The price of Aavegotchi has rallied to a record high now due to the reason that GHST has introduced their mainnet as well organized the sale of NFT which has sold out within under 60 seconds.
NFT (Non-fungible tokens) had exponentially rapid popularity across the entire cryptocurrency industry. This is clearly evident by Charlie Lee, founder of Litecoin, who has compared the present surge in the interest in NFT to the ICO craze of the year 2017.
This recent withdrawal in the sector of cryptocurrency has reached a pretty hard spot for the token in decentralized finance. On the other hand, Bitcoin prices have successfully managed to recover to the level of $50,000 along with the recovery of NFT and DeFi tokens very quickly.
Aavegotchi Upward Journey
One of the projects which have been successful and capitalized on the spike of NFT and DeFi is Aavegtotchi. These beneficial projects from their connection with Aaegotchi have focussed on the making of the NFTs with value-infused and limited minting options.
The reports of TradingView and Cointelegraph Markets have revealed that GHST prices and the token governance of Aavegotchi have increased from the $1.36 price by almost 35% on the 1st of March to their all-time high that is $1.86 on the 2nd of March. In the meantime, the community has organized their very first sale of NFT.
Each portal of GHST was on a 100 sale and the demand was exponentially high. As a result, approximately 10,000 of the portals managed to sell out within under 60 seconds. The integration of GHST tokens with Aave has created a unique representation that is interest-bearing of the supplied funds to the protocol of Aave which is a 1st for the space of NFT.
