From Nasdaq:

As the global Chinese and Asian communities rejoice during the traditional Lunar New Year period, three dragon-themed cryptocurrencies have notably caught the wind beneath their wings. The Lunar New Year, also known as the Spring Festival, holds the top seat among the array of traditional festivals celebrated in China and many other parts of Asia, signifying the commencement of a new year and celebrated with great zeal. The Year of the Wood Dragon (CRYPTO: YOD) token has seen a 40% surge in value over the last 24 hours, currently priced at $0.00054. Another token, Dragon, has also peaked investor curiosity as the Lunar New Year approaches, with a 29% leap in value to $0.000018 in a single day. Silly Dragon (CRYPTO: SILLY) has seen an 8% increase in price, with Silly Dragon tokens now trading at $0.046. Over the past 24 hours, Bitcoin saw a slight increase of 0.25%, while Ethereum climbed by 1.85%, and Dogecoin by 0.31%. Tokens associated with festive themes, such as those surrounding the Lunar New Year, often experience heightened volatility due to their low liquidity and smaller market capitalizations.

In alignment with the time-honored lunar calendar, it signals the commencement of a new year and is celebrated with great zeal. Typically, this festivity begins anytime from late January to the middle of February. On the mainland, the Lunar New Year ushers in a week-long public holiday. This year, the eagerly awaited celebration lands on February 10, marking the advent of the Year of the Dragon, and the Year of the Wood Dragon, a pair of animal zodiac and element. The tokens Dragon and Silly Dragon have surged in value, with Dragon reaching $0.000018 and Silly Dragon trading at $0.046. Dogecoin was trading at $0.00002782, up 1.11% in the last 24 hours.

For investors engaging in trading activity with such assets, market conditions can change rapidly, and past performance is not indicative of future results.



Read more: Dragon Tokens Rise Over 40% As Lunar New Year Approaches, Coins Named After Mythical Beast Outperform Dogecoin, Bitcoin, Ethereum