Aelf (ELF) is top gainer crypto during the daily timeframe as it has gained by more than 35%. The cryptocurrency’s surge can be attributed to the metaverse-themed hackathon it is currently hosting. The token had been on a sharp incline during the week; however, minor market corrections broke the uptrend. At the time of writing, the cryptocurrency stands at a price level of $0.36. The daily trading volume has surged upwards by a phenomenal 1,000%. ELF token currently stands at a market rank of #199 with a capitalization of $203 million. The daily price movement shows the bulls may, once again, push Aelf upwards.
Top of Oasis Hackathon
Amidst the spike in interest in the metaverse realm, Aelf has jumped up on the opportunity to explore the metaverse technology for its platform. The network aims to expand its ecosystem by introducing new projects in the metaverse and related fields into its ecosystem.
The hackathon – Top of Oasis – went live on December 15th, 2021 for its first round. It promises more than 680,000 USDT for winning projects along with networking opportunities, guidance, and the chance to launch on Aelf blockchain. The tracks of the hackathon are Web 3.0. Moreover, what is interesting about the project is that it has a long-term support plan through which the network will continue supporting and guiding the winning projects to ensure their success and sustainability in the long run.
The first round of the hackathon was a success and now Aelf has also concluded the second round. Currently, the projects of the second round are in the evaluation phase which will end by 28th February. Suffice it to say, there is a lot of hype on the network because of the interesting and innovative projects it will be onboarding. The end of the month may mark another bullish rally for the ELF token as the results will be announced by then.
What is Aelf (ELF)?
Aelf (ELF) regards itself to be the blockchain for the future. It employs futuristic technology to enable itself to be the full-fledged business solution for developers and enterprises in the blockchain realm. The core architecture of the network follows the breakdown of the main chain and supporting side chains which gives freedom to developers and also ensures high efficiency. It also has an integrated cross-chain technology which ensures the smooth operation of the side chains in tandem with the main chain.
