CoinMarketCap is among the best places to look for new tokens and crypto projects. For example, SWAK, Metaverse’s newest NFT coin, jumped by almost 70% after 2 hours it went on sale. Check out SWAK and its NFT collection to see why the price went up and if it was worth it.
What exactly is SWAK?
SWAK is a 2022 cryptocurrency supported by Binance Smart Chain (BEP20). SWAK currently has a stock of 9,369,763,588 coins in circulation, with 0 in circulation. It is presently trading in 1 active market(s), with a total trading volume of $604,076.19 in the last few days. SWAK’s final known price is $0.00011845, up from $136.97 in the previous few days.
SWAK is an abbreviation for KAWS, a contemporary art label founded by Brian Donnelly that features The Companion, a sad Mickey Mouse-like character with crossed eyes. KAWS is a well-known artist who has had major exhibitions at Melbourne’s National Gallery of Victoria, Shanghai’s Yuz Museum, and New York’s Brooklyn Museum.
SWAK NFTs all have 2424 pixel images that are generated algorithmically. The majority of the photos show similar styles, with some rarer NFTs featuring Dior, NorthFace, and Nike.
Why is the price of SWAK rising?
SWAK’s recent price increase was primarily due to CoinMarketCap listing. Many tokens don’t get much attention until they are added to CoinMarketCap and appear in the Recently Added section.
The fact that SWAK already has a working NFT economy with more than 100 sales shows that the project will last for a long time. The thriving NFT economy is instilling much-needed confidence in potential investors.
On Bscscan, the main address with the most SWAK tokens is PancakeSwap.