- Mina’s surge was fueled by Upbit’s listing and KRW pairing.
- Bluzelle surge is fuelled by whale accumulation and gaming activity in GAMMA 4.
- The Conflux surge is fuelled by its expansion efforts in the UAE.
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 extraordinary growth is closely tied to their involvement in the rapidly expanding world of Web3, each capitalizing on different aspects of the decentralized web.
Mina rides high on Upbit listing and Korean expansion
Mina Protocol’s native token, MINA, has surged by an astounding 81.25% in the past 24 hours to trade at $0.7487 at the time of writing.
MINA price chart
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This remarkable growth came hot on the heels of Upbit’s announcement that it would introduce a Korean won (KRW) trading pair for MINA.
Upbit, South Korea’s largest cryptocurrency exchange, carries significant influence, and the introduction of a KRW pairing has sparked a buying frenzy among local and global traders. The new trading pair simplifies the process for Korean traders, eliminating the need to first convert their local currency, thereby making MINA more accessible.
Bluzelle’s BLZ rises on whale accumulation
Bluzelle (BLZ) is on the rise, experiencing a 28.36% surge in the past 24 hours. The project positions itself as a decentralized storage network designed to serve the creator economy.
Bluzelle price chart
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Bluzelle offers secure, censorship-resistant, and highly available data storage services, tailored to 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 emerging NFT and DeFi sectors.
The BLZ token’s price boost can be attributed to increased whale accumulation and increased gaming activity in GAMMA 4, the Crypto Sci-Fi Epic powered by Bluzelle.
🌐 Introducing the #Bluzelle BCAP— Battalion Command Ambassador Program
A program for contributors passionate about driving Bluzelle’s community growth, adoption & greater awareness!
🔥Are you ready to get in?
✅ Join Discord to get started: https://t.co/pe0aRos4eF pic.twitter.com/pAkaD9y5Yv
— Bluzelle (@BluzelleHQ) October 18, 2023
The rise in demand for BLZ tokens within the GAMMA 4 gaming ecosystem has played a pivotal role in the token’s rally.
As BLZ is used for in-game activities, purchases, and exclusive features, it has seen an uptick in utility. Additionally, speculation among cryptocurrency traders and investors has intensified due to the association with the popular gaming platform, further bolstering BLZ’s price.
Conflux Network price rises on UAE expansion
Conflux Network’s native token, CFX, has also seen notable growth, with a 23.18% price increase in 24 hours.
Conflux price chart
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The blockchain platform, which focuses on scalability, decentralization, and security, recently announced its expansion in the United Arab Emirates (UAE). This development follows a dialogue with His Highness Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, which recently announced a free zone for digital assets.
Last week, our Co-founder & CTO, Ming @spark_ren , and Global BD Lead, Dora @realdora_eth, had an engaging dialogue with His Highness Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah.
We're excited to support digital and virtual asset initiatives in RAK and are eager to leverage… pic.twitter.com/qwtpO5Xi6T
— Conflux Network Official (@Conflux_Network) October 23, 2023
Conflux will partner with NewTribe Capital, which aims to support digital and virtual asset initiatives in the UAE and expand Conflux Network’s presence in the Asian markets.
🚀 A giant leap towards fostering #Web3 adoption and innovation within the #UAE and beyond!
🌍 Honored to have @NewTribeCap by our side, assisting us in expanding our footprint in the UAE through meaningful partnerships, regulatory engagements, and local project support.
— Conflux Network Official (@Conflux_Network) October 23, 2023
Prior to the UAE-triggered price surge, conflux has been making waves within the crypto market for its collaboration with China Telecom to debut the first on-chain interaction with Blockchain SIM cards.
Conclusion
These remarkable price surges highlight the growing interest in Web3 technologies and their diverse applications.
As the Web3 ecosystem continues to expand, cryptocurrencies like MINA, BLZ, and CFX find themselves at the forefront of innovation, offering solutions to various challenges and tapping into emerging markets.
The post Web3 traction drives Mina, Bluzelle, Conflux tokens’ double-digit surges appeared first on CoinJournal.
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