Binance-Backed Highstreet (HIGH) Token Gains 200%, Here's Reason - U.Today

According to CoinGecko data, HIGH, the token of Highstreet, is up 142% successful the past 7 days. The token besides ranks among the apical gainers among the apical 500 cryptocurrencies by marketplace capitalization, up 16% successful the past 24 hours to $2.97.

This comes arsenic the marketplace recorded losses successful the past 24 hours, with Bitcoin and the bulk of altcoins trading successful the reddish astatine property time.

Sentiment is mixed arsenic investors await the Fed's adjacent meeting, which volition reason with the cardinal bank's latest involvement complaint determination connected Wednesday.

In the past 30 days, HIGH has pulled disconnected gains of 228%. According to on-chain information provider Lookonchain, "The terms of HIGH accrued astir 200% aft Binance CEO, CZ said that binance would similar to put successful different virtual world oregon metaverse games."

A scroll done the authoritative Twitter provender of Binance Labs Fund reveals treatment about metaverse since the commencement of the year. From Jan. 16 to 20, Binance held an inaugural metaverse demo successful collaboration with High Street, League Kingdoms, The Sandbox, Space and Ultiverse.

Highstreet raised its archetypal effect circular from investors specified arsenic Mechanism Capital, Cherubic Ventures, NGC Ventures and Jump Trading and raised a 2nd effect concern led by Binance Labs and Animoca Brands successful October 2021.

The 2nd effect concern was to supercharge its commerce-focused metaverse. As a result, Highstreet acceptable retired to make the first-ever metaverse marketplace, successful which carnal goods are traded arsenic non-fungible tokens, oregon NFTs. The marketplace, which runs connected the Ethereum blockchain, is built for high-end brands to motorboat limited-edition products.

As portion of this strategical investment, Highstreet would physique Binance Beach successful its metaverse marketplace.