Today the wider cryptocurrency market finds itself looking for something to spark some momentum as Bitcoin (BTC) price dropped to $32,300 and altcoins sustained 2% to 5% losses.
Data from Cointelegraph Markets Pro and TradingView shows that the top three performers over the past 24 hours are Audius (AUDIO), Axie Infinity (AXS) and Small Love Potion (SLP).
The multifaceted use cases and applications of nonfungible tokens continue to be a source of strength for the NFT sector as a whole, primarily because they open the door for different sources of revenue via gameplay, music and art sales.
Audius pulls in new artists and users
According to data from Cointelegraph Markets Pro, the outlook for AUDIO has been climbing for the past few days after new users and popular bands like Wheezer flocked to the decentralized music-sharing and streaming protocol.
As seen in the chart above, the VORTECS
Users embrace income opportunities on Axie Infinity
Axie Infinity (AXS) has been one of the strongest performing tokens in the month of July as users from economically disadvantaged regions embrace the blockchain-based trading and battling game for the income opportunities it provides.
According to data from Cointelegraph Markets Pro, market conditions for AXS have also been favorable for some time.
As seen on the chart above, the VORTECS
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Small Love Potion gets a boost from a new exchange listing
The third top performer on the day is Small Love Potion, a token that is part of the Axie Infinity ecosystem that is utilized in the process of breeding Axies, the nonfungible token-based creatures that populate the Axie Infinity world.
Data from Cointelegraph Markets Pro and TradingView shows that over the past 24-hours the price of SLP has rallied 55% from a low of $0.264 on July 12 to $0.41 on July 13, less than two cents shy of its all-time high of $0.419.
The strong showing from SLP on Tuesday was in part thanks to the token being listed on the FTX cryptocurrency derivatives exchange, which enabled spot and perpetual futures trading.
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