Aavegotchi (GHST) Price Surges By Over 50% In 24H

Key Points

• The price of GHST surged by over 50% in the past 24 hours, and the coin is now trading at a little over $3 on CoinMarketCap.
• Last month, Aavegotchi chose Base as the settlement layer for Gotchichain, which is set to come in Q2 2024 with Aavegotchi gaming console.

Aavegotchi’s GHST coin surged by more than 50% during the past 24 hours, and at the moment of writing this article, GHST is trading at a little over $3 on CoinMarketCap, up by 39% in the last 24 hours.

The market cap of GHST is about $162 million.

Last month, the project announced that they chose Base as the settlement layer for Gotchichain, their upcoming L3 dedicated to Aavegotchi Gaming.

BASED AND #ONCHAIN

We’re excited to announce that we have chosen @base as the settlement layer for @gotchichain, our upcoming L3 dedicated to Aavegotchi Gaming.

Why did we choose #Base, and what does this mean?

Read on for more details on this ebic move https://t.co/oiSZIrbCr5

— Aavegotchi (@aavegotchi) March 18, 2024

According to the latest announcement, Gotchichain is coming in Q2 2024 with the Aavegotchi gaming console. This will bring a new gaming experience with player profiles, game progression, and on-chain assets.

The excitement triggered by the announcement could be a price catalyst for the GHST coin.

The team also had a surprise Spring Weekend with a giveaway for the community.

The #GotchiGang is jetting off to #NFTNYC from April 3rd to April 5th

To celebrate, we are hosting a surprise Spring Weekend #GIVEAWAY!

We are giving away 2 tickets, for you and a fren, to @MagicEden's Degen Yacht Party

Find out how to participate in the below.

— Aavegotchi (@aavegotchi) March 30, 2024

About the Aavegotchi project

Aavegotchi (GHST) is a governance token utilized in the Aavegotchi NFT Gaming protocol. GHST token holders can vote in the AavegotchiDAO, which oversees the protocol, Aavegotchi’s flagship game, the Gotchiverse, and Aavegotchi NFTs.

Aavegotchis are virtual ghosts that are supported by the ERC-721 token standard.

The Aavegotchi non-fungible tokens have dynamic metadata that updates over time based on user interaction. The value and scarcity of an Aavegotchi is determined by its collateral stake, traits, and wearables.

The collateral stake is based on an Aavegotchi NFT, which manages an escrow contract holding Aave-backed ERC20 collateral or “aToken.” Traits are determined by random traits at birth, kinship, and experience (XP).

The protocol is named Aavegotchi as a tribute to the Aave protocol, which is one of the top lending protocols in DeFi. Aave means “ghost” in Finnish.

The token ticker for Aavegotchi is also quite smart, as it spells out “ghost” without the vowel.

GHST was a top 5 gainer of the past week.