Ultiverse’s ULTI token surged 13% amid the market downturn, fueled by listings on major exchanges like OKX and Bybit.
In the midst of the overall market downturn, the decentralized gaming platform Ultiverse (ULTI) has seen a 13% increase today.
The asset’s sudden increase in value is due to large listings on leading cryptocurrency exchanges such as OKX and Bybit. ULTI trading, on the other hand, has captured the community’s attention as the digital asset continues to bleed.
Following Ultiverse’s listing on key marketplaces, consumers have begun to set their sights on a higher price, resulting in optimistic activity around the Ultiverse network.
Ultiverse Price Outpaces Market
The price of ULTI at the time of this publication was $0.06282, representing a 13% increase over the previous twenty-four hours. Its market cap increased to more than $87.6 million.
One can observe the asset’s upward velocity by observing the increasing volumes that it is experiencing across a variety of platforms. Because its daily trading volumes increased by 147%, it is now among the top 50 assets on the metric.
Despite a minor correction, intraday trading put the asset in the driver’s seat. The newly created coin reached an all-time high of $0.07451 today, although there was a slight correction noted. The overall open interest on Ultiverse has increased by 265% over the previous twenty-four hours, while intraday volumes have reached over seven percent in just four hours.
Two days ago, Ultiverse announced the token creation event and listed the asset on OKX, Bybit, and Kucoin. Additionally, OKX announced that they would be staking ETH to mine ULTI, a move that sparked interest among a wider range of cryptocurrency users.
The platform, as part of its mission to transform blockchain-based games, aims to integrate Web3 games into a unified ecosystem. Both BinanceLabs and Sequoia are supporting the Ultiverse project.
Crypto Market Sees Red
The cryptocurrency market as a whole is still in the red zone, with the leading coins recording outflows with their prices. Over the course of the day, daily volumes reached $90.6 billion, while market capitalization dropped by 3.35 percent to $2.54 trillion.
When compared to other alternative cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) have experienced losses of 2.20 and 2.80 percent during the past twenty-four hours, respectively.
Ripple (XRP) and Solana (SOL) both had a decline of 5.8% and 5.6%, respectively, trading at $160 and $0.494, respectively.
Dogecoin (DOGE) and Shiba Inu (SHIB) both experienced significant losses, with Dogecoin (DOGE) posting a loss of 8.71% and Shiba Inu (SHIB) registering a loss of 7%, respectively.