NFTs, gaming protocols and the birth of the metaverse were trending topics in 2021 and are shaping up to grow even bigger in 2022. The metaverse coin market is also doing well, with many seeing significant price increases. In this article, let’s take a look at 2 metaverse projects that are on the rise after the important news.
VulcanVerse rose 119% after these news
Projects related to NFTs and the metaverse are also quickly rebounding from the market-wide downturn, with Vulcan Forged (PYR) one of the most moving this week. The project is a Blockchain game studio and NFT marketplace that is in the process of developing the VulcanVerse ecosystem. In the first development that affected the price, Vulcan Forged launched the Elysium Blockchain on January 28, which Vulcan Forged calls “Blockchain for the Metaverse”.
The second reason for the price volatility was the limited listing of 100 lots on VulcanVerse.
The third reason for the rise in PYR price is the success of VulcanDex, the protocols decentralized exchange currently running on Polygon and Ethereum networks. According to VulcanDeX, the protocol has surpassed a total of $10 million locked on Jan. 29, and that figure continues to rise as PYR prices soar. VulcanDEX is also in the process of integrating a cross-chain bridge between Ethereum and Polygon in the ‘My Forge’ portion of the DEX that will enable simple transfer of PYR tokens between the two networks.
You can reach the metaverse guides we prepared as cryptokoin.com here (part-1, part-2).
Metaverse coin ShinFloki listed on CoinMarketCap and flew
ShinFloki is a metaverse and NFT meme token with the theme of the famous Shiba Inu dog. The project is currently in development and future updates include a dApp for NFTs that lets users earn rewards for their NFTs, a play-to-win metaverse game, and a buyback initiative to help with volatile price action. In today’s price action, ShinFloki (SHINFLOKI) reached the $0.0119 ATH level thanks to the hype around its listing on CoinMarketCap.
ShinFloki’s current valuation is $800,000 with a fully diluted market cap of $1 million. This can be considered a relatively low value, as NFT and metaverse projects easily reach $2-3 million if not a Minimum Viable Product.
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