Decentralized gaming platform Ultiverse (ULTI) recorded a 13% price rally today amid the fall of wider crypto assets.
Ultiverse (ULTI) price rallied 13% today as bullish activity mounts.
Daily trading volumes hit 247% following listing from top exchanges.
This comes amid the fall in top crypto prices ushering in a bearish outlook.
Decentralized gaming platform Ultiverse (ULTI) is up 13% today amid the wider market slump.
The asset’s sharp rise comes after major listings from top crypto exchanges like OKX and Bybit. As the digital asset bleeds, ULTI trading in the opposite direction has caught the attention of the community.
Ultiverse Price Outpaces Market
On-chain data shows bullish activity around Ultiverse following its listing in major platforms as users set sight on a higher price.
At press time, ULTI trades at $0.06282, a 13% jump in the last 24 hours. This price rally drove up its market cap above $87.6 million.
The uphill momentum of the asset can be seen in its surging volumes across multiple platforms. Daily trading volumes are up 147% placing it among the top 50 assets on the metric.
The newly launched coin hit an all-time high of $0.07451 today and although a slight correction was observed, intraday trading placed the asset in the driving seat.
ULTI Price Chart | Source: Coinstats
Ultiverse total open interest is up 265% in the past 24 hours with intraday volumes hitting over 7% in four hours.
Two days ago, Ultiverse announced its token generation event with OKX, Bybit, and Kucoin listing the asset.
OKX also announced a staking for ETH for mine ULTI, a move that ignited wider crypto users.
Designed to connect web3 games into a single ecosystem, the platform seeks to reshape blockchain-based games. Ultiverse is backed by BinanceLabs and Sequoia.
Crypto Market Sees Red
The wider crypto market is still in the red zone with outflows recorded by top coins. The market capitalization fell 3.35% to $2.54 trillion while daily volumes were at $90.6 billion.
Bitcoin (BTC) and Ethereum (ETH) are down 2.20% and 2.80% in the last 24 hours while other altcoins showed higher losses.
Solana (SOL) and Ripple (XRP) plummeted 5.6% and 5.8% trading at $160 and $0.494 respectively.
Top meme coins also posted huge losses with Dogecoin (DOGE) and Shiba Inu (SHIB) recording 8.71% and 7% losses respectively.
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