The “Cross the Ages” gaming token rebounded significantly on its second day of trading.
CTA rose more than 30% on Thursday after falling more than 25% the previous day, according to CoinGecko. The token was trading at around $0.38 at 12:56 PM ET, an increase of 31% in 24 hours.
Trading volume on Thursday topped $15 million, according to CoinGecko.
On Wednesday, the cryptocurrency trading card game announced that it had raised $3.5 million in a round led by Animoca Brands. CTA tokens have also started trading on exchanges such as KuCoin and Bybit. However, the token quickly fell to $0.27 after trading began.
Game developers say they plan to build an economy where cards can be purchased, sold, and rented, centered around CTA tokens. Posted on.
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About the author
RT Watson is a senior reporter at The Block, covering a variety of topics including US-based companies, blockchain games, NFTs, and more. He previously covered entertainment for The Wall Street Journal, writing about Disney, Netflix, Warner Bros. and the creator economy, focusing primarily on technological disruption across media. Previously, she covered corporate, economic and political news in Brazil at Bloomberg. She interviewed a wide range of figures for RT, including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers, and convicted criminals. She holds a Master’s degree in Digital Sociology.