Home / Litecoin News /Biggest Movers: AVAX Hits 1-Week High, As LTC Also Climbs Following US Inflation Data

Biggest Movers: AVAX Hits 1-Week High, As LTC Also Climbs Following US Inflation Data

13 Dec 2022

Dubai, December 13th Zogi Labs, a pioneering crypto company & gaming studio famously known for the BEZOGE token and the up-and-coming crypto-based MMORPG, The Legends of Bezogia today announces its partnership with Cronos. Zogi Labs has won a spot amongst batch 6 of the Cronos ecosystem grant, alongside the signing of an MOU between Cronos & Zogi Labs, forming a strategic partnership which will pave the way for the future of Zogi Labs & Cronos products.

“With the signing of a strategic partnership, we plan on mutually supporting each other’s products and ecosystems to bring massive benefits to the end user. With our new ZOGI token on Cronos chain, along with plans for further collaboration, we’re expecting massive growth and a wealth of opportunity in working together with Cronos.” Steven Murray, CEO, Zogi Labs

“We are excited to welcome Zogi Labs and their flagship MMORPG, The Legends of Bezogia, to Cronos. Games are a core pillar of the Cronos ecosystem and we look forward to supporting Zogi Labs to bring their games to the growing Cronos user base.” Ken Timsit, Managing Director, Cronos

Zogi Labs x Cronos

The Cronos & Zogi Labs ecosystems are a perfect fit to work hand in hand thanks to Cronos’s suite of tools including Crypto Play & multiple dApps which grow ecosystems such as DEX, NFT Marketplaces & Launchpads along with Crypto.com services such as Crypto.com Pay. Working closely with Cronos on future developments, Zogi Labs will be able to fully utilize the VVS Finance DEX to spread liquidity and launch future tokens such as MBLK on the platform, giving holders more opportunities to trade and hold their tokens with extremely low gas fees.

ZOGI has launched on VVS Finance, powered by Cronos, on December 9th.

The future of ZOGI Labs & Cronos

With the partnership, users can trade Zogi, and in future MBLK, on Cronos chain. Alongside this milestone, the communities of both Zogi Labs and Cronos can expect many more cross-chain collaborations including:

The future of Zogi Labs & Cronos is a bright one, with two major forces in the crypto industry joining forces to bring next-level industry-first innovations. Zogi Labs looks forward to working closely with Cronos and Crypto.com to push the boundaries of creativity and functionality in the world of crypto in 2022 and beyond.

Learn more about how ZOGI works by reading the full whitepaper.

Click to buy ZOGI on Cronos

Press Contact

For more information on Zogi Labs please visit http://www.zogilabs.io

Press Contact

press@bezoge.com / Malcolm Russell

###

About Zogi Labs Ltd.:

Founded in 2021, Zogi Labs Ltd, previously known as Bezoge Earth, under the game title of The Legends of Bezogia is an emerging cross-platform MMORPG play & earn blockchain game, available in Beta on PC, with support for iOS and Android devices coming soon.

About Cronos:

Cronos is the first EVM-compatible Layer 1 blockchain network built on the Cosmos SDK, supported by Crypto.com, Crypto.org, and more than 400+ app developers and partners. Cronos is building an open ecosystem where developers can create their own DeFi and GameFi applications, targeting a base of 70+ million users globally.

 

 

 

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SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale

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Dubai, December 13th Zogi Labs, a pioneering crypto company & gaming studio famously known for the BEZOGE token and the up-and-coming crypto-based MMORPG, The Legends of Bezogia today announces its partnership with Cronos. Zogi Labs has won a spot amongst batch 6 of the Cronos ecosystem grant, alongside the signing of an MOU between Cronos & Zogi Labs, forming a strategic partnership which will pave the way for the future of Zogi Labs & Cronos products.

