Is Everdome crypto rising? Can it be the next big metaverse token?

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Is Everdome crypto rising? Can it be the next big metaverse token?

Everdome crypto
Image source: © Ifeelstock | Megapixl.com

Highlights

  • DOME crypto is the native utility token of Everdome network, and it is a BEP-20 token.
  • The Everdome crypto could be trending due to the announcement that FAME MMA has acquired land in Everdome.
  • Despite gaining traction, the Everdome crypto was down by about nine per cent as the crypto market crashed.

The price of Everdome (DOME) crypto rose to as much as US$ 0.04634 per token in the last 24 hours. On Friday morning, potential investors were most likely looking for the Everdome crypto as the network announced some significant developments on the microblogging platform Twitter.

Everdome is the digital frontier's first hyper-realistic metaverse per the official website. The network is within the Metahero ecosystem and aims to provide a unique Web3 experience via realistic graphics.

Despite gaining traction, the Everdome crypto was down by about nine per cent as the crypto market crashed after showing signs of recovery on May 5.

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The crypto market declined rapidly over the previous day, and its market cap was down to US$ 1.67 trillion. The price of Bitcoin fell by eight per cent, and it was trading at US$ 36,431.77 per token as of writing.

Why is Everdome crypto trending?

The Everdome crypto could be trending due to the announcement that FAME MMA has acquired land in Everdome, and it aims to become the first MMA organization to build an arena and host its events in the metaverse.

FAME MMA claims that it is Europe's biggest freak fight federation and has fans worldwide. It aims to explore the metaverse space to attract more fans in future.

The combat sports organization looks to accelerate its engagement levels by leveraging the Web3 experience. Meanwhile, the Everdome network also announced that the claiming of the Genesis Non-Fungible Token (NFT) Collection has officially ended.

On May 4, Everdome had announced that its interactive land map was live on the network.

Everdome crypto

Bottom line

DOME crypto is the native utility token of Everdome network, and it is a BEP-20 token. It was built using the Unreal Engine, which is used for getting hyper-realistic graphics in gaming.

Metaverse is growing popular and is attracting mainstream business companies like Nike and McDonald's. Some experts believe it is the next big thing and has a huge market growth potential.

The entry of a combat sports organization into the Everdome ecosystem could bring more users to the network. However, the metaverse is new and is still growing. Therefore, one should be careful before investing in metaverse tokens.

Also Read: ANKR crypto price is down and volume is up 18%. What's next for Ankr?

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