Although crypto markets have been trading sideways this week, some Metaverse cryptocurrencies have managed to show significant price gains. While many Metaverse cryptocurrencies have been down this week, one project in particular saw a surge of over 500 percent in one day! We as KoinFinans Crypto Swordu (SWD) closely and evaluated why its price has risen.
What is Crypto Sword (SWD)?
Crypto Sword, listed on CoinMarketCap on January 10, 2022, is a Game-Fi NFT-based Metaverse game built on the Binance Smart Chain. Crypto Sword aims to develop an engaging play-to-win NFT game with sword fights and immersive combat effects to provide players with a high-end and fun experience.
To start playing Crypto Sword, players must have more than one Sword in their wallet. The production of a Sword is priced at $50 + 0.04 BNB, which is considered a pretty reasonable price to start.
Different swords have various levels and styles. The rarity of blades includes Common, Rare, Epic, Legendary, Unique, and Legendary. The Round indicates how many times a sword can enter a fight. The more turns you complete, the longer the Sword will last. Tours reset once a day.
After crafting their swords, players can challenge the mysterious enemy. Depending on the sword level, players can choose different combat levels. The higher the difficulty, the more rewards users can receive. Players are initially rewarded with 5 USDT worth of SWD tokens, Crypto Swords’ native BEP-20 utility token.
Crypto Sword aims to develop a full-fledged Metaverse experience where users can practice and hone their skills, then enter battle modes and fight unknown bosses. This means that a player’s skill level will be directly related to the rewards they earn, taking the gaming experience beyond simple point and click mechanics.
Crypto Sword is a brand new project with Marketplace and Metaverses still in development. Users can currently press swords, but other features are not yet available.
Why Is The Crypto Sword (SWD) Price Rising?
Crypto Sword announced yesterday on January 26 that the V2 Metaverse Battle Mode is now fully completed and available to the public. The announcement of the new features has attracted the attention of investors and the Crypto Sword team has been working very hard on developing the platform. Following this news, the price of the cryptocurrency rose by nearly 500 percent on January 26.
🪐V2 Metaverse Battle Mode is now fully complete and opened!🪐
⚔️Come and experience the exciting battle! ⚔️
Figure out how to defeat the powerful enemies!#NFTGame #GameFi #PlayToEarn #BSC pic.twitter.com/3XwjpJO7yC
— CryptoSword | Play to Earn NFT Game (@CryptoSwordsP2E) January 26, 2022
SWD’s price chart has been trading in a downtrend since its launch on Jan. 10, but it looks like the project has bottomed out and the trend may be reversing.
Losing some of yesterday’s gains, Crypto Sword is trading at $0.14 at the time of writing, up over 200 percent.
Also, this metaverse coin has a significant trading volume of over $5 million in the last 24 hours. The project has a fully diluted market cap of $780,000, making it a very undervalued project and shows that it has an opportunity for growth. Analysts say Crypto Sword is a project to consider, and they recommend checking out SWD and their community if you’re interested in NFT-based games.
You can purchase SWD on PancakeSwap.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.