As the cryptocurrency industry is so trendy since the end of 2020, investors are looking for the most promising cryptocurrencies to invest their money in. This is where CoinMarketCap has been playing a very important role in sharing details of the highest gaining cryptocurrencies.
The investors can refer to these cryptocurrencies and decide which asset they would like to or prefer to go with. However, there is also a possibility that these cryptocurrencies have already grown as much as they could. This would mean that these cryptocurrencies would no longer be profitable or offer any gains to investors.
In today’s market for top-gainers, the highest0 performing cryptocurrency in the past 24-hours is Ludos Protocol (LUD). LUD has been launched as a gaming protocol through the decentralized finance sector and aims to create more demand and adoption rates for decentralized gaming.
The platform is offering several DApps for the developer and it is also aiming to come up with a toolbox that will be very essential for game developers. It is also going to offer an incentivized gaming ecosystem.
The data from TradingView shows that when LUD was launched back on August 11, 2020, its initial price was $0.000198800. From August 11, 2020, to April 6, 2021, LUD experienced 502.67% growth in its unit price, coming all the way up to $0.000999300.
The figure of $0.000999300 is the all-time high LUD has achieved ever since its launch. After April 6, 2021, LUD’s price went down and revolved around an average figure of $0.000213766 per LUD.
However, the month of November has again brought LUD back into the market. The CoinMarketCap growth graph for LUD shows exactly how the gaming token has arisen from ashes once again.
The graph shows that on July 25, 2021, LUD experienced its all-time low of $0.000039640 per LUD, plummeting by 2520.94% since its April 6 all-time high. However, on November 7, 2021, LUD made its comeback gaining 2442.48% in value, coming all the way up to $0.000968200.
Since then, LUD’s price has plummeted from November 7 until November 28 because of the overall cryptocurrency market’s demise. However, in the past 24-hours, LUD’s price has surged by 534.63%, bringing its price all the way up to $0.001339.
This means that since November 7, LUD’s price has surged by 138.30%. This is a great demonstration by LUD in terms of its price and growth. When it comes to LUD’s trading volume in the past 24-hours, it is at $231,633, which has grown by 2224.10% in the same period.
Being a gaming token will prove to be highly favorable for LUD as the gaming tokens are gaining a lot of public interest and adoption. According to data from TradingView, LUD will continue experiencing a rally and it will hit a price of $0.002015 by the end of December 2021.