PYR Crypto is the native utility token of Vulcan Forged, a blockchain game studio and NFT marketplace. Vulcan Forged is the maker of VulcanVerse, a Greco-Roman fantasy metaverse made up of 10,000 plots of land.
In this article here we will discuss the next direction of PYR crypto and other related topics.
Origins
PYR was launched in April 2021 with an initial supply of 50 million tokens, of which 20 million are in circulation. PYR is based on the Polygon network, which offers fast and low-cost transactions. PYR can be traded on several centralized and decentralized exchanges, such as Binance, Bitunix, DigiFinex, Bitrue, BingX, Uniswap, and Quickswap.
PYR is used for various purposes, such as fees for marketplace settlement, crypto staking in VulcanVerse land and other assets, upgrading and sustaining game asset levels, play-to-earn rewards, and access to the game developers and NFT dapps incubation program.
PYR Crypto Current Price Analysis
PYR has experienced a significant price increase in the past week, reaching a level of $4.83 on 26 Oct 2023. This was driven by several factors, such as:
- The announcement of a partnership with Animoca Brands, a leading blockchain gaming company that owns popular titles such as The Sandbox, F1 Delta Time, and Axie Infinity. Animoca Brands will integrate its games and NFTs into the Vulcan Forged ecosystem, creating more cross-chain interoperability and value for both platforms.
- The launch of Berserk Season 2, an NFT online trading card game that runs on the Vulcan Forged platform. Berserk Season 2 introduces new features, such as tournaments, leaderboards, quests, achievements, and rewards. Players can earn PYR tokens by playing the game and collecting rare cards.
- The growing popularity of VulcanVerse, which has attracted over 10,000 users and sold out all its land plots. VulcanVerse is a fully decentralized and immersive virtual world that allows users to create, explore, and interact with various elements. Users can also stake their land plots to earn passive income in PYR tokens.
PYR is trading at $3.20 with a market cap of $77.9 million and a 24-hour volume of $10.9 million. PYR has gained 12.95% in the past month and 35.64% in the past week. PYR has outperformed the global cryptocurrency market, which is up 13.40%, and the Polygon ecosystem cryptocurrencies.
On weekly timeframe level the price action of $PYR consolidating between its Horizontal Resistance and Support level as previously the price action tried to break out the resistance level but got failed.
Future Outlook
PYR has a bright future ahead as Vulcan Forged continues to develop its platform and expand its partnerships. Some of the upcoming events and milestones that could boost PYR’s price are:
- The release of Frenzy Season 2, a create-your-own tournament platform that uses PYR as its reward token. Frenzy allows users to create and join tournaments for any game or activity on the Vulcan Forged platform or outside it.
- The launch of Anvil, a crypto-less and gas-free NFT engine that enables easy game and dapp onboarding to the Vulcan Forged platform. Anvil will allow developers to create and mint NFTs without any coding or blockchain knowledge.
- The integration of more games and NFTs from Animoca Brands and other partners into the Vulcan Forged ecosystem. This will increase the demand and utility of PYR tokens across different platforms and genres.
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