on these coins are taken into consideration.

Crypto Market – Axie Infinity (AXS)

Axie Infinity, a game with a blockchain infrastructure, also affected the AXS token with a 59% increase in the number of wallets owned. An increase of more than 50% was observed in the graphics of the AXS token. These increases also revealed the growth in the amount of participation in the Axie Infinity game.

Hedera (HBAR)

Hedera’s price increased by 34% in the days following the week of January 23. With this increase, fluctuations occurred in the market.

The increase in TVL activity, known as the total value, was an example of this increase. The expected TVL value for Hedera is set at $38 million.

The news of the partnership with Jeremy Fall to catch NFT discount in the Hedera market also came to the agenda. Collaboration with LG’s Art Lab NFT and Jeremy Fall made a big splash on the agenda.

Convex Finance (CVX)

Established to stake CRV tokens, Convex Finance is known as a decentralized DeFi platform. The CVX token price has increased by 29% in line with the increases on Frax Finance.

Users trading on the Frax platform sells their Ethereum derivatives through Convex. Thus, prices in the CVX market begin to increase. CVX, which has been advancing at $ 4.14 in the past weeks, has risen to $ 5.28 as of the week of January 23.

Crypto Market Revitalized: Hedera, Convex, Frax, Enjin, and Axie Are in Focus

Frax Share (FXS)

A 22% increase was observed in the Frax Share (FXS) token. Multiple listings on centralized exchanges were cited as an example of this increase. It is stated that Frax Share is currently trading at 10 dollars.

Bybit and BitForex, which belong to FXS exchanges, were cited as examples of exchanges listed on central exchanges.

Crypto Market – Enjin Coin (ENJ)

Enjin Coin (ENJ) increased by 23% with the developing updates. With this increase, it started to be priced at 42 cents.

Enjin Coin announced the updates for the War of Ants game as well as the price increase news. Bug fixes on the platform were also reported.

In conclusion, the cryptocurrency market is showing signs of revitalization as Bitcoin briefly climbs above $23,000. As a result, many crypto assets are also gaining in value, and a bull run could be on the horizon. The five coins under review, Hedera (HBAR), Convex Finance (CVX), Frax Share (FXS), Enjin Coin (ENJ), and Axie Infinity (AXS), are leading the market’s upward trend. With Hedera’s partnership with Jeremy Fall and the increase in TVL, Convex Finance’s rise in CVX prices due to Frax Finance’s growth, Frax Share’s multiple centralized exchange listings, Enjin Coin’s bug fixes and updates for War of Ants, and Axie Infinity’s increase in game participation, these coins are worth paying attention to in the coming days.

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Robert Taylor

Experienced Journalist with knowledge in shareholder activism, corporate governance, and asset finance reporting across various environments including online, print, and social media. Keen to learn about new sectors through the lens of journalism. I have worked as a financial journalist for over thirteen years, I worked my way up from news reporter to become deputy news editor in 2007. As a journalist, my primary focus is to ensure that my readers are well-informed on the most significant changes happening in the world of cryptocurrency, from blockchain technology to the latest market trends. In addition to staying up-to-date with breaking news stories, I am also interested in exploring the long-term potential of cryptocurrencies as a whole. I believe that blockchain technology will fundamentally change the way we conduct business, and I am excited to be a part of this transformation. My background in business and finance gives me a unique perspective on the world of cryptocurrency. I have worked with some of the biggest financial institutions in the world and have seen firsthand how the industry is evolving. I understand the challenges and opportunities that crypto presents and am eager to share my knowledge with my readers.

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