While just a few hours are left until the launch of “Ash Chapter II: Metamorphosis” by intellectual digital artist PAK, the governance token created by him ‘$ASH’ is gaining upward momentum in the market value.
Just after the revelation about the project, according to Coinmarketcap, the ASH price soared from $17.48 to $24.81, nearly 35.5% in less than 24 hours. At the time of writing, the token is trading around $23.73. The 24-hours trading volume also shot up to over $14,340,011 with a 250% hike.
The pump in the price of the $ASH token shows the momentum in the token supply right before the launch of Ash Chapter II. Well, this could become the first major NFT project of 2022 as 30 famous artists are connected with this project including Paris Hilton, Beeple, Hexaract, Raf Grassetti, Ness Graphics, Fvckrender, Pussy Riot, and others.
One of the reasons behind the pump in the $ASH price could be the guidelines revealed by PAK to mint Metamorphosis. In order to mint Metamorphosis tokens, people must need $ASH tokens which also help to boost the creative economy with the expansion of tokens reach.
People can either swap their crypto with $ASH on Uniswap or they can burn their NFTs to get $ASH. NFT maniacs know the benefits attached to the Metamorphosis tokens as it is curated by magnificent collaboration and they are seeing it as a fruitful investment.
Owing to this, more and more people are minting or swapping for $ASH tokens before the drop goes live, ultimately increasing its supply in the market. However, the market value is still far behind an all-time high (ATH) at $57.72, which was marked last year.