“With the signing of a strategic partnership, we plan on mutually supporting each other’s products and ecosystems to bring massive benefits to the end user. With our new ZOGI token on Cronos chain, along with plans for further collaboration, we’re expecting massive growth and a wealth of opportunity in working together with Cronos.” Steven Murray, CEO, Zogi Labs

“We are excited to welcome Zogi Labs and their flagship MMORPG, The Legends of Bezogia, to Cronos. Games are a core pillar of the Cronos ecosystem and we look forward to supporting Zogi Labs to bring their games to the growing Cronos user base.” Ken Timsit, Managing Director, Cronos

Zogi Labs x Cronos

The Cronos & Zogi Labs ecosystems are a perfect fit to work hand in hand thanks to Cronos’s suite of tools including Crypto Play & multiple dApps which grow ecosystems such as DEX, NFT Marketplaces & Launchpads along with Crypto.com services such as Crypto.com Pay. Working closely with Cronos on future developments, Zogi Labs will be able to fully utilize the VVS Finance DEX to spread liquidity and launch future tokens such as MBLK on the platform, giving holders more opportunities to trade and hold their tokens with extremely low gas fees.

ZOGI has launched on VVS Finance, powered by Cronos, on December 9th.

The future of ZOGI Labs & Cronos

With the partnership, users can trade Zogi, and in future MBLK, on Cronos chain. Alongside this milestone, the communities of both Zogi Labs and Cronos can expect many more cross-chain collaborations including:

The future of Zogi Labs & Cronos is a bright one, with two major forces in the crypto industry joining forces to bring next-level industry-first innovations. Zogi Labs looks forward to working closely with Cronos and Crypto.com to push the boundaries of creativity and functionality in the world of crypto in 2022 and beyond.

Learn more about how ZOGI works by reading the full whitepaper.

Click to buy ZOGI on Cronos

Press Contact

For more information on Zogi Labs please visit http://www.zogilabs.io

Press Contact

press@bezoge.com / Malcolm Russell

###

About Zogi Labs Ltd.:

Founded in 2021, Zogi Labs Ltd, previously known as Bezoge Earth, under the game title of The Legends of Bezogia is an emerging cross-platform MMORPG play & earn blockchain game, available in Beta on PC, with support for iOS and Android devices coming soon.

About Cronos:

Cronos is the first EVM-compatible Layer 1 blockchain network built on the Cosmos SDK, supported by Crypto.com, Crypto.org, and more than 400+ app developers and partners. Cronos is building an open ecosystem where developers can create their own DeFi and GameFi applications, targeting a base of 70+ million users globally.

 

 

 

This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Avalanche rose to a one-week high on Tuesday, as markets reacted to the latest inflation report in the United States. Consumer prices rose to 7.1% in November, which was lower than the 7.3% markets had expected. The figure was also 0.6% lower than October’s reading of 7.7%. Litecoin also rebounded on the data, rising by over 6%.

Avalanche (AVAX) was a notable gainer on Tuesday, as prices surged following the release of U.S. inflation figures.

November’s consumer price index (CPI) came in at 7.1%, which was lower than the 7.3% traders were expecting.

As a result, AVAX/USD rallied to an intraday high of $14.09, which saw prices up by nearly 10%.

Today’s rise saw avalanche hit its strongest point since December 5, which was the last time the token was trading above its ceiling at $13.75.

The 14-day relative strength index (RSI) also rose, breaking out of a resistance point of 51.50 in the process.

Gains in AVAX have eased from earlier highs, and as of writing the token is trading at $13.94.

Litecoin (LTC) also rose in today’s session, with the token rebounding from its losses to start the week.

Following a drop to $73.52, which was the lowest level LTC/USD had hit since November 29, the token raced to a high of $79.52 earlier today.

This surge in price sent litecoin to its strongest point since December 7, which is the last time price was above $80.00.

Looking at the chart, today’s bullish momentum comes as the RSI bounced from a floor of 55.50, and it is now nearing a ceiling of 61.50.

This move has also sent the 10-day (red) moving average higher, a day after it appeared to be certainly heading for a downwards trend.

What happens on Wednesday with the U.S. Federal Reserve will now dictate how cryptocurrency prices will move during the run-up to the Christmas period.

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Analysis, Bitcoin, BTC, ETH, Ethereum

Could we see further surges in avalanche following tomorrow’s Fed meeting? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Dennis Diatel / Shutterstock.com

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.

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